Traders Market Weekly: JAN1 6-22 — Weather, Earnings and Volatility

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    January 16 – 22 2022 FEAR NOT Brave Investors Where have we been and where are we going?

    Join our weekly market thread on Traders Community… A little[See the full post at:

    Traders Market Weekly: Weather, Earnings and Volatility]

    Helmholtz Watson

    Thank you and enjoy the week:

    Moderna CEO says expects to share clinical data on omicron-specific vaccine with regulators in March
    Omicron vaccine still in the works

    If omicron continues to be the more widespread strain of COVID-19 infections (which should be the case) by then, expect vaccine makers to steadfastly roll out a specific vaccine for it in March to April.


    How I love this song …. may God bless the memory of MLK 🙂


    WINTER wonderland in SW VA with foot of SNOW on ground 🙂


    GM all – thank you for the posts CI:)

    Futures market tilting with negative bias
    Rising rates and increased rate-hike expectations undercutting sentiment
    Fed funds futures market now pricing in four rate hikes for 2022; chatter about possible 50 bps hike at March FOMC meeting
    Oil above $85/bbl following Houthi attack on UAE facility
    PBOC cuts medium term lending facility rate 10 bps to 2.85%; BOJ leaves rates unchanged
    Indications in some areas that Omicron wave could be peaking, but disruptions due to Omicron still prominent around globe
    GS down 4.1% following Q4 earnings miss
    XOM up 1.6% with oil futures up; aiming for net zero carbon emissions by 2050
    Ratings changes for: COP, H, SIX, SNOW, UAA, ZS, EAT, NBIX, GPS, ABNB, SHW, CROX, and SOFI
    2-yr note yield above 1.00%; 10-yr note yield flirts with 1.85% before backing down to 1.81%


    S&P Futures vs Fair Value: -50.0
    10 yr Note: 1.818%
    USD/JPY: 114.63 +0.01
    EUR/USD: 1.1395 -0.0011
    Europe: FTSE: -0.8% DAX: -1.2% CAC: -1.1%
    Asia: Hang Seng: -0.4% Shanghai: +0.8% Nikkei: -0.3%
    Gold (1810.30 -6.20) Silver (22.85 -0.07) Crude (85.38 +1.56)


    U.S. Treasuries continued selling in Treasuries has taken place alongside a rising price of oil, making for a combination that is weighing on equity futures. The lower start in Treasuries is likely to lift the 10-yr yield past last week’s high (1.808%) to a level not seen in two years. The U.S. Dollar Index is up 0.1% at 95.39.

    Yield Check:
    2-yr: +5 bps to 1.01%
    3-yr: +6 bps to 1.32%
    5-yr: +5 bps to 1.60%
    10-yr: +4 bps to 1.81%


    WTI Crude: +1.3% to $84.90/bbl
    Gold: -0.1% to $1815.60/ozt
    Copper: -0.3% to $4.407/lb

    EUR/USD: -0.2% to 1.1382
    GBP/USD: -0.4% to 1.3584
    USD/CNH: +0.1% to 6.3553
    USD/JPY: UNCH at 114.64


    Gold at 1,812.30▼ 4.20 (0.23%) has not benefited from a spike in geopolitical risks with rising interest rates. 2 yr Treasury yields 1.06% at pre-pandemic levels. A break of $1800 opens up gold to retest the $1760-1770 & $1730


    Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell

    Goldman Sachs, America’s largest investment bank reported worse than expected fourth earnings Tuesday. It was the first miss by $GS in seven quarters as trading revenue fell and gains on its portfolio of equity investments diminished. The trading goliath followed three of the largest U.S. lenders, JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results last week. Trading activity has been weak. Both $JPM and $C saw fixed- income trading down double digits at both banks.

    Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell


    European equity closes a sea of red

    French CAC -0.8%
    German DAX -0.9%
    Italy MIB -0.6%
    Spain IBEX -0.6%
    UK FTSE 100 -0.5%


    Huge level here for Rusty here on the weekly:




    Dow 35,368.47 -543.34 -1.51%
    S&P 500 4,577.11 -85.74 -1.84%
    Nasdaq 14,506.90 -386.86 -2.60%
    GlobalDow 4,252.87 -48.82 -1.13%
    Gold 1,813.80 -2.70 -0.15%
    Oil 85.79 1.97 2.35%


    and TWO for TUESDAY … as we were save by 0% interest rates in 2020 & 2021
    and whatever is done in 2022 —- must be done carefully 🙂

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