21Jan2022 Market Close & Major Financial Headlines: The Fat Lady Is Singing: The Bear Are In Charge, 2022's Tech-Wreck Is Worst In Over 30 Years, Markets On Track For Worst Week In More Than A Year

Wall Street open down but the BTFD investors moved the major indexes into the green, then bears chased them away and the equities slipped into the doldrums. The DOW ended down 450 points, NASDAQ down a whopping 2.7%, and the S&P 500 cratered down 1.9%.

A scary beginning of 2022 for clean energy stocks. U.S. West Texas Intermediate crude oil futures are under pressure on the last day of the week, amid an unexpected rise in U.S. crude and fuel inventories.

In other news, it has been two years since COVID was first confirmed in U.S. Recent studies show the pandemic is worse than anyone imagined.

The market is sending The Fed some very clear signals as it prices in an aggressive rate-hiking trajectory this year (just as the economic data starts to gravely disappoint) warning that it is ‘panicking.’

Tensions over Ukraine aren’t rattling financial markets so far, but investors still appear likely to snap up traditional safe-haven assets should Russia invade, market watchers said.

As usual, we have included below the headlines and news summaries moving the markets today.

The Market in Perspective

Here are the headlines moving the markets.
	Oil Prices Under Pressure As Crude Inventories Rise U.S. West Texas Intermediate crude oil futures are under pressure on Friday, amid an unexpected rise in U.S. crude and fuel inventories, according to a government report released the previous session. Profit-taking ahead of the week-end and next weeks Fed meeting are also being blamed for the weakness. Furthermore, were likely seeing some hedge fund selling due to margin calls being triggered by the steep sell-off in the U.S. equity markets. EIA Reports First US Crude Build Since November, Gasoline Inventories Hit 11-Month High U.S. Read more at: https://oilprice.com/Energy/Energy-General/Oil-Prices-Under-Pressure-As-Crude-Inventories-Rise.html
	Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a triple deficit of low inventories, low spare production capacity, and low investment, Morgan Stanley said in a note carried by Reuters. The bank now expects oil at $100 in the third and fourth quarters of this year, lifting its previous Q3 and Q4 forecasts from $90 and $87.50 a barrel, respectively. The key oil Read more at: https://oilprice.com/Latest-Energy-News/World-News/Morgan-Stanley-Jumps-On-The-100-Oil-Bandwagon.html
	A Nightmare Start To The Year For Clean Energy Stocks 1. OPEC+ Underproduction Sparks $100 per Barrel Hype- With crude oil prices breaking the $90 per barrel threshold this week, an increasing number of voices have been forecasting a soon-to-happen surge to $100 per barrel, for the first time since 2014. – Several OPEC officials surveyed by Reuters claimed that the coming two months might see increased volatility as supply disruptions, such as Libyas recent month-long force majeure, should remain on the table. – By November 2021 OPEC+ production was already 650,000 b/d below the intended target, Read more at: https://oilprice.com/Energy/Energy-General/A-Nightmare-Start-To-The-Year-For-Clean-Energy-Stocks.html
	Oil Prices Fall Back Despite Bullish Predictions Oil prices rallied this week on a set of bullish predictions from major investment banks but may have climbed too high too fast.Friday, January 21st, 2022Leading investment banks issued their outlooks for 2022 this week, with both Goldman Sachs and Morgan Stanley expecting crude oil prices to hit $100 per barrel this year as oil inventories continue to ebb further and OPEC+ spare capacity falls. These reports drove ICE Brent past the $90 per barrel mark for the first time since 2014 this week, but the oil rally fizzled out by Friday as the priced-in Read more at: https://oilprice.com/Energy/Energy-General/Oil-Prices-Fall-Back-Despite-Bullish-Predictions.html
	U.S. Crude Exports Boom Amid Recovering Global Demand U.S. crude oil exports have jumped in recent weeks as America leads supply growth amid steady and resilient global demand, according to commodity analytics provider Kpler, cited by Reuters. In December, Americas crude oil exports averaged 3.2 million barrels per day (bpd), Matt Smith, a lead oil analyst for the Americas at Kpler, told Reuters. That, according to Kpler, was the highest crude export volume in a month since February 2020, just before the pandemic crippled global oil demand. So far in January, U.S. crude oil exports have increased Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Crude-Exports-Boom-Amid-Recovering-Global-Demand.html
