As for Obamacare, well, that must be looked upon as an epic fail by not only President Trump, but also by Republicans in Congress. Despite having majorities in both chambers, the GOP failed to deliver on one of its key platform positions of the past seven years.

Yet interestingly, the failure to repeal/replace Obamacare still did not stop this bull market. Nor has the lack of any progress on an infrastructure spending plan. In fact, infrastructure has rarely been mentioned by the White House, despite all of the campaign rhetoric about building a big, beautiful border wall and rebuilding the nation is roads, bridges, dams, etc.