Intersting thoughts

[Bozzie]

ya..A lot of risk here with the CCP..feels like BABA wants to give the CCP some piece of the action witch they don't have right now...Going under the wing of the CCP/ cutting them in is actually what's going to happen with ANT..The ANT move this AM signaled the white flag from BABA in fighting the CCP IMO.

I'm looking beyond the noise today .. or at least trying.
ADVL...The best CEO out there today IMO.

ANT will give the CCP a piece of the action...Green light move for BABA.
The slip from 319 to 212...No fun but holding.

https://seekingalpha.com/news/36477...-jack-mas-companies-ant-group-and-alibaba-wsj

 

[Bozzie]

JD...Making moves..I'm looking to buy a bit more for a long hold.
Cloud in China will be monster money maker.

JD.com announces potential spin-off of JD Cloud & AI business to JD Digits

Dec. 30, 2020 7:04 AM ETJD.com, Inc. (JD)By: Meghavi Singh, SA News Editor9 Comments

• JD.com (NASDAQ:JD) announces that on December 30, its board authorized the company to explore the feasibility and terms of a potential spin-off of the company's JD Cloud & AI business to Jingdong Digits Technology Holding or "JD Digits," in which the company owns a significant minority stake, in exchange for certain equity interest in JD Digits.
• The potential spin-off, would help JD Digits to deliver a suite of cutting-edge technology services to its business partners, while the company will continue to focus on its core competences and synergistic businesses to better serve customers.
• The transaction is subject to the audit committee's review and approval and the board's further consideration and approval and currently there is no assurance that the transaction will occur as a result of this exploration process.
• Separately, Mr. Zhenhui Wang resigned from his position as chief executive officer of JD Logistics and appointed Mr. Rui Yu, former chief human resources officer of the company, as the chief executive officer of JD Logistics.
• Shares are up 1.1% PM.
• Seeking Alpha contributor ALT Perspective recently made the case for more upside to come for JD.com.

• See all stocks on the move »

 

[NorthernStar]

So I said the solar industry is going to bifacial panels. Glass on the front and back. The result is a glass shortage. If the demand for your product is very high....this should be good for business.

I started to research who is providing the glass to the panel manufacturers. It seems like they were companies that glass was just a small piece of their business or they were privately held....this seemed to be the case for glass manufacturers in places like India.

One of the larger manufacturers for China was Flat Glass. There stock has gone up significantly. What the heck...I think it is going to go up even more....I will buy. Turns out it is traded on the HOng Knog exchange and my Etrade account wouldn't allow it. So I asked my son about it. He works managing million dollar endowments. He checks and comes back with FGSGF or I could get an international trading account. So I look at that and it has only been trading since September. I didnt have a chance to talk to him but I didnt understand it. The price was was $2.80 versus the one on the Hong Kong exchange was $25. I wasnt sure if I wanted to hassel with funding a new account. It is the holiday season and I have other stuff going on. You already know how this plays out.

I look at the FGSGF 10 days later and it has gone from $2.80 to $7.80. My son says I told you what the symbol was and you should have bought it. UGH.

There are other glass companies I just want it to be I identify the company hit submit and buy shares.

 

[Bozzie]

FGSGF...So you bought?
I'm very interested, I value your thinking a ton on this.....Do you understand why it hasn't updated since the 24th?
Also when you convert the price from 30.90 HKD to the US dollars it priced at 3.99 US or Yuan to dollar at 4.74 US dollar.

Is it a stock that resets weekly or something...? I see why you were unsure...I don't get the US price but I might be missing something.
I'll call my brokers international desk after the New Year for a clarification....

https://www.marketwatch.com/investing/stock/fgsgf

 

[Bozzie]

Global Market Comments December 31, 2020 Fiat Lux Featured Trade: (MY OLD PAL, LEONARDO FIBONACCI), (TESTIMONIAL) A Holiday Message from John Thomas

