What part of Jack Smith’s remarks matters to markets?

Reports say Jack Smith told Congress the Capitol riot “does not happen” without Trump. That sharper framing can influence legal strategies, calendars, and perceived policy odds. Markets price these probabilities across sectors and risk premia, so event timing and document releases can move volatility more than opinions or polls.

How could the Capitol riot narrative move the S&P 500?

Clearer attribution can affect expectations on regulatory, fiscal, and personnel decisions. That can change sector risk and discount rates. Near term, it may lift volatility around court dates or committee actions. Watch support near 6753-6731 and resistance around 6959-6970, plus the 50-day and 200-day moving averages.

Which technical indicators matter most right now?

Trend strength is low with ADX at 13.80, so ranges dominate. RSI at 50.90 is neutral. Bollinger and Keltner bands frame levels for entries and stops. MACD is slightly positive. Use these with volume versus average to confirm moves, especially on days with legal or policy headlines.

How should euro-based investors manage currency risk now?

Decide on a target hedge ratio for USD exposure and adjust around events. Hedging can reduce noise when political headlines increase volatility. Review hedge costs, tenors, and rebalance on set dates or after material filings. Keep the currency policy written, simple, and consistent with your risk budget.

Law and Government

^GSPC Today: January 02 – Smith: Trump ‘Caused’ Capitol Riot

ByDanny Kontos January 2, 2026January 2, 2026

Capitol riot coverage is back in focus after new disclosures tied to Jack Smith testimony. For Germany-based investors, this raises political-risk premiums around the Trump Jan. 6 case and policy overhangs. Today, the S&P 500 (^GSPC) traded lower as traders assessed litigation and agenda risks. We outline what changed, how the index traded, and steps euro-based investors can take on currency and sector exposure while this story develops.