	Russia’s Increasingly Aggressive Geopolitical Maneuvering Politics, Geopolitics & Conflict Ukraine: While the Ukraine-Russia conflict seems to be escalating, its still a lot of hot air at the moment. There are Russian war games in Belarus, UK arms shipments to Ukraine, and American senators pow-wowing on the ground in Kyiv. Germany has still shown no backbone in this game, and the coalition is growing more disunified in its position on Russia by the day. Russia will win the diplomatic victory here unless there is a German response that doesnt bow to Russian money and politics. Libya: Read more at: https://oilprice.com/Energy/Energy-General/Russias-Increasingly-Aggressive-Geopolitical-Maneuvering.html
	Tom Cruise’s ‘Mission Impossible 7’ and ‘8’ have been delayed until 2023 and 2024 Paramount Pictures and Skydance said the seventh and eighth installments in the Mission Impossible franchise would be delayed due to the ongoing pandemic. Read more at: https://www.cnbc.com/2022/01/21/tom-cruises-mission-impossible-7-and-8-have-been-delayed.html
	Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined With the emergence of omicron, the future course of the pandemic is unclear as experts struggle to understand how new variants emerge. Read more at: https://www.cnbc.com/2022/01/21/omicron-two-years-since-covid-was-first-confirmed-in-us-the-pandemic-is-worse-than-anyone-imagined.html
	Nike executive Larry Miller says he’s thankful family of man he killed as a teen forgives him Larry Miller, chairman of Nike’s Jordan brand, is now decades later talking about his troubled past in a new memoir. Read more at: https://www.cnbc.com/2022/01/21/nike-executive-larry-miller-thankful-family-of-man-he-killed-forgives-him.html
	U.S. judge blocks Biden vaccine mandate for federal workers in latest blow to White House Covid agenda Biden’s rule “amounts to a presidential mandate that all federal employees consent to vaccination against COVID-19 or lose their jobs,” the judge wrote. Read more at: https://www.cnbc.com/2022/01/21/biden-covid-vaccine-rules-judge-blocks-mandate-for-federal-workers.html
	Stocks making the biggest moves midday: Netflix, Peloton, Disney and more These are the stocks posting the largest moves in midday trading. Read more at: https://www.cnbc.com/2022/01/21/stocks-making-the-biggest-moves-midday-netflix-peloton-disney-and-more.html
	Central banks are ‘sleeping at the driving wheel’ as inflation spirals, says Brazil minister Brazil’s economic minister warned Friday that Western central bankers are “sleeping at the driving wheel” as economies slip deeper into a high inflation environment. Read more at: https://www.cnbc.com/2022/01/21/central-banks-asleep-at-the-wheel-as-inflation-spirals-brazils-guedes.html
	GM announces new high-performance Cadillac Escalade V-Series SUV The new version of the Cadillac Escalade adds to GM’s growing lineup of high-powered gasoline models ahead of the automaker’s push toward electric vehicles. Read more at: https://www.cnbc.com/2022/01/21/cadillac-escalade-v-gm-unveils-new-high-performance-suv.html
	China’s zero-Covid policy now looks like a ‘burden’ and it needs to reassess, IMF says The International Monetary Fund’s managing director said Friday that China’s zero-Covid policy is increasingly looking like a “burden.” Read more at: https://www.cnbc.com/2022/01/21/imf-chinas-zero-covid-policy-a-burden-to-domestic-and-global-economy.html
	Warren Buffett’s MidAmerican Energy plans $3.9 billion renewables project in Iowa The United States is already home to a well-developed onshore wind sector. Read more at: https://www.cnbc.com/2022/01/21/buffetts-midamerican-energy-plans-3point9-billion-wind-solar-project.html
	5 things to know before the stock market opens Friday U.S. stock futures dropped Friday as Netflix shares plunged in the premarket on slowing subscriber growth. Read more at: https://www.cnbc.com/2022/01/21/5-things-to-know-before-the-stock-market-opens-friday-jan-21.html
	Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs Peloton said it’s resetting its production levels and considering layoffs in order to make its business more “flexible.” Read more at: https://www.cnbc.com/2022/01/21/peloton-shares-up-after-ceo-says-it-must-right-size-production-levels-consider-layoffs.html
	Children under 5 are not eligible for Covid vaccination. Doctors have this advice to protect them during the omicron surge Covid hospitalizations of children under 5 are rising, the CDC says, and that age group can’t get vaccines. Doctors explain how parents can protect them. Read more at: https://www.cnbc.com/2022/01/21/kids-under-5-cant-get-covid-vaccines-doctors-explain-how-to-protect-them-during-omicron.html
	Kids’ Covid hospitalizations hit pandemic high, worrying doctors and parents about long-term impact Doctors at children’s hospitals in Atlanta, Chicago, Cleveland, Denver and Washington are seeing more kids hospitalized with Covid than ever before. Read more at: https://www.cnbc.com/2022/01/21/kids-covid-hospitalizations-hit-pandemic-high-worrying-doctors-and-parents-.html
	Markets Scream ‘Panic’ To Powell As 2022’s Tech-Wreck Is Worst In Over 30 Years Markets Scream ‘Panic’ To Powell As 2022’s Tech-Wreck Is Worst In Over 30 YearsThe market is sending The Fed some very clear signals as it prices in an aggressive rate-hiking trajectory this year (just as the economic data starts to gravely disappoint) warning that it is ‘panicking’ and deserves ‘more’… Panic Signals include….1) Indices puking hard This the 3rd straight weekly loss for the S&P (its longest weekly losing streak since Sept 2020) with every bounce hit hard. Nasdaq and Small Caps were the hardest hit this week with The Dow the best of a bad bunch. This was the worst week for Nasdaq Since March 2020, Russell 2000’s worst week since June 2020, and S&P and Dow’s worst since Oct 2020… Nasdaq is now suffering … Read more at: https://www.zerohedge.com/markets/market-screams-panic-powell-tech-wrecks-worst-over-30-years
	Planet Fitness Expands While Peloton Fades Into Darkness Planet Fitness Expands While Peloton Fades Into DarknessCOVID-19 crushed the gym industry, and many closed their doors over the last two years. People replaced gym memberships with daily rides on Peloton stationary bikes at home. However, the trend to replace gym workouts with at-home ones appears to be waning fast as Planet Fitness is expected to increase its national footprint. Let’s begin with the Peloton news this week of alleged leaked memos containing confidential information that led CNBC to publish a report about the company experiencing a “significant reduction” in demand. Meanwhile, Planet Fitness, one of the largest fitness clubs in the US with over 2,000 locations, is set to embark on a debt borrowing binge next week to expand its gym locations on a bet that consumers are expected to return as the Omicron spread eases. “For Planet Fitness, as much as $325 million of the money it raises will help pay for more than 100 gyms that it’s buying for $800 million by taking over its oldest franchisee, Sunshine Fitness Growth Holdings. The rest of the bonds it sells will refinance debt,” Bloomberg said. We see a major trend playing out: at-home workouts slump as the virus eases and people return to the gym. Already, Peloton workouts completed worldwide topped in the fourth quarter of 2021. Either people are getting lazy or they’re giving up on their bike and returning to the gym. Read more at: https://www.zerohedge.com/markets/peloton-dead-why-gyms-are-here-stay
	JPMorgan Models War Between Russia And Ukraine: Sees Oil Soaring To $150, Global Growth Crashing JPMorgan Models War Between Russia And Ukraine: Sees Oil Soaring To $150, Global Growth CrashingWith Morgan Stanley joining Goldman and calling for $100 oil, and Bank of America’s commodity strategist Francisco Blanch one-upping both, and today laying out the case for $120 oil… … on Friday afternoon JPMorgan trumped all of its banking peers with a report that is especially troubling if not so much for the implications from its “theoretical” modeling, but for the fact that Wall Street is now actively assessing what may be the start of World War 3. In a note from the bank’s economists Joseph Lupton and Bruce Kasman (available to pro subs) which picks up where our article “Shades Of 2008 As Oil Decouples From Everything” left off, JPM writes that oil shocks have a long history of driving cyclical downturns, with US recessions often associated with oil price spikes… Read more at: https://www.zerohedge.com/markets/jpmorgan-models-war-between-russia-and-ukraine-sees-oil-soaring-150-global-growth-crashing
