Will Trump's Inauguration Bring a Breeze to the Stock Market? [New York Stock Market Weekly Outlook]

Inauguration Day on the 20th (local time)

Attention on whether he will sign executive orders such as imposing tariffs

The biggest issue for the New York stock market this week (20th-24th) is the inauguration of President-elect Donald Trump in Washington D.C. on the 20th (local time). Executive orders and economic policy statements that Trump is expected to issue after his inauguration are anticipated to impact the New York stock market.

In particular, the tariff policy of the Trump administration is the biggest concern on Wall Street. If high tariffs on China are realized, it could stimulate inflation again due to the rise in import prices. This could, in turn, affect the monetary policy of the Federal Reserve.

However, President-elect Trump reassured investors with his phone call with Chinese President Xi Jinping on the 17th.

Trump posted on his social media, Truth Social, saying, "This call was very good for both China and the United States," and "I look forward to solving many problems and starting this immediately."

Meanwhile, the 20th is Martin Luther King Day, and both the stock and bond markets will be closed. There will be no U.S. economic indicators released. On the 23rd, the Bank of Japan's interest rate decision will be announced. On the same day, new unemployment claims and the Energy Information Administration's crude oil inventory data will be released.

On the 24th, the University of Michigan's January consumer confidence index final figure and S&P Global's January Purchasing Managers' Index (PMI) preliminary figure will be announced.

On the 21st, Charles Schwab, 3M, Netflix, United Airlines, and Capital One will announce their earnings. On the 22nd, Procter & Gamble and Johnson & Johnson will report, followed by GE Aerospace and Texas Instruments on the 23rd, and Verizon and American Express on the 24th.

New York = Park Shin-young, Correspondent nyusos@hankyung.com