US bull run charges on despite oil gain and bitcoin pain

US stocks finished near record highs last week and look set to complete one of the strongest years for major indices since the financial crisis as President Donald Trump signed a massive tax cut into law and hinted that there would be more economic goodies to come.

Whether those goodies will keep the stock market run going in 2018 is unclear, however.

On Friday, Mr Trump signed the tax bill, which will slash the corporate tax rate and reduce personal income taxes for millions, measures set to cost the US Treasury about US$1.5 trillion.

He also tweeted a prediction that there would be a bipartisan effort after Christmas to pass a bill allocating money for rebuilding US infrastructure.

The stock market, which had run up ever since the president's election in anticipation of tax cuts and economic stimulus, sold off in the wake of t…