Labor

Despite the surge in 'soft' survey data since Trump's election, it appears Chicago just signaled the inflection point. MNI's Chicago Business Barometer was revsied lower in December and then crashed lower in January to 50.3. 

The print was below the lowest analyst estimate and 6 standard deviations below the consensus...

New orders, employment, inventories, and order backlogs all fell.

The last time it was lower than this was Feb 2016 (amid the market's fears of a looming recession).

Over the weekend, openly defiant CEOs, particularly among the tech sector, expressed their displeasure with Trump's Friday executive order on travel from seven Muslim countries with both words and deeds, among which the following (summary courtesy of Axios):

Submitted by Matt Stoller via The Intercept,

In 2011, unemployment was at a near crisis level. The jobless rate was stuck around 9 percent nationally, an unusually high number due to the continuing effects of the financial crash.

Pension Funds represent the retirement accounts for basically 99% of the working class.  Because they don't have many choices, unlike Ultra High Net Worth Individuals.  Global Pension Assets stand at a staggering $35 Trillion according to Willis Towers Watson:

President Trump has slammed the previous administration for “profiteering” on student loans, and has vowed to end the “student loans scam”.  In an interview with The Hill, Trump laid the blame on the student loan crisis firmly on the shoulders of the federal government – which he says will come to an end on his watch. “That’s probably one of the only things the government shouldn’t make money off. I think it’s terrible that one of the only profit centers we have is student loans,” he said.