Written by Gary
Stocks rally to a record as Biden sworn in as president, Netflix soars (SPY +1.4%). Biden sworn in as 46th U.S. President and US stocks finish at record highs.
The Market in Perspective
Here are the headlines moving the markets. | |
Canada Is Cleaning Up Its Oil SandsUntil very recently, nearly any news out of the Canadian oil sands was certain to be a tale of woe. While Albertas oil and gas industry didnt suffer from lack of demand nor lack of supply, a major pipeline shortage left the industry unable to connect the two. This deficit in transportation infrastructure led to a glut in oil supply, which forced Canadian oil companies to sell their oil at a severe discount. All of this has caused the Canadian oil industry to lose tens of billions of profits per year. But the worst was yet to | |
Saudi Arabia Remained Chinas Top Oil Supplier In 2020Saudi Arabia narrowly beat Russia to hold onto the title of the single largest oil supplier to the worlds biggest oil importer, China, in 2020, according to Chinese government data. For most of last year, Saudi Arabiathe largest oil exporter in the worldand its key partner in the OPEC+ deal, Russia, were head-to-head in a very close race for the top spot as the biggest crude oil supplier to China. In the end, Saudi Arabia edged past Russia, shipping on average 1.69 million barrels per day (bpd) of oil to China, according | |
Western Companies Abandon Russia-Led Nord Stream 2 ProjectThe U.S. imposed on Tuesday sanctions on the Russian pipe-laying vessel that was expected to complete the construction of the gas pipeline Nord Stream 2, while several Western companies are said to have abandoned links to the project for fear of sanctions. The final stretch of the construction of the controversial pipeline now looks even more uncertain, and even Russian gas giant Gazprom has warned investors that the Nord Stream 2 project could be suspended or entirely discontinued due to extraordinary circumstances, including political | |
U.S. Oil Product Demand Is Set For A Biden Boost In 2021After a devastating 2020, Rystad Energy projected demand for oil products in the US to grow by 1.08 million bpd in 2021 to 19.1 million bpd. This projection left politics aside but if President Joe Biden lives up to his promises after his inauguration, we see an upside to US products demand of about 350,000 bpd, as a result of the planned short-term economic stimulus and his infrastructure plan. The expected stimulus package includes financial aid to low-income American families, extended unemployment insurance payments, and billions of dollars | |
Saudi Production Cuts Erase Oil Tanker EarningsReduced availability of seaborne crude oil shipments from the worlds top oil exporter, Saudi Arabia, and a rising number of oil tankers available on the market, have hit the earnings of supertanker owners so much that some are losing money on shipping crude from the Arab Gulf to China, shipbrokers and analysts tell Bloomberg. Saudi Arabias surprise announcement earlier this month that it would cut an additional 1 million barrels per day (bpd) from its crude oil production in February and March has reduced the crude shipments in the | |
Whats Next For Very Volatile Natural Gas MarketsLast weeks record-high spot prices of liquefied natural gas (LNG) in Asia may not hold for long, but the surge could be a sign of what the future holds for natural gas prices globally. The growing LNG trade and the growing importance of LNG on the global gas markets have upended the way part of global gas supply is traded and has made regional gas markets more interconnected. When spot LNG prices rally in north Asia, LNG sellers rush to send cargoes there, leaving fewer LNG supply going to Europe, where natural gas prices rise in a generally | |
P&G raises forecast after earnings top expectations, fueled by 8% jump in salesProcter & Gamble said its fiscal second-quarter revenue rose 8%, led by higher demand for its cleaning products and grooming tools. | |
Pfizer-BioNTech vaccine found to be effective against Covid variant discovered in UKThe variant, known as B.1.1.7., has an unusually high number of mutations and is associated with more efficient and rapid transmission. | |
From Jeep to Maserati, Stellantis to roll out 10 new EV models in 2021The new company’s plans come as legacy automakers are struggling to convince Wall Street that they can compete against Tesla and a host of new EV start-ups. | |
Experts say some stock investors could be at risk of getting burned. How to make sure you’re not one of themSome investors clamored to increase their stakes in name companies last year. Experts say they would be wise to curb their risk exposure. | |
Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ saysKKR and other major lenders to Belk are in talks with the department store chain to keep it out of bankruptcy, according to a Wall Street Journal report. | |
SpaceX expands public beta test of Starlink satellite internet to Canada and the UKElon Musk’s company is now offering early public access to its Starlink satellite internet service in Canada and the U.K. | |
Investors can’t go wrong with this fast-food stock trifecta, trader saysWith Goldman Sachs naming Chipotle’s stock its top pick in the restaurant space for 2021, two traders reveal their favorite names in the space. | |
Denmark to trial green hydrogen production using offshore wind turbinesThe facility is expected to generate its first hydrogen toward the end of the year. | |
Mega Millions jackpot jumps to $970 million and Powerball prize is $730 million. Avoid these mistakes if you winBoth jackpots have been rolling higher since September through twice-weekly drawings with no winner. | |
Foxconn, Apple interest in EVs point to dramatically different future for automakersApple, Foxconn and other technology companies are going to work with automakers in ways which will transform the global auto industry. | |
