Weekly Market Commentary 01/20/2017

With Trump’s cabinet picks traipsing up to Capitol Hill for confirmation hearings and with the inauguration on Friday, politics clearly garnered most of the headlines this week. And with the now-president Trump taking office, the hard work hammering out a fiscal plan as well as the myriad policies regarding trade, immigration, regulations and, of course, the dismantling of Obamacare is set to get underway. It will be weeks, if not months, before a clearer picture of how effectively the new regime gets things done and what ultimately will emerge from negations with Congress comes into view. It’s probably fair to say that, despite the ebullient behavior since the election, an air of uncertainty and anxiety is overhanging the financial markets.