Why This Will Be a December to Remember for Stocks

The rip-your-face-off stock market rally may have cooled, but the Dow Jones Industrial Average is still above 19,000 and the S&P 500 is holding above 2,200. It's almost scary, in a way, to see Wall Street surge on the surprise victory of president-elect Donald Trump — an event, the naysayers warned, that would usher in the financial apocalypse. The opposite has happened over the last three weeks as years of cheap-money incrementalism and political gridlock have given way to genuine exc