For the second day in a row the Dow Jones Industrial Average has closed above 20,000. Gaining roughly 29 points in today’s trading, the Dow is currently trading at 20,097, a fractional gain on the day. The S&P 500 is trading fractionally lower on the day and the NASDAQ fractionally higher. Although these indexes continue to trade in record territory, today’s gains are marginal at best.

Maybe not as historic as breaking the sound barrier, today the Dow Jones Industrial Average broke above 20,000. With an hour and a half left in the trading day, the Dow Jones is trading at 20075.64, up 163 points for the day.

Trump’s second full working day has triggered, or at least influenced, a risk on trading environment today. More importantly, today’s upside move in equities might be indicating a resurgence of the recent equities rally that formerly had been in a period of consolidation.

According to Investopedia, “Trumponomics describes the economic policies of U.S President Donald Trump, who won the November 8, 2016 presidential election on the back of bold economic plans such as cutting personal and corporate taxes, restructuring US trade deals and introducing large fiscal stimulus measures focused on infrastructure and defense.”

At noon today, the world witnessed the peaceful transfer of power, the passing of the baton from one administration to the next. Just as it has been done for over 200 years, beginning with our first president George Washington, today’s presidential inauguration confirmed the wisdom of our founding fathers.

On the day after tomorrow, all the pomp and circumstance surrounding the presidential inauguration will be over. All of the balls, celebrations, and parties for the most part will have concluded, and Americans will awaken to the beginning of a new chapter in our history.

Drawn from data collected on or before January 9, the Federal Reserve today released its latest economic report vis-à-vis the Central Banks Beige Book. Based upon data collected from the Fed’s 12 districts, the US economy is growing modestly with a tightening of the jobs market.

The countdown continues, as now only three days remain until Donald Trump becomes the 45^th President of the United States. Although there continues to be many uncertainties as to what this new administration will accomplish, Trump’s “hands on” leadership style is beginning to emerge. We are witnessing his unique methodology even before he takes the oath of office.

Come Senators, Congressmen, please heed the call. Don’t stand in the doorway, don’t block up the hall. For he that gets hurt, will be he who has stalled. For the times they are a Changin”  ~ Bob Dylan

In his first press conference as President-elect, Donald Trump’s words shook up the financial markets. Traders and investors witnessed strong gyrations and strong swings in the US equities markets, the US dollar, and safe haven assets like gold.