The Signals and Noise
Jan 23, 2026
Ending January 23, 2026
Steve's Thoughts
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THIS IS VERY IMPORTANT
- Greenland sends markets into redland.
- Iran not running yet.
- Cuba is next.
- DAVOS - "Globalisation has failed". “The Trump Administration and I are here to make a very clear point—globalization has failed the West and the United States of America. It’s a failed policy… and it has left America behind.” America is done exporting jobs and offshoring its future. We will no longer give in to globalization.
- Microsoft and Apple continue to fall below the 200SMA.
The TMM Podcast
Spotify, Apple, YouTube
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The Oz Economy
- Consumer confidence falls. It appears consumers are zipping wallets but this may be just a post Xmas hangover.

- Employment bounces. Positives signs for the economy but we need to see if it continues.

THE ASX
Unless there's a big move Friday afternoon, the ASX this week went nowhere.
Lesson of the Week
Markets don't work that way.

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