With the new month comes new opportunities. And a hefty dose of volatility. While stocks have moved in a positive direction since the election of President Trump, that upwards trend hasn’t exactly been all that smooth. We’ve returned to the pattern of up and down swings with each piece of news. Traders continue to digest the various tweets and executive orders that Trump signs, and there is the question of whether he will be able to accomplish his previously stated goals.
This week, the lack of important data being released will mean that the markets could be 100% focused on the President and his orders.
As for earnings, the season continues with plenty of bellwethers reporting this week; albeit, the pace is starting to slow down. As in recent weeks, profits have remained moderately bullish, but guidance has come with a sense of cautious optimism.
In the end, the new week and month should bring more of the same: gains on a roller coaster ride.
Check out last week’s Market Glance here.