Republic Risk: Macro Monday - January 29

Despite high selling pressure on the market in the lower end of the stock world, the Nasdaq 100 will be the gauge of performance for the next 15 days. Let's discuss the week ahead and more.

Tamiami Tips

• Shares of China Evergrande were halted after a 20% drop. This followed a Hong Kong court's liquidation order. It marked a critical point in China's real estate debt crisis. It also marked Beijing's efforts to stabilize the sector.

• Oil prices fell 1% after a profit-taking period in the wake of a geopolitical event. A missile attack took place on a Trafigura-operated tanker in the Red Sea. Also, potential decreases in Russian exports raised concerns about fuel supply disruptions. The Biden Administration is reportedly thinking of retaliating against Iran for a recent drone attack that killed three U.S. troops.

• There’s speculation that the European Central Bank could cut interest rates in April. Why does this matter? It would be bullish for a beaten-down part of the world that has seen massive challenges in the last 24 months. We might want to start looking for opportunities in consumer products in that region.

• Shipping stocks still look great. Teekay (TK) leads our Model Portf…