Truckload spot data shows that the winter lull in freight may have already happened.

Truckload spot rates bottomed on November 17th at $1.67/mile (net fuel) and now sit at $1.98/mile (net fuel). Will this be the cycle low? pic.twitter.com/BmiGnjskTC

— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) January 16, 2023

Housing January 16th Weekly Update: Inventory Increased 0.3% Week-over-week https://t.co/4MQrWQy0i8 pic.twitter.com/ydIxSVG1Sq

— Bill McBride (@calculatedrisk) January 16, 2023

The only chart that matters for the housing market in 2023.

Who is the marginal buyer here? pic.twitter.com/XV10Ov2Xjx

— Alf (@MacroAlf) January 16, 2023

The Fed holdings of US Treasury notes and bonds just fell by the largest amount in history.
 
Over $41 billion just in the last 2 weeks. pic.twitter.com/kDB9fsfOi6

— Otavio (Tavi) Costa (@TaviCosta) January 16, 2023

US-China Trade Is Close To A Record, Defying Talk Of Decoupling – BBG https://t.co/FK0IHZVnMU

— LiveSquawk (@LiveSquawk) January 17, 2023

Blinken To Test Limits Of China’s Diplomatic Engagement On Beijing Trip – Politico https://t.co/vNPloSNQOK

— LiveSquawk (@LiveSquawk) January 16, 2023

⚡China GDP data:
Full-year +3% [Prev.+8.4%]
Q4 GDP YoY +2.9%[Est.+1.8%;Prev.+3.9%]
Q4 GDP QoQ +0.0%[Prev.+3.9%]#China #GDP #EconTwitter 🇨🇳
More data will be updated in this thread.
1/

— CN Wire (@Sino_Market) January 17, 2023

🇨🇳 #China's 2022 #property investment falls for first time since 1999 – Reutershttps://t.co/g9Ufxo08u9

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

🇨🇳 #China’s Population Shrinks for First Time Since 1960s in Seismic Shift – Bloomberghttps://t.co/Ofe8qYeZBm pic.twitter.com/kcmNfgQheb

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

New Zealand Business Confidence At Lowest Since 1974 – RTRS https://t.co/RlYABYY8xh

— LiveSquawk (@LiveSquawk) January 16, 2023

🇨🇳 #China #Junk Dollar Bonds Arise From Their Deep Distress – Bloomberg
*Just 4% of notes in a Bloomberg index of China’s high-yield dollar bonds were below 20 cents as of Friday. pic.twitter.com/5RZnq9EIbQ

— Christophe Barraud🛢🐳 (@C_Barraud) January 16, 2023

Yen Traders Braced For Volatility As BoJ Meets – FT https://t.co/tYwdULlNtf

— LiveSquawk (@LiveSquawk) January 17, 2023

🇯🇵 #Japan | #BOJ Meets Amid Intense Speculation Over More Tweaks: Decision Day Guide – Bloomberghttps://t.co/5v8sl1kKtY pic.twitter.com/WJqZ1UitcX

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

New BoJ Governor Nominee Likely To Be Presented To Diet February 10 – RTRS Sources https://t.co/PAPRt41WWl

— LiveSquawk (@LiveSquawk) January 17, 2023

For PBOC's reverse repurchase operation, the injection comes to 504 billion yuan, the most since January 2019.
PBOC says the injection aims to hedge against the high demand for year-end tax payments.#China #USDCNY https://t.co/5qst4yIheY

— CN Wire (@Sino_Market) January 17, 2023

Singapore’s non-oil exports came in weaker than expected in December, with the government attributing the poor showing to a higher base a year ago https://t.co/D4xjjKUmyJ

— Bloomberg (@business) January 17, 2023

UK Jobs Market Remains Resilient Despite Incoming Recession – ING https://t.co/zXWDWaSckE

— LiveSquawk (@LiveSquawk) January 17, 2023

UK Worker Shortfall Due To Brexit Curbs Estimated At 330,000 – FT https://t.co/z8ZhlpFXPI

