The Dow has now hit, and passed the 20,000 barrier.
It was supported by the lowest trading range in US history over the last month, and as a result the volatility index is also down.
Major shares, such as Goldman Sachs, JP Morgan, IBM and Boeing provided much of the action. The expectation of new business friendly policies, rising interest rates, and renewed economic activity are behind the moves. Not least traders hope the banks’ regulatory frameworks will be loosened.
Has so much really changed in the past couple of months, or will the US debt overhang bite back?
