Good Friday AM from your Hometown Lender,

Not much data again today to finish out the week.

It does heat up next week with the PCE, ECB rate decision (they will cut) and most importantly the Fed meeting. Currently, bonds continue to hold their ground, and we have not seen any big move in the last week. Markets seemingly are waiting to see how aggressive Mr. Trump’s policies become. Currently he and they have been tamer than expected. 

Love him or hate him, President Trump is committed to a stronger US.

Here are just a few of his comments at the World Economic Forum in Davos Switzerland. This is the elite of the elite meeting, which President Trump did not even attend in person, but called in remotely from the White House.

President Trump and his allies used the World Economic Forum to offer the global elite a warning: He intends to follow through on his “America First” campaign promises, spurning allies in the process if necessary.

“My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on Earth,” Trump said in a video address from Washington on Thursday, revealing he didn’t attend in person because of his inauguration earlier this week. “But if you don’t make your product in America, which is your prerogative, then, very simply, you will have to pay a tariff.”

Although Mr. Trump’s best line may have been:

The Federal Reserve should cut interest rates to ease price pressures on Americans, Trump said. The president said he planned to talk with Fed governor Jerome Powell “at the right time,” adding that he knows interest rates “much better” than the guy he appointed during his first term.

If the additional oil output can lower oil prices, it very well could reduce CPI and actually push Russia to make a deal on Ukraine (Russia’s economy depends on oil exports).

Lots of moving parts making this very interesting so stay tuned.

Stay safe, enjoy the weekend, and first, make today great!!!