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Situational awareness:

  • A group of unpaid creditors accuse Sears chairman Eddie Lampert of killing the retail giant in a "Shakespearean tragedy." (Bloomberg)
  • President Trump now says he will deliver his State of the Union address "after the Shutdown is over." (Reuters)
  • Verizon Media Group — my former employer and home to AOL, Yahoo, HuffPost — will lay off 7% of its staff, or around 800 people; BuzzFeed announced a 15% layoff of its staff, or about 250 people; and Gannett cut over 20 jobs. (Axios)
  • The European Central Bank will conclude its first policy meeting of 2019 today, with no policy changes expected. Traders will be watching President Mario Draghi after he warned of the euro zone's weak growth earlier this month. (Marketwatch)

Editor's note: A friendly reader pointed out that Wednesday's newsletter incorrectly referenced the source of data on foreign buyers of U.S. Treasury notes. That data comes from the Treasury Department, not the CFTC.

Days without a factual error: 0

#Dammit