The U.S. has just released Inflation Rate and Core Inflation Rate reports for February. Inflation Rate increased by 0.4% month-over-month in February, in line with the analyst consensus. On a year-over-year baisis, Inflation Rate grew by 1.7%. Meanwhile, Core Inflation Rate grew by 1.3% compared to analyst consensus of 1.4%. The reports did not show that pricing pressure is increasing, and Treasury yields have started to move lower after their release. Not surprisingly, S&P 500 futures gained upside momentum in premarket trading as lower inflation will lead to lower Treasury yields, which is bullish for the stock market and precious metals. Today, the House of Representatives is set to approve the huge $1.9 trillion coronavirus relief package which has served as supportive catalyst for the stock market this year but pushed Treasury yields to multi-month highs. Some analysts believe that a material part of $1,400 stimulus checks will go directly to the stock market which will be bullish for equities. It remains to be seen whether the stimulus package was fully priced in by the market or there is room for more upside. Stocks have become expensive after the historic rally from the lows seen back in March 2020, and traders may want to see more positive catalysts before pushing equities to new highs.
Eli Lilly’s combo therapy for COVID-19 cuts serious illness and death in large study
https://youtu.be/9inXKBiM9G0
Eli Lilly’s combination antibody therapy to fight COVID-19 has been granted emergency use authorization in the United States. The company announced Tuesday its antibody drug had been authorized by the U.S. Food and Drug Administration, after data from a late-stage trial in January showed it helped cut the risk of hospitalization and death in COVID-19 patients by 70%. Eli Lilly’s therapy combines two antibodies, bamlanivimab and etesevimab, and is similar to the experimental medication touted by former U.S. President Donald Trump after he was hospitalized with COVID-19 last October. In a statement, the company said the therapy was authorized for the treatment of quote “mild to moderate COVID-19 in patients aged 12 or older who are at high risk for progressing to severe COVID-19 and/or hospitalization.” But the FDA said the drug would not be authorized for patients who are already hospitalized due to COVID-19 or require oxygen therapy. Eli Lilly added that 100,000 doses would be ready immediately and an additional 150,000 doses would be available throughout the first quarter. The company says they plan to manufacture up to 1 million doses by mid-2021, in collaboration with American biotech company Amgen. Last November, the FDA approved Eli Lilly’s single-antibody treatment. Nick Note: Aunt Carol got the coronavirus when hospitalized for a broken ankle. I sent my daughter the premed sutdent to her and we arranged the Lilly cocktail. with in 8 hours her oxygen levels returned to normal and she tested negative within 48 hours…… The shit really works… But you got to demand it within the first 10 days of symptoms….
Stocks are a BUY… Amazon has fallen 9.7% over the past month, Apple dropped 11%
David Tepper, founder of Appaloosa Management whose comments have been known to move markets, said it’s very difficult to be bearish on stocks right now and thinks the sell-off in Treasuries that has driven rates higher is likely over. The major market risk has been removed, Tepper said, adding that rates should be more stable in the short term. “Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now,” Bond yields have jumped sharply over the past few weeks amid higher inflation expectations, which put pressure on risk assets. The 10-year Treasury yield climbed from 1.09% at the end of January to above 1.60% on Monday. The swift advance in yields hit tech stocks particularly hard as these companies have relied on easy borrowing for superior growth. Tepper believes Japan, which had been a net seller of Treasurys for years, could start buying the U.S. government bonds again following the surge in yields. The potential buying could help stabilize the bond market, Tepper said. “That takes a major risk off the table, and it’s very difficult to be bearish,” Another bullish catalyst for stocks in the near term is the coronavirus fiscal stimulus package that was just approved by the Senate, Tepper said. The Democrat-controlled House is projected to pass the $1.9 trillion economic relief and stimulus bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14. The hedge fund manager also said “bellwether” stocks like Amazon are starting to look attractive after the pullback. Shares of the e-commerce giant have fallen 9.7% over the past month, while Apple has dropped more than 11% during the same period. A year ago before stocks really began to drop because of the pandemic, Tepper warned that the virus could be a game changer for markets. Nick Note: The greatest bull market trade ever…. AND then the biggest crash ever. Will you be their or will you FUCK up again? Its up to you.
With $1,400 stimulus checks set to hit bank balances, stocks could benefit
NEW YORK (Reuters) – A chunk of President Joe Biden’s coronavirus relief package is poised to end up in the stock market and could provide a boost for GameStop and other stocks embraced by individual investors active in online social media forums. The relief package, which is on track to be signed into law later this week, is set to provide $400 billion in direct payments of $1,400 per person, helping individuals earning less than $80,000 annually and couples making less than $160,000. The government should be able to start delivering checks almost immediately once Congress finalizes the bill and Biden signs it.
