Christopher Garliss

Economic Calendar : (Events highlighted in bold are those I view as the most important.) (All times are ET) There are 57 S&P 500 Index member companies scheduled to report earnings this week.   Monday : Markets are closed in Canada, China, South Korea, and the U.S.   ECB’s Lagarde (President) Speaks  (Saturday and Sunday) Japan – GDP (Preliminary) for 4Q Japan – Industrial Production for December Switzerland – GDP for Q4 (3 a.m.) Eurozone – Industrial Production for December (5 a.m.) Fed’s...

Ten Stories Moving the Market : Beijing has been urging Chinese banks to scale back their private U.S. Treasury holdings in an effort to reduce the country’s reliance on America ; the government is worried about lingering tensions over trade relations, technology, and Taiwan – Bloomberg . ( Why you should care – a strengthening yuan could further damage trade with the U.S. as goods manufactured in China would become increasingly expensive ) The Federal Reserve is on track to continue forward...

January delivered just 130,000 new hires. A normal January adds closer to 201,000. When the year opens this soft, the annual data usually follows. Sometimes the year reveals its direction early, and this one isn’t wasting any time… This year is already off to a weak start from an employment standpoint. As I observed last week, payroll processor ADP’s monthly employment metrics showed a gain of just 22,000 jobs, far below the average January gain of 204,000 since 2011. In five of the six prior...