Quick Overview is up to date

 Is Soy Bean Oil about to follow Palm Oil to new highs?

Notes Today 

S&P 500 Earnigs grew by 65% in 2021 - the highest annual increase on record.

RCEP: Asia readies world’s largest trade deal

Trade barriers between most countries in the Asia Pacific will be lowered significantly from January 1 as the world’s largest free trading bloc opens for business. The Regional Comprehensive Economic Partnership (RCEP) is a trade deal between the 10-member Association of Southeast Asian Nations (ASEAN) and China, Japan, South Korea, Australia and New Zealand. RCEP will cover about 30% of global gross domestic product (GDP), worth $26.2 trillion (€23.17 trillion), and nearly a third of the world’s population, some 2.2 billion people.

ChinaIs Running Out of Water and That’s Scary for Asia

Thousands of rivers have disappeared, while industrialization and pollution have spoiled much of the water that remains. By some estimates, 80% to 90% of China’s groundwater and half of its river water is too dirty to drink; more than half of its groundwater and one-quarter of its river water cannot even be used for industry or farming.

Pat Gelsinger: When I make statements like we're on or ahead of schedule on Intel 7, 4, 3, 20A and 18A, over the same period of time that the competitors have slipped their process technology. The gap is closing faster than I forecast at the beginning of the year for this. (chart  log scale)

Btw, INTC is part of the Dogs of the Dow for 2022

 

Quick Overview is up to date

Happy Holidays 

Historically – “Times person of the year”  suggests substantial change in direction is forthcoming ..  👇

 Quick Overview is up to date

The World Ahead

 Quick Overview is up to date

Notes Today:

• Jerome Powell, chairman of the Federal Reserve, said America’s central bank may reduce its monthly asset purchases “a few months sooner” than planned. 

• Inflation in the eurozone ascends to 4.9% – highest since the euro was introduced.. 

• Economist: The secretary-general of NATO, Jens Stoltenberg, warned Russia that there would be a “high price to pay” if it were to use force against Ukraine. The sabre-rattling came as Russia massed troops on the border of the former Soviet republic. On Monday, Belarus announced joint exercises with Russia on its own border with Ukraine. 

• Guardian: Patients who survive severe Covid are more than twice as likely to die over the following year than those who remain uninfected or experience milder virus symptoms, a study says.

         The research, published in Frontiers in Medicine, suggests that serious coronavirus infections                 may significantly damage long-term health, showing the importance of vaccination. 

• If you use an iPhone and go to Privacy > Tracking > and find the Facebook app there, you can turn off ALL of their tracking devices and that will hurt their bottom line.

 Money has to be / go somewhere..

Asian markets slide on Covid variant jitters

The emergence of a heavily mutated new strain of Covid-19 in South Africa, labeled B.1.1.529, has sent Asian investors scurrying for the exit door. The UK has paused flights from South Africa and five other neighbouring countries. We can expect more of the same elsewhere, the complacency seen with the emergence of delta in India being a lesson harshly learned. Two cases with the new variant have already been detected in Hong Kong today. There are also media reports this morning about tightening virus restrictions in parts of China.

Equity markets are being heavily sold including US futures, with OTC markets being closed overnight for the Thanksgiving holiday. S&P 500 futures are 0.85% lower, with Nasdaq futures down 0.70% and growth-centric Dow Jones futures tumbling by 1.25%.

 

Quick Overview is up to date

Dow Trend Earnings aka Fed Model

According to the model the DJIA should be trading 

at $97,000.

Btw, current earnings for the DJIA are $1601.47

thats up from $1011.07 year ago.

     Later 

 

Quick Overview is up to date

Later

 

Quick Overview is up to date

 1 Year relative performance:

Oats performing as advertised. So far.

 

Later