Don't stand in the way of the market now as you'll be crushed by its momentum, says David Bloom, HSBC's global head of foreign exchange strategy.
"The world believes all of a sudden in 'Trumpflation' and there's nothing to stop them - there's a religious belief in it," Bloom told CNBC's Squawk Box on Tuesday, referring to the anticipated reflation of the economy under President-elect Donald Trump.
Whereas prior to the election, Bloom pointed out, it was rare to hear a good word about the President-elect among investors, now the opposite is true.
Despite the vagueness of his policy proposals, investors are giving a lot of credence to Trump's claims that he will successfully jumpstart growth through measures such as ramped-up infrastructure spending and tax cuts.
The Dow Jones Industrial Average closed at an all-time high after yesterday's session, while the S&P500 tapped a fresh all-time high before finishing slightly negative for the day. Meantime, other key U.S.equity indices such as the Nasdaq and Russell 2000 are also hovering around record-high levels. Indeed, the latter has jumped nearly 15 percent since the U.S. presidential election in early November.