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FA Notes Friday January 18, 2013

January 18th, 2013

S&P +0.34%

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Macro
University Michigan consumer sentiment 71.3 vs. 75.0 est, 72.9 prior
One year inflation expectations 3.4% vs. 3.2% prior month
China GDP 7.9% vs. 7.8% est., 7.4% prior

Market faded off the open in the morning on a weak sentiment number and a poor reaction to mixed INTC/COF earnings reports. Around mid-day news leaked out that the House Republicans would kick the debt ceiling can another 3 months with a vote next week, which rallied the market rest of the day.

housing

Kyle Bass: long U.S. housing, still hates Japan

Key events next week: Bank of Japan decision January 22nd, EU manufacturing PMIs January 24th
Earnings: GOOG IBM ISRG TXN COH AAPL NFLX SNDK WDC

Investor sentiment: 9


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