	The Other “Big Lie”: Democrats Fuel Doubts Over The Legitimacy Of The Coming Elections The Other “Big Lie”: Democrats Fuel Doubts Over The Legitimacy Of The Coming ElectionsAuthored by Jonathan Turley, Below is my column in the Hill on the increasing claims by Democrats that there is a “plot” to “steal” the 2024 election. President Joe Biden has returned to that claim in his last three major public appearances. In his press conference, President Biden referred to how Republicans want to “change the outcome of the election” and that the next election in 2024 could “easily be made illegitimate.” He added that “the increase in the prospect of being illegitimate is in direct proportion to us not being able to get these reforms passed.” If that sounds familiar, it is because it what the Democrats accused Trump of doing before the 2020 election. Here is the column: Napoleon Bonaparte once observed that “History is a set of lies agreed upon.” The problem today is that … Read more at: https://www.zerohedge.com/political/other-big-lie-democrats-fuel-doubts-over-legitimacy-coming-elections
	Firms call for urgent help with energy bills Five business groups write to Chancellor Rishi Sunak asking for support for firms on energy costs. Read more at: https://www.bbc.co.uk/news/business-60087798?at_medium=RSS&at_campaign=KARANGA
	Ex-Credit Suisse chief also broke Covid rules going to Euros final Ex-Credit Suisse chief António Horta-Osório went to Wembley on same day he attended Wimbledon. Read more at: https://www.bbc.co.uk/news/business-60066436?at_medium=RSS&at_campaign=KARANGA
	Omicron spread led shoppers to desert High Street Retail sales fell 3.7% last month as Plan B restrictions hit pre-Christmas spending. Read more at: https://www.bbc.co.uk/news/business-60066434?at_medium=RSS&at_campaign=KARANGA
	15 multibaggers in 15 sessions: How investors minted money in 2022! Shares of Tranway Technologies, Triveni Glass, Orosil Smiths, Kellton Tech, BCL Enterprises, Ruttonsha International Rectifier, Tinna Rubber and Infra, Shanti Educational and Zodiac Energy have jumped between 100-145 per cent during the period under review. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/15-multibaggers-in-15-sessions-how-investors-minted-money-in-2022/articleshow/89033803.cms
	Freefall: Paytm shares fall another 4% to hit lifetime low The stock hit a lifetime low of Rs 952, down about 4 per cent. It is now down 56 per cent from its IPO price of Rs 2,150 Read more at: https://economictimes.indiatimes.com/markets/stocks/news/freefall-paytm-shares-fall-another-4-to-hit-lifetime-low/articleshow/89038621.cms
	Zomato investors get a reality check; stock down 13% in 4 sessions On Friday, the scrip fell another 10 per cent to hit a fresh 52-week low of Rs 113.15. With this, the scrip also slipped below the listing price of Rs 115 on NSE. The stock has fallen nearly 17 per cent in four sessions. The stock’s market cap also fell below Rs 1 lakh crore during the crash. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/zomato-inches-closer-to-listing-price-falls-13-in-4-sessions/articleshow/89035009.cms
	: Amazon and its fleet EV alliance caution GM, Toyota and others they’ll shop elsewhere if battery life, sedan demand not met Amazon, DHL and others who know they’ll need electric vehicles in 5 years want an open charging network, sedans as well as trucks, and more, they tell automakers. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-789F-621A4CE1FE4F%7D&siteid=rss&rss=1
	Market Extra: How a Russian invasion of Ukraine could trigger market shock waves Tensions over Ukraine aren’t rattling financial markets so far, but investors still appear likely to snap up traditional safe-haven assets should Russia invade, market watchers said. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7898-B8E849258EDB%7D&siteid=rss&rss=1
	Market Extra: Here’s one reason the stock market is selling off in the final hour of trade: ‘We’ve shifted from buy the dip to sell the rally,’ says analyst Another day, another rally that turned very, very pear-shaped. Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7897-FB58987887F3%7D&

