10Jan2022 Market Close & Major Financial Headlines: Markets Opened Down Over One Percent Recovering To A Mixed-Status, Dow Closed Down 163 Points, Nasdaq Closed Up Almost 0.1%, Dip-Buyers Rescue Tech-Wreck As Rate-Hike-Odds Soar

Why Are Renewables Stocks Plunging?

Back in 2013, an announcement by the Federal Reserve about pulling back on the central bank’s easy-money policies sent markets into a tizzy. Treasury bond yields skyrocketed, junk bond prices fell, emerging-markets stocks tumbled, and stock volatility was off the charts leading to the coining of a new phrase on Wall Street, “taper tantrum.” Investors were expecting a similar scenario after the Fed met at its annual gathering at Jackson Hole in August to discuss tapering of asset purchases. But alas, the market appears to be taking everything in

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Why-Are-Renewables-Stocks-Plunging.html

Libyas Crude Exports Slump As Bad Weather Shuts Four Oil Ports

Just as Libya partially recovered its oil production, bad weather forced the closure of four oil export terminals in the easta sign that Libyas crude exports in January will be much lower than in November, the last month of relatively stable and normal operations at its oilfields and oil ports. The ports in eastern LibyaEs Sider, Ras Lanuf, Zueitina, and Harigawere all closed on Saturday, and could remain closed until the start of next week, two sources told Bloomberg on Monday. The port closures due to bad weather

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Libyas-Crude-Exports-Slump-As-Bad-Weather-Shuts-Four-Oil-Ports.html

What Caused The Kazakhstan Crisis?

The current unrest in the Kazakhstan capital, Nur-Sultan, and other Kazakh cities (particularly Almaty, the commercial capital), has broad implications for the security of Central Asia and Russia; is linked to the security breakdown in Afghanistan; and is linked to internal power politics of Kazakhstan itself. Kazakhstan Pres. Kassym-Jomart Tokayev took so much advantage of riots over rising fuel prices that the events seemed to have been tailored by him. But Russia and the United States also had an interest in the strategic diversion which

Read more at: https://oilprice.com/Energy/Energy-General/What-Caused-The-Kazakhstan-Crisis.html

Europes Gas Prices Rise On Muted Russian Supply, Cold Weather

Europes natural gas prices rose again on Monday as extra supply from Russia continues to be limited, while colder temperatures point to higher demand later this week. Natural gas prices at the Dutch TTF hub, the benchmark for European gas, had risen by 5 percent by mid-day on Monday, after yet another day in which gas on the Yamal-Europe pipeline via Belarus to Poland and Germany flows in the reverse direction from Germany to Poland. The Yamal-Europe pipeline has now been sending gas eastwards since December 21, according to data

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Europes-Gas-Prices-Rise-On-Muted-Russian-Supply-Cold-Weather.html

The New Solar Roof That Is Half The Price Of Teslas

Talk with any roofer or solar company that has worked with the solar shingle product, well bet theyll tell you that the Tesla solar roof is one of the most complex and intricate roofing systems that they have ever seen, says regional solar energy company Southern Energy Management. Teslas newest venture involves textured, undeniably aesthetically pleasing solar tiles that emulate standard shingles. While the company has endeavored to break into the mainstream with this new product, its been a tough sell,

Read more at: https://oilprice.com/Energy/Energy-General/The-New-Solar-Roof-That-Is-Half-The-Price-Of-Teslas.html

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, largely because of soaring coal-fired power generation in America, independent research provider Rhodium Group said in a new report on Monday. U.S. greenhouse gas emissions surged by 6.2 percent in 2021 compared to 2020, Rhodium Group said in its preliminary estimates, which put the United States further off track to achieve the Biden Administration’s climate goals. Emissions remained 5 percent below pre-pandemic levels, Rhodium Group said, but

Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Emissions-Jumped-In-2021-As-Coal-Power-Generation-Surged.html

Novavax CEO says its Covid vaccine could be cleared in multiple countries over next 90 days

The vaccine maker expects feedback from American regulators in February.

Read more at: https://www.cnbc.com/2022/01/10/novavax-ceo-covid-vaccine-could-be-cleared-in-multiple-countries-soon.html

Petition for $2,000 monthly stimulus checks has 3 million signatures. ‘Americans need some certainty,’ says restaurateur who started it

Restaurant owner Stephanie Bonin started a petition for monthly payments in March 2020. Nearly two years later, the cause still resonates with many Americans.

Read more at: https://www.cnbc.com/2022/01/10/petition-for-2000-stimulus-checks-reaches-3-million-signatures.html

A universal flu vaccine may be the next big mRNA breakthrough for Moderna, Pfizer

Pfizer and Moderna are utilizing the same mRNA technology found in Covid-19 vaccines to try to develop a one-time universal flu cure.

Read more at: https://www.cnbc.com/2022/01/10/universal-flu-vaccine-may-be-next-big-moderna-pfizer-mrna-development.html

Johnson & Johnson is spinning off its consumer division, which could come with risks

Wall Street analysts say Johnson & Johnson’s decision to spin off its consumer division is overall a smart business move but it could come with some risks.

