My apologies for a late post, but WordPress didn’t allow me to log on this morning for unknown reasons.
President Trump on the morning after his Congressional State Of The Union speech appears to have moved past — at least temporarily — the animosity of the first 40 days of his term with the press.
While the President was far more conciliatory in his speech by leaving open room for negotiations on his immigration policies, he provided just enough detail to get equity markets back on winning track by soaring over 21K. European stocks are also rallying on the news.
The US Treasury market is selling off as yields soar on the prospects of a rate rise. That’s not going to happen as I written prior, but rates will go lower after this knee-jerk reaction on the prospects of $1 trillion in infrastructure notes suggested in Tuesday’s speech.