Good morning. Over 30 percent of all money created in the United States occurred in 2020.
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.
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| | | | DOW 30,409.56 | +0.24% | | | | S&P 3,732.04 | +0.13% | | | | NASDAQ 12,870.00 | +0.15% | | | | *As of market close | | • | The stock market inched higher on Wednesday, with all indices slightly up. | | • | Oil rose 0.6 percent, closing at $48.27 per barrel. | | • | Gold rallied 0.8 percent, ending at $1,897 per ounce. | | • | Cryptocurrencies generally rose, with Bitcoin last trading at $28,671. | | | | | | | | | A Blue-Chip Play Still Under Pre-Pandemic Highs | | | | The stock market's solid run this year has allowed companies to quickly shake off one of the fastest and steepest bear markets in history. A number of companies rightly remain below their pre-pandemic highs. But outside of airlines, cruise ships, and theater chains, a few other plays have likewise struggled. One of the top blue-chip manufacturing plays, which produces thousands of products has been a laggard here.
» FULL STORY | | | | | | Insider Trading Report: IQVIA Holdings (IQV) | | | | John Danhakl, a director at IQVIA Holdings (IQV), recently started a stake at the company with 63,451 shares. The total cost of the buy came to just over $11.2 million. This marks the first buy from a company insider since August. Over the past three years, company insiders have largely been sellers. In 2020, those sales have largely been by major owners and directors, rather than C-suite executives. » FULL STORY | | | | | | Unusual Options Activity: Snap Inc (SNAP) | | | | Social media play Snap Inc (SNAP) has seen its shares surge to new all-time highs earlier this week. So it's no surprise that at least one trader sees the company heading higher. That's based on the January 8th 2021 $57 call. Expiring in 8 days, the bet is that shares, trading near $52.40, will rally another 8.7 percent. Over 10,200 of the contracts traded against a prior open interest of 111, for a 92-fold rise in volume.
» FULL STORY | | | | | | | TOP | | BIDU | 12.59% | | | FCX | 7.235% | | | DVN | 5.421% | | | FANG | 4.83% | | | M | 4.518% | | | BOTTOM | | AES | 2.274% | | | AKAM | 1.931% | | | FB | 1.774% | | | CHTR | 1.728% | | | UPS | 1.657% | | | | | | | | | The combination of vaccine rollouts, fiscal stimulus, and easy monetary policy continues to create a positive backdrop for equities going into 2021. The agreement on a fresh U.S. fiscal stimulus package removes a recent hurdle, and global central banks continue to support the recovery by maintaining (and extending) monetary accommodation. | | - Mark Haefele, chief investment officer at UBS Global Wealth Management, on the trends likely to push stocks higher in the first quarter of 2021. | | |
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