The 'Trump trade' that dominated the weeks leading up to Inauguration Day may pause a bit in the days leading up to the swearing in of Donald Trump as 45th U.S. president next Friday.
The inauguration is the big event of the week ahead, and markets are anticipating what Trump will say when he speaks to the nation as president for the first time. But ahead of that, there are a flurry of Fed speakers, another wave of earnings reports, and key CPI inflation data.
There is also the annual World Economic Forum in Davos, Switzerland, and it may be a bit more important than usual this year because of the appearance there of Chinese President Xi Jinping, who is expected to speak on globalization Tuesday.
Trump's inaugural speech should be positive for the market if he focuses it on the pro-growth agenda that has driven stocks higher. Traders have been concerned about his protectionist comments and threats of tariffs.
Reference: CNBC
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