Long term look at soybeans & USDA report today;

 

San Diego Zoo Safari gorillas test positive for COVID-19

 Quick Overview is up to date

The American Abyss

 A historian of fascism and political atrocity on Trump, the mob and what comes next. NYT

Twitter says it has "permanently suspended" Trump's account "due to the risk of further incitement of violence. S&P is higher..

I think I'll have a couple more scoops of UL  !

Ben & Jerry's Urge 25th Amendment, Trump Impeachment After Capitol Riots

Notes Today: 

• Facebook declares DC situation an "emergency," MULLS stronger action. “The plague on humanity” is mulling. 

• Twitter is locking trumps account for 12 hours. Wow, a full 12 hours. 

• Trumps senators are beginning to climb down. Soon it’ll be trump who? No, that was premature, the BS continues.

• Congratulations to Senators Warnock & Ossoff. Well done Georgia for showing the world the civilized side of America.

 Revolting!

Absolutely sickening to watch GOP members clapping at this anti- democratic charade!

 Notes Today:

1. The NYT has the probability of Warnock and Ossoff winning in Georgia at over 95%. 👍

• Fed's Evans says 3% inflation wouldn't be bad. Yes it would! 

• China vowed to expand domestic crop production and strengthened its plan to ensuring grain and food security after imports surged to unprecedented levels. 

• Eleon Musk reportedly says that “China is more responsible to its citizens" than the US.

Notes Today: 

• US Construction spending rose 0.9% in November, reflecting a surge in demand from buyers taking advantage of ultra-low interest rates or leave cities for more space during a pandemic. Spending on new homes rose 16.2% YoY.  

• The US cost of buying a home climbed to the highest level in six years. 

• US Manufacturing PMI climbed to 57.1 in December from 56.7 in November.  

• Expected higher inflation ahead along with sovereign/corporate debt that’s out of hand is helping precious metals.

• (Reuters) - Chicago Federal Reserve President Charles Evans on Monday had a message for markets: vaccines may bring the coronavirus pandemic under control this year, but the U.S. central bank is nowhere close to ending its super-easy monetarypolicy.

As of tonight, for around $35,000 you can buy: 

1 Bitcoin  

or

1.15 Shares in the DJIA

18 oz of gold

1230 oz of silver

2600 bushels of soybeans

5400 bushels of wheat

7000 bushels of corn

 

All  # rounded up or down a bit.

 

 

Ben Rhodes

@brhodes

·

55m

Pretty remarkable how much more commitment to democracy the Georgia Secretary of State has than almost the entire House and Senate Republican caucus

 And another remarkable chart: The PHLX SOX Semiconductor ETF

 Interesting long term chart of the Nikkei

The "memorable" 11 Republican senators that say they'll "vote on January 6 to reject the electors" from certain states. Ted Cruz Ron Johnson James Lankford Steve Daines John Kennedy Marsha Blackburn Mike Braun Cynthia Lummis Roger Marshall Bill Hagerty Tommy Tuberville

 Quick Overview is up  to date

 40 Years of the S&P

 Soybeans performing as advertised!

Notes Today:  

• Just before New Year’s McConnell's managed to block the $2000 relieve bill. Kentucky, the state that elects this guy, is in the bottom 5 states in every economic quality-of-life measure. Yet he wins. It boggles the mind. 

• Just before New Year’s Louie Gohmert sues Pence in (GOP clown show) bid to overturn election results on Jan. 6 

• Just before Christmas, Johnson managed to bring about the only trade deal in history that puts up barriers to commerce rather than removing them, and in the process Britons lost the right to live and work in 27 countries.  

• CNN: Stanley Johnson, the father of British Prime Minister Boris Johnson, has said that he intends to obtain French citizenship -- his comments coming just hours before the UK's final transition out of the European Union. 

• The NYSE is starting the process of delisting securities of three Chinese telecom companies, after Trump last month barred U.S. investments in Chinese firms he says are owned or controlled by the military. They are  China Telecom Corporation Limited , China Mobile Limited  and China Unicom (Hong Kong) Limited  

•  African countries began officially trading under a new continent-wide free trade area. 

• Small drones will be allowed to fly over people and at night in the United States, the Federal Aviation Administration (FAA) said. A significant step toward their use for widespread commercial deliveries. Now that will make everyone feel very safe. Especially since none will be hacked – I’m sure.  

• 12/23/2020 New home sales fell 11% in November to 841k, but still +21% y/y Decline in all regions: - Midwest -43% - West -17% - Northeast -2.5% - South -1.9%
• Inventory: 4.1 months
• Median home price: $335,300, +2.2% y/y
• Some moderation in sales in 2021, but still strong activity expected