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run that we ve been on since the election day? the market has moved higher. i mean, what we are seeing are two things. on one side we re seeing an improvement in earnings delivering. a lot of this is coming from just simply improvement in business service, be it services on manufacturing. oil prices are stabilizing. you see a positive base effect. it s not too far too fast? it s all justified? i think one portion is justified. just simply a stronger somewhat stronger cycle, normalization, and profits versus, you know, the lower levels or recession-like level that is we saw earlier this year. there is also a little bit of a multiple rerating where it s happening on account of the new u.s. administration and proteshl pro-growth proposals that may go through. on that note, what s ahead of it? are the banks ahead of themselves? banks are up again today. i still don t think banks are ahead of themselves. i think the regulation potentially being lifted. one of the thing
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