We continue to track the meaningless (in terms of projecting trajectory) Reagan-Trump S&P500 analog. At their respective inaugurations, the Trump S&P is outperforming Reagan by 4.4 percent. Note, Trump was inaugurated 51 trading days after the election whereas Reagan’s inauguration took place 53 trading days after the election. In terms of the exact days after the election, 51 days, Trump outperforms Reagan by 2 percent.
Our sense the markets will be spooked by Saturday’s global protests and may perceive that Trump has been weakened politically. Thus, we expect a sell off next week.
But what do we know? Absolutely nuttin’.