Monday, January 20, Donald Trump officially takes office as President of the United States. Among the guests at the ceremony are celebrities such as Elon Musk and Mark Zuckerberg, showing Trump's interest in partnerships with tech giants. Meanwhile, Monday is a holiday due to Martin Luther King Day, which will limit activity in the markets. Bonds and Stocks: Yields on 10-year bonds (TNX) fell from 4.8% to 4.6%. This decline boosted positive sentiment for dividend stocks, which had been negatively impacted by higher yields. TikTok and Potential Impact: January 19 is the deadline for ByteDance to sell its US operations. If no solution is found, TikTok may cease operations. Trump may intervene with an executive order to extend the deadline by 60-90 days, and during his previous term he supported the sale of TikTok to US companies. If ByteDance sells TikTok, tech giants Meta and Google may benefit from the acquisition or the potential exit of a major competitor.
$META (+0.42%) Closing TikTok in the US could boost Instagram and Facebook Reels, which compete in the same market.
$GOOGL (-1.2%) YouTube Shorts would benefit from the possible absence of TikTok. Technology stocks may show increased volatility in the coming days.