Because emotions are terrible investment strategies

Policy is not emotional. There is such a thing as good policy, and bad policy. And, ironically, failing to call obviously bad policy bad is emotional.

And what do you think the real reason is?

Economic instability and uncertainty. How high it is compared to other markets is debatable it has increased significantly this year due obvious reasons, though

S&P500 literally at an all time high.

Even I wasn't paying attention for a few days (just flew to Canada from Europe).

So my theory of profit taking seems right, back to fresh highs.

> S&P500 literally at an all time high.

It still has 10% to go to surpass its previous peak if measured in euros. Which is kind of the point.

Currency depreciation is usually good for the local stock market, that’s not too surprising.

Since Trump’s inauguration even the STOXX 600 managed to outperform the S&P 500 which is something that almost never happened.