Will The Tweet Hit The Fan?

The appeals court reviewing the president's travel ban could render a decision before the week's end.

There is no significant overnight trading news, but New York did receive a significant snowfall. This has been a dead week on Wall Street, and this snowstorm will give traders one more excuse to do nothing unless forced.

The best chance for generating stock market activity this week could come from the legal system. The appeals court considering President Trump’s travel ban could render a decision today or Friday. That decision could influence the markets.

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Trump angrily tweeted Wednesday when luxury department store chain Nordstrom pulled Ivanka Trump’s clothing line. I can’t imagine the explosion if he loses in court. If Trump loses, prepare for the tweet to hit the fan. This might give bond traders the push they are looking for.

February 9, 2017

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