​ My Old Pal, Leonardo Fibonacci I remember the 12[SUP]th[/SUP] century like it was yesterday.In those days, the leading intellectuals used to get together and drink wine by the gallon, which then was really little more than rotten grape juice. The problem was that we all used to pass out before anybody came up with a great idea. Then someone started importing coffee from the Middle East, and thinkers stayed awake long enough to produce great thoughts. Enter the Renaissance. One of the guys I used to hang out with then was named Leonardo Fibonacci. Good old Leo was a man after my own heart, a world-class nerd and geek, with a penchant for mathematics. His dad was a diplomat from the Court at Pisa to the Algiers sultanate who had a nice little import/export business on the side. It is safe to say that there was probably as little action in Algiers then as there is today. I know because I’ve been there. Instead of camping out in his dad’s basement and staying depressed like a lot of young men these days, Leo killed time trolling the local bazaars for interesting used books he could buy on the cheap. Remember, this was before texting. That was not hard to do since most people couldn’t read. He took the trouble to learn Arabic and translated them back into Latin. Ancient math books were his specialty. It didn’t take Leo long to figure out that the Arabs had developed a numbering system vastly superior to the Roman numerals then in use in Europe. Most importantly, they mastered the concept of zero and the placement of digits in addition and subtraction. The Arabs themselves, in fact, lifted these concepts from archaic Indian mathematicians as far back as the 6[SUP]th[/SUP]century. If you don’t believe me about the significance of this discovery, try multiplying CCVII by XXXIV. (The answer is VIIXXXVIII, or 7,038). Good luck designing a house, a bridge, or a computer software program with such a cumbersome numbering system. Leo didn’t just stop there. He also discovered a series of numbers, which seemed to have magical predictive powers. The formula is extremely simple. Start with zero, add the next number, and you have the next number in the series. Continue the progression and you get 0,1,1,2,3,5,8,13,21,34,55…. and so on. It’s no surprise that the sequence became known as the “Fibonacci Sequence”. The great thing about this series is that if you divide any number in it by the next one, you get a product that has become known as the “Golden Ratio”. This number is 1:1.618, or 0.618 to one. Fibonacci’s original application for this number was to predict the growth rate of a population of breeding rabbits. Then some other mathematicians started poking around with it. It turns out the Great Pyramid in Egypt was built to the specification of a Fibonacci ratio. So is the rate of change of the curvature in a seashell, or a human ear. So is the ratio of the length of your arms to your legs. Upon closer inspection, the Fibonacci formula turned out to be absolutely everywhere, from the structure of the tiniest cell to the swirl of the largest galaxies in the universe. Fibonacci introduced his findings in a book entitled “Liber Abaci”, or “Free Abacus” in English, which he published in 1202. In it, he proposed the 0-9 numbering system, place values, lattice multiplication, fractions, bookkeeping, commercial weights and measures, and the calculation of interest. It included everything we would recognize as modern mathematics. The book launched the scientific revolution in Europe that led us to where we are today and was a major bestseller. In fact, you can still buy it on Amazon, making it the longest continuously published book in history. Enter the stock market. By the end of the 19[SUP]th[/SUP]century, some observers noticed that share prices tended to move in predictable patterns on charts. In particular, they always seemed to advance and pull back around the numbers forecast by my friend, Fibonacci, seven hundred years earlier. These people came to be known as “technical analysts,” as opposed to fundamental analysts, who look at the underlying business behind each company. By the 1930s, Fibonacci numbers had worked their way into mainstream technical analytical theories, such as Elliot Wave. Today, most market tracking software and data systems, like Bloomberg, will automatically throw up Fibonacci support and resistance numbers on every stock chart. Why am I talking about this? Because I am frequently asked how I pick the precise strike prices for options in my own Trade Alert Service. I use a combination of moving averages, moving average convergence-divergence (MACD) indicators, Bollinger bands, Fibonacci numbers, and a mumbling chant taught to me by an old Yaqui Indian shaman. And I do all of this only after going over the underlying fundamentals of the stock or index with a fine-tooth comb. I can’t be any clearer than that. Enter the high-frequency traders. Knowing that the bulk of us rely on Fibonacci numbers for our short-term trading calls, they have developed algorithms that seek to exploit that preference. They enter a large number of stop-loss orders to sell just below a “Fibo” support level, then put up fake, but extremely large offers just above it which are usually cancelled. Only 1% of these orders ever get executed. When conventional traders see these huge offers to sell, they panic, dump their stocks, and trigger the stop losses. The HFTs then jump in and cover their own shorts for a quick profit, sometimes only for a fraction of a penny. The net effect of these shenanigans is to make Fibo numbers less effective. Fibo support is just not as rock-solid as it used to be, nor is resistance. This is why the performance of several leading technical analysts has seriously deteriorated in recent years. Although their importance is now somewhat diluted, I still enjoy Fibonacci numbers as I see them in nature all around me. They occasionally have other uses such as in cryptography. When I watched The Da Vinci Code sequel, “Angels & Demons,” and listened to the clues, I recognized the handiwork of my old friend Leo. The rest of the audience sat there clueless, except for the group in the next row wearing “UC BERKELEY” hoodies. For the fellow geeks and nerds among you, here are the precise Fibonacci numbers indicating support and resistance, which you will find on a stock chart. Fibonacci Ratios Fibonacci ratios are mathematical relationships, expressed as ratios, derived from the Fibonacci sequence. The key Fibonacci ratios are 0%, 23.6%, 38.2%, and 100%. The key Fibonacci ratio of 0.618 is derived by dividing any number in the sequence by the number that immediately follows it. For example: 8/13 is approximately 0.6154, and 55/89 is approximately 0.6180. The 0.382 ratio is found by dividing any number in the sequence by the number that is found two places to the right. For example: 34/89 is approximately 0.3820. The 0.236 ratio is found by dividing any number in the sequence by the number that is three places to the right. For example: 55/233 is approximately 0.2361. The 0 ratio is : ​ [h=2]Leonardo Fibonacci (Maybe) [/h] ​ ​

