-- Asian stocks were poised for a mixed opening on Monday as traders grappled with continued political upheaval in South Korea and as investors awaited signs of fresh stimulus from Beijing. “A hot US CPI print may not necessarily derail a cut at next week’s FOMC meeting” but it may effect the outlook for further easing and move the dollar. …
-- It’s shaping up to be a good week for blue-chip and small-cap stocks which led Friday’s advance as this year’s big tech winners struggled to gain ground. The dollar rose, on course for an eighth straight week of gains, the currency’s longest run of the year, while Bitcoin set an all-time high in its race toward the $100,000 mark. …
Beneficiaries of the incoming administration’s looser regulation and business-friendly stance put forth strong showings this week. Stocks gained while Bitcoin crushed doubters and the dollar extended gains into an eighth week, the currency’s longest run of the year. Fundstrat’s Thomas Lee sees room for more gains in small-caps and cyclicals given President-elect’s plans for deregulation and general “animal spirits.” He …
