The charts say sell gold rallies.
Eurodollar curve chaos.
Wednesday in the charts.
Weekly jobless claims rose to 965,000 versus expectations of 795,000.
The December budget deficit was $144 billion versus $145 billion in November.
The Fed released its latest Beige Book report whose tone was a bit more upbeat than its immediate predecessor. The bad news is that inflation also appears to be recovering.
November Japanese machinery orders were up 1.5% versus estimates of down 6.2%; December PPI was -2.0% versus -2.2%.
The December Chinese trade balance was +$78.1 billion versus predictions of +$72.4 billion; December vehicle sales were up 6.4% versus November’s reading of up12.6%.
2020 German GDP growth was -5.0% versus forecasts of -5.1%.
Philly Fed business cycle index near recession signal.
Cleveland Fed key measures show inflation soft in December.
Update on global oil supply/demand.
Who wants inflation, you or the Fed?
Rumors are that Biden’s stimulus plan will cost $2 trillion.
Update on coronavirus stats.
Bottom line. The stock market doesn’t care.
Just take the money.
News on Stocks in Our Portfolios
BlackRock : Q4 Non-GAAP EPS of $10.18 beats by $1.15; GAAP EPS of $10.02 beats by $0.90.
Revenue of $4.48B (+12.6% Y/Y) beats by $200M.
What I am reading today
The social media’s silent coup.
The problem with bitcoin as currency.
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