“I do think that you will find a lot of that stimulus money will end up in the market, and I think if anything it’s a bullish catalyst,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab.
A Deutsche Bank survey of 430 retail investors last month found that on average they plan to put 37% of any stimulus checks directly into equities. At that rate, the amount from the latest package that could go into stocks ranges from $25 billion, if only traders with online accounts spend money on stocks, to as much as $150 billion, if all stimulus recipients spend their checks in the market in the same proportion, according to Deutsche Bank strategist Parag Thatte.
U.S. equity funds have been seeing near-record inflows of about $15 billion a month, “so incremental flows stemming from stimulus payments can be sizable, especially if deployed quickly,” Thatte said in an email.
Despite a recent pullback in stocks, including a 10% correction in the tech-heavy Nasdaq, the benchmark S&P 500 is near record highs and has climbed more than 70% from lows during the throes of the pandemic in March 2020. If stimulus payments do flow into the stock market, they could end up disproportionately going to GameStop or other stocks favored by retail investors active on social media platforms. Frederick said that younger adults tend to be on the lower end of income brackets, and therefore more likely to be eligible to receive stimulus payments, and that younger investors are more inclined to invest in so-called “meme stocks.” Shares of GameStop were soaring to start the week, following news about the video game chain’s e-commerce strategy, while other stocks favored by retail investors on forums such as Reddit’s WallStreetBets also were rallying. There was some evidence of stimulus excitement among investors on social media platforms. On the popular WallStreetBets forum, an account called “IwantSpaceX” posted: “Lets get our Stimmy checks IN!”
The stimulus payments could add fuel to interest from individual investors that has already been rising, with the COVID-19 pandemic leaving Americans with more time in front of their computers or on their smartphones.
Goldman Sachs strategists recently raised their 2021 net equity demand estimate from households from $100 billion to $350 billion, reflecting “faster economic growth and higher interest rates than we had assumed previously, additional stimulus payments to individuals, and increased retail activity in early 2021.” “We expect Households will be the largest source of equity demand this year,” Goldman strategists said in a note.
Brokerage TD Ameritrade saw nearly 1.76 million retail accounts opened during January through September of 2020, a record amount for the company for the first nine months of a year.
“People have time, people have interest and now they are actually starting to understand what it is they are investing in,” said JJ Kinahan, chief market strategist at TD Ameritrade. “You have really started to see an interest from the individual investor in a way that we have never seen before.” Nick Note: Get you head out of your ass belly up to the bar and feed this. You got to spend money to make money and in trading you got to lose money to make money…….
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Dow jumps to record high, Nasdaq soars 4%
Tesla shares jump, look to snap 5-day losing streak U.S. stock-market benchmarks rallied Tuesday as a falling bond yields helped send the tech-heavy Nasdaq Composite up sharply a day after it tumbled into correction territory. On Monday, the Dow ended with a gain of 306.14 points, or 1%, at 31,802.44 after rising more than 650 points earlier in the session to hit an intraday record. The S&P 500 finished with a loss of 0.5%. And the Nasdaq slumped 2.4% to end at 12,609.16, leaving it 10.5% off its record close from Feb. 12. The Nasdaq’s slide meets the definition of a correction, which is a fall of 10% from a recent peak. Treasury yields have been calling the tune, with their recent rise fueling a rotation away from growth-oriented stocks, including many of the highflying tech-related shares that boomed during the pandemic-inspired lockdowns. Investors have been using the proceeds to pile into shares of more cyclical and value-oriented stocks and sectors that are seen as poised to benefit most from a wider reopening of the economy. But that dynamic was put on hold after the yield on the 10-year Treasury note fell around 4 basis points at 1.56%. Yields and bond prices move in opposite directions. Before Tuesday, it was rising yields that had sparked an exodus from shares that had rallied during the recovery from the pandemic lows set nearly a year ago. “The cyclical rotation has been running strong for months and today is an overdue buying the dip for technology stocks. The move in tech stocks coincides with the rally in Treasuries, so many traders will be skeptical that this rebound will stick,” said Edward Moya, senior analyst at OANDA. Meanwhile, the House is expected this week to provide final approval of a $1.9 trillion package of COVID relief spending, giving President Joe Biden an early political victory and stoking expectations for a surge in economic growth later in 2021, accelerating a reopening fueled by vaccine rollouts and past doses of stimulus. That same dynamic has fed the rise in bond yields as investors look for at least a near-term surge in inflation. Investors will get a look at inflation data later this week, but the economic calendar was indeed light on Tuesday. The National Federation of Independent Business said its closely followed optimism index edged up to 95.8 last month from 95 in January. Meanwhile, Washington will keep the spotlight on Robinhood and other zero-commission brokers when the Senate Banking Committee holds a hearing at 10 a.m. Eastern, with expert witnesses set to warn of the dangers of financial speculation. Nick Note: yes i am foaming at the mouth. How do i get through to you the enormous opportunity presenting itself… GO FOR BROKE! The stars have aligned… Working vaccines ending for now the plague. Enormous pent up demand, The highest savings rate ever, the greatest stimulus undertaken by any society ever. And a bunch of no knowing eager beaver ha ha ha investors that are about to buy stocks like their is no tomorrow. the biggest cumulative orgy ever is about to begin. And we get them coming and going because this great big bubble they are about to creat will be the biggest shorting opporunity ever.