​ Testimonial Thank John for his ceaseless banter. I enjoy this service so much. Great stories!!!!I hope our paths cross soon. Thank you Bill North Carolina ​ ​

Quote of the Day When asked how he manages the time to be chairman of Microsoft, run the world's largest charity, and raise three kids, Bill Gates answered, "I don't mow the lawn." ​

​

 

[Bozzie]

Might want to think about a hedge for the next few weeks...
I sold another 10% this AM...With the exception of BABA, LLNW And ADVL
Watching the Cboe Vix.

 

[Bozzie]

View in browser|nytimes.com January 4, 2021 Good morning and Happy New Year. (Was this newsletter forwarded to you? Sign up here.) Ted Cruz, left, and Josh Hawley are leading a last-ditch election challenge in the Senate.Anna Moneymaker/The New York Times [h=2]What election objectors could cost their corporate donors[/h] Any remaining notions that the presidential transition would go smoothly were shattered this weekend when 11 Republican senators announced that they would not certify Joe Biden’s Electoral College victory during a joint Congressional session on Wednesday. At the same time, President Trump pressured Georgia’s secretary of state to “find” enough votes to flip the state to him, on a Saturday phone call that was recorded. (That said, the prospect of a constitutional crisis hasn’t rattled markets: U.S. futures are up this morning.) The group of senators, led by Ted Cruz of Texas, will call for an emergency audit of election results in “disputed states,” without citing specific evidence of fraud. (There’s also Senator Josh Hawley of Missouri, who had already promised to dispute the result.) Scores of Republican House members also plan to reject the count, attracting strong condemnation and setting off infighting in the party. And companies whose political arms donated to these lawmakers’ campaigns now face accusations of funding their maneuvers. How businesses are being linked with this gambit. The senators rejecting the election count include Steve Daines of Montana, Bill Hagerty of Tennessee, Cynthia Lummis of Wyoming and Roger Marshall of Kansas, who ran and won their seats in 2020. Their major campaign contributors included corporate political action committees, which collect and distribute employee contributions, based on data from the Center for Responsive Politics. Here are some examples: An Exxon Mobil PAC contributed $10,000 to Ms. Lummis. In a statement to DealBook, the company said “we congratulate President-elect Biden on his election.” Ms. Lummis also received money from a U.S. Chamber of Commerce PAC. The trade association congratulated Mr. Biden on Nov. 7. It did not respond to a request for comment. A Chevron PAC donated $10,000 to Mr. Daines. The company acknowledged in a written statement that it “engages with many people and organizations that take positions” that are “not always aligned with all their views,” and said it looks forward to “engaging with President-elect Biden and his team.” Mr. Daines and Mr. Marshall received $10,000 each from a Goldman Sachs PAC. The bank has warned that sowing doubt about the orderly transfer of power threatens the economy. It did not respond to a request for comment. Apollo Global Management’s PAC contributed $10,000 to Mr. Hagerty. The firm did not respond to a request for comment. The challenge isn’t expected to delay the inauguration on Jan. 20, but it turns a routine process into a political showdown. Those who spoke up against the move did so in stark terms: “The voters have spoken,” said Republican senators Lisa Murkowski of Alaska, Susan Collins of Maine, Bill Cassidy of Louisiana and Mitt Romney of Utah, in a statement also signed by some Democratic colleagues. “Congress must now fulfill its responsibility to certify the election results.” Representative Liz Cheney of Wyoming, the third-ranking Republican, circulated a 21-page memo to House colleagues explaining why the move sets an “exceptionally dangerous precedent.” The former House speaker Paul Ryan, a Republican, said in a statementthat the challenges “strike at the foundation of our republic,” adding that “it is difficult to conceive of a more anti-democratic and anti-conservative act.” All 10 living