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Markets in 'rational exuberance' but risks lie ahead

Investors should watch for "geopolitical developments and technology's sphere of disruption and behaviour modification in areas such as finance, healthcare, retail and transport"

Most Wall Street brokerages agree that the Republican government's tax and economic policies and the momentum of global economic growth will probably set the stage for more market gains.

US stocks rose last week to record highs and the gains should continue this week as traders bet massive tax cuts will stimulate more economic activity.

Most years end with a "Santa Claus" rally, but this year, Santa has more goodies than usual to put into investors' stockings.