The S&P 500 Hit a New High, as Trump Confronts Davos

I am expecting wave after wave of earnings to come out and dropkick and drive our fundamentally superior stocks higher.

President Donald Trump appears on a giant screen as he addresses global elites via video conference at the World Economic Forum in Davos on Jan. 23, 2025. Fabrice Coffrini/AFP via Getty Images

Commentary

It’s only been a week, but it’s already a new world under Trump. Last week started off on Sunday night with The Village People singing and dancing their hit “YMCA” in a pre-inaugural rally with President Trump doing his iconic dance along with them. On Day One, Trump implemented a slew of executive orders that can only be seen as “shock and awe.” Then, immigration raids began on Day Two, with the deportation of criminals and gang members. Daily headlines will lead our attention back and forth like a tennis match, but the most important trends for investors to monitor are Treasury yields, the strength of the U.S. dollar, a potential ceasefire between Russia and Ukraine, and that “one big, beautiful tax and spending bill” that Congress may pass—or perhaps two bills if some members of Congress balk at one.