U.S. stocks suffered their steepest declines so far this year with Dow Jones and S&P 500 both declining 0.6% on Tuesday. Meanwhile operating Asian markets are all in red led by Japanese stocks despite the BoJ upgrading growth estimates for the next two years and as expected keeping monetary policy unchanged.
You can finally get the milk and cookies. Stuart Varney at Fox Business was thrilled. The Dow finally hit 20,000 during his show. It only took an extra month. The stock market must love the new administration because it waited just long enough for Trump to take credit.
It’s finally inauguration week and it can’t get here soon enough. The period from Election Day to now has been anything but normal and I think traders would just as soon be done with the transition. Looking at this from a purely business perspective, the new administration brings optimism but concerns they will light the torch on a tariff war.