Stocks

Futures Jump Ahead Of Yellen Hearing, Hong Kong Stocks Soar

Global markets and S&P futures rebounded overnight, continuing their advance during Monday’s MLK holiday and recouping all of their Friday losses, tracking gains for shares in most of Europe and Asia on the back of frenzied buying Hong Kong shares by mainland China investors, as traders awaited a speech by Treasury Secretary nominee Janet Yellen…

Goldman Sounds The Alarm On Stocks: When Euphoria Is This High, "It's A Good Time To Reduce Risk"

The past few months can best be characterized as a period of unprecedented market optimism and sheer euphoria, and we have done just that with several recent articles… … and so on. But whereas in the recent past, the euphoria was always bounded by the upper limit reached during the insatiable buying spree of the…

Vaccine Stocks In The Coming Vaccine Glut

Submitted by Thomas Kirchner of Camelot Portfolios Production capacity is built for billions of doses of vaccines. Vaccines are priced for high income countries but unaffordable for poorer countries. Vaccine manufacturers may be less profitable than stock prices imply. Stocks of the developers of Corona-vaccines have been among last year’s top performers. Moderna, for example,…

Goldman Warns Of "Short Term Indigestion" In Stocks, Expects European Double-Dip On Mutant Virus Surge

The global economy – or at least the US-Europe axis – is about to decouple according to Goldman. Just days after Goldman Sachs chief economist Jan Hatzius raised his US GDP forecast for 2021 from 3.9% to 6.4% on the back of expectations for much more aggressive stimulus rollouts from the Biden administration which Goldman…

Goldman: Buy Stocks Despite Dot Com Valuations

Record valuations that have now surpassed dot com levels? Check. Record investor euphoria that is now literally off the chart? Check. None of that is a concern for the investing “professionals” in Goldman’s $575 billion wealth management division, who say that despite the biggest asset bubble in history, US stocks are3 still the best game…

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, "Damaged" Democracy, & Biden's "Trillions"

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the…

Stocks Surge On Expectations Dems Will Unleash Imminent Stimulus Tsunami

After a brief slump overnight, stocks are surging, lead by reflation-friendly small caps which have hit another record, although with the Dow Jones now also at all time highs even the duration-sensitive Nasdaq is in the green. While there is no catalyst to explain the reversal, one argument making the trading desk rounds is the…

Stocks Suffer Worst Start To A Year Since The Dot-Com Crash

The re-awakening of “Blue Wave” risk… Source: Bloomberg …along with escalating pandemic-related lockdowns/restrictions (worse than expected vaccination roll-out and hospitalization panic-mongering like we saw in 2018 due to the flu) sparked the worst start to a year for the S&P since 2001… The entire market was hit with a selling wave at the cash open…

Russell Routed As 'Most Shorted' Stocks Suffer Biggest Puke In 6 Months

Small Cap stocks were clubbed like a baby seal today with the deluge of selling pressure starting the second the cash market opened. Nasdaq 100 futs desperately scrambled to stay green… Of course, Small Caps had the most to lose after an exorbitant rise this month so this could be related to rebalancing flows… Source:…

Railroads Slashed Jobs In Nov To Lowest In Decades… As Stocks Soared To Record Highs

Authored by Wolf Richter via WOLF STREET, Railroads responded to structural challenges by slashing jobs. Did nothing for volume but did everything for their stocks. The North American Class 1 freight railroads – BNSF, Union Pacific, Norfolk Southern, CSX, Canadian National, Kansas City Southern, and Canadian Pacific – have been shedding employees since 2015, and in…

Trumpnado Sparks Late-Day Lurch Lower In Stocks, Dollar Drops On Dismal Data

Core Durable Goods miss, Personal Income and Spending miss and drop, UMich Sentiment miss and drop, total jobless claims remains above 20 million, and new home sales miss and drop… all sending hard and soft macro data plunging… Source: Bloomberg But stocks were up because, hey, it’s just a fleshwound… and stimulus… Fintok about to…

Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone… The Dow is leading the major indices but they are all soaring…

Stocks Slammed At Cash Open As Quad-Witch Weighs On Sentiment

US equity markets surged higher as Europe opened overnight, but as the US cash market opened, stocks broadly speaking puked as the effects of options expirations started to impact direction… Small Caps are bouncing back but S&P, Dow, and Nasdaq are all down notably as SpotGamma warns that post-opex, next week, we could see the…

Global Stocks Hit All Time High On Stimulus Optimism Ahead Of Fed Meeting

Another overnight session, and – predictably – futures are higher in keeping with the most glaringly obvious market trend since 2016 of stocks surging during overnight US trading (while trading flat in regular trading hours)… … alongside world stocks which rose to a fresh record high on Wednesday ahead of today’s Fed meeting – the…

Uranium Stocks Soar After World’s Highest-Grade Uranium Mine Suspends Operation Due To COVID

In the past week, we discussed why uranium stocks – which had been left for dead for much of the past decade – could surge in coming months, not only as a result of last week’s compromise version of the annual National Defense Authorization Act, which provides for the military to continue a policy under…

Stocks Slide As NYC Mayor Warns ‘Prepare For Possibility Of Full Shutdown’

Stocks are leaking lower Monday morning, erasing some of this morning’s vaccine-induced (and possibly dollar- and Brexit-induced) bump,after NYC Mayor Bill de Blasio brought up the possibility of a “full shutdown” of NYC on Monday, the day that restaurants in the city were forced to close as new bans on indoor dining went into effect….

Stocks Slump After McConnell Slams Schumer COVID Relief Rejection

Having dismissed the GOP’s bigger COVID Relief bill offer as “unacceptable”, Dem Leaders Schumer and Pelosi are getting panned by Senate Majority Leader McConnell as he shot back at them: *MCCONNELL SAYS DEMOCRATS MOVING GOALPOSTS ON AID BILL *MCCONNELL SAYS SCHUMER, PELOSI BRUSHING OFF GOP AID PROPOSALS *MCCONNELL SAYS DEMOCRATS NEED TO DECIDE TO MAKE…

Bonds & Bullion Bid As Stocks Skid On Stimulus/Vaccine Stumble

For a few brief moments today, stocks rallied to record highs and all was fixed in the world as leaked “scoops” suggested Mitch McConnell was readying a $900bn COVID Relief Bill that might just work… but then that was dismissed and algos refocused on disappointing vaccine headlines once again… 1154ET SOME STATES’ COVID VACCINE ESTIMATES…

Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze

Uranium stocks soared on Friday after House and Senate lawmakers revealed a compromise version of the annual National Defense Authorization Act. According to S&P Global, the bill effectively provides for the military to continue a policy under President-elect Joe Biden that classifies the domestic supplies of certain minerals such as uranium, graphite and lithium as…

Bank of America Issues A “Code Red” For Stocks

We already discussed how the current market euphoria levels have surpassed dot com levels, but what’s going now, the asset bubble blown by central banks, is absolutely staggering… and it’s only getting crazier. Consider that in just the past 4 weeks there has been a record $115BN inflows into stocks, a record $25BN into EM…

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