TOP MARKETS NEWS: Week 12/17 – 12/23

Weekend 12/22 & 12/23

JPMorgan: This Was The Biggest Bearish Signal That Everyone Missed – Zerohedge
NY Daily News mocks Trump as ‘The Grinch’ over shutdown – thehill
Deutsche Bank Lists The Top 30 Risks To The Market In 2019, And One Surprise – Zerohedge
Senate adjourns with no spending deal in sight, extending government shutdown until Dec. 27 – usatoday
US government shutdown continues as fight over Trump’s border wall stalls spending talks – cnbc
18 Trillion (And 9) Reasons To Fear The Global Recession – Zerohedge
Loan Market Is Freezing: Banks Fail To Sell $1.6 Billion In Loans – Zerohedge




Friday 12/21

Stock market sell-off continues as growth fears hit confidence – business live – guardian

Shutdown Begins As Trump, Democrats Wrestle Over Border Wall – Zerohedge
Trump has lost his once golden touch with investors: ‘He’s just created so much uncertainty’ – cnbc

Nasdaq in bear market, first of the three major U.S. indexes – Reuters

Nvidia’s 54 percent plunge this quarter makes it the biggest loser in S&P 500 – cnbc

Trump’s Tax Cuts Have Boosted Bottom Lines, But Not Much Else – Bloomberg

One year after the tax cuts, the market is worse and the economy is a mixed bag – cnn

China pledges further monetary stimulus in 2019 – Marketwatch

2018 Is Officially “The Worst Year On Record” With 93% Of All Assets Down – Zerohedge
What a government shutdown could mean for stock market – Marketwatch
“A Sea Of Fed”: Record Outflows Confirm “Policy Mistake” – Zerohedge
Bridgewater CIO Sees “Near Recession Level Growth In 2019” – Zerohedge

Durable Goods Orders Disappoint – Business Spending Tumbles In November – Zerohedge

Q3 GDP Revised Lower To 3.4% As Ex-Inventories GDP Rises Just 1.0% – Zerohedge

China’s financial commission denies tax cut rumour during key economic meeting – scmp

Nomura says China’s about to juice its property market again – businessinsider



Thursday 12/20

Business Live – guardian

Nike shares jump 8% after earnings, revenue beat – cnbc
Fed raises rates and sticks with its solid economic outlook – invesco
Watch Out Below: For The First Time In Three Years, CTAs Just Flipped Short – Zerohedge

Major Banks Suspected of Collusion in Bond Rigging Probe – wsj

The Top Performing Currency In 2018 Has Been… The Japanese Yen – Zerohedge
David Tepper: Fed is done supporting stock prices, so cash is ‘not so bad’ as an investment now – cnbc
Philly Fed manufacturing index in December weakens to more than two-year low – Marketwatch

Markets suffer worst year since global financial crisis – Reuters

Airbus Shares Tumble on Report That U.S. Has Begun Bribery Probe – Bloomberg

Oil slumps 3 percent, near lowest in a year as stock markets sink – cnbc
Morgan Stanley says it’s ‘outright bullish’ on Asian markets – cnbc
A German Lender’s Woes Could Ripple Through the Banking System – Bloomberg
Swedish Riksbank Raises Rates for First Time in Seven Years – Bloomberg

The $48 Billion Sell-Off That Sent Japan Stocks Into Bear Market – Bloomberg

BOJ holds rates amid uncertainty over global economy – asianikkei



Wednesday 12/19

Business Live – guardian
Italy’s bonds, banks and equities boosted by budget breakthrough – cnbc

Dow Drops 352 Points After Fed Refuses to Go Soft – barrons
QT to continue — Fed plans to keep winding down the balance sheet at same rate – Marketwatch

Wall Street Reacts To A “Hawkish” Fed: “I Think People Are Scared”  – Zerohedge

Facebook Shares Plunge After D.C Sues Over Cambridge Analytica Scandal – Zerohedge
Romanian Stocks Plunge on Government’s $2.5 Billion Tax Plan – Bloomberg
Eli Lilly Leaps, General Mills Jumps, and 6 More Wednesday Morning Movers – barrons

A tentative deal is possible by March, but tensions will likely flare up again. – PICTET 

“Jarring” FedEx Outlook Cut Suggests “Severe Global Recession” – Zerohedge

Democrats, Republicans look for pathway to avoid a government shutdown as deadline nears – usatoday
Argentina in recession as economy shrinks again – straitstimes
A regional manufacturing report in China has gone missing, raising concerns the economy is much weaker than the government will admit – businessinsider

