Welcome to the first trading morning of 2017 and everyone's beginning the new year w/ gusto!
Futures traders say metals are up +0.61% and stock indexes are up +0.97% so what could possibly happen? I mean, gold and silver are back trading around $1,150 and $16 --for now, and while stock indexes have been falling in rising volume for the past week we all know it was nothing but end of the year 'window dressing' (re How Fund Managers’ Year-End Window Dressing Benefits the Market).
No econ reports to write home about, just Construction Spending and ISM Index in a couple hours.
I'll need say, another hour to get some of these posted on the FR, if anyone wants they can tell me which should go up first:
Job Destruction Is the Path To a Bigger Economy - Steve Chapman, Reason
2016 Marks Abandonment of Progress - Jean Pisani-Ferry, Project Syndicate
The Answer to Our Stagnation Hides In Plain Sight - John Tamny, Forbes
Will Trump Run Roughshod Over '17 Expectations? - Michael Hiltzik, LAT
Why Corporations Are Helping Trump Lie About Jobs - Editorial, NYT
My 2017 Prediction? Nothing Will Change - Satyajit Das, Bloomberg View
The Donald Trump Era Corporate Revolt - James Surowiecki, New Yorker
How to Fend Off Medicare Surtaxes & SS Givebacks - Bill Baldwin, Forbes
What Will Stocks Do in '17 If Everything Goes Wrong? - Adam Shell, USAT
Just Set Three Realistic Money Goals for 2017 - Chuck Jaffe, MarketWatch
Wealth Inequality Is Only Growing Worse - Michelle Chen, The Nation
Why It Took $4.5B to Add Three NYC Subway Stops - Nicole Gelinas, TDB
To Save Community Banks, Reform Dodd-Frank - Dennis Nixon, Investor's