Greetings,
United States: The January CPI report was a bit weaker than the markets were expecting.
• Headline CPI:
Treasury yields pulled back.
China: The renminbi keeps grinding higher (the offshore yuan shown below).
Energy: Technicals point to downside risk for WTI crude.
Equities: Goldman’s non-profitable tech index is approaching 250% year-over-year performance.
Credit: Some of the most leveraged companies will be refinancing their debt as yields decline below coupon levels.
Food For Thought: US drug overdoses:
Edited by Devon Lall
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