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The Market Glance for January 30: Taking a Bite Out of Apple

If there has been one constant of Donald Trump’s Presidency in his first few days of office, it has to be volatility. Since his inauguration, traders have questioned whether or not he will be successful with his policies. And considering many of his plans aren’t necessarily concrete or detailed, traders have acted accordingly. That means a bumpy ride for investors. This week will be more of the same as there is a deluge of items for them to digest.

On the data front, the final week of the month means plenty of metrics will be released. This week, traders will get multiple data points on the housing, labor and consumer segments. This information includes the official jobs and unemployment figures as well as major inflation metrics.

The so-called earnings season is in full swing. Each day of the week will be filled to the brim of firms reporting profits and losses. As with most of the recent quarters, guidance figures will continue to drive market sentiment rather than current profits/revenues.

And as if that wasn’t enough, we’ll get another Federal Reserve FOMC meeting on interest rates.

In the end, we’re potentially looking at another bumpy ride.

Check out last week’s Market Wrap here.

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