Investors are confronting a different world, marked by the Trump administration’s aggressive push for a new global order, renewed attacks on the Federal Reserve, increasingly controversial immigration actions and much more.
Why it matters: It’s not even the end of the first month of the year. Throw out your 2026 outlooks.
What they’re saying: It’s hard to parse the market’s response to the firehose of news, as any selloff could be “a routine wave or a tidal shift, or worse, a tsunami,” Steve Sosnick, chief strategist at Interactive Brokers, tells Axios.