Written by Gary
The third Monday in January is Blue Monday. Apparently it is the most miserable day of the year as failed New Year resolutions, and Christmas spending catches us up! Not for me as I have the day off!
Here is the current market situation from CNN Money | |
European markets are mixed. The DAX is higher by 0.17%, while the CAC 40 is leading the FTSE 100 lower. They are down 1.22% and 0.18% respectively. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
The Miraculous Material Transforming Energy StorageA material discovered less than two decades ago could become the key to safer, faster-charging and lighter batteries that power electronic devices, electric vehicles, and stationary energy storage. Since the supermaterial graphene was first isolated in 2004 by researchers at The University of Manchester in the UK, a growing number of graphene-making start-ups have been developing battery technologies which, the companies say, will usher in a future of fast-charging devices and electric vehicles (EVs), with higher | |
U.S. Shale Is Gaining Influence Over Oil MarketsOPEC was formed in 1960 by founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. For a brief period, the petroleum cartel became the dominant force behind world oil prices and a key geopolitical power broker, with its members controlling nearly half of world oil production and more than three-quarters of global oil reserves. As U.S. oil production entered a period of apparently inexorable decline after its 1970 peak, Washingtons desire to shore-up energy security and create a bulwark against communist expansion into the Middle | |
Three Energy Tech Trends To Watch This YearTransition will be the word of the year in energy, no doubt. But this transition involves a host of technologies that many believe will help the world move beyond the fossil fuels era. Many will need years to become commercially available, which has made some industry observers skeptical about the future of this transition. The dominant sentiment, however, appears to be optimistic, despite the considerable challenges. Here are three technology areas that, according to a recent report by Lux Research, will dominate the energy discourse for the observable | |
Are Your Netflix Binges Killing The Planet?The use of streaming video has grown exponentially around the world, with pandemic-driven shelter-in-place mandates helping to supersize the industry. The live streaming industry recorded nearly 100% growth at the height of the pandemic, with viewers consuming 3.93 billion hours of content in April 2020 compared to 1.97 billion hours in April 2019. The rapid growth of these services has frequently been linked to increased energy use and carbon emissions from data centers, network infrastructure and user devices, with the lions share | |
Ghanas Political Meddling Could Derail Its Oil BoomGhana has been one of the bright stars of the oil and gas market in the 2010s, ramping up its crude production from virtually zero to some 215kbpd by the end of the decade. The startup of the Jubilee field in 2010, merely 3 years after its discovery, was Ghanas first genuine claim for a place under the sun. Then came the first offshore non-associated output from Sankofa that has largely helped the domestic industries to ease their dependence on external imports and reasons for further optimism. A string of new events, however, poses a heretofore | |
Low Lithium Prices Could Hold Back The EV Revolution“You can have your own theories but you can’t have your own facts.” – Carl Sagan Bullish tech markets are rarely without curious dislocations. And right now, one of the biggest imbalances can be seen in the huge momentum behind EV stocks such as Tesla Inc. (NASDAQ:TSLA) and the lithium market, which has remained in bear territory for years now. Over the past couple of years, a cross-section of analysts, including Goldman Sachs, have tried calling a bottom on lithium prices, reckoning on a significant contraction in supply as persistently | |
Biden to deploy FEMA, National Guard to set up Covid vaccine clinics across the U.S.The Biden administration will also “quickly jumpstart” efforts to make the vaccines available at local pharmacies across the U.S. | |
Coca-Cola and Pepsi won’t be advertising their namesake sodas during the Super BowlCoca-Cola and PepsiCo will not be advertising their namesake sodas with Super Bowl commercials this year. | |
WHO says Covid vaccines aren’t ‘silver bullets’ and relying entirely on them has hurt nationsWith global deaths reaching 2 million and new strains of the virus appearing, world leaders need to do all they can to curb infections, the WHO said. | |
So long, Peloton: Joe Biden may need new exercise equipment when he moves to White HouseThe high-tech stationary bike could be a security risk because of its camera and microphone, according to a report by Popular Mechanics. | |
The 2020 box office was ruled by old movies, early blockbuster successStudios that were able to release films before the pandemic shut down cinemas in March held onto their box-office gains and remained top earners for the year. | |
Why ultra-low cost carrier Spirit Airlines is falling behindWith passenger traffic down due to Covid-19 airlines like ultra-low cost carrier Spirit Airlines have struggled with falling sales. | |
The UAE is on track to have half its population vaccinated by the end of MarchMore than 1.8 million people in the UAE have already received the Chinese Sinopharm vaccine ” more than quadruple the per capita vaccination rate in the U.S. | |
World on the brink of ‘catastrophic moral failure’ due to unfair vaccine rollouts, WHO chief saysThe WHO called on wealthier countries that had pre-ordered millions of doses of coronavirus vaccines, such as the U.S., U.K. and Europe, to share a portion of those vaccines with COVAX. | |
China says its economy grew 2.3% in 2020, but consumer spending fellGross domestic product grew by 6.5% in the fourth quarter from a year ago, official data from National Bureau of Statistics showed. | |
Biden CDC pick confident there’s enough Covid vaccine to meet target amid confusion over stockpile“One thing that’s clear is that the issue of getting 100 million doses in the first 100 days is absolutely a doable thing,” Dr. Anthony Fauci said on Sunday. | |
