Trennert: Amazing Dow Hit 20,000 Without Retail Investors

The video discusses the lack of retail participation in the bull market since 2009, despite significant market growth. It highlights skepticism among institutional investors regarding the Trump administration's impact on the market, particularly in terms of corporate tax reform. The video also examines economic data, noting a past earnings recession and potential growth in earnings, while considering the implications of Trump's policies on equities and bonds.

What is one reason mentioned for the lack of retail participation in the market since 2009?

• High interest rates

• Corporate misdeeds

• Low inflation

• Strong retail earnings

According to the transcript, what is a key factor that institutional investors are skeptical about regarding the Trump administration?

• His healthcare reform

• His environmental policies

• His corporate tax reform

• His foreign policy

What is the expected change in earnings for the S&P 500 mentioned in the transcript?

• No change

• A decrease of 10%

• An increase of 5-6%

• A decrease of 5%

What is the potential impact of Trump's pro-growth agenda on bonds, as discussed in the transcript?

• Unchanged

• Bearish

• Bullish

• Neutral

What is the eventual concern for the equity market as mentioned in the transcript?

• Stable economic growth

• Rising interest rates and inflation

• Decreasing corporate taxes

• Increasing retail participation