cry havoc
market vibes
January 20…)
in the news
The rich and famous will grace the media for a few days. AI returns to the fore. Jensen Huang will wear his signature rebel leathers on Fox News interviews. Trump is expected to make a de-facto keynote speech on Wednesday at 2:30 PM CET (8:30 AM EST). We should see a transparent price for Greenland (500 billion?) at some point. He has a team of 300. No doubt 50 lawyers with pen and ink at the ready.
Bloggers reporting on Telegram are outing Ukrainians spending millions with their looted swag. Klaus Schwab circulated a tone-deaf post yesterday saying (I paraphrase) “rich people are smarter than poor people therefore please trust us to manage these complicated problems for a better world.”
In other news
…Metals are flying, the dollar is lower as Japan becomes untethered. Stocks at the edge of the abyss. let’s get started…
in the markets
Setting the table for this morning’s comments. Interest rates in Japan are channeling silver. Longer dated Japanese debt yields more than Germany. Katayama is playing down the sudden meltdown at Davos: “Japan will maintain fiscal sustainability while increasing spending.” Translation, “Let’er rip.”
Bloomberg blames Trump in a sequence of op-ed screeds. I don’t see that connection but US bonds are taking a hit and USD/JPY is a little weaker.
EUR/USD is sharply higher. DXY is correspondingly lower.
US treasuries are lower. I am bullish on bonds so I’ll probably start nibbling.
Silver is making new all-time highs in all fractal samples…
