Happy New Year's 🎉 and I hope you're enjoying the rest and football.
🚨 Situational awareness: Protestors began withdrawing from the U.S. embassy compound in Baghdad.
Why it matters: Trump uses the stock market's surge as a barometer of his presidency's success, but the percentage gains lag former Presidents Barack Obama, when stocks rebounded from the lows of the financial crisis, and George H.W. Bush.
Between the lines: Even if you count the 2016 post-election day market rally, the S&P's performance is still behind H.W. Bush (measuring from election day through the end of the third year in office).
The bottom line: Only about half of Americans own stocks, "largely through retirement accounts," as the Washington Post notes, citing Federal Reserve data.
Go deeper: Trump's economic shield against impeachment
Left: a barbet. Right: a dogo Argentino. Source: American Kennel Club via AP
A powerful Argentine big-game hunter and a sociable French water dog have made the American Kennel Club’s list of recognized breeds, the AP reports.
The big picture: Dog breeding is the subject of considerable debate, the AP notes.