Two presidents will move global markets this week.
First, the inauguration of President-elect Donald Trump on Friday, Jan. 20, has investors and markets anticipating what he will say when he speaks to the nation as U. S. president for the first time.
Historically, markets are always mixed leading up to and following a president’s inauguration. This year has been no different so far – particularly last week. The Nasdaq closed up nearly one percent at a record 5,574 last Friday. The S&P 500 ended the day down 0.1% to 2,274. The Dow was also slightly lower, down 0.4% to 19,885.
The accompanying graphic shows how markets have historically done after a presidential election, from Election Day to Inauguration Day. Again, it’s a mixed bag – and doesn’t always go the way everyone expects.
This post was published at Wall Street Examiner by Money Morning Staff Reports ‘ January 16, 2017.
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