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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (7022)	12/25/2020 11:05:27 AM
From: robert b furman	Read Replies (2) \| Respond to of 13801

Hi John, Merry Christmas. In a world where ZIRP rules, taking on debt has to be very alluring. I still say, stay out of debt and save up your low yielding cash. When the worm turns, it will be a long slow recovery I suspect. Your post is excellent advice to heed IMO. Bob

To: John Vosilla who wrote (7022)	1/4/2021 5:25:57 AM
From: elmatador	Respond to of 13801

Happy new year John ! Global Stock Market Rally Extends Into New Year By Steve Goldstein Jan. 4, 2021 5:15 am ETOrder ReprintsPrint Article Global stocks advanced on Monday on the first day of the new year, buoyed by optimism the world economy will heal as vaccination programs get rolled out. The Nikkei 225 slipped 0.7% in Tokyo, but the Hang Seng rose 0.9% and the Kospi Composite rallied 2.5% in Seoul. South Korean exports jumped 13% in December, according to data released on Sunday. Barron's European Stocks Rise With U.S. Futures; Gold Jumps: Markets Wrap Yakob Peterseil Mon., January 4, 2021, 12:58 p.m. GMT+3·3 min read (Bloomberg) -- European stocks rose with U.S. equity futures as upbeat manufacturing data and rising commodities prices boosted risk appetite on the first trading day of 2021. The Stoxx Europe 600 Index climbed around 1.5%, led by economically-sensitive sectors like mining and travel, after data showed euro-area manufacturing grew the fastest in more than 2 1/2 years in December. Contracts on the S&P 500 Index pointed to further gains after the benchmark closed at a record high, while Treasuries dropped. Commodities got a boost from the weakest dollar since 2018, with gold climbing more than 1% and copper and nickel extending their gains into the new year. Crude oil futures in New York edged higher ahead of an OPEC+ meeting on Monday. Equities are beginning the new year at rich valuations amid expectations that widespread vaccine distribution in 2021, central bank support and government aid will reignite economic growth and boost corporate profits. Purchasing managers indexes showed factory activity across Asia continued to gain momentum in December, spurred by strong demand for the region’s exports, though China’s recovery is starting to moderate. “Covid cases and vaccine distribution will remain the key focus for investors for now,” said Kerry Craig, global market strategist at JPMorgan Asset Management. “Without the wide distribution of vaccines, the paths of Covid and the economy are locked together, given the impact on social mobility and economic curtailment. This link will be broken as immunity levels rise into the middle of the year, but until then the economic path will be bumpy over the first quarter.” Read: Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist Elsewhere, Bitcoin held onto much of its weekend gains after topping $34,000 for the first time on Sunday. On the coronavirus front, global infections climbed above 85 million, after U.S. daily cases soared to a record of nearly 300,000 after the New Year holiday. The U.K. is poised to give the first shots of the vaccine from AstraZeneca Plc and the University of Oxford on Monday, in a race against a faster-spreading variant that’s prompted new lockdowns across much of the country. What to watch this week: OPEC+ alliance energy ministers hold their monthly virtual gathering Monday to decide whether to add as much as 500,000 barrels a day to production.In the U.S. Tuesday, the state of Georgia holds a run-off election for two U.S. Senate seats that will decide control of the chamber.U.S. Congress meets to count electoral votes and declare the winner of the 2020 Presidential election Wednesday.FOMC minutes out Wednesday.U.S. unemployment report for December is due Friday. These are the main moves in markets: Stocks Futures on the S&P 500 Index climbed 0.6% as of 9:52 a.m. London time.The Stoxx Europe 600 Index surged 1.6%.The MSCI Asia Pacific Index increased 0.9%.The MSCI Emerging Market Index gained 1.2%. Currencies The Bloomberg Dollar Spot Index sank 0.5%.The euro climbed 0.6% to $1.2291.The British pound was little changed at $1.3667.The onshore yuan strengthened 1.1% to 6.46 per dollar.The Japanese yen strengthened 0.4% to 102.77 per dollar. Bonds The yield on 10-year Treasuries increased two basis points to 0.93%.The yield on two-year Treasuries increased less than one basis point to 0.12%.Germany’s 10-year yield decreased three basis points to -0.60%.Britain’s 10-year yield fell two basis points to 0.176%.Japan’s 10-year yield was unchanged at 0.021%. Commodities West Texas Intermediate crude increased 0.5% to $48.78 a barrel.Brent crude increased 0.9% to $52.29 a barrel.Gold strengthened 1.8% to $1,932.14 an ounce. For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2021 Bloomberg L.P. Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved.