The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Equities hit fresh highs as Kudlow suggests the finishing line is insight
– Kudlow, Phase-1, “coming down to short strokes” and “mood music is pretty good”
* Dollar slightly lower, US Treasuries 10yr Bonds -2bps but off 10bps for the week
* VIX almost at one yer lows trading around 12, suggests markets are pretty comfortable
* Kiwi bounced on Orr and Hawkesby comments post their Christmas surprise
– Hawkesby, “things…