Good morning. Credit risk meets the ECB…

https://www.bondvigilantes.com/blog/2018/01/09/did-the-ecb-get-their-fingers-burned-with-steinhoff-bonds/

Nice chart, probably worth to read as well: on bond investors investing in the US

https://www.bis.org/publ/work687.pdf

A late 2017 recap

http://ritholtz.com/2018/01/2017-according-2-8-billion-tweets/

And this is the version of the Economist

https://www.economist.com/blogs/graphicdetail/2018/01/daily-chart-5

More EPS upgrades coming up?

https://www.businessinsider.nl/tax-reform-effect-on-stock-market-earnings-season-will-be-noisy-2018-1/

Or will this be a down year?

http://www.businessinsider.com/gundlach-stock-market-forecast-2018-1

Let me guess… Fake news?

https://www.nytimes.com/2018/01/08/upshot/strong-economies-lift-presidents-trump-seems-an-exception.html

Probably worth the read: the fiscal impact of QT

http://libertystreeteconomics.newyorkfed.org/2018/01/fiscal-implications-of-the-federal-reserves-balance-sheet-normalization.html

A complete overview of all previous editions of Best of the Web can be found here http://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 Do not quote unless specifically cleared beforehand!