NAB – The Morning Call · Inauguration Day Highs

Inauguration Day Highs

Thursday 21st January 2021

Former President Donald Trump often remarked about how his administration saw record highs in US equities. If the President has any control over that, Joe Biden can make the same claim, with new highs on the NASDAQ and S&P500 right from his first moment in office. Today we look at the risk-on mood of inauguration day and ask will it last.  Could a bad set of weekly employment numbers later on dampen the mood? Plus, rising infection numbers in China, largely ignored by the markets so far. Phil Dobbie also asks NAB’s Tapas Strickland what we can expect from employment numbers in Australia today.

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