Week In Review - LME spreads take a hit while the industry braces for Inauguration Day!

Market Movement: Stocks are mixed this week bond yields are up after a strong jobs report on Friday.
Job Numbers: Non-farm payrolls added 256k jobs, unemployment’s down to 4.1%, but inflation’s still stubborn—Fed might hold off on rate cuts.
Upcoming Data: PPI and CPI reports drop this week—watch for inflation updates.
Port Strike Avoided: Strike was called off after both sides reached a deal.
US Steel Sale Drama: Cliffs and Nucor are teaming up to bid on US Steel. CEO wants Trump to reverse Biden’s block on Nippon Steel deal.
Executive Orders Incoming: Expect a flurry of executive orders next week.
LME Update: LME’s steady at $2,560. March-April spread is in a backwardation at 10b, the MW Premiums down and thus MWTP under $1.40.

The London Metal Exchange (LME) & The COMEX (CME group) will be closed on Monday, January 20th in observance of Inauguration Day.