21Jan2022 Market Close & Major Financial Headlines: The Fat Lady Is Singing: The Bear Are In Charge, 2022’s Tech-Wreck Is Worst In Over 30 Years, Markets On Track For Worst Week In More Than A Year

The Market in Perspective

Oil Prices Under Pressure As Crude Inventories Rise

Morgan Stanley Jumps On The $100 Oil Bandwagon

A Nightmare Start To The Year For Clean Energy Stocks

Oil Prices Fall Back Despite Bullish Predictions

U.S. Crude Exports Boom Amid Recovering Global Demand

Russia’s Increasingly Aggressive Geopolitical Maneuvering

Tom Cruise’s ‘Mission Impossible 7’ and ‘8’ have been delayed until 2023 and 2024

Two years since Covid was first confirmed in U.S., the pandemic is worse than anyone imagined

Nike executive Larry Miller says he’s thankful family of man he killed as a teen forgives him

U.S. judge blocks Biden vaccine mandate for federal workers in latest blow to White House Covid agenda

Stocks making the biggest moves midday: Netflix, Peloton, Disney and more

Central banks are ‘sleeping at the driving wheel’ as inflation spirals, says Brazil minister

GM announces new high-performance Cadillac Escalade V-Series SUV

China’s zero-Covid policy now looks like a ‘burden’ and it needs to reassess, IMF says

Warren Buffett’s MidAmerican Energy plans $3.9 billion renewables project in Iowa

5 things to know before the stock market opens Friday

Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs

Children under 5 are not eligible for Covid vaccination. Doctors have this advice to protect them during the omicron surge

Kids’ Covid hospitalizations hit pandemic high, worrying doctors and parents about long-term impact

Markets Scream ‘Panic’ To Powell As 2022’s Tech-Wreck Is Worst In Over 30 Years

Planet Fitness Expands While Peloton Fades Into Darkness

JPMorgan Models War Between Russia And Ukraine: Sees Oil Soaring To $150, Global Growth Crashing

The Other “Big Lie”: Democrats Fuel Doubts Over The Legitimacy Of The Coming Elections

Firms call for urgent help with energy bills

Ex-Credit Suisse chief also broke Covid rules going to Euros final

Omicron spread led shoppers to desert High Street

15 multibaggers in 15 sessions: How investors minted money in 2022!

Freefall: Paytm shares fall another 4% to hit lifetime low

Zomato investors get a reality check; stock down 13% in 4 sessions

: Amazon and its fleet EV alliance caution GM, Toyota and others they’ll shop elsewhere if battery life, sedan demand not met

Market Extra: How a Russian invasion of Ukraine could trigger market shock waves

Market Extra: Here’s one reason the stock market is selling off in the final hour of trade: ‘We’ve shifted from buy the dip to sell the rally,’ says analyst

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