For all of the blustering of Donald Trump’s press secretary regarding crowd sizes and media accuracy on the new supreme leader , there was one statistic that he overlooked that may have actually put on a shine on the new administrations debut. The S&P rose by .3%.
The stock market hadn’t risen on the day of inauguration since Ronald Reagan was sworn in for his second term in 1985. From a B movie actor to a reality television star. Dwayne ‘The Rock’ Johnson is said to be seriously considering running for election in 2020 and sure why not at this stage, things can hardly sink any lower.

Trump’s continued sensitivity to media criticism, or indeed the reporting of facts that don’t portray his greatness, hasn’t bothered markets in a negative way. Not that the markets don’t care, he still has the ability to alter the performance of a companies stock price through the means of his twitter.
160 characters in the hands of the Trump can cause a lot of damage, case in point Lockheed Martin who felt the heat, they had 2 percent wiped off their share price in late December following Trump’s tweet about their controversial F-35 jet fighter project. His criticism of the program took as much as $4 billion off of the company’s market value. When it comes to the Trump, the tweet is definitely mightier than the sword.

Meanwhile on the other side of the Atlantic, the markets were mainly focused on the other major shock of 2016 : Brexit. This is not unrelated to Trump as he has promised a quick trade deal with the UK and criticised the EU as a vehicle for German economic control. This was followed thereafter by UK Prime Minister May’s speech on the impending exit from the EU, this provided some clarity on the UK’s next move and markets are now expecting a ‘Hard Brexit’ from the EU. Sterling saw its biggest one day gain against the dollar since 2008, up 2.9%, in the immediate aftermath of the speech while recognising the UK will leave the single market. The UK stock market fell almost 2%. Uncertainty is likely to continue regarding article 50 and the proposed amendments from UK ministers to get it over the line.

The global index fell 0.8% over the course of the week, as modest economic data was offset by US policy uncertainty concerns.
Copper fell over the course of the week, down 2.4% in dollar terms.
Gold saw another weekly price gain, as investors perhaps utilise it as an inflation hedge.
The US 10 year bond yield saw a volatile week, falling to 2.33% before finishing at 2.47%, from 2.40% a week ago.
The yield on the equivalent German Bund also rose, closing the week at 0.42%, from 0.34%.
The euro was up once again against the dollar over the week, with the EUR/USD rate closing at 1.07.