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Conventional Wisdom and The President Trump Era Is Nigh

Conventional Wisdom and The President Trump Era Is Nigh

3 Years ago | January 15, 2017 00:00:00

John M. Bland, MBA

The USD traded broadly weaker late Wednesday and on Thursday, as the disappointment over the Wednesday Trump press conference carried dominated market sentiment. Nevertheless, by Friday the unit was closing well off its lows vs. the majors. Markets had been hoping to see more in the way of an the details and timing of the new administration's economic program when he takes power.

The market reaction to the Trump press conference illustrates the danger of trading on conventional wisdom. The general view in the financial press

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