Monday, January 9, 2017

TUESDAY 1/10/17; China Inflation Data; Turkish Lira Record Low; Mexican Peso Record Low; Another FTSE Record High; COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) New All-Time Highs; Dow 20K Watch; Wholesale Trade; JOLTS Report; 3-Year Note Auction; President Obama Farewell Speech

Asia and Aussie markets are trading mixed in the early going many indexes are flat. Japan is trading after yesterday’s holiday the NIKK up +0.1% and Topix up +0.2%. Otsuka Pharma +9%. Takeda Pharma gains +1.4% after yesterday’s news of buying ARIAD Pharma. ARIA jumped a humongous +73% in the States yesterday.

[Text is redacted. Purchase the 2017-01 chronology to enjoy January's economic and market history including Dow 20K and SPX 2.3K.]

At 9 PM EST (2 AM London Wednesday morning; 3 AM Frankfurt; 11 AM Tokyo), President Obama says farewell to the presidency in his final official speech. The president has been overshadowed by Trump’s larger than life personality which dominates the daily news flow. The president is embellishing his legacy.

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