Our call of the day offers some food for thought on a couple of the market’s biggest and most popular players: what if stocks have peaked and are now headed for the ‘dead’ zone.
If it's not Powell, then it's another Fed speaker.
If it's not a Fed speaker it's Kudlow.
If it's not Kudlow it's Mnuchin.
If it's not Mnuchin it's Trump.
If it's not Trump it's an unconfirmed headline.
Constant efforts to happy talk markets higher.
Smells desperate & blatant.
— Sven Henrich (@NorthmanTrader) January 22, 2019
Fang Xinghai, vice chairman of the CSRC, told the winter Davos Forum, "This year China's economy will slow down due to trade uncertainty, real estate market slowdown, etc., but this is a necessary adjustment. It may stay at 6% this year, and 6% is not very slow." #Davos2019 pic.twitter.com/FXAhNlD6hc
— Yicai Global 第一财经 (@yicaichina) January 23, 2019