What does Putin want and will he get it?
Russian President Putin wants to end NATO and he will get it, very likely!
11Feb2022 Market Close & Major Financial Headlines: Yesterday Was About Inflation Today Wall Street Crashes To The Negative Side Because Of Rumors Russia Is Preparing To Invade Ukraine, Dow Slides 1000 Points In Two Days, Bitcoin Falls To 42600
Headlines:
Markets Turmoil Amid ‘Russia Invades’ Reports & Bullard’s Bond Bloodbath.
Despite Turmoil, Stocks Seeing Largest Ever Inflows In 2022.
Inflation worries will continue to haunt investors next week, say, analysts.
Biden sends 3,000 more troops to Poland amid the Russia-Ukraine crisis.
Oil Prices Spike (WTI 91.77) On Rumors Russia Is Preparing To Invade Ukraine. Oil prices are soaring after media outlets began to report that a Russian invasion of Ukraine is imminent. PBS has said that according to officials, the U.S. believes Putin has decided to invade Ukraine and communicated those plans to the Russian military.
U.S. Rig Count See Massive Climb On Higher Oil Prices. The number of active drilling rigs in the United States rose by 22 this week, the 16th straight weekly increase to the number of oil and gas rigs in the United States, and the largest single-week rise since February 2018.
Oil jumps amid escalating tensions between Russia and Ukraine. Oil prices jumped amid escalating tensions between Ukraine and Russia, with the U.K. advising British nationals to leave Ukraine immediately.
NASDAQ closes down sharply at 2.8%, while the S&P 500 closes down 1.9% on fears of a Russian attack on Ukraine. The red equities trading volume is fractionally higher than yesterday.
As usual, we have included below the headlines and news summaries moving the markets today.
NOAA Updates the Status of ENSO February 10, 2022
On the second Thursday of every month, NOAA issues its analysis of the status of ENSO. This includes determining the Alert System Status. Although the current status remains the same i.e. La Nina Advisory, the forecast has been adjusted somewhat from last month. The forecast calls for the La Nina to continue to fade. The timing is shown in the NOAA discussion and the IRI probability analysis. The Australian Meteorological Service thinks this will happen sooner and I agree. I present some information that suggests that NOAA has the timing wrong and that the transition to ENSO Neutral will occur fairly soon.
The impact of the NOAA forecast for the transition from La Nina to ENSO Neutral will show up next Thursday when NOAA issues its Seasonal Outlook. The NOAA ENSO Status Update provides an advance indication of how the forecast might change. To repeat, I expect the demise of La Nina to occur somewhat sooner than predicted by NOAA. It is not a significant difference. There is a lag between the ENSO state and the impact on U.S. weather. Thus the exact date when a fading La Nina meets the criteria for ENSO Neutral may not be very important in terms of the actual impact on Spring and Summer weather including the North American Monsoon (NAM). We will learn what NOAA thinks next Thursday.
Even Without Guns, The US Is A Murderous Country
With all the agitation for gun control to reduce violence in the US, a key point is missed. Over a quarter of US homicides occur by means other than firearms. Even if all gun-related murders are eliminated, the US still has a higher homicide rate than many other countries.
10Feb2022 Market Close & Major Financial Headlines: Today Is All About Inflation, Markets Open Sharply Down, Rising Briefly Into The Green And It Was Downhill From There, DOW Closes Down 526 points, NASDAQ down 2.1%, WTI Slips To 89.96
Headlines:
Consumer goods giant Unilever will raise prices again as the cost of raw materials climbs.
Bond Report: Aggressive Treasury selloff gives 2-year rate its biggest daily gain since 2009 and lifts 10-year yield above 2%.
U.S. consumer prices have risen at the fastest rate since 1982.
There are whispers of an emergency FED rate hike as soon as tomorrow that spooked investors, inspiring today’s selloff on fears the Fed will be more aggressive to contain surging inflation. With the punditry obsessing over the March FOMC meeting, where odds earlier today hit 100% of a 50bps rate hike before easing modestly (and more than six hikes for all of 2022).
WSJ markets alert: 10-year Treasury yield touches 2% for the first time since 2019. After hot ‘Blowout’ inflation data, inflation has soared to its highest rate in four decades. U.S. inflation leads traders to largely price in a half-point March rate hike by the Fed.
Kellogg may raise prices again in 2022 as it sees ‘double-digit cost inflation,’ says CEO. “Our goal is to cover all of those input costs with pricing and productivity, and we think we’re in very good shape to do that,” the Kellogg CEO said Thursday.
Inflation eroded pay by 1.7% over the past year. Workers have seen their hourly pay jump at about the fastest clip in 15 years. But high annual inflation has eaten into those raises.
Bullishness across commodity markets is overwhelming. Goldman’s Jeffrey Currie summed it up earlier this week by saying, “This is a molecule crisis. We’re out of everything, and I don’t care if it’s oil, gas, coal, copper, aluminum. You name it; we’re out of it.”
As usual, we have included below the headlines and news summaries moving the markets today.
