What’s the big deal?
The Dow Jones Industrial Average closed at a record high on Friday, capping its biggest weekly percentage gain in over two months.
This comes despite Trump imposing billions of dollars of tariffs on Chinese imports to the US, with fears a full-blown trade war will lead to higher prices for consumer goods and ultimately higher inflation.
Record low interest rates have fuelled the long bull market. In Australia, the RBA cash rate has been held at just 1.5 per cent since August 2016.