January 9
Trading Econ Forex
The S&P 500 gained 0.6% and the Dow rose 0.5% both hitting a new highs, and the Nasdaq added 0.8%. The December report showed nonfarm payrolls increasing by 50K, below expectations, while the unemployment rate edged down to 4.4%, signaling a labor market that remains steady but slow-growing.
The US will release its CPI inflation rate next week
Other US releases include retail sales, producer prices, and home sales.
Tariff decision is likely on Jan 14
S&P FX Gold Oil 10Y BTC USH Silver
Silver up +3.71% to $79.77 | 16:06
Dollar is up 0.20%
Gold is up 0.64%.
10Y yield is lower by 0.8bp
What's Up With The New MBS Buying Announcement and The Massive Reaction in The Market?
Does the president have the authority to do this? In a word, yes. Under the existing regulatory and conservatorship authority, FHFA can direct the GSEs to buy MBS up to the caps set forth in the PSPAs.
Oreshnik and the Nowhere Man
Imagine you are a European leader. You are no longer safe in an underground bunker with your military command.
Oreshnik hit the Bilche-Volitsko-Uhersky underground gas storage facility near Lviv| John & Simpl
Russia showed it’s capable of swiftly hitting targets within NATO without detection | Kory
The Democrats Last Rodeo | Kunstler
Who can possibly fail to see how it works? Import a bunch of people from a foreign land. . . enable them to set up a vast network of social services frauds. . . organize them for ballot harvesting and election fraud. . . and kick-back bundles of money to Democratic Party politicians. If anybody notices, yell “racist!”
US says Argentina has 'fully repaid' pre-election currency lifeline | BAT
Lenders & Homebuilders Jump After Trump Unveils QE-Style $200B Mortgage Bond Buying Plan | Zero
Atlanta Fed GDPNow Doubles Q4 GDP Forecast to +5.4% | Wolf
GDPNow algo shows that a big improvement of the trade deficit pushes up GDP growth.
EU-Mercosur deal wins approval after overcoming fierce French opposition | BAT
The deal will create a vast free trade area of more than 700 million people.
Even Servile US Vassal, Argentina, Is Determined to Keep Trading With China | Naked
“One thing is geopolitics, another is trade,” said Milei. “I’m not going to break commercial ties with China”.
Trump: US Power Restrained Only by 'My Own Morality' | Anti-War
On topic after topic, President Trump made clear that he would be the arbiter of any limits to his authorities, not international law or treaties.
Bessent: If you’re on public assistance, you can’t wire money out of the country
Treasury is derailing the gravy train to Somalia. | Insta
The Minnesota incident | PL
The defiance of state and local authorities holds no more sway now that it did in the era of segregation. On September 30, 1962, President Kennedy issued Executive Order 11053 to provide “assistance for the removal of unlawful obstructions of justice in the State of Mississippi” in relation to integration of the University of Mississippi. The entire Mississippi National Guard (Army and Air) was placed on active federal service on the same day.
First of all, everything Trump and ICE are doing with illegal aliens is totally legal. They are completely operating within the bounds of federal law. The deportations are legal. The raids are legal. The detentions are legal. Your Democrat leaders know this, and they know it would be politically disastrous to just say “ignore the law.” Instead, they are attempting to delegitimize ICE while skirting around the full legality of what ICE does. | Insta
ICE Officer Cell Phone Video Shows Renee Good and Her Wife Immediately Before Shots | CTH
Renee Nicole Good’s wife screams ‘drive baby, drive’ just seconds before ICE agent shoots her | NYP
A video taken in the aftermath of the shooting showed Rebecca sobbing as she cried, “It’s my fault.”
Democrats Say Things Would Be Much Safer If Law Enforcement Would Just Stop Enforcing The Law | Bee
ICE Agents Disguise Themselves As Capitol Police So Democrats Will Defend Them | Bee
New Details Emerge On MN Shooting Victim’s Anti-ICE Background: ‘Thorough Training’
She tried to run over then ICE agent while her wife filmed her. | Surber
The response from activists has veered into dangerous territory | Zero
Agitators are well-organized, sporting identical whistles, vests, and signs. A grassroots movement? | Insta
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at 1:00 AM