Market 01/15: War With Iran on Hold

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Market Highlights

• Initial Jobless Claims Steady

• December Import-Export Prices Rise

• Philly FED: Manufacturing surges

• PBOC eases monetary policy

• China credit growth beats forecasts

• EU trade surplus plunges in November

• US Deploys Aircraft Carrier to Middle East

• TSMC Q4: Beats Expectations

• Goldman Sachs Q4: Stable Despite Missing Estimates

• → No bearish signals yet, just too high.