Donald Trump, the 45th US President will take office on January the 20th 2017.
What was three months ago, unrealistic attending to projection polls, is now becoming part of history.
Polls can no longer accurately predict the outcome of an election as well as many pundits’ forecasts for US equities.
There is a real vacuum, an unknow sentiment regarding the US policies and its trade relationships with Mexico and China.
It seems that the world is shifting from a globalization environment to a protectionist sphere. With the US leading this switch.
Dollar’s rally seems to have lost some momentum, and Trump’s next quotes will remark the outlook for the USD and to safe-haven assets, such as JPY, CHF and gold.
Creating legislation, getting things on the run will take its time. In my opinion US equities have risen much more than what should be intended as a prudent approach.
Asking the markets for prudency, is rather more objective to believe that Manna will descend from heaven!
Although some corrections might be on way, both for the dollar as for the US equity markets. And Trump’s speech might trigger the mentioned correction, or prolong the limbo stage for the dollar and for equities’ bulls.
Fellow traders and community members, wishes of a pleasant weekend!