20.01.25 - Inauguration Day
Donald Trump returns to the White House today, promising the high number of 200 executive orders right after his inauguration. Already a lot of speculation came up during weekend and the last hours on potential topics in his wave of first-day orders, ranging from TikTok, crypto regulation, and expanded oil drilling initiatives etc.
Markets: Asset classes reacting on the speculative news, like cryptos saw a jump, now giving back some of the gains. The US dollar shows weakness as tariffs should not be on the agenda on the first day.
US markets see scheduled closure for Martin Luther King Jr. Day.
My View: A lot of speculation dominates the news flow about the first steps Donald Trump will take after his inauguration.
All eyes are now on the first papers. This could lead to a rise in volatility. A situation which could appear any day from now on going forward.
I do not add new bets till a clear picture about Donald Trump’s first steps arises.
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