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US: What to Watch

MARKET INSIGHT
With Fed in media blackout re: policy and limited data (Empire Mfg, NAHB housing index, TICS flows) markets be keeping close eye on headlines:
  • Potential tail risk: geopol tension between US and allies vs. Russia over Ukraine invasion fears, troop build-up, etc. SoS Antony Blinken traveling to Ukraine this week.
  • Latest equity earnings cycle kicked off late last week, looking for banks issuing more debt after announcing. Citibank 3pt today after earning annc last Friday.
  • US Politics for week: voting rights, bill markup on big tech (American Innovation and Choice Online Act), addressing filibuster amid Democratic infighting.
  • Energy: West Texas crude (WTI) making new highs +1.65 at 85.47 at the moment, nevertheless, OPEC Jan report for '22 released this morning shows demand forecast unchanged.
  • Never far from the front burner: Covid headlines re: lockdown curbs, infection rates.

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