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Davos and Trump

Daily Recap

With Donald Trump’s inauguration only a day away, US markets are focused on – Donald Trump’s inauguration. The media reports fear over the unknown of that event being “almost palpable,” with concern over China, Mexico, Russia, interest rates, tariffs, and more.

 

Will Trump follow his simple “grow the economy” message that was behind the stock market’s 8% rally since his election, or freak everyone out by acting on some of his scarier promises? Strangely, while analysts talk about all the fear, the market itself is giving a different message in the form of: Don’t worry, be happy!

Following mixed Asian markets and lower European share prices, US stocks traded lower all day long. The Dow Industrials closed 73 points lower, at 19,732; NASDAQ lost 15 points and the S&P 500 fell 8 points – despite genuinely good economic news. Jobless claims dropped to nearly their lowest levels in 40 years; ... Log in or subscribe to continue reading.


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