Read more at: https://www.cnbc.com/2022/01/10/johnson-johnson-spin-off-consumer-division.html

Pfizer CEO says omicron vaccine will be ready in March

Pfizer CEO Albert Bourla said the goal is to produce a vaccine that is much better at preventing infection from omicron.

Read more at: https://www.cnbc.com/2022/01/10/covid-vaccine-pfizer-ceo-says-omicron-vaccine-will-be-ready-in-march.html

5 things to know before the stock market opens Monday

U.S. stock futures dropped Monday after a rough first trading week of the new year as tech stocks were battered by rising bond yields

Read more at: https://www.cnbc.com/2022/01/10/5-things-to-know-before-the-stock-market-opens-monday-jan-10.html

Moderna working with world health leaders on Covid booster for this fall that targets omicron, CEO says

Moderna CEO Stephane Bancel said the omicron-specific booster will enter clinical trials soon.

Read more at: https://www.cnbc.com/2022/01/10/covid-vaccine-moderna-ceo-says-fall-booster-shots-will-likely-target-omicron.html

Crocs sees fourth-quarter sales up 42%; CEO Andrew Rees says 2021 was ‘exceptional year’

Crocs said it sees sales in 2021 climbing about 67% from 2020, more than it previously anticipated.

Read more at: https://www.cnbc.com/2022/01/10/crocs-sees-fourth-quarter-sales-up-42percent-capping-an-exceptional-year-.html

Pizza Hut adds Beyond Meat sausage to Canadian menus permanently

Pizza Hut restaurants in Canada are adding Beyond Meat’s plant-based sausage to their menus permanently, starting Monday.

Read more at: https://www.cnbc.com/2022/01/10/pizza-hut-adds-beyond-meat-sausage-to-canadian-menus-permanently.html

Lululemon shares fall after retailer sees fourth-quarter earnings, sales hurt due to omicron

CEO Calvin McDonald said the retailer started the holiday season on a strong note but has since faced consequences of the latest surge in Covid cases in the U.S.

Read more at: https://www.cnbc.com/2022/01/10/lululemon-says-sees-fourth-quarter-earnings-sales-hurt-due-to-omicron.html

Experts cast doubts over reported ‘deltacron’ variant, say likely due to lab contamination

Global experts are casting doubts over reports of a new possible Covid strain appearing to combine both the delta and omicron variants and dubbed “deltacron.”

Read more at: https://www.cnbc.com/2022/01/10/deltacron-variant-prompts-doubts-among-experts-as-possible-lab-error.html

2021 ranks as fifth hottest year on record as global greenhouse gas emissions rise

Human-caused climate change has fueled hotter temperatures and drier conditions across the world.

Read more at: https://www.cnbc.com/2022/01/10/2021-ranks-as-fifth-hottest-year-as-carbon-methane-emissions-rise.html

Novak Djokovic back on a tennis court after Australian judge revokes visa cancellation

But the saga isn’t over — Australia’s immigration minister can still personally step in and cancel his visa regardless on new grounds.

Read more at: https://www.cnbc.com/2022/01/10/australian-judge-overturns-tennis-star-novak-djokovics-visa-cancellation.html

Citius, Altius, Debilius: Dip-Buyers Rescue Tech-Wreck As Rate-Hike-Odds Soar

Citius, Altius, Debilius: Dip-Buyers Rescue Tech-Wreck As Rate-Hike-Odds SoarIf the market is to be believed, Fed rates are going higher, faster, and sooner than anyone expected… while the economy (and the market) are weaker than most expected and inflation dramatically higher than every establishment groupthinker could imagine…

March rate-hike odds are over 90%…

Source: Bloomberg

And the market is pricing in 4 rate-hikes this year…

Read more at: https://www.zerohedge.com/markets/citius-altius-debilius-tech-wreck-continues-fed-rate-hike-odds-soar

Jamie Dimon One-Ups Goldman: Says He Would Be “Surprised” With Just 4 Rate-Hikes

Jamie Dimon One-Ups Goldman: Says He Would Be “Surprised” With Just 4 Rate-HikesFresh off his appearance at Monday morning’s JP Morgan Health Care Conference, JP Morgan CEO Jamie Dimon appeared on CNBC (opposite Bertha Coombs) for an early afternoon interview as the Nasdaq entered correction territory amid a broader market rout.

As often happens on the rare occasion when stock markets are red, the producers at CNBC, who are paid by advertisers who all have an interest in pumping the market, typically panic and make desperate calls to powerful people who can help restore “confidence” in the market.

More often than not, it seems, their first call is to JPM CEO Jamie Dimon, the most trusted (by the people who participate in financial markets) megabank CEO on Wall Street.

And today, he had a convenient excuse, appearing to purportedly pitch a new health initiative in connection with the firm’s health-care conference.

