United States

When looking at the latest weekly fund flows, it is clear that the Trump trade is over if only for the time being. As BofA reports, citing EPFR data, the last week saw the largest precious metal inflows in 5 months ($1.3bn), the 4th consecutive week of bond inflows ($4.5bn), and a week of modest $1.7bn equity inflows, however US stocks saw $2.5 billion in outflows, representing the 4th weekly outflow in the past 5 weeks.

Some highlights from BofA's Michael Hartnett:

With markets focused on today's events in Washington, culminating with Trump's inaugural speech, here’s a look at the key scheduled events for Friday, Jan. 20 (all times Eastern).

What to Watch

• Inauguration of President-elect Donald Trump at U.S. Capitol
• Friday is a holiday for federal workers in the Washington area, economic data will be delayed
• Possible Trump executive actions
• Senate confirmation votes on Cabinet nominees

White House

Global shares were mixed, equity futures, the dollar and crude rose as investors focused their attention on today's inauguration of Donald Trump as U.S. president. While the early tone is well bid, some traders anticipate a volatile session, with speculation that a bout of "sell the inauguration" could cap the aging Trump rally, which started with his inauguration.

Submitted by Barton Edgerton viaGlobalRiskInsights.com,

For several places around the world, 2017 could be a watershed year, as various territorial disputes threaten to boil over amidst a climate of global uncertainty.

Authored by Paul Craig Roberts,

When I read Trump’s defenders, such as Daniel Lazare, having to balance their defense with denunciations of Trump, I think the CIA’s propaganda is working. In his article, Lazare asks the rhetorical question, “Is a military coup in the works?” He then goes on to describe the CIA and presstitute coup against Trump unfolding before our eyes.