Housekeeping: Good Morning. It wasn’t a hack. They are hacks
Timestamps:
0:00- Markets
7:36- SEC BTC Timeline and comment
12:45- Why Gov’t Loved the GLD ETF
SEC Stupidity/ GLD ETF History
Contents
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 ended slightly lower on Tuesday ahead of a slew of corporate earnings reports and data on consumer price inflation later this week.
Energy (-1.63%) and materials (-1.10%) lagged the broader market indices, while technology (+0.25%) and consumer staples (+0.24%) outperformed.
The Nasdaq added 0.09%, while tech gained 0.16%. The "FAAMG" stocks were mixed: Meta (-0.34%), Amazon (-1.52%), Apple (-0.23%), Microsoft (+0.29%), Alphabet (+1.44%).
The VIX lost 2.45% to 12.76. The 30-year and 10-year Treasury yields increased to 4.185% and 4.015% respectively, while the 2-year yield rose to 4.366%.
Current Prices:
Today’s Data:
WEDNESDAY, Jan. 10 1
10 am Wholesale inventories Nov. -- -0.4%
3:15 pm New York Fed President John Williams speaks
Total Calendar1
Markets/Metals Commentary:
The SEC is Either incompetent or complicit in what happened
GLD and BTC ETFs are designed to control movement
Full analysis here
