Macro Briefing: 18 January 2021

* Biden plans rollbacks of Trump era policy decisions on Wednesday
* China reports 6.5% GDP growth for Q4 & and 2.3% for 2020
* Russian opposition leader Navalny’s arrest heightens Russia-West tensions
* Incoming Treasury Sec. Yellen expected to affirm market-based exchange rates
* Weak value investing results weigh on quant strategies
* US industrial output up a strong 1.6% in December
* NY Fed Mfg Index shows softer growth in January
* US retail sales fell for a third month in December:

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