Be in the know. 12 key reads for Thursday…

  1. China clears Boeing 737 Max to fly again (apnews)
  2. JPMorgan Strategist Says Buy the Dip (bloomberg)
  3. Virus Won’t Derail Next Year’s Bull Ride for European Stocks (bloomberg)
  4. Pfizer Executive Expects Vaccine to Hold Up to Omicron (bloomberg)
  5. Glaxo Says Covid Antibody Works on Omicron in Early Tests (bloomberg)
  6. OPEC+ Agrees to Proceed With January Oil-Production Hike (bloomberg)
  7. Twitter’s New CEO Has a Tough Task Ahead. Why the Stock Is Struggling. (barrons)
  8. House Democrats Reach Deal on Stopgap Government Funding Bill (barrons)
  9. Elon Musk Believes Web 3.0 ‘Sounds Like BS’ (benzinga)
  10. Jay Powell looks past Omicron threat in hawkish pivot on inflation (ft)
  11. Jobless claims less than expected as labor market returns to pre-pandemic self (cnbc)
  12. Hedge funds wage pandemic battle for top traders (ft)

Backward looking policy. Forward looking opportunity.

On November 4, we made the case that commodities were starting to roll over and the impact would be felt by consumers on a lagged basis.  This weakness persisted in the following four weeks and now all of the the rear view mirror looking officials are in a mad dash to accelerate taper (at the exact wrong time):

Continue reading “Backward looking policy. Forward looking opportunity.”

Be in the know. 17 key reads for Wednesday…

  1. COVID: First signs that vaccine protects against Omicron – health minister (jpost)
  2. Europe Finds Only Mild or Asymptomatic Omicron Cases So Far (bloomberg)
  3. Powell Changed His Tone, Not His Game. No Need to Panic. (barrons)
  4. Don’t Bet on Interest Rates Rising in 2022 (barrons)
  5. The liquidity wave carrying stocks will continue even after the Powell Pivot, this analyst argues. Here’s why. (marketwatch)
  6. Stablecoin Regulation Is Coming. These Companies Could Benefit. (barrons)
  7. Exxon Says It Can Double Earnings While Expanding Low-Carbon Investments (barrons)
  8. Will global air travel be grounded for three months? That’s what oil traders have priced in, says Goldman Sachs (marketwatch)
  9. How Pearl Harbor Gave Rise to the American Defense Industry (barrons)
  10. Powell Lays Groundwork for Faster End to Stimulus as Inflation Outlook Worsens (wsj)
  11. Nuclear-Fusion Startup Lands $1.8 Billion as Investors Chase Star Power (wsj)
  12. White House Plans to Tighten Travel Rules Over Omicron Threat (bloomberg)
  13. Unfazed Collectors Drive Strong Sales on Art Basel Miami’s First Day (bloomberg)
  14. Emerging markets spell opportunity so long as U.S. dollar stays under key level (cnbc)
  15. Hedge fund titan Ray Dalio warns investors against trying to time the market as Omicron rocks stocks (businessinsider)
  16. S. economy added 534,000 private-sector jobs in November, ADP says (marketwatch)
  17. Jim Paulsen Sees Correction Exceeding 10%, Sees Cyclicals, Small and Mid Caps Outperforming Large Caps and Tech (streetinsider)