US President Trump says in State of the Union Address that our nation is back, bigger, better and stronger than before

President Trump's claims about America being in a "golden age" and the economy roaring could bolster market sentiment, particularly in equities and commodities.

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US President Trump says in State of the Union Address that our nation is back, bigger, better and stronger than before

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US President Trump has entered the House chamber to deliver the State of the Union Address

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Says:

  • We've seen nothing yet and this is the golden age of America.
  • We have achieved a transformation like never before and a turnaround for the ages.
  • Low interest rates will solve housing problem. Want to protect home values, keep them up.
  • Inflation is plummeting and salaries are rising, the roaring economy is roaring like never before.
  • Gas prices are lower.
  • US oil production is up.
  • We just received more than 80mln barrels of oil from Venezuela.
Context

By highlighting low interest rates and rising salaries alongside plummeting inflation, there might be implications for consumer confidence and spending, which are critical for growth. Keep an eye on the USD's response, especially given the geopolitical significance of his remarks on oil production and prices.

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