I realize that the corporate tax cut was already largely baked into prices by now, but why aren't we seeing more movement now that it has been passed? Within the next year or two (depending on implementation) the year-over-year for numerous corporations will see a boon. The improvement might not continue beyond the first year of its implementation, but you know there will be about a year period upcoming where quarterly and year results are incredibly positive. I can only think of a few reasons why we haven't seen such a huge increase to the markets, like:
-Investors have already put in all the money they have.
-Cryptocurrency and other non-equities have had a run up at this same time and taken a large portion of available money.
What are some actual negative reasons for why people might not be investing? I mean even if all year-over-year for these companies has neutralized in two years and we have a huge recession a few years down the line just like happens every time the government tries a trickle down theory, wouldn't traders still want to capitalize on the next year or two upcoming?