former defense secretaries wrote in a joint op-ed that “the time for questioning the results has passed.” The rebellion could affect future corporate donations. In a new ad, the Lincoln Project, an anti-Trump Republican group, accused Mr. Cruz and Mr. Hawley — as well as Senators Tom Cotton of Arkansas and Rand Paul of Kentucky, who have promoted the president’s election fraud contentions but haven’t committed to the certification challenge — of attempting to suppress millions of votes, and called out “the corporate America titans who are funding them,” naming AT&T, Charles Schwab and Citigroup. If that creates reputational issues, companies may think twice about donations to challengers in 2022 — and beyond. [h=3]HERE’S WHAT’S HAPPENING[/h] The Covid-19 vaccine from AstraZeneca and the University of Oxford goes into use. Britain began inoculations with the shot, which has also received emergency approval in India. Scientists are increasingly immersed in debates about vaccination policy, including whether to delay booster doses to give more first shots faster. Carl Icahn starts to unwind his Herbalife bet. The billionaire sold more than half of his stake in the health supplements maker, and gave up his seats on its board, years after he defended it against a short-selling bet by Bill Ackman. The Wall Street Journal notes that he likely pocketed more than $1 billion from the investment. Chinese telecom stocks fall after a U.S. move to delist them. Shares in China Mobile, China Telecom and China Unicom fell in Hong Kong tradingtoday after the New York Stock Exchange said it would suspend their American listings to comply with a Trump administration order. A union starts up at Google. More than 225 people at the tech giant announced today that they have created the Alphabet Workers Union, named after Google’s parent company, pushing back against Silicon Valley’s antipathy to organized labor. The union was formed in secret over the past year. And in case you missed it over the holidays … Moderna was criticized for reserving some of its Covid-19 vaccine for employees and board members, though it said those inoculations wouldn’t come at the expense of public programs. Tesla said it had produced more than half a million cars in 2020, capping a big year for the high-flying electric automaker. The activist investor Dan Loeb called on Intel to consider breaking itself up and formed plans to create a $300 million venture capital fund. Alden Global Capital, the hedge fund known for buying newspapers and then slashing costs, bid for full control of Tribune Publishing, which owns The Chicago Tribune and The New York Daily News. G.E. was criticized for giving its chief, Larry Culp, a $47 million bonusafter tweaking rules in response to the pandemic to make the payout easier to trigger. [h=2]The curious timing of Bitcoin’s boom[/h] Even after a 10 percent fall today — at the time of writing — the price of Bitcoin is up so far this year, adding to a furious rally at the end of 2020 that pushed the cryptocurrency near $30,000 a coin, a level it breached this weekend. The euphoria stands in contrast to regulatory doubts about cryptocurrencies. Digital money enthusiasts have been submitting comments to the Treasury Department on a proposed new disclosure requirement for certain crypto transactions “aimed at closing money laundering regulatory gaps.” The deadline for comments is today, and more than 3,500 submissions are already in. The Blockchain Association sent Treasury Secretary Steven Mnuchin a letter requesting more time to consider the rule, arguing that “difficult and momentous” issues were being handled hastily. Eight House lawmakers also wrote to Mr. Mnuchin, asking that the review period be extended by several weeks. Elsewhere, the S.E.C.’s lawsuit against Ripple, accusing it last month of selling unregistered securities in the form of the XRP crypto token, has spawned private suits against exchanges that listed XRP. [h=2]“I just want to find 11,780 votes.”[/h] — President Trump demanding that Georgia’s secretary of state overturn the 2020 election results in a phone call that experts say may have violated lawsagainst election interference. [h=2]Where in the world is Jack Ma?