Jay Pelosky, founder of independent investment advisory boutique, Pelosky Global Strategies, says the current global conditions are very favourable for stocks.
He points out the global economy is its strongest since before the 2008 financial crisis, companies are reporting double-digit earnings growth in major economies, interest rates are still low and inflation is subdued.
"That's certainly very supportive of asset prices," Pelosky says.
Pointing to those favourable tailwinds, he doesn't buy the idea that Trump has delivered the upswing in economic growth or the Wall Street bull market.