Bix, Frank26, MarkZ and more Monday Afternoon 1-13-2020
Bix Weir
ALERT! What Happens AFTER the China Deal?
The Everything Bubble is being supported by computer market rigging and the HOPE of something better...it's been the hope of the China Phase 1 deal but that's about to be signed.
What happens AFTER that?
Courtesy of Dinar Guru
Frank26 ...all the education is being given to the banks so they can be in accordance with the new exchange rate. It's exciting, all these little telltale signs because to me this can point to only one thing, an RI is happening. There is no denial about it. And I am very grateful for it.
Frank26 ...the rate doesn't need the budget, the budget needs the rate. The RI is simply waiting for the budget, waiting for the GOI, waiting for the garbage out there to stop. Let's stop the protesting and the killing and see what else we can can do here...
TNT:
Harambe: Bloomberg: Iran Was in Trouble Even Before Soleimani's Death https://www.bloomberg.com/view/articles/2020-01-11/trump-s-iran-strike-is-tehran-s-grip-weakening
Harambe: AP News: Video: Iran police shoot at those protesting plane shootdown https://apnews.com/1b5f51dc8712b6fcddc2010bbd9de31f
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Phase One And Done: Key Events In The Busy Week Ahead
by Tyler Durden
Mon, 01/13/2020 - 09:02
With the market's fascination with events in the middle east appears to be fading fast in the absence of any material escalation, the main highlights for the week ahead will be the signing of the Phase One trade deal between the US and China (Wednesday). Even though Steven Mnuchin said over the weekend that an English-language version of the agreement will be released this week, DB's Jim Reid notes that it’s quite remarkable that we still don’t know much in the way of details so eyes will be on this.
We’ll also see the start of US earnings season with a number of banks reporting. On Tuesday we’ll hear from JPMorgan Chase, Wells Fargo and Citigroup. Then on Wednesday we’ll get Bank of America, UnitedHealth Group, Goldman Sachs, US Bancorp and BlackRock. Finally on Thursday, we’ll hear from Morgan Stanley and BNY Mellon.
In terms of data CPI (Tuesday), retail sales (Thursday), and consumer confidence (Friday) are the main highlights in the US. In China we have trade data (Tuesday) and Q4 GDP/retail sales/industrial production (Friday). So we’ll have quite a good idea about momentum in the Chinese economy by the end of the week. In Europe industrial production numbers (Tuesday), and the flash CPI (Friday) are the highlights. The UK also sees CPI (Wednesday) and retail sales (Friday).
In terms of central banks over the coming week, publications to watch for include the Beige Book from the Fed on Wednesday, and then the ECB’s monetary policy account of its December meeting (and Christine Lagarde’s first as ECB President) on Thursday.
Read full post here: https://www.zerohedge.com/markets/phase-one-and-done-key-events-busy-week-ahead
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Monday MarkZ update
1-13-2020
News update is in the first 5 minutes