Headlines discussed at LNWM’s Monday morning briefing:

— US stocks rose to another record, on higher 4th quarter 2016 earnings and potential tax reform.
— Daniel Tarullo will resign from the 7-member US Federal Reserve Board, leaving three seats open.
— Sales at US wholesalers jumped 2.6% in Dec., the largest increase since March 2011.
— The Indian central bank did not lower its key interest rate (6.25%), signaling easy credit may be ending.
— OPEC has implemented 90% of its pledged cuts to oil output, while demand for oil is expected to rise.

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