US stock are higher but investors are avoiding big bets as Donald Trump is sworn in as the nation’s 45th president.
Reuters reports that President Trump is preparing to issue orders to crack down on illegal immigration, build a wall along the border with Mexico, and roll back policies of former President Obama. Trump spokesman Sean Spicer told reporters to expect activity not just today, but over the weekend, and early next week. Trump’s advisers vetted more than 200 potential executive orders for him to consider signing on topics ranging from health care to energy and climate policy.
Billionaire George Soros yesterday predicted the stock-market rally that followed Donald Trump’s November election victory will fade once he takes office and investors are confronted with the “uncertainty” surrounding the new administration’s policies. Speaking in an interview at the World Economic Forum’s annual meeting in Davos, Switzerland he said “uncertainty is the enemy of long-term investment.” The Wall Street Journal reported that Soros’s personal account lost nearly $1 billion as the market rallied in the wake of Trump’s win.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
