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02Jan2018 Market Update: Wall Street Off To Strong Start In 2018 As Techs Gain, Stock-market Volatility Could Return In A Big Way In January: Goldman Sachs

Written by Gary

US equities markets were higher on the first trading session of the year (SPY +0.5%), driven by technology and consumer discretionary stocks, setting the stage for another year of robust gains for equities.


Here is the current market situation from CNN Money

North and South American markets are broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.64% while Mexico's IPC is up 0.92% and U.S.'s S&P 500 is up 0.62%.

Traders Corner - Health of the Market

What Is Moving the Markets

Here are the headlines moving the markets.

Wall Street off to strong start to 2018 as techs gain

(Reuters) - Wall Street's major indexes were higher on the first trading session of the year on Tuesday, driven by technology and consumer discretionary stocks, setting the stage for another year of robust gains for equities.

Boeing talks not considering change of control at Embraer: paper

SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA do not contemplate a change of control at the Brazilian planemaker and are focused on joint ventures and joint business agreements, a Brazilian newspaper reported on Tuesday.

LeEco founder defies China return order, stays in U.S. for car fundraising

SHANGHAI (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress.

BP takes $1.5 billion hit over U.S tax changes, joining Shell

LONDON (Reuters) - Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday.

Airbus delivered over 700 jets in 2017, met target-sources

LONDON (Reuters) - European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said.

Speculators raised net short bitcoin positions in Dec 26 week: CFTC

NEW YORK (Reuters) - Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by experts' warnings of a bubble, according to data from the Commodity Futures Trading Commission released late Friday.

Hyundai Motor, Kia Motors flag slow sales recovery in 2018

SEOUL (Reuters) - South Korea's Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China.

Ryanair applies for UK license to shore up routes before Brexit

DUBLIN (Reuters) - Ryanair recently applied for a British air operating license in a move it said on Tuesday may be required to keep its small domestic UK service operating in the event of a hard Brexit.

Oil hits highest since mid-2015, then dips

LONDON (Reuters) - Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades.

Nasdaq Jumps, Dow Dumps As VIX Plunges Back Below 10

Nasdaq Jumps, Dow Dumps As VIX Plunges Back Below 10 Tyler Durden Tue, 01/02/2018 - 12:10

Gas Wars - Will The Eastern Med Be The Scene Of The First Conflict Of 2018?

Gas Wars - Will The Eastern Med Be The Scene Of The First Conflict Of 2018? Tyler Durden Tue, 01/02/2018 - 11:53

"Black Cities Are Still Bleeding To Death": Baltimore Pastor Blames Police Absence For Surge In Killings

"Black Cities Are Still Bleeding To Death": Baltimore Pastor Blames Police Absence For Surge In Killings Tyler Durden Tue, 01/02/2018 - 11:33

Revisiting Bob Farrell's 10-Rules Of Investing

Revisiting Bob Farrell's 10-Rules Of Investing Tyler Durden Tue, 01/02/2018 - 11:16

Bright Side of Higher Treasury Yields

There could be serious problems in financial markets if long-term interest rates rise in 2018. There could be serious problems if they don't.

Games Growth Not a Given in China

Selling smartphone games in China has been one of the best businesses in the world in the past few years. But can the companies involved, like tech giant Tencent, keep hitting the high scores?

Europe's 2018 Challenge: Keeping the Good News Coming

The eurozone economy performed so well in 2017 that some analysts started using the term "Euroboom" unironically, while the euro strengthened and European stocks rose. The challenge for 2018 is to maintain momentum and avoid any setbacks that might damage the goodwill built up in 2017.

The Tell: Stock-market volatility could return in a big way in January: Goldman Sachs

The U.S. stock market wasn't just unusually quiet in 2017, it was historically quiet, with basically no volatility or pullbacks, and major indexes shrugging off all manner of headwinds as they rose to a record number of records. However, the calm of the market may soon be coming to an end.

Currencies: Dollar slumps for 5th straight day to lowest since September

The dollar slumps on Tuesday, the first full trading day of 2018, with a key dollar index falling for a fifth-straight session to trade at a more than three-month low as traders pondered what's next for interest rates and the economy.

Do this one thing if you want to succeed with your New Year's resolutions

Most Americans have three things they want to achieve in 2018.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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