Here are a number of headlines that caught my eye today. Please share any headlines that you found to be noteworthy.

All hail the uptrend https://t.co/ksDalAvyXF

Of course that doesn’t mean markets will go up from here. It is not ‘that’ easy after all! pic.twitter.com/Y9z14fJj4f

— Chris Bailey (@Financial_Orbit) January 3, 2017

China central bank injects $124.9 billion in Dec, up 13 percent from Nov

Click here for the story.

Foreign Exodus From Treasuries Puts Damper on Any Rally

Click here for the story.

FactSet Q4 Earnings update

• Earnings Growth: For Q4 2016, the estimated earnings growth rate for the S&P 500 is 3.2%. If the index reports earnings growth for Q4, it will mark the first time the index has seen year-over-year growth in earnings for two consecutive quarters since Q4 2014 and Q1 2015.
• Earnings Revisions: On September 30, the estimated earnings growth rate for Q4 2016 was 5.2%. Eight of the 11 sectors have lower growth rates today (compared to September 30) due to downward revisions to earnings estimates, led by the Materials sector.
• Earnings Guidance: For Q4 2016, 77 S&P 500 companies have issued negative EPS guidance and 34 S&P 500 companies have issued positive EPS guidance.
• Valuation: The forward 12-month P/E ratio for the S&P 500 is 16.9. This P/E ratio is based on Thursday’s closing price (2249.26) and forward 12-month EPS estimate ($132.79).
• Earnings Scorecard: As of today (with 4% of the companies in the S&P 500 reporting actual results for Q4 2016), 68% of S&P 500 companies have beat the mean EPS estimate and 37% of S&P 500 companies have beat the mean sales estimate.

Click here to download the latest Earnings Insight