Daily Alert – Tuesday 17th January 2023: Goldman results drag down the Dow

Mark NugentDaily Alert, Jan 2023

Daily Alert – Tuesday 17th January 2023: Goldman results drag down the Dow

Good evening.

Risk sentiment was indecisive yesterday and remains so today.

Goldman Sachs missed their earnings estimate and their share price is down 7 percent. They are a well-respected company, so their travails have dragged down the rest of the banking sector and the Dow index itself.

German Inflation shows no sign of abating, being stuck at 9.6 percent, unchanged from the prior number. The EUR falls.

CPI in Canada misses by a mile (5.4 percent vs the expected 6.1 percent). That should make the Bank of Canada pause for breath.

I placed no trades as it was too quiet.

I’ll be back tomorrow, where the highlight is UK inflation.

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