January 13, 2017 - Issue #858

In This Issue

1. Vote For Us!
2. Jan/Feb 2017 Global Markets Preview: "Winter is Coming"
3. Economic Calendar

MLK Holiday Trading Schedule - Enjoy the Holiday!!

1. Cannon Trading is nominated for both "Broker of the Year" as well as "Best Blog"

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Why and How Should You Vote? Lend support to the companies that provide your favorite financial products and services -- in preparing this ballot, you ensure the validity of the winners selected. Each voter* will be registered in the STAR Awards Raffle for a chance to win a prize package valued at over $10,000 -- our way of thanking you for your time. Only one ballot submission permitted per voter, per day.

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2. Jan/Feb 2017 Global Markets Preview: "Winter is Coming"

From our friends at TradeTheNews.com

The poll-defying outcome of the US election has sent ripples across the markets for the last two months. Since November 8, the dollar index is up over five percent and bond yields have spiked, as investors sold assets to buy dollar-denominated ones, betting the new US government will enact measures that boost economic growth and inflation. This shift wiped out well over $1 trillion of value in the global bond markets, even as stock indices soared to new record highs.

In the same timeframe the other late-2016 surprise - OPEC actually agreeing to a produce cut scheme - has firmed up energy prices. That along with some long overdue signs of wage growth has given some central banks the cover they need to begin contemplating pausing or even reversing their expansive monetary stimulus programs.

For various reasons, the stock market has had three bad Januarys in a row, and January 2017 may fall prey to the same pattern. The market euphoria over a Republican sweep that helped lift the DJIA to nearly 20,000 by year end was in part due to investors waiting to sell their winners until 2017 when the presumption is that capital gains will be lower under the new Administration. That could translate into delayed portfolio rebalancing in early January, and that selling may be exacerbated by traders starting to consider potential policy missteps by the Trump Administration which don't appear to have been factored in over two months since the election. At the first sign that the Republican love fest in Washington has soured investors may turn tail and run.

Read Full Report!

3. Economic Calendar

Source: Moore Research Center, Inc.

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!