Bonds & Stocks
US stocks rose and Treasury yields dropped on Friday, while speculation that president-elect Donald Trump will temper his most extreme trade policies drove the dollar to its biggest weekly loss in three months. The S&P 500 rose 0.2% during Friday’s shortened, post-holiday trading session. The 10-year Treasury yield fell to 4.20%.
Economy
With control of the White House and Congress, President-elect Donald Trump claims a sweeping mandate to deliver on his Make America Great Again platform. The critical role that inflation played in the election suggests perhaps what voters want is just for him to Make America Affordable Again.
World
Russian Defense Minister Andrey Belousov talked with his counterpart in North Korea on Friday, stoking concerns over deepening military cooperation between Pyongyang and Moscow while Russian jets flying nearby South Korea added to the mounting tensions.