Why Aren't Investors Spooked by Trump's Shifts?

On Tuesday, the first full trading day after Donald Trump posted a YouTube video outlining plans for his first 100 days, the Dow jumped to a new record, breaching 19,000 for the first time. Coincidence? Shrewd investor behavior? Insane market euphoria? Several commentators think this rally is nuts, and I never try to predict near-term market moves. But be the rally wise or foolish, it tells us something important about how investors are sizing up Trump. Bottom line, they see him systematically walking back his campaign promises and donâ??t believe heâ??ll deliver on them â?? much to their relief.