Happy New Year!

(1) The sixth correction. (2) Trump calibrates China trade talk updates to boost stock prices. (3) Fed officials all stressing “patience” and “flexibility.” (4) Reduced earnings estimates are easier to beat. (5) Highly correlated: Oil price goes up, dollar goes down, EM stock prices go up. (6) Risk-on making a big comeback for stocks and credit. (7) 2016 all over again? (8) Government shutdown impacting economic data availability. (9) Available data showing growing economy. (10) Data-dependent Fed has enough to monitor economy. (11) Beige Book is colorful. (12) Movie review: “Stan & Ollie” (+ +).