FED on pause, wait & see, no hurry top cut, Trump tariffs loom and inflation fears linger, 2 cuts likely (not in line with Waller in early Jan..). Trump is a little p**ed with Trump too >> initial statement took seen as slightly 'hawkish', and Powell walked it back during presser. Shocking scenes in DC >>> next up ECB, delivers 25bps, (all priced in-presser as usual key, does Lagarde flasgs more? how fast etc) and very important next US data PCE ! (see below, softer will push USD and risk further...), metals up #XAU #XAG #XPT #PALL #BTC back too
Alibaba, has released a new AI that it says is better than META, OpenAI, and DeepSeek, so we seem to read in quite a few places, let that sink in..
Lidl plans first ever in-store pub in NI after winning court battle, good idea ?..
German parliament backs resolution on migration with far-right votes
UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
Understand that it's not just US investors that are overloaded on US tech stocks. These are the top stock holdings of the Swiss National Bank, see below
#GDX Gold mining stocks have never been that cheap relative to GOLD prices one can look at #SILJ etc too
Nick Timiraos on X: "With the Dec CPI, PPI and import prices in hand, forecasters who do the math expect core PCE prices to have risen 0.18% (this annualizes to 2.2%) This would hold the 12-month rate at 2.8% and lower the 6-month and 3-month annualized rates to 2.3% https://t.co/qGKXfBwdyd" / X
Excellent wrap from LC ! well worth a read and considering.. >>> market positioning is pretty long USD, USDJPY again topped near 'trend' around 156-157JPY area etc..weaker USD would be bullish global growth, EMG etc >>> Trump also will want a lower #USD, as it lost competitiveness in manufacturing, but too softer usd will not help inflation as commod prices rise too...
Louis Curran on X: "Trump / Bessent Have A Weak Dollar Polict Collaboration = Intervention BESSENT SPOKE W/ JAPAN FINANCE MINISTER KATSUNOBU KATO - DISCUSSED IMPORTANCE OF US-JAPAN COLLABORATION - Risk off = Yen strength - Weaker dollar desire by USTR under Bessent - clearly expressed in a https://t.co/KQqcCuIUBr" / X
#XPT Graddhy - Commodities TA+Cycles on X: "Platinum is now seriously thinking about going for the mega breakout. Russia, China and Iran are now stacking silver & platinum... Russia is looking at banning export of palladium and platinum... Just like silver was, platinum is now sitting right below a historical, huge https://t.co/4v6Ia3NEqh" / X
Peter Boockvar on X: "Understand that it's not just US investors that are overloaded on US tech stocks. These are the top stock holdings of the Swiss National Bank: https://t.co/E3JjZ8R0SL" / X
Rachel Reeves says third runway at Heathrow could be built and in use by 2035 | The Standard too late, now stop talking about it, get cracking ! Heathrow, 'Europe's Silicon Valley' and Old Trafford: Reeves' key plans to boost the UK's economy | ITV News
Go go go if you listen to everyone, nothing gets done.. Business groups welcome Reeves’ growth plans but remain ‘concerned’ about Budget | The Independent
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