The stock rally is no longer being driven by Trump optimism alone-Mohamed El-Erian
May 26, 2017
- The stock market has been rising of late because too much money is chasing too few opportunities, Mohamed El-Erian says.
- There’s a hope in the stock market that the liquidity trade hands off to the reflation trade, he says.
- Such a move would play down the influence of central bank policies on the stock market, he adds.