Q: Dear 5i Team!
I am sure like many millions you have been watching Presidet Trump's inagural address. Especially given the fact that the US market is closed toay because of MLK day!
Any takeaways from investment/trading points of view?
Canadian market is open and I see Oil has barely moved. (post Trump speech) Gold is down but to an alrming extent. CAD is slightly up! I am not sure if this is because the US markets are closed or because of "moderate" tone in Trump's speech. I didn't hear China or Iran ONCE! Neither did he bring his desire for the 51st state!
Anyway feel free to share your musings.
I am sure like many millions you have been watching Presidet Trump's inagural address. Especially given the fact that the US market is closed toay because of MLK day!
Any takeaways from investment/trading points of view?
Canadian market is open and I see Oil has barely moved. (post Trump speech) Gold is down but to an alrming extent. CAD is slightly up! I am not sure if this is because the US markets are closed or because of "moderate" tone in Trump's speech. I didn't hear China or Iran ONCE! Neither did he bring his desire for the 51st state!
Anyway feel free to share your musings.
5i Research Answer:
In a market that has largely been in a mode of 'shoot first, ask later' when it comes to news and dvelopments, we think the key will be to reverse this approach and let any headlines settle. There will likely be a lot of talk and headlines around certain events but the actual outcome will likely often differ from the initial knee-jerk news headline.
It will be hard to be patient or to 'look through' the headlines, but we think this will be the right approach in most cases.