A popular theory among traders was that European investors may have been reassured by the president's congressional address, Art Cashin says.
Art Cashin, UBS director of floor operations, discusses the market reaction to President Trump's address to Congress as well as the Dow crossing 21,000 for the first time.
There is an underlying concern that President Donald Trump won't deliver what financial markets want most.
The odds are 3-2 when it comes to the market reacting poorly to the president's address to Congress, Art Cashin tells CNBC.
Art Cashin, UBS director of floor operations, discusses the current sentiment in the markets ahead of President Trump's address to Congress.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss factors impacting the market today.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss
Viewed from Wall Street, Donald Trump's presidency is going perfectly, Politico's Ben White says.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's moving the markets today.
Markets are vulnerable to a surprise from the Fed, even though the meeting minutes it will release Wednesday are pretty stale.