'It’s fair to wonder what might have happened if the Fed didn’t step in when it did. Especially given that a provision in the $900 billion U.S. relief plan prohibits the central bank from restarting many of the new programs it rolled out last year.' https://t.co/oviTIpz0Ro

— Jesse Felder (@jessefelder) January 4, 2021

Important:

Global manufacturing growth stays close to decade highs in December, but supply-chain pressures grow.

Manufacturing PMI at 53.8 in December.
Output, new orders and new export business rise.
Supply-chain stresses remain at near-record levels. pic.twitter.com/KmupyfR7Lc

— Daniel Lacalle (@dlacalle_IA) January 4, 2021

*Evans: 2021 Economy Should Be Good, Expects to See 4% Growth

— *Walter Bloomberg (@DeItaone) January 4, 2021