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Five things you need to know about on the markets this week - Biden, big banks and central banks, bond yields, and Bitcoin

Five things you need to know about on the markets this week - Biden, big banks and central banks, bond yields, and Bitcoin

Workers hang the flags on the West Front facade in preparation for President-elect Joe Bidens inauguration
Bill Clark/Getty Images




The stock market has shrugged off turmoil in DC and investors are focused on Joe Biden's plans for the economy.




Bond yields are around their highest in a year, as traders prepare for a lot less stimulus from the Federal Reserve.




Earnings season gets underway, with Goldman Sachs, Netflix and IBM, among others.




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Stock markets finished the second week of January having reached all-time highs, overlooking fairly gruesome US labor market data, the ongoing explosion in cases of COVID-19 and unprecedented political turmoil in the final days of Donald Trump's presidency, as he faces impeachment - again. Reflation has been the name of the game across the markets and anything even remotely economically sensitive has surged, including small-cap stocks, oil and gas and, of course, cryptocurrencies, particularly following Joe Biden's plans for a $1.9 trillion stimulus package. Next week brings a heady mix of the political, the macroeconomic, the corporate, and the crypto. Here's five things we'll be watching

1. Inauguration of President-Elect Joe Biden

January 20 bids farewell to one of the most controversial US presidents in living memory. After four years in the White House, Trump will bow out, leaving Biden as the 46th president. Trump will also be the first US president to be impeached twice over his role in the storming of the Capitol by violent supporters of his on January 6 who attempted to stop the counting of the electoral college votes.
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