Housekeeping: Good Morning Hartnett’s Flow Show is out, and it is a good one. Expect a full write-up/ voiceover tomorrow. Chart sample included at bottom
**NFP Levels/ Gold Trend / Tamp Down/ When Banks disagree**
Contents
Market Prices
Yesterday’s Activity
Today’s Prices
Today’s Data
Markets/Metals Commentary
What We’re Reading
Markets:
Commodities, Stocks, Precious Metals, Bonds, BTC, FX
Yesterday’s Activity:
US equities retreated on Thursday as investors negotiate the timing of rate cuts by the Federal Reserve.
Energy (-1.63%) and consumer discretionary (-0.97%) underperformed the broader market indices, while health care (+0.46%) and financials (+0.24%) outperformed.
Current Prices:
Today’s Data:
FRIDAY, JAN 5
8:30 am U.S. employment report Dec. 170,000 199,000
8:30 am U.S. unemployment rate Dec. 3.8% 3.7%
8:30 am U.S. hourly wages Dec. 0.3% 0.4%
8:30 am Hourly wages (year over year) -- 4.0%
10:00 am ISM services Dec. 52.5% 52.7%
10:00 am Factory orders Nov. 2.6% -3.6%
1:30 pm Richmond Fed President Tom Barkin speaks
SATURDAY, JAN 6
11:15 am Dallas Fed President Lorie Logan speaks
News
"Google is going forward with sweeping changes to how companies track users online—moves that have been years in the making. Advertisers still aren’t ready.
"German inflation accelerated to its fastest rate for three months in December, casting doubt over investors’ hopes that the European Central Bank will start cutting interest rates as early as March.
"One of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices
