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The bond and stock markets were closed today for MLK Day. When they reopen tomorrow, we will all be able to assess their initial reactions to Trump 2.0 following today's Inauguration ceremony. The major stock market futures indexes were up all day. Bitcoin soared in the morning, but turned down in the afternoon. Gold and copper prices fell slightly.
The dollar sold off after The Wall Street Journal reported that Trump isn't rushing to implement new tariffs. Instead, he plans to send a memo to federal agencies directing them to evaluate trade policies and economic relationships with China, Mexico, and Canada.
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