Recap 1-16-13

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
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