Today's topics include initial claims head higher, more on Yellen as Treasury Secretary, the Treasury's clawback of emergency funds, stocks and bonds sending different messages, hedge funds' stock picks, longer hours while working from home, equal weighted stock indices, Dr. Copper, the metal with a Ph.D. in economics, and COVID deaths
Despite the markets "living in the second half of 2021," signs are emerging that the next few quarters will be a struggle. Analysts are not as optimistic about the return to normal.
Today's topics include Treasury Secretary Janet Yellen, the ECB's labor market support, odds of eviction on the rise, Japanification, Bloomberg's covid resilience rankings, more on zombie companies, and Elon Musk's great week
AstraZeneca's sold off on news of a new vaccine with 70% efficacy. However, this new vaccine has a couple advantages to those offered by Pfizer and Moderna in recent weeks.
Today's topics include business activity heads lower, inflation forecasts, studying low rates, outperforming the index, loose financial conditions, corporate debt binge, the Fed's corporate bond purchases, more on Mnuchin vs. Powell, checking in on the 60/40 portfolio, and more on the logistic issues for shipping industry
While vaccine news has provided a positive breath recently, infection counts continue to climb across the world. The response between now and the time the vaccine is widely distributed will be critical.
Today's topics include Mnuchin pulls the plug on the Fed, quantifying the effect of Tesla's inclusion in S&P 500, bitcoin valuation, more on pandemic savings rates, FHA looks to make Fannie/Freddie private again before Trump leaves White House, positive seasonal trend for momentum stocks, and the problems with backstopping money market funds
Western Europe has become more stringent in lockdown policies as virus counts rise, but North America has yet to follow suit.
By at least one measure, speculators have not been this bullish on grains since January 2004.