OECD: World economy to surge 5.6% in 2021
Coronavirus vaccine rollouts and a huge US stimulus package have boosted economic growth expectations.
The Organisation for Economic Co-operation and Development (OECD) sharply hiked its 2021 global growth forecast on Tuesday to 5.6%. The deployment of coronavirus vaccines and a huge US stimulus program have greatly improved the world’s economic prospects. Tuesday’s figure is an increase of 1.4% from the Paris-based organization’s December forecast. It said faster and more effective vaccination across the world is of critical importance. The outlook for global growth would be better than current projections if the production and distribution of vaccines accelerate as containment measures will be relaxed more rapidly. “World output is expected to reach pre-pandemic levels by mid-2021 but much will depend on the race between vaccines and emerging variants of the virus,” it stressed. The OECD said global gross domestic product (GDP) growth would be 4% in 2022. The US growth is expected to be 6.5% in 2021, partly reflecting the large-scale fiscal stimulus now planned with a sustained pace of vaccination. In the euro area, where the level of fiscal stimulus is lower and vaccine rollout slower, GDP is projected to increase 3.9% next year. The forecast for G20 countries was up 1.5 percentage points to 6.2% this year, the OECD said. Effective containment of the virus and regained dynamism of industrial activity created brighter prospects for the Asian-Pacific region. “In China, GDP growth is projected to be 7.8% this year; in Japan 2.7%; in Korea 3.3%; and in Australia 4.5%,” it said. Nick Note: You are a asshole if you do not go for broke. How the fuck do i get through to you…… This is big Big BIG… the successful vaccines are a game changer. WE ARE ABOUT TO SEE THE BIGGEST STOCK MARKET RALLY EVER!.. Is this getting through your thick scull. Lets talk straight the only reason you are not going all in is you do not believe me…… What the fuck are you paying me for?????????????? Contact you brother, uncle, wife, xwife, the loan shark, donate a kidney, sell you wife daughter into white slavery (son is ok its now equally opportunity slavery) Even black slavery is ok….. Unfortunately blond white slaves bring a better price… (I wonder if Nancy will demand equality in prices of children sold into prostitution) So do your market research and raise every dime you can and dump it into this trade. If you are wating for CFD’s you might miss the boat…….. If you think you can day trade this instead of belling up to the bar and put in more money your a ASSHOLE! Am i getting though to you….. you are about to miss out on the greatest rally ever…..
Dow jumps 200 pts in premarket, extends Monday’s gains
Shares on the major stock market indexes in the United States traded higher in the premarket on Tuesday, with the Dow Jones Industrial Average extending its rally from the day before, and the Nasdaq 100 recovering lion’s share of the losses from the week’s first session. The COVID-19 relief bill was still in the spotlight, as the lower Congress unveiled it is likely to give its final vote on the $1.9-trillion legislation on Wednesday. The Dow Jones soared 203 points, or 0.65%, at 4:17 am ET, while the Nasdaq 100 surged 1.95%, or 240 points, at the same time. A minute later, the S&P 500 was up by 1%. The euro increased by 0.45% versus the dollar, selling for 1.18981 at 4:21 am ET. Nick Note: want to be on the record here. The bottom was put in last Thursday and i so said. I want to reaffirm this is a BOTTOM. and And AND the biggest rally in stock in history is a matter of day away. Remember this day because this is where millions are made. You will regret your stupid decision the rest of your life if you do not rise to this occasion.. The CFD’s are still weeks away, In the meantime use what tools you have to pry open the money box… I could be wrong here…SO….
