Housekeeping: Good Morning
**FOMC/ January Effect/ Bitcoin/ Buy Season**
Contents
Market Prices
Yesterday’s Activity
Today’s Prices
Today’s Data
Markets/Metals Commentary
What We’re Reading
Market Prices:
Commodities, Stocks, Precious Metals, Bonds, BTC, FX
Yesterday’s Activity:
Equities continued to retreat on Wednesday, weighed down by tech shares.
Energy (+1.52%) and utilities (+0.39%) outperformed the broader market indices, while real estate (-2.35%) and consumer discretionary (-1.88%) lagged.
The Nasdaq lost 1.18%, while tech fell 1.02%
Today’s Prices:
Reversal of yesterday.. Pause or end? profit taking or…?
Today’s Data:
THURSDAY, JAN 4
8:15 am ADP employment Dec. -- 103,000
8:30 am Initial jobless claims Dec. 30 -- 218,000
9:45 am S&P final U.S. services PMI Dec. -- 51.3
Markets/Metals Commentary:
The best quantification of Buy Season risk is right here. Markets get ahead of themselves. Last year they did not. This year, they may have.
