Tuesday, January 23–Jim Wyckoff’s Morning Markets Report
The U.S. government reopened Tuesday after a three-day shutdown. U.S. lawmakers finally agreed on a temporary budget plan. That situation did not have a major impact on the world marketplace, but world equity markets were mostly higher Tuesday, partly on relief the U.S. government was open for business. U.S. stock indexes were set to open narrowly mixed when the New York day session begins.
Focus of the marketplace this week is on Davos, Switzerland and its World Economic Forum that began Tuesday. World government officials, corporate heads and other celebrities and bigshots will be at the yearly event to discuss economics and ways to make the world a better place. The highlight of the event will be a speech by U.S. President Trump.