22nd Jan - Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week’s ‘Weekly Support’ is here.

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  LAST WEEK

Weekly Scoreboard – Between The Hedges

Succinct summation of week’s events – The Big Picture

Weekly Market Review – ZH

Gold Pops; Banks, Bonds, & Greenback Drop As Trump Takes Office

Bloomberg’s What'd You Miss in Markets This Week? – Youtube

S&P 500 Snapshot – dshort

Treasury Snapshot – dshort

  

  NEXT WEEK

US Schedule for Week – Bill McBride

Economic Calendar – Berenberg

Wall St Week Ahead – Reuters

Optimism among S&P 500 CEOs as Trump takes power

EU Week Ahead – WSJ

Europe talks Trump, space, trade

Weighing the Week Ahead –  Jeff Miller

We have a normal calendar for economic data. There will be important news will come from corporate earnings reports. Since this earnings season is part of an inflection point – the end of the earnings recession– it is special. That said, the uncertainty over policy change has market observers both divided and on edge. I expect the earnings news to get less attention than normal. With the queasy, uncertain feeling, the pundits will be asking: Will policy uncertainty lead to greater stock volatility?

EcoWeek – BNP Paribas

Global: Focus on a classical nexus The correlation between oil and metals prices and the USD has become positive during 2016. However it remains fragile. US: Ceasing purchases is the plan Two rate hikes and a supposedly expansionary fiscal policy raise the question of the downsizing of the Fed's balance sheet. Italy: Monte dei Paschi: What’s next? MPS private recapitalisation had not met the expected success. The bank should be subject to a precautionary recapitalisation provided by the Italian state. The terms and conditions of MPS recovery plan need to be reassessed.

Week Ahead: More signs of solid growth –  Nordea

We expect solid Q4 GDP readings for both the US and the UK and also positive growth news from Euro-area PMIs. In the Nordics, it’s a busy data week for Sweden. The Turkish central bank will have to raise policy rates to defend the currency.

Weekly Focus: Looking for solid indicators to begin 2017 – Danske Bank

January PMIs, first estimate of 2016 Q4 growth * EZ January consumer confidence * UK Supreme Court ruling on Tuesday

Strategy: The end of the world as we know it? – Danske Bank

Trump inauguration, May’s Brexit speech and China’s presence at Davos may well mark the end of the world as we know it * Markets taking a relatively relaxed view on risk with the VIX index

trading close to decade lows and awaiting a more concrete economic policy announcement from the Trump administration * The possible shift towards more protectionism may well hurt the

global economic outlook * We are bullish on Russia, which is a likely winner from the new era.

Week Ahead – Handelsbanken

Global Week Ahead – Scotiabank

US: Forward policy, backward data & earnings * LatAm: An experiment in central bank independence * Asia: Trump and China’s alleged currency manipulation * Europe: Getting sentimental

Weekly FX Sentiment Report – Scotiabank

Weekly Market Outlook – Moody’s

Deregulation Seen to Spur Growth, Trim Risk

Macro Weekly: Let the circus start – ABN AMRO

Here comes Donald Trump. Nobody knows what will happen next, but it will certainly be interesting * Economic data confirms recent trends: improvement confidence, modest rise inflation * ECB on hold, Draghi tells moaning Germans to be patient

Speculative Positioning – Marc Chandler

Speculators Swing Back to Net Long Aussie

FX Outlook – Marc Chandler

Dollar Still Appears to Carving out a Bottom

Macro Comment – Marc Chandler

The Challenging Week Ahead