Happy New Year.
Twenty seventeen has started off with more of the same. European markets are surging ahead, led by the DAX and FTSE MIB. The dollar is higher by 0.5% v the euro and bitcoins broke 1,000 to the upside — making the Vinklevoss twins very happy assholes to start the new year.
One notable laggard is Brazil’s Bovespa index, currently off by 1%.
The first week of January is very important, as it sets the tone for the year. So far, so good.
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