Nobody was in any doubt that the start of the new presidential term was going to be "interesting" but I am not sure that many expected it to be so confrontational on so many fronts so quickly.
Be that it may, that creates heightened uncertainty in financial markets - and financial markets do not like uncertainty.
What we are seeing now transpire in US yields, the US Dollar and Equity markets as well as to a certainty extent Oil seems to be morphing from the "Art Of The Deal" into the "Art Of Chaos" and the building blocks appear to be heading more towards a potential "risk off" environment than anything.
This just further suggests that the closes we see in these markets at the end of the week (which is also month end) across markets are likely to be pivotal for what we see into the end of Q1 and beyond.
I have covered a lot of these moving parts in recent pieces, so please go to the "If The Shoe Fitz" content portal to view that commentary
