Tuesday, January 10, 2017

WEDNESDAY 1/11/17; Mexican Peso and Turkish Lira New Record Weakness; SVU; President-Elect Trump Press Conference; Pharma and Biotech Stocks Plummet; US 10-Year Note Auction; Dow 20 K Watch; COMPQ (Nasdaq Composite) All-Time Closing High; NDX (Nasdaq 100) All-Time High; KBH

Asia and Aussie markets are trading mixed in the early going. NIKK +0.4%. Topix +0.5%. ASX 200 +0.4%. KOSPI explodes +1.8% higher. China is soft. SSEC -0.2%. CSI300 -0.2%. Hong Kong rallies. HSI +0.8%. Taiex is flat. Straits times +0.2%.

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

The republican-controlled Senate takes the first step in repealing and replacing the troubled Affordable Care Act (ACA; Obamacare). Committees will now develop legislation for the new plan; perhaps it will take on the moniker “Trumpcare.”

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