A lack of details on any of his platforms, or for that matter, concrete details of any kind coming from yesterday’s Trump news conference have turned markets across the board in morning trade.
U.S. equities are lower with big drug companies’ stocks taking a hit after Trump’s rant on big Pharma.
However, the move lower in the U.S. dollar starting Wednesday after the press conference has positively affected the Canadian dollar, trading over 76 cents Thursday morning.
Oil prices, which have also rallied significantly, are another positive for Canada.
Gold, on the weaker dollar, has shot up over U.S. $1,200 per ounce, as investors flee the greenback.
But nothing much has changed save the continued real lack of information coming from the incoming President, so rallies may be short lived, unless he keeps bumbling along as he did Wednesday.
Only time will tell.