Coombs led with the most important stuff first, ask …

Read more at: https://www.zerohedge.com/markets/jamie-dimon-one-ups-goldman-says-he-would-be-surprised-just-4-rate-hikes

100 “Fringe” Predictions For 2022

100 “Fringe” Predictions For 2022Submitted by QTR’s Fringe Finance

Having already provided my semi-lengthy look at 22 stocks that I am watching heading into 2022 (you can view that far more serious post here), I wanted to do something more fun, and less serious to open the new year.

Heading into each new year, contained herein are 80 predictions of mine – void of all analysis and disclaiming any and all guarantees that I have any idea what I’m talking about. Absolutely none of these are to be considered life advice, investment advice or solicitations to buy or sell securities, sectors or industries mentioned.

Please note that I have personal financial exposure to some elements in this list and that these are nothing more than wild-ass guesses, for fun, of what I think the coming year could bring.

This list is for fun only – and is all opinion only.

Read more at: https://www.zerohedge.com/markets/100-fringe-predictions-2022

Iran Hails Nuke Talk Progress, But Israel Warns: ‘We Won’t Be Bound By Any Deal’

Iran Hails Nuke Talk Progress, But Israel Warns: ‘We Won’t Be Bound By Any Deal’On Monday Iran’s foreign ministry hailed “progress” by “all parties” during the latest round of ongoing nuclear talks in Vienna. Compared to the prior pessimism coming out of the US side (which is negotiating in Vienna indirectly), the fresh statements are a rare bright spot suggesting a final restored JCPOA deal could actually be in sight.

“There has been good progress on all four issues of removing sanctions, nuclear issues, verification and obtaining guarantees” Iran’s foreign ministry spokesman Saeed Khatibzadeh told a Monday press conference. He cited “the result of the efforts made by all parties to reach a stable agreement”.

Image: Office of the Prime Minister, i24 News”We are seeking a reliable and stable deal,” Khatibzadeh said. “If the other party thinks an unstable and unreliable agr …

Read more at: https://www.zerohedge.com/geopolitical/iran-hails-nuke-talk-progress-israel-warns-we-wont-be-bound-any-deal

Ikea cuts sick pay for unvaccinated staff forced to self-isolate

The retail giant joins a growing list of firms changing their rules as staff absences and costs begin to bite.

Read more at: https://www.bbc.co.uk/news/business-59930206?at_medium=RSS&at_campaign=KARANGA

Housebuilders told to remove unsafe cladding on low buildings

Firms making profits through the cladding crisis are warned by the government that we’re “coming for you”.

Read more at: https://www.bbc.co.uk/news/business-59935333?at_medium=RSS&at_campaign=KARANGA

Energy bills: Fix insulation to tackle cost of heating, PM told

An industry group is calling for more funding for home improvements to help bring down the cost of heating homes.

Read more at: https://www.bbc.co.uk/news/business-59917640?at_medium=RSS&at_campaign=KARANGA

2 reasons why $14 bn fund manager feels Nifty has more downside left

The market breadth has deteriorated more than it did in earlier phases of correction with just about 16 per cent of the Nifty500 index now above the 50-day moving average. This, analysts believe, is a red flag for trend continuation.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/2-reasons-why-14-bn-fund-manager-feels-nifty-has-more-downside-left/articleshow/88804081.cms

Keep following the sectoral cycles to maintain portfolio health

BSE Capital Goods index, between September 2000 and January 2007, was up a whopping 32 times — up 62 per cent between September 2000 and April 2003 when the Sensex fell 28 per cent and up 19 times between April 2003 and December 2007.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/keep-following-the-sectoral-cycles-to-maintain-portfolio-health/articleshow/88809653.cms

Mutual fund SIP contribution hits record Rs 11,305 crore

Amfi data released for the month of December said investors invested a net Rs 25,076.71 crore from equity oriented funds thanks to consistent flows to NFOs

Read more at: https://economictimes.indiatimes.com/markets/bonds/mutual-fund-sip-contribution-hits-record-rs-11305-crore/articleshow/88815036.cms

: SEC’s Gensler won’t say whether ether is a security, amid crypto market slide

Is the cryptocurrency ether a security? Gary Gensler, who heads the U.S. Securities and Exchange Commission, wouldn’t say in a televised interview on Monday.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-784E-D6710E9C634F%7D&siteid=rss&rss=1

The Tell: Buy the dip, says JPMorgan. ‘Markets can handle higher yields’

Investors should buy the dip in the stock market as the selloff sparked by last week’s ‘hawkish surprise’ in the Federal Reserve’s meeting minutes is arguably overdone, according to analysts at JPMorgan Chase & Co.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7852-0D94E4B4CB09%7D&siteid=rss&rss=1

The Wall Street Journal: U.S. and Russia see little progress in early security talks on Ukraine crisis

U.S. and Russian negotiators failed to narrow their differences in security talks in Geneva on Monday against the backdrop of Moscow’s military buildup near Ukraine, U.S. and Russian diplomats said.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7852-96E82EFE89A5%7D&siteid=rss&rss=1