Last night President Obama made his first State of the Union Address, rallying various parts of our country/economy and chastising others.
Overall our assessment from our prior feared post is the speech was more market friendly than many had expected, echoing our post thoughts and rallying markets world wide. (It’s never as good as you think, or as bad, most tend to over react!)
Bottom line, friendlier speech than many had thought, and Bernanke is inching closer to a re-appointment, all positives for the Capital Markets.
Click here to read the actual transcript of the State of the Union Address, proved by the White House.
JK