Investor Intelligence

 

 AAII Consensus

 Market Vane Bullish Consensus %

 

Saturday Night Music

 

Quick Overview is up to date

Notes today:

 

• Minnesota utilities have warned that monthly heating bills could spike by $400, after the TEXAS DISASTER that left dozens dead, jacked up natural gas prices across the US. 
• Apparently Texas is "delivering and  sharing"  its policies - Musk is moving in.

• Hundreds of covid cases reported at Tesla plant following Musk’s defiant reopening, county data shows.

• Annual emissions tied to the electricity needed for cryptomining “rigs” (high-powered computers that produce digital tokens by solving math problems) are equal to that spewed by all of Argentina, according to researchers at Cambridge University. 

• Italy announced that it will return to near-national lockdown from Monday, with most schools, restaurants and shops closing. 

• US consumer sentiment reached a one-year high. The index rose to 83.0 in March after dropping to 76.8 in February; economists had expected a smaller increase to 78.5. 

• Germany's domestic intelligence agency hopes to place the entire Alternative for Germany party under surveillance. It views the party as being hostile to democracy. 

• Spiegel: With RT DE, Moscow wants to provide a platform for corona skeptics, right-wing populists and leftist fans of the Kremlin to destabilize democracy in Germany. Internal emails provide insights into the media organization.

• China now has a passport structure by which its people can register their vaccination and testing status. It is however “NOT YET” mandatory.

• Ex Brazilian President Lula da Silva, cleared of corruption charges, may run again in 2022.

• FT: Russia is now a country where retweeting a protest joke gets you 15 days in jail, and where a deaf-mute can be fined $70 for allegedly shouting anti-regime slogans.

     Notes today: 

• US Consumer prices for services other than energy services rose 1.3 percent from February 2020 to February 2021. Not exactly the hyperinflation bs that’s currently emanating from conspiracy bloggers etc. If the US currently has problem with inflation - it is too low. 

• Bloomberg: Piracy will cost TV and movie providers some $52 billion in revenue worldwide in 2022 according to statisa.com. 

• Canadian Dollar Hits 3-year High. The Canadian economy added 259,200 jobs in February, Statistics Canada reported Friday, well ahead of expectations for a 75,000 gain. 

• Philadelphia calls for 'lights out: Scientists estimate between 365 million and 1 billion birds are killed by collisions with buildings or other outdoor structures in the US every year and those crashes are taking a toll on some species.

 

Notes today: 

• Congress passed a landmark $1.9tn coronavirus relief bill with zero support from republicans - ZERO support - nada.

• The lower house of Mexico’s parliament voted to decriminalise the recreational use of cannabis. 

• Since 2018, Cox communications has donated $31,550 to Gowan and 24 other sponsors of voter suppression legislation in Arizona.

• The US CPI rose 0.4 percent on a seasonally adjusted basis; rising 1.7 % YoY.

• The European Union’s statistics office said gross domestic product in the 19 countries sharing the euro fell by 0.7% QoQ, more than the initial 0.6% estimate, for a 4.9% YoY

• Merrick Garland was confirmed by a vote of 70 to 30. Among the Republicans who voted in Garland's favor were Senate Minority Leader Mitch McConnell of Kentucky and Sens. John Cornyn of Texas and Lindsey Graham of South Carolina. Republicans who voted against Garland included two likely 2024 presidential candidates, Sens. Josh Hawley of Missouri and Ted Cruz of Texas.

 Cancel Culture

Economist: The world’s consumers are sitting on a pile of cash. Will they spend it?

Households do not usually save on such a scale during recessions. For one thing, their incomes usually fall, as their pay is cut or they lose their jobs. But governments in the rich world have spent 5% of their combined GDP on furlough schemes, unemployment benefits and stimulus cheques during the pandemic. As a result, household incomes have actually risen in the past year.

 

Quick Overview is up to date

 

Notes today:

• Gold is trying to wake up -  it’s up 2% to $1708 

• Reserve Bank of Australia chief Philip Lowe repeats that interest rates are unlikely to rise until at least 2024 as inflation is a long way from goal.

• Hackers breach thousands of security cameras, exposing tesla, jails, hospitals..

• The Baltic Exchange's rose for the sixth straight session - up 2.6% to 1,901. 
• The Capesize index, rose 6.8% to 1,950.
• The Supramax index rose 36 points to 1,969.
• The Panamax is down a bit to 2,238.
• Asian shipping container shortage - continues.

• Business confidence in India is at at decade high of 74.2  up from 70.2

• The number of China-Europe freight trains hit 1,165 in January, up 66 % YoY. 
• Some 9.97 million pieces of anti-epidemic supplies, weighing 80,000 tonnes, have been sent to European countries including Germany, Poland and Belgium by the trains since the epidemic outbreak.

Bloomberg: Bitcoin Has Zero Intrinsic Value. Some People Are OK With That

Soybeans and sturdy shoes are looking better and better by comparison. 

Tulips anyone?

 

Steve Freed regarding USDA report

Quo Vadis Beans? Reminiscent of the early 70s ..

 

Alan Greenspan's favorite indicator at 5  + year high - despite Covid.

 EU carbon Price on the move. 

The European Union is considering curbs on speculation in the world’s biggest carbon market where record prices have lured hedge funds in search of profits.

 Saturday Night Music:  https://www.youtube.com/watch?v=88LNk-_Tfr8

Quick Overview is up to date 

Zero House and Zero Senate  Republicans voted for Covid relief. Zero, not one! R’s really don’t care about you, your family, or your friends – it’s that simple!