Shares of SoftBank mobile unit slide after massive $18 billion IPO – Marketwatch
SoftBank unit marks Japan’s largest-ever IPO, but sinks more than 14 percent – cnbc
China’s 2019 Growth Strategy Will Start Emerging This Friday – Bloomberg
‘The real concern is what comes next’: Markets are mixed as investors shift focus to the last Fed meeting of 2018 – businessinsider
US companies are now paying $US6 billion a month in tariffs — this chart shows the impact of Trump’s trade war – businessinsider


Tuesday 12/18

Stock markets fall as growth worries deepen – business live – guardian

China embarks on second round of soy buying post Trump-Xi truce – Reuters

Micron earnings come up short of diminished sales expectations – Marketwatch
FedEx drops nearly 5% after lowering earnings guidance for 2019, cites slowdown in global trade – cnbc
S&P 500 closes near its low for the year in volatile session on Wall Street – cnbc
The strong economy is keeping Donald Trump afloat. What happens if it tanks? – cnn
In the Switch to Electric Vehicles, Expect a Few Giants to Crash – Bloomberg
Toronto Home Prices Just Plunged At A Rate Not Seen Since 1996 – Zerohedge
China’s Economy Is Slowing Down, but These Sectors Look Safe – barrons
Peugeot, Ferrari Defy Trade Concern to Top European Autos Index – Bloomberg
After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite – cnbc

Tilray Goes Global With Novartis Marijuana Sales Partnership – Bloomberg

China May Move Up Date for Local Bond Issuances – caixin

Global investors make record shift into bonds – ft
Oil drops 4 percent on oversupply, equities sell-off – Reuters
German Debt Sales Rise as Merkel Refinances ‘Bad Bank’ Fund – Bloomberg
German business confidence slumps in December – Marketwatch
German economy cooling but no recession looming: Ifo economist – Reuters
Xi Jinping: China to stick to Communist rule and its own path to cope with ‘unimaginable’ perils – scmp
The stock market is on pace for its worst December since the Great Depression – cnbc



Monday 12/17

Business Live – guardian

The Next Economic Superpower: China’s 40-Year Rise, in Photos – Bloomberg
Foreigners Dump US Treasuries As They Liquidate A Record Amount Of US Stocks – Zerohedge
Why 2019 could be a stellar year for gold – yahoo
Xerox Becomes a Fallen Angel as Moody’s Cuts Rating to Junk – Bloomberg
Where the World’s Smart Money Made and Lost It in 2018 – .bloombergquint
J&J announces $5 billion share buyback program after report wipes out $50 billion in market value – cnbc
US and China feud. Canada pays the price – cnn
Wall Street Hits New 2018 Lows as Fed Decision Looms Over Markets – nyt

“This Is A Bear Market” – Stocks Slump After Gundlach Unleashes Truth-Bombs On CNBC – Zerohedge
Oil futures end lower, with U.S. prices at their lowest in over a year – Marketwatch
Why Powell Is Trapped: “If The Dot Plot Shows A Reduction In Hikes, Bond Markets Won’t React Rationally” – Zerohedge
PG&E Stock Slumps, Goldman Sinks and 7 More Monday Morning Movers – barrons
Empire Fed Plunges Most Since Brexit, Hits 19-Month Lows – Zerohedge
European markets drop, as gloom spreads to online retailers – Marketwatch

Annual inflation down to 1.9% in the euro area – europa
UBS warns the era of US dollar ‘exceptionalism’ will soon be over – businessinsider
Asos warns on sales and profits after tough November trading – telegraph
Commodities Sink to 18-Month Low as Investors Weigh 2019: Chart – Bloomberg
China trade steps seen as good start but leave core U.S. demands untouched – Reuters
Industrial production in Turkey declined 5.7 percent in October – hurriyetdailynews
Fed, BoE and BoJ in focus this week – Rabobank – fxstreet
Malaysia files criminal charges against Goldman Sachs and two ex bankers, saying it seeks fines ‘well in excess’ of $2.7 billion – businessinsider
IMF says global economic growth a bit slower than October forecast – forexlive
Key Events In The Coming Week: All Eyes On The Fed (And China) – Zerohedge
Sydney and Melbourne home prices have tumbled 1.6% in a month – businessinsider
Indonesia books $2.05 billion trade deficit in November – jp
7 million people in China left cities to move to rural areas and take up farming last year, and it reveals a growing trend – businessinsider
The global stock market sell-off was ‘not an isolated event’ — expect more sharp falls next year – cnbc