Saturday, January 13, 2018

Today's Headlines

  • Abe in Latvia Calls for Pressure on North Korea. The international community should step up pressure on North Korea to help defuse the stand-off over the isolated country’s pursuit of long-range nuclear weapons, Japan’s Prime Minister Shinzo Abe said Saturday during a visit to Latvia. “As the international order founded on the rule of law is being challenged, our two nations need to closely work together to maintain and strengthen the system,” Abe said in a statement after meeting Latvian Prime Minister Maris Kucinskis. The two leaders agreed “on the importance of reinforcing pressure on North Korea,” he said. 
  • Iraq Joins U.A.E., Qatar in Call to Keep Oil Cuts. Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains.
  • Tax Reform to Fuel Rotation to Stocks, JPMorgan's Kolanovic Says. U.S. tax reforms may not have finished boosting stocks yet. Asset allocators should stay strongly overweight equities and underweight government bonds in the near term due to the uptick in global growth and boost to risk-on assets from U.S. fiscal reform, JPMorgan Chase & Co. strategists led by Marko Kolanovic wrote in a note Friday.
Wall Street Journal:
  • Had bullish commentary on (PYPL), (MA), (IT), (PH), (SHW), (PFE), (ABBV), (LLY), (BEN), (BMY), (JNJ), (AAPL), (FB), (AMZN), (GOOGL) and (AMGN).
Zero Hedge:

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