— LiveSquawk (@LiveSquawk) January 16, 2023

🇩🇪 #GERMANY JAN. ZEW INVESTOR EXPECTATIONS RISE TO 16.9; EST. -15.0 – BBG
*GERMANY JAN. ZEW CURRENT CONDITIONS INDEX -58.6; EST. -57.0

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

🇩🇪 GERMAN ECONOMY MINISTER: WANT TO GET INFLATION BELOW 5% BY YEAR'S END – WELT TV – RTRS
*GERMAN ECONOMY MINISTER: IF THERE IS A RECESSION, IT WOULD POSSIBLY BE "ONLY VERY SHORT AND NOT VERY DEEP" – WELT TV

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

🇪🇺 #ECB Philip Lane: ‘We haven’t seen “normal” in #Europe for a long time’ – FThttps://t.co/9pj7gTedqn

— Christophe Barraud🛢🐳 (@C_Barraud) January 17, 2023

ECB’s Centeno says euro-zone economy is surprisingly positive https://t.co/Shs5xlHgXv via @weberalexander @joaomlima1 pic.twitter.com/eELCTastRe

— Zoe Schneeweiss (@ZSchneeweiss) January 17, 2023

BoE’s Bailey: Loan From BoE To APF Will Be Repaid Todayhttps://t.co/Tfg6JKWjlR

— LiveSquawk (@LiveSquawk) January 16, 2023

BOE Governor Bailey warns of upside risk from the labor market and China https://t.co/vaMFsqEUNi via @tomelleryrees @LucyGJWhite pic.twitter.com/5KJTN0WeQS

— Zoe Schneeweiss (@ZSchneeweiss) January 16, 2023

EU’s hopes of Italy ESM approval may be premature, official says https://t.co/13e9iZdrQS via @Alemrome pic.twitter.com/T5dlLrUV8l

— Zoe Schneeweiss (@ZSchneeweiss) January 17, 2023

🇷🇺 #Russia | #Kremlin Revenue Under Pressure as Crude Price Falls on Sanctions – Bloomberg
*Urals price for February tax calculations fell to $46.82/bbhttps://t.co/10CNuFd62o pic.twitter.com/XWltuSXOo5

— Christophe Barraud🛢🐳 (@C_Barraud) January 16, 2023

EU needs a power market reform deal by summer, key lawmaker says https://t.co/QpIa6n5QNu via @johnainger pic.twitter.com/PcHu1VcEcl

— Zoe Schneeweiss (@ZSchneeweiss) January 16, 2023

🇪🇺🇬🇧 Joint statement by @MarosSefcovic and @JamesCleverly after today’s video conference call on the Protocol on Ireland / Northern Ireland:https://t.co/U0KHVy6b8C pic.twitter.com/n3LoykliX0

— Daniel Ferrie 🇪🇺 (@DanielFerrie) January 16, 2023

The EU must reform its industrial state-aid policies while also seeking an agreement with the US to avert a trade war, according to Spanish Prime Minister Pedro Sanchez https://t.co/bmw6UHc2oU pic.twitter.com/OWmhLPhPlM

— Zoe Schneeweiss (@ZSchneeweiss) January 17, 2023

EU's shakeup of industrial policy must include tax credits, French Finance Minister Le Maire says https://t.co/IOT9XKkDzV via @JReganReg pic.twitter.com/tROzZertHF

— Zoe Schneeweiss (@ZSchneeweiss) January 16, 2023

⚠ #WeekAhead: Week 3 (2023) ⚠

🇨🇭 🌎 #Davos #WEF
🇯🇵 #BOJ Meeting
🇪🇺 #ECB Minutes
🇺🇸 #FOMC Beige Book
🇺🇸 U.S. Data
🇨🇳 #China GDP
🇨🇳 Chinese New #LunarYear Starts
…https://t.co/nFTFy2FYEz

— Christophe Barraud🛢🐳 (@C_Barraud) January 16, 2023