Good morning. It's been 624 days since "15 days to flatten the curve," kicked off the part of the...
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.
 | | |  Good morning. It's been 624 days since "15 days to flatten the curve," kicked off the part of the pandemic where the economy was deliberately shut down. Unlike a light switch, however, it's not the sort of thing to start back up again. Trillions were spent propping up the economy with extended benefits and stimulus checks.
The labor market is improving but still in disarray. Inflation and job demand has pushed up wages, creating a "Great Resignation." And for all the time, effort, and money spent to create these new problems, those fortunate enough to invest in the stock market or own a home saw the value of their assets soar. In the meantime, 2021 has now marked more Covid deaths since all of 2020, even with a number of vaccines and treatment options.
The data is clear: the world overreacted to the pandemic, and economic consequences will take time to fully work out. In the meantime, the world has learned that when it comes to investing, all traders need to do is go long and buy any dip along the way.
Now here's the rest of the news: | | | | | |
| | |  | DOW 35,804.38 | -0.03% | | |  | S&P 4,701.46 | +0.23% | | | | | NASDAQ 15,845.23 | +0.44% | | | | | *As of market close | | | • | US markets were closed Thursday, in observance of Thanksgiving Day. | | | | | | | | |
| | | Memory Chip Stocks Start to Surge – With More Upside Ahead | | | | The semiconductor chip shortage has led to a number of companies both rise and fall over the past few months. Now, memory-related chips are starting to see a strong rally, even holding its own as other tech stocks have dipped in the past few days.
The move higher may continue, as analysts are starting to upgrade these companies on their strong potential in the next few quarters as well.
» FULL STORY | | | | |
| | Insider Trading Report: WeWork (WE) | | | | Sandeep Mathrani, CEO of WeWork (WE), recently bought 29,600 shares. The buy increased his stake by 1.7 percent, and came to a total price of just over $250,000.
This marks the first insider activity since the company went public earlier in the year. Overall, insiders own about 2.3 percent of WeWork, which went public via a special purpose acquisition company, or SPAC in October.
» FULL STORY | | | | |
| | Unusual Options Activity: Lumen Technologies (LUMN) | | | | Shares of telecom company Lumen Technologies (LUMN) jumped higher at the start of November, reversing a downtrend in place since April. One trader sees the rally continuing in the months ahead.
That's based on the June 17 $20 call options. With 202 days left on the trade, over 3,965 contracts traded hands, a 31-fold jump in volume from the prior open interest of 128. The buyer of the calls paid $0.30 to make the trade.
» FULL STORY | | | | |
| | • | Biden Admin Pushes to Reinstate Vaccine Mandates for Big Firms
The Biden administration filed an emergency motion to reinstate its rules asking companies with over 100 employees to either require proof of vaccination or provide weekly tests for Covid 19. The file comes after a prior court order to suspend the requirement, which was set to kick in after the holidays. | | | | • | "Greenifcation" Trend Contributing to Inflation
Investors have been increasingly asking companies to report on and improve their ESG ratings. Short for environmental, social and governance practices, they come at a price. Providing a cleaner environment can mean higher prices being passed on to consumers, which may be a big driver of higher prices right now. | | | | • | Beijing Stock Exchange Off to Strong Start
China's latest stock exchange is starting strong in its second week of trading, with capital flows up nearly 160 percent from opening day, and overall turnover of $3.3 billion. This marks the third major exchange in China. For the moment, international investors don't have access to this new exchange. | | | | • | SaaS Companies Move to Usage-Based Pricing
Usage-based pricing, or UBP has been increasing in 2021 as companies look to ditch subscription pricing. Such a system charges heavier users of a software service more, as the decision seems to make sense financially in terms of account growth and data retention. | | | | • | Art Sales Top Record $2.6 Billion This Week
Fall art auctions in New York topped $2.6 billion, a record amount. The sales have occurred as some have seen art as an inflation-resistant asset, and as investors in the crypto space have looked to diversify their increased wealth this year. | | |
| | | | TOP | | | HPQ | 9.863% | | | | ETSY | 5.964% | | | | DE | 5.199% | | | | INCY | 4.922% | | | | AMD | 4.79% | | | | BOTTOM | | | GPS | 24.266% | | | | ADSK | 16.317% | | | | M | 4.252% | | | | TPR | 3.881% | | | | BBY | 3.735% | | | | |
| | |  | | I do not believe Google should be privy to the health and medical history of Googlers and the vaccination status is no exception… It normalizes medical intervention compulsion not only for Covid-19 vaccination but for future vaccines and possibly even non-vaccine interventions by extension. It justifies the principle of division and unequal treatment of Googlers based on their personal beliefs and decisions. The implications are chilling. Due to its presence as an industry leader, Google's mandate will influence companies around the world to consider these as acceptable tradeoffs. | | - The unknown author of a manifesto at Google (GOOG), which several hundred employees signed, ahead of the possibility of a wider Covid vaccine mandate nationwide. | |
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