"Trump's inaugural overseas trip could well result in a positive effect on world trade, job creation and economic growth. Coupled with the prospect of greatly increased defense expenditure, equities should benefit."
Given the media's obsession with some of the President Trump's communication challenges, it was utterly predictable that the President's declaration that his trip to Europe and the Middle East should be considered a "home run" was met almost universally with ridicule. In truth, the President actually did accomplish a series of victories overseas, or at least laid important groundwork that should help advance American interests in ways that prior Administrations have failed to do. It's a shame that these developments have been ignored among the din of partisanship.
From my perspective President Trump reasserted American leadership in the primary security challenge of our day, namely the defeat of radical Islamic terrorism. He also struck deals that could prove financial windfalls to U.S. industry. The President ran on security and prosperity and that was precisely the thrust of the trip.
Trump's first stop was Saudi Arabia, the keeper of the most holy places in Islam, the most influential of the Sunni Arab states and the one with whom America has long enjoyed close relations. Over the previous eight years Sunni Arabs had been increasingly dismayed by the Obama Administration's tilt towards friendship with Shiite Iran and her allies. (This change resulted in the Iran Nuclear Treaty which is widely despised among Sunnis.) Given that some had concluded that Trump had won the presidency on in part through anti-Islam rhetoric, his meetings in Saudi Arabia should do much to quell anxiety in America's most important Islamic allies.