Housekeeping: Good Morning.
4 things: Newmont, Fed Behavior, Goldman’s Behavior, Biden’s new Problem1
Contents
Yesterday’s Activity
Today’s Prices
Today’s Data
Markets/Metals Commentary
Attached- Newmont observations
Markets:
Commodities, Stocks, Precious Metals, Bonds, BTC, FX
Yesterday’s Activity:
Fed's Waller kills rate cuts, Earnings Disappoint right after QT leak The NY Fed Manufacturing survey for January saw a huge collapse
US equities retreated on Tuesday amid a slew of corporate earnings results.
Energy (-2.40%) and materials (-1.19%) lagged the broader market indices, while technology (+0.39%) and consumer discretionary (-0.20%) outperformed.
The Nasdaq lost 0.19%, while the "FAAMG" stocks mostly fell:
Don’t fooled.. the Fed is manipulating things.. this is not weakness.. it is strength. When it becomes arrogance, then you act against them
Overnight Prices:
Waller, Recession, Earnings drops, ME Tensions
Today’s Data:
WEDNESDAY, JAN. 17
8:30 am Import price index Dec. -0.4%
8:30 am Import price index minus fuel Dec. 0.2%
8:30 am U.S. retail sales Dec. 0.3%
8:30 am Retail sales minus autos Dec. 0.2%
9:15 am Industrial production Dec. 0.2%
9:15 am Capacity utilization Dec. 78.8%
2:00 pm Fed Beige Book
Total Calendar2
News: via NewSquawk
NOTABLE US HEADLINES
US Senate voted 68-13 to advance the stopgap funding bill through the first procedural hurdle in an effort to avert a shutdown
MIDDLE EAST
US Central Command said the US conducted strikes in Yemen as Houthi attacks against international shipping continue
US President Biden's administration is expected to announce plans to designate Yemen's Houthi rebel group as a global terrorist organisation
OTHER
China's Taiwan Affairs Office said Taiwan's election result cannot stop the trend towards reunification and China is willing to create the widest space for peaceful reunification,
Markets/Metals Commentary:
Newmont Earnings
Chart Comments