Wall Street closes mixed, Dow up 300 points
THEIR ARE TIMES WHEN YOU MUST GO FOR BROKE. THIS IS JUST SUCH A TIME
Stocks were mixed at the end of trading on Wall Street on Monday with the Dow Jones rising over 300 points. On the other hand, the Nasdaq 100 dropped nearly 3% as tech shares retreated.
In the aftermath of the passage of the $1.9 trillion coronavirus stimulus package, the Dow shot up to a new all-time high earlier in the session.
The Dow closed 306 points in the green or 0.97% as the Walt Disney Company led the gains throughout the session. Officials in California eased some COVID-19 restrictions, boosting Disney’s shares as its Disneyland theme park is set to reopen in April. The S&P 500 was down 0.54%, while the Nasdaq 100 dropped 2.92%. Chinese internet companies Pinduoduo and Baidu plunged during the session. Nick Note: I cannot be any cleared here. GO FOR BROKE! The market is not Not NOT pricing in the full impact of the Stimulus program…the biggest ever. A tidal wave of money will be coming into the stock market especially the NASDAQ. This wave of suckers only know high tech stocks. I want to be here for what i believe will be the biggest stock market rally ever EVER. and it going to happen very very soon
U.S. House will take up Senate’s $1.9 trillion coronavirus bill by Wednesday: Pelosi
WASHINGTON (Reuters) – The U.S. House of Representatives will take up by Wednesday the Senate version of the sweeping $1.9 trillion coronavirus relief package backed by President Joe Biden, Speaker Nancy Pelosi said on Monday. Closing in on final approval of one of the biggest U.S. anti-poverty measures since the 1960s, Democrats aim to enact the massive legislation by Sunday, when enhanced federal unemployment benefits are set to expire. The Senate passed its version of the bill after a marathon overnight vote on Saturday. The Senate version eliminated or pared back some provisions included in the House bill, which had increased the federal minimum wage to $15 an hour and extended expanded jobless assistance through Aug. 29. Now that it has passed the Senate, it must be approved again by the House before it can make its way to Biden’s desk and be signed into law. Pelosi told reporters at the Capitol that the timing of a vote on the House floor “depends on when we get the paper from the Senate.” “We’d take it up Wednesday morning at the latest,” she said. Like the Senate, Democrats hold a very narrow majority in the chamber, meaning they cannot withstand many votes against the bill. The first version of the bill passed in the House without a single Republican vote. Two moderate Democrats joined Republicans in voting against that version. One of them, Representative Kurt Schrader of Oregon, said on Monday he would now vote for the bill with the Senate changes. “My concerns remain on the size and scope of this bill but believe the Senate changes provide meaningful relief for Oregonians in need,” Schrader wrote on Facebook. “Funding for our local governments, small businesses, schools, families, healthcare providers and an extension on unemployment benefits will be a lifeline for many,” he said of the legislation. Republicans, who broadly supported coronavirus relief early in the pandemic, have criticized the price tag of the Biden relief package. On Friday, as the Senate vote was still under way, House Democratic lawmaker Bonnie Watson Coleman said she was “disgusted” by some of the changes in the Senate bill and questioned if she could support it. A spokesman for her office did not immediately respond to a request for comment. But Representative Pramila Jayapal, head of the Congressional Progressive Caucus, told reporters she thought members of the group would back the legislation, which she described as “phenomenal” and in keeping with most of its members’ priorities. White House spokeswoman Jen Psaki praised the legislation at a news conference, saying that while there were some changes on the margins, it represented the “core” of what Biden originally proposed. Nick Note: I do not believe the markets understand how fast this 2 trillion party will come. It will be reconciled by Tuesday, signed by Wednesday. Biden has scheduled a prime time announcement for Thursday, The checks will be in mail starting Monday. 60% of the recipients say they will put at least half of their happy checks in the stock market. This is like nothing seen before. Past stimulus programs went through the Fed to the banks and he big corporations. Its different this time. Its the biggest cash payout to the masse in history.
Dow surges over 550 pts to reach new all-time high
The Dow Jones surged over 550 points on Monday to reach a new all-time high after the Senate passed the massive $1.9 trillion coronavirus stimulus bill over the weekend. The relief bill is expected to secure final approval from the House of Representatives on Tuesday. Meanwhile, the Centers for Disease Control and Prevention (CDC) said earlier that it is now safe for fully vaccinated people to gather without masks or social distancing measures indoors. The Dow was up 565 points to 32,061 at 12:29 pm ET. The Walt Disney Company, Cisco and Visa continued to lead the gains on the Dow. At the same time, the S&P 500 rose 0.83% but the Nasdaq 100 fell 0.80%. Nick Note: Tech is lagging here which means its a buy!