After last week’s data rush, this week is decidedly quieter and Wednesday will be calm on the economic data front as only the weekly report on mortgage applications will be set to cross the tape.
On the earnings side, Wednesday will be highlighted by earnings from Goodyear, Whole Foods, and Yum Brands.
And throughout the day, Yahoo Finance will host its first-ever All Markets Summit, featuring interviews with BlackRock CEO Larry Fink, Barclays CEO Jes Staley, and MLB commissioner Rob Manfred.
The full schedule can be found here and the entire conference will be live-streamed all day on YahooFinance.com.
“The Trump Trade”
Following Donald Trump’s win in the US election, stocks went into rally mode.
Investors decided that three pillars of Trump’s economic plans — lower taxes, infrastructure spending, and deregulation — outweighed any risks posed by potentially restrictive trade tariffs.
We’re now less than three weeks into the Trump era, but overall, we haven’t seen much movement on getting legislation through Congress on any of these issues.
Markets, meanwhile, have more or less been flat since hitting new records in mid-December, though the Dow’s first crack above 20,000 was a much-ballyhooed event. This mattered culturally, if nothing else. The White House was also excited.
Myles Udland.
Full story at Yahoo News.
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