Market Extra: Here’s why Trump’s inauguration could mark a near-term top for stocks

It could be a classic “sell the fact” moment for the stock market.

A postelection rally that carried the Dow Jones Industrial Average within a whisker of a round-number milestone and took other major indexes to all-time highs might be losing steam, leading some analysts to anticipate a near-term top that could roughly coincide with the inauguration of Donald Trump on Jan. 20.

Expectations that the president-elect’s administration will follow through on pledges to slash regulation, cut corporate taxes and boost infrastructure spending have contributed to the “Trump trade,” boosting stocks and triggering a sharp rotation into sectors expected to draw outsize benefit from those policies.

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