The wealthy are investing like a market bubble is here, or at least nearA majority of millionaire investors say a stock bubble is occurring, but their market risk appetite is still going up, with a shift in portfolio strategy. | |
How one mother is building generational wealth for her young sonJernessa Jones, 39, is on a mission to build generational wealth for her young son through home ownership and investing in the stock market. | |
Bucs lineman Ndamukong Suh uses Warren Buffett’s advice to navigate market turmoilThe NFL lineman has been close to the “Oracle of Omaha” since 2009, when he attended the University of Nebraska. | |
Blain: “What Will Be The Effect Of The $1.9 Gazillion Biden Spend-A-Thon On Inflation”Blain: “What Will Be The Effect Of The $1.9 Gazillion Biden Spend-A-Thon On Inflation” Authored by Bill Blain via MorningPorridge.com, œShallow understanding from people of good will is more frustrating than absolute misunderstanding from people of ill will. The third Monday in January is Blue Monday. Apparently it’s the most miserable day of the year as failed New Year resolutions, and Christmas spending catches us up! Not for me! I’m happy, confident and even excited about what’s coming next. Markets-wise there is plenty to consider: The effect of the $1.9 gazillion Biden spend-a-thon on rates and inflation, and therefore the bond market (crashing minor chords), even as The Squid elevates its US growth expectations (WSJ Survey: US … | |
Global Markets, S&P Futures Flat With US Markets Closed For MLK HolidayGlobal Markets, S&P Futures Flat With US Markets Closed For MLK Holiday US cash markets may be closed for Monday’s MLK holiday, but US equity futures are humming and at last check they were unchanged from Friday’s close at 3, 762 after earlier dropping as much as 20 points. œMarkets needed a breather or even a pull back to justify reflationary expectations, said Ben Emons, managing director of global macro strategy at Medley Global Advisors. Despite the dip, stocks remains just shy of all time highs with Goldman joining Morgan Stanley and JPM in warning that the levels of sheer euphoria suggest a drawdown is imminent. | |
The Exodus Continues: Point 72 Is Opening New Offices In West Palm BeachThe Exodus Continues: Point 72 Is Opening New Offices In West Palm Beach Steve Cohen may own the New York Mets, but it looks like his firm, Point 72, is going to be the latest to move part of its business to Florida. Cohen, who’s firm oversees $19 billion, is reportedly looking for “additional office space” in the Sunshine State, where he will open an office in West Palm Beach before the end of June, according to Bloomberg. The firm is also looking at another location in Miami, the report notes. The offices are supposedly popping up to “accommodate current and prospective employees who want to move south”. And so Steve Cohen can work on his tan… The new locations will hold about 45 people from Point 72’s investment staff. The firm says it has no plans to cut its space in Connecticut or New York City for the time being. We wouldn’t be surprised if this “temporary” move to Florida starts to become more permanent as time goes by. Recall, about a week ago, we noted … | |
Real Vision’s New President on the Dollar, Bonds, Bitcoin, and TetherReal Vision’s New President on the Dollar, Bonds, Bitcoin, and Tether Managing editor Ed Harrison welcomes Real Vision’s new president, Travis Kimmel, to the Daily Briefing. Travis shares his Real Vision journey from an entrepreneur to a self-taught investor and outlines his macro framework for thinking inflation, credit creation, and currency flows. Travis explains why he isn’t fully convinced by the reflation narrative and why he believes that fiscal aid is more likely papering over the cracks than truly providing economic stimulus. Travis shares his view of Bitcoin, which he calls œa curious beast and œa tabula rasa for narratives. Lastly, Travis tells Ed about his concerns about the stable coin Tether. In the intro, Real Vision’s Haley Draznin examines the markets reacting ahead of President-elect Biden’s stimulus speech this evening, and the implications of the jobless claims rising. Tyler Durden Mon, 01/18/2021 – 06:47 | |
Next in race to buy Topshop owner Arcadia as bid deadline nearsA consortium including the fashion chain wants to buy the Arcadia group out of administration. | |
Brexit: Fishing firms hold London protest over disruptionFresh fish exports have been severely disrupted by new border controls with the European Union. | |
Trampoline prices ‘to soar 50% on shipping costs’The owner of a toy retailer says high transport costs may mean larger toys become more expensive. | |
Mindtree Q3 results: Net profit rises 66% to Rs 326.5 crThe company added eight new clients during the quarter and had 276 active clients at the end of the quarter. | |
Market Movers: Metals, pharma stocks sink; 136 scrips blip sellThe breadth of the market was extremely weak as nearly four stocks fell for every that rose on the National Stock Exchange. All sectoral indices on the NSE also ended in the red. | |
Rakesh Jhunjhunwala-backed gaming firm Nazara Technologies files IPO papers with SebiNazara’s public issue will see a sale of 49,65,476 equity shares by the promoters and existing shareholders, according to draft red herring prospectus (DRHP) filed on Thursday. | |
Earnings Outlook: Expect another quarter of big earnings beats, as Wall Street estimates were likely overly depressedThe U.S. fourth-quarter earnings reporting season kicked off Friday, and early indications suggest results will beat by wide margins, which could even lead to an end of the earnings recession. | |
Top Ten: Weekend reads: Can this man save Intel?Also, SPACs, digital nomads and less fun at Disney World. | |
Market Extra: Is the stock market open today? Here are the trading hours on Martin Luther King Jr. DayMost financial markets will be closed for the celebration of the civil rights leader’s life, the first one since protests over the killing of George Floyd touched off massive protests across the nation. |
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