Good morning. Interesting chart (although it is unclear why they are not starting at the same point)
http://uk.businessinsider.com/ubs-technical-analysis-buy-gold-not-equities-2016-1
Some more first-of-January statistics
http://www.bloomberg.com/news/articles/2016-01-05/s-p-500-first-day-loss-serves-as-barometer-for-january-recovery
Martin Wolf on the world economy: “Why global economic disaster is an unlikely event”
http://www.ft.com/intl/cms/s/0/db57a57e-b38b-11e5-b147-e5e5bba42e51.html#axzz3wTy0Q2zx
The Economist’s speed read on Sunnis and Shias
http://www.economist.com/blogs/graphicdetail/2016/01/islam-middle-east
Pretty well known pattern, updated to fit the current situation
http://www.ritholtz.com/blog/2016/01/the-thinking-of-the-average-trader-behind-a-rally/
A bit of reading on the US economy
http://fivethirtyeight.com/features/2016-will-be-another-test-of-the-economic-recovery/
And here is some more: “Who is Driving the Recent Decline in Consumer Inflation Expectations?”
A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!
