Happy New Year!

2022 - 12 - 30

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Image courtesy of "FXStreet"

Happy new year [Video] (FXStreet)

US Dollar: Mar '23 USD is Down at 103.420. Energies: Feb '23 Crude is Down at 78.24. Financials: The Mar '23 30 Year T-Bond is Down 9 ticks and tradin.

Trading in the commodities markets involves substantial risk and YOU CAN LOSE A LOT OF MONEY, and thus is not appropriate for everyone. Despite the cautious market mood, the US Dollar is struggling to find demand on Friday and helping the pair limit its losses. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. The S&P contract is the Standard and Poor's, and the purpose is to show reverse correlation between the two instruments. Gold is trading Lower which is not correlated with the US dollar trading Down. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. The S&P contract is now Mar' 23 as well. Currently all of Asia is trading Higher with the exception of the Indian Sensex exchange which is Lower. Please note: the front month for the ZN is now Mar '23. The S&P is Lower, and Crude is trading Lower which is not correlated. If you look at the charts below ZN gave a signal at around 10:30 AM and the S&P gave a signal at around the same time. The Financials should always correlate with the US dollar such that if the dollar is lower, then the

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Image courtesy of "Forbes"

Joe Biden's Happy New Year In Federal Regulation (Forbes)

Federal Register page counts and final rules and regulations are rising under Joe Biden. Signs point not merely to a return to pre-Trump levels of intense ...

[Thirteen-point plans and the like](https://www.forbes.com/sites/waynecrews/2020/05/10/a-13-point-trump-agenda-for-economic-stimulus-by-reforming-regulation/?sh=77789654a7a2) should become the order of the day. [subset of rules known as “signfiicant”](https://cei.org/blog/rules-and-regulations-increase-45-percent-during-biden-administration/) and “economically significant,” as well as at [rules affecting small business](https://cei.org/blog/setting-a-baseline-for-proposed-rules-affecting-small-business/). Again, this is a situation [Congress should address in a broader campaign for regulatory reform, such as the Competitive Enterprise Institute’s (yep that’s my organzation) own “Free to Prosper” Agenda for lawmakers](https://cei.org/studies/free-to-prosper-118/). [Options range](https://www.forbes.com/sites/waynecrews/2020/11/11/some-trump-executive-orders-on-regulation-need-to-be-kept-no-matter-what/?sh=62d3cd7951ff) from a specialized [office](https://www.forbes.com/sites/waynecrews/2021/10/25/congress-should-charter-an-office-of-no-to-counter-federal-overregulation/) chartered to counter regulatory orthodoxy and the pretense of “market failure” at every juncture, to a [regulatory budget](https://republicans-budget.house.gov/uploadedfiles/crewstestimony.pdf), to forcing Congress to approve significant or controversial rules before they bind anyone. These significant rule counts are apt to rise as the chickens come home to roost [on the various legislative enactments of the past three years](https://www.forbes.com/sites/waynecrews/2022/06/01/inflation-and-bidens-whole-of-government-price-hike/) on the likes of infrastructure, inflation and “innovation.” The shocking and arrogant extent of Biden’s “Whole-of-Government” approach to transformation of the United States is detailed in the [2022 edition](https://cei.org/wp-content/uploads/2022/10/10000_Commandments_2022.pdf) of Ten Thousand Commandments. For example, the 3,038 rules of Trump in 2020 have been noted; per the online database, however (superceded by the historical tables), the figure remains depicted as 3,353 (as of now, but watch out), seemingly ascribing more rules to Trump than he may actually have had. Of Biden’s 3,168 rules completed 2022, [257 were deemed “significant” by agencies and the Office of Management and Budget (while 906 rules overall affect small business](http://www.tenthousandcommandments.com/p/federal-regulation-updates.html)). Even as of today, the online Federal Register database registers 3,257 rules for 2021 (a year ago). Even Trump’s bloated final Federal Register of 2020 contained a low rule count compared to everything else one observes historically (”only” 3,038 rules). That was the elephant (and donkey) in the room during Trump’s last year. (My own [adjusted tally](https://www.tenthousandcommandments.com) is already slightly lower, at 80,597 pages.)

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Image courtesy of "Forbes"

Happy New Year As Electric Vehicle & Auto Companies Celebrate ... (Forbes)

Asian equity markets ended the week and the year on a positive note though South Korea was closed for early New Year's celebrations, and the Philippines was ...

Shanghai, Shenzhen, and the STAR Board converged to close +0.51%, +0.37%, and -0.24%, respectively, on volume that fell -1.67% from yesterday, which is 65% of the 1-year average. CNY had a strong day versus the US dollar, gaining +0.95% to close at 6.90 CNY per USD, the treasury curve flattened slightly, and copper fell -0.3%. The Hang Seng and Hang Seng Tech indexes gained +0.2% and +0.52%, respectively, on volume that fell -4.11% from yesterday, which is 70% of the 1-year average. The top-performing sectors were real estate, which gained +2.67%, industrials, which gained +1.08%, and tech, which gained +0.91%. The uptrend in traffic is firmly in place, while subway usage comes back slower. According to Bloomberg’s poll of economists, China’s GDP is forecasted to be 4.8% and its CPI 2.3%, while the US’ GDP forecast is 0.3% and CPI 4%. Main Board short selling turnover declined -13.63% from yesterday, which is 67% of the 1-year average as 17% of turnover was short turnover. All sectors were positive as utilities gained +2.15%, financials gained +1.82%, and consumer staples gained +1.73%. Mainland China posted small gains on little news, as all sectors were up for the day. The top-performing subsectors were media, food/staples, and insurance, while retail, food/beverage/tobacco, and pharmaceuticals were among the worst-performing. Hong Kong managed a small gain, though internet stocks did not gain nearly as much as their US-listed counterparts did yesterday. Meanwhile, outbound international travel from China appears to have picked up again.

Happy New Year (Barchart.com)

Financials: The Mar '23 30 Year T-Bond is Down 9 ticks and trading at 125.07. Indices: The Mar '23 S&P 500 emini ES contract is 54 ticks Lower and trading at 3859.00. Gold: The Feb'23 Gold contract ...

Crude and the markets are now reverse correlated such that when the markets are rising, crude drops and vice-versa. Market Tea Leaves is a daily newsletter that is dedicated to your trading success. All information and data in this article is solely for informational purposes. As I write this the crude markets are Lower, and the S&P is Lower. Remember that crude is the only commodity that is reflected immediately at the gas pump. The S&P is Lower, and Crude is trading Lower which is not correlated. The dollar is Down, and Crude is Down which is not normal, and the 30 Year T-Bond is trading Lower. The S&P contract is the Standard and Poor's, and the purpose is to show reverse correlation between the two instruments. Crude oil is trading Lower, and the S&P is Lower. If you look at the charts below ZN gave a signal at around 10:30 AM and the S&P gave a signal at around the same time. Gold is trading Lower which is not correlated with the US dollar trading Down. This is one of the reasons I don't trade equities but prefer futures.

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Image courtesy of "Xinhua"

Mideast in Pictures: Happy New Year 2023 in Mideast (Xinhua)

Tourists pose for photos with a Santa-like camel at the Giza Pyramids scenic spot in Giza, Egypt, on Dec. 30, 2022. Camels are dressed as Santa Claus to ...

Despite the difficult economic conditions, boutiques in Cairo, the Egyptian capital, are thronged with customers who come to buy gifts and decorations for the upcoming New Year and the Coptic Christmas that falls on Jan. (Photo by Mustafa Kaya/Xinhua) Camels are dressed as Santa Claus to attract tourists and to celebrate the upcoming New Year.

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