Fitting the manufacturing is on the calendar
So starting the year with a handful of factory numbers is a fitting measuring stick. Up first is the final US manufacturing index from Markit at 1445 GMT. The consensus is for 54.2, which was the same as the preliminary reading.
The big number of the day comes 15 minutes later when ISM manufacturing for December is expected to tick higher to 53.7 from 53.2. At the same time, the November construction spending report is forecast to rise 0.5% m/m.
The other measure of Trump's policies will be whether it sparks a beggar-thy-neighbor trade war. That's why Canadian manufacturing performance is another data point to watch. It starts with the RBC Canadian PMI at 1430 GMT. The prior reading was 51.5.
See the economic calendar for more details.