Strategists from the Westpac have already watched the first official press conference of President-Elect Donald Trump yesterday. They have noticed that there was no concrete information about his further policy.
Trump’s inauguration will take place in a week, and it leaves a lot of questions, which Trump could not answer properly during an official meeting with a press.
Wall Street market expected too much from this conference and was left with nothing. Analysts believe that his recent speech was just another, more friendly reply to the comments that was made during his acceptance conference after the elections.
And the list of the question to him is only getting bigger. However, investors worry that five weeks of constant rise at the market did not have much ground beneath it.
Now it brings the new wave of uncertainty to the Wall Street, crushing the dollar’s high position, and making 10-years Treasury yields lost its 2.64 peak and slide to the 2.334 percent today.
We wonder whether Trump will give us more concrete comments about his promises during the presidential campaign which he won because of that. He promised American business more money, new more secure conditions for the work, American workers more opportunities without competitions with immigrants.
He stated during this campaign that he will change the trading agreement with his closest neighbors Canada and Mexico, which pushed their national currencies below average price towards a dollar. He also wanted to fight with Chinese export, and close the door to immigrants.