It was yet another day of chop for US equities. Indeed, we're now in week 6 since the market hit sp'2277 on Dec'13th.
Market volatility is itself naturally very subdued, with today seeing just a brief foray into the low 13s. The key 20 threshold looks out of range until at least mid/late February. It has to be asked, would a 4-5% equity correction even be enough to see VIX spike to 20?
As for Trump...
|Screenie.. via Youtube - RSBN|
I recognise that whilst half of the US populace are excited for the inauguration, around half of America are dreading tomorrow. To me, there is a gross ignorance in the liberal/democrat community of what Trump is actually about.
Frankly, I am not remotely inclined to try to summarise anything about what is likely ahead, as Trump has already laid it out many times.. across a few hundred rallies/events.
Yours truly - who saw the Trump victory coming... a long... long time ago, is most certainly looking forward to tomorrow. Things are about to get real interesting :)
Goodnight from an icy... but sunny London