Housekeeping: LAST DAY
with 1 Free Month added on top (effectively $6.73 a month)
Rates will go up again some time in 2024
No Founders Discounting
This offer will expire January 3rd
—FOMC, Liquidity, March Easing Promises weigh on everything—
EDIT: The US government is facing a shutdown risk as the temporary spending-limit extensions will expire on Jan. 19 and Feb. 2.
Market Prices:
Commodities, Stocks, Precious Metals, Bonds , BTC, the Dollar
Yesterday:
US equities retreated on Tuesday, weighed down by tech shares after their rip through the end of last year.
Technology (-2.58%) and industrials (-0.95%) weighed on the broader market indices, while health care (+1.76%) and utilities (+1.38%) outperformed.
The Nasdaq lost 1.63%, while the Mag7 stocks retreated
Today:
Everything is soft except the USD
Metals/Markets Commentary:
Geopolitical risk wrong/ Risk-off right
Data didn’t help
Liquidity crunch likely now- bubble crack?
On Radar (Shutdown, Liquidity, march easing promises)
Crude was bizarre- New content
Gold- sold on data, defied dollar again
Today’s Data:
WEDNESDAY, JAN 3
8:30 am Richmond Fed President Tom Barkin speaks
10:00 am U.S. job openings Nov. 8.8 million 8.7 million
10:00 am ISM manufacturing Dec. 47.3% 46.7%
2 pm Minutes of Fed's December meeting
TBA Auto sales Dec. -- 15.8 million
Headlines:
Geopolitical- Taiwan Election
Domestic- CHiP restrictions?
