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The U.S. industrial production monthly rate for December will be released in ten minutes.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.6 occurred at 21:46 on January 16 near Ninger County, Puer City, Yunnan Province (23.10°N, 101.45°E). The final result is subject to the official rapid report.On January 16, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a telephone conversation with Uzbek Foreign Minister Saidov at the latters request. Wang Yi pointed out that at the start of 2026, the international situation is becoming increasingly turbulent, with the shadow of war looming ever larger, and unilateral bullying rampant everywhere. China and Uzbekistan should strengthen strategic coordination, deepen strategic cooperation, resolutely focus on their own affairs, support each other in safeguarding their core interests, deepen mutually beneficial cooperation in various fields, and closely coordinate on international and regional issues to resist the law of the jungle where the strong prey on the weak, uphold the basic norms of international relations, safeguard the leading role of the United Nations, uphold international fairness and justice, and maintain regional peace and stability. This year marks the 10th anniversary of the establishment of the comprehensive strategic partnership between China and Uzbekistan, and both sides should jointly design and expand the next decade of China-Uzbekistan relations.According to Politico: The ban imposed by House Republicans on voting against Trumps tariff policies will expire at the end of this month.Venezuelan opposition leader Machado: Tell US President Trump to trust the Venezuelan people.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

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