10 things you need to know before the opening bell

source
Reuters / Akhtar Soomro

Here is what you need to know.

Stocks are facing a barrage of sell signals as the market’s ‘non-stop euphoric cabaret’ rages on. A gauge maintained by Bank of America Merrill Lynch – known as the Bull & Bear indicator – is on the brink of reaching sell territory, while other overbought indicators flash.

Intel warned Chinese companies like Lenovo and Alibaba before the US government about Spectre and Meltdown. This raised concerns as the Chinese government might have come across the information before the US, according to a Wall Street Journal report.

Billionaire Saudi Prince Alwaleed bin Talal has been released after having been arrested last November amid a corruption crackdown. He is an investor in companies like Twitter and Lyft.

2 bitcoin traders were held at gunpoint in an armed raid in rural England. Danny Aston and his girlfriend Amy Jay, who jointly run a cryptocurrency trading company, were forced to digitally transfer bitcoin by four men who broke into their house in Moulsford, Oxfordshire, The Mail on Sunday newspaper reported.

A senior figure at Deutsche Bank’s $880 billion asset management arm warns against bitcoin. Markus Mueller, global head of the chief investment office at Deutsche Asset Management, says the cryptocurrency is “only for investors who invest speculatively.”

This chart underlines the risks facing global stocks as money printing comes to an end. Returns for global stocks have shown a strong correlation with central bank asset purchases over the past decade.

The US dollar has been slammed in January – and there could be more weakness to come. “If history is a guide, this move could have further to go,” says Robert Rennie, head of financial market strategy at Westpac.

Stock markets around the world are weaker. China’s Shanghai Composite (-0.99%) decreased, while Germany’s DAX (-0.09%) fell. The S&P 500 is set to open down 0.3% near 2,866.75.

Corporate earnings reports continue. Lockheed Martin, First Bancorp and Seagate Technology are set to report before the market open, while Houlihan Lokey and J&J Snack Foods will report after the close.

US economic data reports are due. Personal income and spending figures will be release at 8:30 a.m. ET, while Dallas Fed manufacturing data comes out at 10 a.m. The US 10-year yield is up 4 basis points at 2.66%.