Friday 8 January 2021

Murdoch Turns On Trump. Resign.

Baltic Dry Index. 1448 +23 Brent Crude 54.66

Spot Gold 1908 

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

Deaths 53,100

Coronavirus Cases 08/01/21 World 88,506,564

Deaths 1,906,770

“Neither snow nor rain nor heat nor storming the US Capitol stays these stock gamblers from the swift completion of their appointed stock mania" 

With apologies to the US Postal Service.

Who knew storming the US Senate and Congress could be so good for US and global stocks. Perhaps it’s too much to call for an annual event, but every four years tied to the US Presidential cycle, perhaps? 

Of course, it’s just a reflection of just how hopelessly distorted our central bankster, Magic Money Tree economies have become under the Great Nixonian Error of fiat money.

But for how much longer will the Great Nixonian Error last?  

Under President Biden, the spigots of free money are about to turned full open. Everyone and their dog are about to become millionaires. And why not? It’s only fiat money after all, and there’s plenty more where that comes from.

Still it’s probably a good idea now for President Nero to stay away from President Biden’s upcoming inauguration. Even the WSJ has turned on Trump.

Asian Stocks Follow U.S. Higher; Bond Yields Climb: Markets Wrap

By Cormac Mullen and Rita Nazareth

Updated on January 8, 2021, 4:49 AM GMT

U.S. equities close at fresh all-time highs; Tech outperforms

Asian stocks followed their U.S. peers higher Friday as a surge in technology shares and continued hopes for more stimulus boosted sentiment. Treasuries slipped and the dollar steadied after overnight gains.

Stocks climbed across much of the region, with South Korea outperforming after Hyundai Motor Co. said it is in early talks with Apple Inc. over developing self-driving electric vehicles. Hong Kong rose, weathering MSCI Inc.’s decision to remove China’s three major telecommunications companies from its benchmark indexes.

U.S. futures advanced after all major equity indexes notched records, with about 70% of the companies in the S&P 500 in the green and the Nasdaq 100 jumping 2.5%. The Dow Jones Transportation Average -- a proxy for economic activity -- also hit an all-time high, while the Russell 2000 Index of small caps extended a three-day advance to almost 8%. Benchmark Treasury yields climbed toward 1.10%.

Elsewhere, Bitcoin dropped after topping $40,000. Oil edged higher and gold dipped.

A day after violence rocked the U.S. Capitol, investors are betting Democrat control of the Senate will pave the way for Biden to bring his legislative agenda to life to counter the economic impact of the pandemic. While campaigning in Georgia before the runoff elections, he vowed that $2,000 stimulus checks would be sent out “immediately” if his party won the state.

President Donald Trump pledged Thursday to pursue a smooth transition and condemned the earlier unrest, which occurred after he had urged his angry supporters to take action.

More

https://www.bloomberg.com/news/articles/2021-01-06/moderna-gets-eu-approval-allergic-reactions-rare-virus-update?cmpid=BBD010721_BIZ&utm_medium=email&utm_source=newsletter&utm_term=210107&utm_campaign=bloombergdaily

China study says Wuhan COVID infections 3 times higher than official figure

January 8, 2021

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