They forgot the 3rd. The anticipation of a Trump Economy. FWIW, the Oshkosh Airshow this year was noticeably upbeat. Could it be people realize the 8 years of the reign of error is almost over and the Trump and his policies will unleash locked up capital? Perhaps....
Perhaps not.
Professional investors pay little or no regard to Politics and daily fluctuations mean little to them, they are just gambling with other peoples money. I wouldn't put a dime into today's market..