Dr. Fauci to lead U.S. delegation at WHO meetings as Biden plans to reverse Trump withdrawalDr. Anthony Fauci is scheduled to give remarks on Thursday as the United States’ head delegate for the WHO’s annual executive board meetings. | |
Germany’s vaccine rollout is not going to plan, frustrating officials and expertsSince Germany kicked off its vaccination drive in late December it’s come across a raft of logistical challenges. | |
Richard Branson hopes Covid vaccination passports will allow for easier air travel“Once vulnerable people, in particular, have been vaccinated, I think all kinds of businesses can start opening up again,” Sir Richard Branson told CNBC. | |
Bullion, Bonds, & Big-Tech Bid; Bitcoin Bust On Biden’s Big DayBullion, Bonds, & Big-Tech Bid; Bitcoin Bust On Biden’s Big Day Did we just begin to ‘greatly-rotate’ back to a deflationary regime? Nasdaq dramatically outperformed today (Small Caps lagged)… All four major US equity indices closed at record highs. Small Caps underperformed Big Tech by the most since the election… | |
Jabs For Joints: Free Bag Of Weed With Your COVID Vaccine In DCJabs For Joints: Free Bag Of Weed With Your COVID Vaccine In DC Via 21stCentruyWire.com, Just when you thought this narrative has reached rock bottom, they descend ever lower. After selling the public on the idea that vaccine will somehow liberate the people from the authoritarian COVID-19 lockdowns imposed by the state, government and public health officials are now desperately trying to ‘process’ as many people as possible through their new vaccine conveyor belt system. But many young people are also aware that they are a statistically near zero risk of ever falling ill from coronavirus ” an inconvenient fact which government and its media partners are actively trying to obscure now. Apparently, the new experimental mRNA genetic ‘vaccine’ cocktail is so unpopular, that health workers have resorted to bribing the youth with recreational drugs in order to get them to take it. However … | |
Biden Institute Refuses To Disclose Donors; Blinken Faces Questions Over $22 Million In Anonymous Chinese ContributionsBiden Institute Refuses To Disclose Donors; Blinken Faces Questions Over $22 Million In Anonymous Chinese Contributions The Biden Institute at the University of Delaware has refused to disclose all of its donors now that Joe Biden is President, according to Politico. Joe Biden speaks during an event to formally launch the Biden Institute at the University of Delaware on March 13, 2017. | Patrick Semansky/AP Photo The Institute, established in 2017 with a goal of raising $20 million, promises to embody the spirit of “honesty, integrity, compassion and courage” that it claims Biden stands for – yet, as Politico notes, “the Biden Institute continues to engage in a multimillion-dollar fundraising campaign, which could attract donations from those interested in currying favor with the Biden administration.” Meanwhile, Biden’s pick for Secretary of State, Tony … | |
Lytikainen: The Gold Bull Market Is Just Getting StartedLytikainen: The Gold Bull Market Is Just Getting Started Authored by Erik Lytikainen via RealInvestmentAdvice.com, 2021 marks the 50th anniversary of President Nixon’s decision to suspend the convertibility of U.S. dollars into gold. At that time gold was just $35 per ounce. As we approach the August 13th œgolden anniversary  date, a review of the past 50-years is worthwhile. Strategic View: Gold Could see $25,000 in 10 years The two big rallies in gold occurred over roughly 10-year periods. Both saw dramatic increases in the value of gold. From August 1971 to 1980, gold rallied from $35 per ounce to over $700 per ounce, a twenty-fold increase. Please note a significant pullback from $200 to $100 per ounce during this time, a 50% drawdown. Even in a bull market, prices often have to correct before finding new footing. Great Reset One might say that there was a œgreat reset of the financial system in 1971, which moved the world past the Bretton Woods agreement. | |
Saga cruises says all customers must be vaccinatedHolidaymakers in 2021 must be fully vaccinated against Covid-19, the travel firm says. | |
Brexit: ‘My meat shipment is rotting in Rotterdam’Brexit border hold-ups mean customers are starting to go elsewhere says UK meat exporters group. | |
Low-deposit mortgages return after Covid slumpThere has been a fourfold increase in mortgage products for those offering a 10% deposit. | |
ETMGS: Government in Budget 2021 should go for growth-oriented measures to bridge the income gapFiscal prudence today for the sake of it may leave the country in a worse shape in the medium term than is perceptible currently. | |
Double in 3 months! Is it time to sell Tata Motors stock now?Analysts expect the company to report a volume of 2.8 lakh and 3.3 lakh units for FY22 and FY23 in the PV segment. | |
Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans riseNet Interest Income (NII) for the quarter was Rs 4,296 crore as against Rs 4,535 crore in the year ago quarter, registering a drop of 5.27 per cent. | |
: Lidl offers $200 extra pay to U.S. employees who get COVID-19 vaccine, joining Aldi and othersGerman supermarket chain Lidl will give U.S. employees $200 in extra pay if they get a COVID-19 vaccine, the company said on Wednesday, becoming the latest employer to offer such incentives. | |
: Europe greets Biden’s inauguration with relief and muted hopesThe EU and the U.S. may not agree on how to deal with and regulate the power and influence of big U.S. tech companies such as Facebook or Google. | |
The Tell: Here are the best market calls and some dark horse stocks of a turbulent 2020They called the selloff and the bounce, and they picked stocks no one was looking at. These are the best market calls of 2020. From here, we’ll speak to some of the best forecasters about what they see in 2021. |
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