Recap 1-16-13

~ globalmacrotrading

Commentary:

None

Notable:

  • JPM & GS both beat, on earnings and revenues.
  • US Home Builder Sentiment was stable at 47 in Jan vs 48 exp.
  • FT talks about how the Soc Gen chief strategist, a notorious bear, is turning more sanguine. Albert Edwards sees a “once in a lifetime opportunity” to buy European stocks. He still sees the SP500 falling below 666.

Upcoming Data:

  • Thu: Australia Employment, US Housing Starts, US Jobless Claims, China Data
  • Fri: UK Retail Sales, US UMichigan Confidence
  • Mon: BoJ
  • Tue: German ZEW, US Existing Home Sales, Australia CPI

Published by globalmacrotrading

I am a G20 Global Macro Portfolio Manager in NYC. My background includes stints at a major investment bank, a commodities market maker, and one of the world's largest global macro hedge funds.