Forecasts were calling for the index to improve from a reading of -14.5 in December up to -5 this month. Instead, the headline reading collapsed down to -43.7.

The USDA unloaded some surprising bearish data as funds heavily sold corn, soybeans, and soybean meal ahead of the negative data Friday, though speculators had been active sellers along with the funds.

AAPL is currently down about 8.0% versus its 52-week high.

At first glance, Fed Governor Chris Waller's comments were more of the same, but it was the level of detail he added that colored the market's perceptions of hawkish.

Fourth quarter earnings are expected to decrease 7.1% from Q4 2022. Excluding the Energy sector, earnings are expected to decrease 1.9%.

Goldman Sachs reported its latest quarterly earnings.

The global currency market currently faces shifting dynamics, with the U.S. dollar strategically advancing.

Corn is trading at support while finishing correction from a technical perspective and by Elliott wave theory.

Reviewing 2023 results for the major asset classes reflects a long list of winners, with one conspicuous downside outlier commodities.

Morgan Stanley sees mixed Q4 2023 results with $12.9 billion revenue and $1.5 billion net income.

The Bank of Canada’s Business Outlook Survey for the fourth quarter of 2023 found that 40% of Canadian companies were experiencing a slowdown in sales.

Oil prices along with interest rates have been moving higher this morning, but the Empire Manufacturing report for January came in significantly weaker than expected, and that could help to keep a lid on rates.

At the time of writing, the pair is stabilizing around it, recovering from losses at the end of last week that reached the support level of 144.34.

CoreWeave’s partnership with Nvidia has been critical in helping it succeed. Last year, Nvidia announced plans to divert scarce H100 GPUs to CoreWeave.

ETHUSD bulls are trying to stabilize above the $2500 support level following last week’s spike above $2700 as the markets celebrated the first-ever spot Bitcoin ETF launch.

Concerns about potential Red Sea ship attacks dampened risk sentiment. Comments from ECB officials opposing early rate cuts cast a shadow on the global rate outlook.

Mississippi Governor Tate Reeves takes on a cut back on food for kids by not accepting a fully funded program.

Albemarle Corp.is growing its sales but lithium prices have depressed earnings. This Zacks Rank #5 (Strong Sell) is expected to see a double digit decline in earnings in 2024.

Stocks will likely open slightly lower this morning, but the S&P 500 may further extend a consolidation below the 4,800 level.

Conversely, a turnaround and a break above the 0.6750 level could propel the pair towards the 0.6850 and potentially the 0.69 level.