Mike’s Morning Brief – January 11, 2017

Mike’s Morning Brief: A fast-break rundown of what’s going on.

Market opened in the green, with the incoming Administration in full focus.  The President-elect will hold his first formal press conference for the first time since he won the election.  There has been so much circling around Trump, the election, Russian hacking, constant tweets; it will be very interesting to see what he has to say today.  The world will certainly be watching.  It’s Day 2 of the Trump Cabinet confirmation hearings.  Secretary of State nominee Rex Tillerson takes center stage.

The World Bank sees the Global Economy strengthening, another good sign that the Market likes and has been pricing in with the rally.  The NAS is going for its 7th consecutive gain today, something it has not done since last May.  Tech and Biotech have taken the lead in the new year, after noticeably underperforming in the Trump rally to end last year. It’s a really good sign for broadening leadership.

Have a great day.

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