3Dollars: February 13, 2017

The Dow, Nasdaq, and S&P all hit intraday highs today, amid a flurry of international news.

$1 President Trump met with Canada’s Justin Trudeau and a roundtable of female business leaders from the U.S. and Canada. In those pressers, Trump promised continued close trade ties with Canada with a few minor “tweaks.” Great news for investments with exposure north of the border, less so for those to the south.

$2 Steve Mnuchin is now confirmed as Treasury Secratary. This sets the stage for comprehensive tax reform and roll back of Wall Street regulations. Big banks stand to gain a ton from these events.

$3 Four GOP reps suggested that they will not support Trump’s Labor nominee, Andy Puzder. This is potentially a big win for labor unions, as Puzder is renowned for opposing minimum wage hikes and other labor favorable policies. We will see how this holds up in the panel vote.

That’s all for now.


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