Housekeeping: Good Morning.
Contents
Yesterday’s Activity
Today’s Prices
Today’s Data
Markets/Metals Commentary
Attached- BBG on Gold vs Stocks/BTC
Markets:
Commodities, Stocks, Precious Metals, Bonds, BTC, FX
Yesterday’s Activity:
MLK Holiday— No data yesterday
News mattered more
Current Prices:
Sell the news
Today’s Data:
TUESDAY, JAN. 16
11:00 am Fed Gov. Christopher Waller speaks
Total Calendar1
News: via NewsSquawk
NOTABLE US HEADLINES
Trump was called as the winner of the Iowa Republican caucuses
Ramaswamy dropped out thereafter and has given his support to Trump.
UBS Global Research raises 2024 SPX target to 5,150 from 4,850 (vs 4,783.83 close on Friday)
House and Senate negotiators have agreed on a roughly USD 78bln framework for a package of tax benefits aimed at businesses and low-income families
GEOPOLITICS
MIDDLE EAST
Explosions were reported in different areas in Erbil, northern Iraq and in Syria, according to Al Arabiya IRGC said it attacked and destroyed the espionage headquarters of Israel's Mossad in Iraq's Kurdistan
Houthi military spokesman said they consider all American and British vessels and warships participating in aggression against them as hostile targets,
Iran’s Islamic Revolutionary Guard Corps commanders and advisors are on the ground in Yemen and playing a direct role in Houthi rebel attacks on commercial traffic in the Red Sea
OTHER
Ukraine President Zelenskiy asked Switzerland to organise a high-level peace conference, while teams will start on plans today.
North Korea decided to shut down organisations dealing with unification and inter-Korean tourism, while North Korean leader Kim said they do not want war but have no intention to avoid it. Furthermore, Kim said war will destroy South Korea and deal an unimaginable defeat to the US, according to KCNA.
South Korean President Yoon said North Korea's recent missile launch and artillery firing are political acts to divide South Koreans and its provocations will be met with response on a multiplied scale, according to Reuters.
Markets/Metals Commentary:
Its All Over Now
Mining Stocks- Later Today
