Although heavy duty truck sales rebounded somewhat in December, up from their post-pandemic low of 336,000 annualized in November to 392,000, even on a three month average basis they are down -3.4% from their peak in 2023.

+22K vs. consensus of +46K, down from December (rev’d) +37K. Alternative business cycle indicators incorporating these figures show the labor market growth at near zero:

The markets are struggling to estimate and price in risk, but there are powerful forces working against genuine price discovery.

EPS $2.82, up 31% vs. $2.15 y/y, beating estimate $2.65.

Ethereum price defends the $2,000 support zone as analysts watch $2,400 and $2,700 levels for signs of trend recovery.

The Nasdaq and S&P 500 extended yesterday's losses, with the former falling 350 points as Advanced Micro Device's dismal outlook dragged chip stocks.

The oil markets had a green day today.

GBP/USD traded around 1.3712, holding above its rising 20-day exponential moving average at 1.3605, with a 14-day RSI at 62.

Advanced Micro Devices stock has had heavy, unusual trading in short-term out-of-the-money call options today. Based on the company's strong earnings results yesterday, it could be a bullish signal for AMD stock.

Valued at $18.64 billion, US Foods is a food service distributor. The company serves independent and multi-unit restaurants, healthcare and hospitality entities, and government and educational institutions.