Slightly risk off tone to US Equities after Durable Goods
Posted: 2017-02-27 14:53:00Dow down 35 to 20,789 after 11 consecutive up days. Dealers report traders lack compelling reason to make new bets ahead of Trump speech on Tuesday as much of the recent run in risk assets has been on the back of expectations for tax and regulatory reform comments by the new president.
In his first address to the nation as president, Trump is expected to lay out more details and potentially a timeline for changes to be enacted. Failure to meet markets expectations could see a fight to safety, while concrete details could remove some uncertainty and lift expectations even further.
Traders report focusing on shorter term opportunities until Wednesday morning in Asia…