Chinese markets will be closed next week for the Lunar New Year celebration. However, over the weekend, China will report its January reserve figures. The market suspects that the PBOC burnt through another $120 bln of reserves.
Right in the middle of football’s biggest party week, there was more tragic news on the head injury front. Ken Stabler, the flamboyant Oakland Raiders quarterback who led his team to a Super Bowl victory in January 1977, was found to have had brain disease – chronic traumatic encephalopathy, or CTE – when he died of colon cancer last July.