09Feb2022 Market Close & Major Financial Headlines: Wall Street Opens Significantly Higher, Trades Mostly Sideways Battling Weak Resistance, DOW Closed Up 305 Points, NASDAQ Up Strongly At 2.1%, Bitcoin Steady At 44700
Headlines:
Breakthroughs could speed up nuclear fusion development.
CVS faces its next challenge: growing sales as demand for COVID vaccines fades.
Powergrid Q3 results: profit declines 2% to Rs 3,292.97 crore; revenue up 3%.
Traders buy bonds, stocks, crypto, & commodities ahead of CPI ‘event risk.’
Wall Street gaped higher at the opening and traded mostly sideways, retaining its upward trend as investors put aside rate hike fears. NASDAQ jumps for the second straight day and gains 2% as tech stocks rebound from the January slide. Gold remained in a tight range around 1833. Dogecoin recovers fractionally to $0.1600
The green SPAC bubble is bursting. Over the past few years, investors have been pumping money into electric vehicle startups and other young green tech companies at a record clip, with many EV startups going public via the so-called SPAC deals.
The money wagered on the Super Bowl will reach over $1 billion this year. A surge in betting popularity and more states offering online betting are likely contributing factors in the Super Bowl sports betting boost.
Disney parks business roars back as the company beats earnings expectations and stock soars. Disney stock traded over 8% as results top estimates.
As usual, we have included below the headlines and news summaries moving the markets today.
American Carnage vs. American Revolution
During the American Carnage on January 6, 2021, some rioters shouted “1776 again” while storming the Capitol Hill. This comparison of the American Carnage and the American Revolution is actually valid.
Two main reasons:
- Each had a big lying slogan (Stop the Steal vs. No taxation without representation).
- Both were instigated by some lying leaders!
08Feb2022 Market Close & Major Financial Headlines: Wall Street Closes Higher Halting At Weak Resistance, DOW Closed Up 372 points, NASDAQ Up 1.3%, Bitcoin 44300, Dogecoin slips to $0.1580, WTI Settles Lower 89.66
Headlines:
Optimism over Iran nuclear deal drags oil prices down.
Super Bowl to have the hugest audience yet — and record bets, too.
Bitcoin & Stocks Dump’n’Pump as rising rate-hike odds crush credit.
Record-high seizure of $5bn in stolen Bitcoin.
Wall Street opened lower for the first hour and traded sideways as it tried to shake off a slow start to the week. Gains highlighted the DOW’s 372-point close as shares of Amgen Inc., and American Express rose. Peloton, Pfizer, Nvidia, GM are very active, and the DOW turns positive for February.
Peloton founder John Foley calls recent events ‘humbling,’ as cycle maker looks to redefine itself. “We own it. I own it. And we are holding ourselves accountable,” Peloton founder John Foley. “That starts today.” Meet Peloton’s new CEO, an ex-Spotify exec taking the helm amidst major cuts and investor pressure. Barry McCarthy is taking the Peloton CEO reins from founder John Foley.
10-year Treasury yield hits the highest level since 2019 as it marches toward 2%. Treasury yields march to multiyear highs on Tuesday, with the 10-year rate climbing to levels not seen since July 2019 and some expecting it may soon hit 2%.
As usual, we have included below the headlines and news summaries moving the markets today.
07Feb2022 Market Close & Major Financial Headlines: Markets Opened Higher, Then Sea-Sawed To Seriously Negative, Dow Closed Up One Lousy Point, NASDAQ Down 0.8%, Gold Up 1821, WTI Slips To 91.50, Bitcoin Improves 44200
Headlines:
Feds will spend $1 billion to spur farmers and ranchers to fight climate change.
Peloton deal could be a major coup for Apple.
Bitcoin & Bullion Surge, Stocks Purge, As EU Credit Crisis Risk Re-Emerges.
It’s “too soon to go all-in” on buying the dip.
S&P 500 and NASDAQ ending closing lower to start the week as tech struggles, Meta drops 5%. Also, Bitcoin rises to its highest level in a month, bouncing from January lows.
After hitting a peak of $3.45 per gallon last week, the national average U.S. gasoline prices are expected to calm down significantly this week due to price cycling.
Earlier today, the small rocket builder Astra is attempted to launch its first mission from Florida on Monday but aborted after engine ignition. Astra shares dropped 14% after aborting and postponed the rocket launch attempt.
Frontier and Spirit to merge, creating the fifth-largest airline in the U.S. in a $6.6 billion deal. The airlines have agreed to join, making it the fifth-largest airline.
Consumer debt growth tumbles 50% amid a sharp slowdown in credit card usage decline in student loans after a shocking consumer credit report, which saw the biggest increase in history driven by a surge in revolving credit.
As usual, we have included below the headlines and news summaries moving the markets today.
What is the American Revolution, anyway?
The American Revolution was real, but most of its purported reasons are lies! Three examples of big lies:
- No taxation without representation.
- Against the tyranny of a king.
- Liberty and justice for all in the name of “all men are created equal”.