The S&P 500 and the NASDAQ quickly moved lower, EXACTLY as President Obama finished his speech. Obviously, investors were looking for something that they did not get. Whether it was a tougher stance or a real set of initiatives that was hoped for, it was not to be heard today.
So far, much of the posturing has left many investors wanting to believe but most are still looking for a something tangible to hang their hat on in order to commit to equities.
Click on the chart below to see how the markets reacted immediately following the Inaugural speech….