Monday, 30 November 2020

Boom Time For Stocks? Shame About Everything Else.

 Baltic Dry Index. 1230 +11 Brent Crude 48.48

Spot Gold 1770

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100 

Coronavirus Cases 30/11/20 World 63,072,905

Deaths 1,465,186

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only. 

The Fed, with apologies to Charles Dickens.

It’s party time in global stock markets, thanks to all the central bankster Magic Money Trees. Who knew that the banksters all along had a Magic Money Forest that they kept hidden from the rest of us?

Now that the Democrats are taking control, I bet we haven’t seen anything yet. Come Christmas 2021, we’re all going to be millionaires! 

Should I order my EV Rolls Royce now to beat the rush?

Stocks Slip as Record Month Nears End; Oil Falls: Markets Wrap

By Adam Haigh

November 29, 2020, 9:09 PM GMT Updated on November 30, 2020, 5:39 AM GMT

  • OPEC+ fails to agree on output-hike delay before big meeting
  • Powell testifies, U.S. jobs report among this week’s events

Dollar to Continue on Gradual Depreciation Path: UBP

Stocks in Asia swung from gains to losses along with U.S. and European equity futures as investors monitored progress on the path to a coronavirus vaccine on the final day of a record month for global equities. Oil retreated.

S&P 500 futures began the trading week higher, then slipped, as did Australian and Japanese shares. A gauge of the dollar extended its recent retreat to the lowest level since April 2018. Chinese equities outperformed as activity in the country’s manufacturing sector picked up faster than expected in November and the central bank unexpectedly injected funds into the financial system. Oil retreated after an OPEC+ agreement to postpone an output increase planned for January remained elusive before a meeting Monday. Gold dropped.

On Sunday, U.S. Surgeon General Jerome Adams said the federal government hopes to quickly review and approve requests from two big drugs makers for emergency approval of their Covid-19 vaccines. Meanwhile, Reuters reported that the Trump administration is adding SMIC and CNOOC Ltd. to a blacklist of alleged Chinese military companies.

Global equities are up 13% in November as positive vaccine news helped drive expectations that a global economic recovery can pick up in 2021, helping flows into companies with earnings more closely tied to a rebound in growth. Goldman Sachs Group Inc. expects a large proportion of the public across major developed economies to receive a vaccine by the middle of 2021, driving a “sharp pickup” in global growth. While New York City schools will begin to reopen Dec. 7, California cases rose to a record after Los Angeles and San Francisco imposed tighter restrictions.

“As long as the trajectory in economic data is one for improvement, then there is room for the cyclical areas to outperform,” Nader Naeimi, a multi-asset fund manager at AMP Capital Investors Ltd., said on Bloomberg TV. “Those cyclical, value areas are likely to be beneficiaries of the environment we are going into post vaccine and more normalization.”

A full meeting of OPEC and its allies will take place Monday, and unless an agreement is revised this week, they will restart about 1.9 million barrels a day of halted output threatening to undermine the recent surge in crude prices.

These are some key events coming up:

  • OPEC holds a virtual full ministerial meeting to make a final decision on whether a production supply hike should proceed as scheduled in January.
  • The Reserve Bank of Australia holds a policy meeting on Tuesday.
  • Federal Reserve Chairman Jerome Powell testifies before Congress on Tuesday and Wednesday.
  • The U.S. employment report on Friday is expected to show more Americans headed back to work in November, though at a slower pace than last month.


Global shares rest after 'awesome' month, China factories speed up

November 30, 2020

Saturday, 28 November 2020

Special Update 28/11/2020 Stocks - Great Expectations.

 Baltic Dry Index. 1230 +08  Brent Crude 48.18

Spot Gold 1788

Covid-19 cases 21/11/20 World 57,910,511

Deaths 1,377,745

Covid-19 cases 28/11/20 World 62,554,862

Deaths 1,457,538

28 November 1918. Kaiser Bill Abdicates.

Kaiser Wilhelm II abdicated as German Emperor and King of Prussia in November 1918. The abdication was announced on 9 November by Prince Maximilian of Baden and was formally enacted by Wilhelm's written statement on 28 November, made while in exile in Amerongen, the Netherlands. This ended the House of Hohenzollern's 500-year rule over Prussia and its predecessor state, Brandenburg. Wilhelm ruled Germany and Prussia from 15 June 1888 through 9 November 1918, when he went into exile.

In the stock casinos, you wouldn’t know that there’s an uncontained coronavirus pandemic underway, one that devastating large sections of the G-20 economies.

In the casinos, it’s all about massive free money from the central banksters and crony “capitalism.”

On Monday in the casinos, it’s time again to dress up the stock indexes for the month-end performance bonuses.

Later next month, in a move that’s widely expected to cause a year-end new stock mania, Tesla gets added to the S&P 500.

To this old dinosaur market watcher, it seems to me to be yet more bubble and mania. Like all previous bubbles and manias, it's highly likely to end in a crash.

At the start of 1918, Kaiser Bill thought he was onto a winning roll. Russia was out of the war, his armies were surging again on the western front, what could possibly go wrong?

On the 28th of November 1918, Kaiser Bill put in writing his abdication, ending 500 years of his dynasty’s rule and just under 40 years of the German Empire.

Life can play out very differently to what we expect. We don’t always get what we expect, but we usually get what we deserve.

Stocks at record high but yields fall, dollar under pressure

November 27, 2020