U.S debt ceiling limit Thursday / Kuroda in Davos on Wed / SPX500 cluster of resistance 4000/4080

The BoJ meeting is the biggest macro event this week/month.. JGB's could have a proper tantrum like in 2013 and hit 1% yields in the 10y area. BoJ spent about -75bn$ in last 2-34 sessions buying JGB's, JPY has recovered about half of what was lost since March 2020 (USDJPY has done a lot of damage already though...YCC change is coming ! only question is when.!) - Japan December PPI +0.5% m/m (expected +0.3%) and +10.2% y/y (expected +9.5%)

The University of Michigan consumer sentiment improved by 4.9pp to 64.6 in early January from 59.7 in December

EV price war shaping up in 2023 - if you wanted an EV car, you might want to wait a bit

UK/EU...There are growing indications that the EU and UK could, later today, set out an agreed framework on resolving the most contentious issues around the Northern Ireland Protocol; diplomats have stressed that there is still an enormous amount of technical work to be done before an overall agreement is reached

JPMorgan Chase on Thursday shut down the website for a college financial aid platform it bought for $175 million after alleging the company’s founder created nearly 4 million fake customer accounts

Fitch: ECB Guidance, Core Inflation Point To Higher Terminal Rate

With earnings season set to kick into full-swing in the next few weeks, it's interesting to note how deeply pessimistic earnings sentiment has become/Thread and by pretty much ANY survey, it is the most anticipated recession in history..

FED's net interest costs increased to $102.4bn in 2022, up from just $5.7bn in 2021

U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress

Bitcoin has jumped out of January’s starting gates with a climb of more than 25%

BRL : largest real rates levels across the globe - see Thread below

Markets are pricing 200bps of cuts from Fed by the end of 2024 >>> basically that would be same levels as ECB - this looks nuts !!? and because of this, markets have embraced '#Goldilocks,' with investors assuming that a soft landing means positive #earnings growth

VIX had the lowest weekly close in over a year

USDJPY has done a lot of work already ahead of BoJ, dragging all USD pairs lower, beware a little from here on USD shorts, in fact TP on some or most, reassess on Wed/Thursday

HSI now looks better on a 12-month perf chart than the S&P500 - pretty wild - was so oversold in Sep/Oct, when USD peaked too, inflation peaked etc

SPX is closing in on big levels. Zoom in and you see the 200 day moving average as well as the negative trend line. The entire 4000-4080 area is basically a big resistance area / see below chart