Good Riddance !

Quick Overview is up to date

Notes Today: 

• You can observe a lot by just watching. Yogi Berra
• Or: Wildebeest investors and the dangers of the herd (FT)  

• Looks like another $1400 may be coming to some 150 million Americans - encouraging additional speculation - for some. 

• Misinformation dropped dramatically the week after Twitter banned Trump. Surprise ,surprise. 

• Bloomberg: Norway expressed increasing concern about the safety of the Pfizer Inc. vaccine on elderly people with serious underlying health conditions after raising an estimate of the number who died after receiving inoculations to 29.

• Bloomberg: The Treasury market’s bears had better take notice: There’s a wall of global cash poised to swoop in and buy, likely limiting the upside in yields. 

• A new ETF ARK Space Exploration ETF (ARXX) is getting ready to launch and creating buzz. ARK's will primarily track companies engaged in space exploration and innovation.

• The Port of Long Beach reported its busiest year in 2020. IT moved a record 8.1 million TEUs in 2020 despite facing headwinds from the COVID-19 pandemic and the ongoing trade war with China. 

• FT: The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as a shortage of empty containers stemming from Covid-19 disrupts global trade

• The China Containerized Freight Index continues higher

  
  
  

Dow Trend Earnings (aka Fed model) is up to date, and ready for your perusal.

 

Notes Today: 

• Twitter has suspended 70,000+ accounts linked to QAnon. 

• Google suspends Trump's YouTube account and  disables comments. 

• The U.S. trade deficit jumped to $68.1 billion in November, the highest monthly deficit in 14 years... 

• Soybeans are above $14 per bushel for the first time since June 2014 on shrinking global supplies and strong demand. If Brazil and Argentine stay dry – there is no telling how high.  (See below)

• McConnell, the Senate majority leader, has told associates that he believes President Trump committed impeachable offenses. 

• SouthKorea Unemployment Rate at 4.6%, above expectations (3.9%).

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