[/h] Questions about the Chinese billionaire’s whereabouts have been growing because of canceled public appearances — after a crackdown on his business empire. His last one was more than two months ago, according to The Financial Times. Mr. Ma was replaced as a judge in the final of “Africa’s Business Heroes,”a reality show he created, and his photo was scrubbed from the judging webpage. A representative for Alibaba, the e-commerce giant he co-founded, cited a scheduling conflict. This follows an order from Beijing to overhaul Ant Group, the Alibaba financial affiliate whose I.P.O. was halted late last year after Mr. Ma criticized Chinese fintech regulations. Last week, regulators called Ant’s corporate governance “not sound” and accused the company of antitrust abuses. Once regarded as one of China’s biggest business successes, Mr. Ma has become one of its newest villains, according to The Times’s Li Yuan. [h=2]The week ahead[/h] Politics will dominate the news with the Senate runoff elections in Georgia on Tuesday, which will determine control of the chamber. On Wednesday, Joe Biden’s presidential election victory will be certified by Congress (despite objections from some Republican lawmakers — see above). In economics, the most important information comes on Friday, with the December jobs report. Analysts expect the economy to have added 100,000 jobs, less than half the previous month’s gain. For market watchers, welcome to Q1! Companies on deck to report their latest financials include Constellation Brands and Walgreens on Thursday. And today the shareholders of Fiat Chrysler and Peugeot parent PSA vote to approve a merger that would create the world’s fourth-largest automaker, set to be called Stellantis. [h=3]THE SPEED READ[/h] Deals Investors are preparing for 2020’s run of record-breaking I.P.O.s to continue, even as some fear the market is hitting bubble territory. (Bloomberg) MGM Resorts has bid $11 billion for the British gambling company Entain, to bolster its online-gaming operations. Entain rejected the offer. (WSJ) The latest Wall Street bet: water in the American West. (NYT) Politics and policy China’s recent spate of international trade and investment deals looks designed to head off an anti-Beijing push from President-elect Joe Biden. (NYT) How Janet Yellen, Tony Blinken and other Biden cabinet appointees profited from traditional Washington perks like speaking and consulting fees. (NYT) Prime Minister Boris Johnson said Britain was likely to tighten coronavirus restrictions as it grapples with a fast-spreading strain. (NYT) Tech Roku is reportedly near a deal to buy the content library of Quibi, the failed mobile-focused streaming service. (WSJ) Speaking of streaming, Discovery is betting on an offering focused on reality shows and documentaries. (NYT) Best of the rest One thing that has survived the pandemic: big law-firm bonuses. (FT) The troubles of the oil and gas industry are prompting younger workers to consider switching to fields like green energy. (NYT) The veteran broadcaster Larry King, 87, is being treated for Covid-19. (NBC News) Thanks for reading! We’ll see you tomorrow. We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. Andrew Ross Sorkin, Founder/Editor-at-Large, New York @andrewrsorkin Jason Karaian, Editor, London @jkaraian Michael J. de la Merced, Reporter, London @m_delamerced Lauren Hirsch, Reporter, New York @LaurenSHirsch Ephrat Livni, Reporter, Washington D.C. @el72champs Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for DealBook from The New York Times. To stop receiving these emails, unsubscribe or manage your email preferences

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[Bozzie]

Barclays iPath Series B S&P 500 VIX Short-Term Futures(VXX:CBOE)


Bought a bit this AM @16.89 to hold for the next few days... looking option activity upticks / volatility with this play.

I haven felt this bearish for a while.

 

[Bozzie]

[FONT=&quot]Mallinckrodt PLC[/FONT][FONT=&quot] ([/FONT][FONT=&quot]MNKKQ[/FONT][FONT=&quot]:[/FONT][FONT=&quot]OTCPK[/FONT][FONT=&quot])

Up 38% Today....Again the volume here is still good for buying the dips and selling the silly [/FONT]rallies.

 

[Bozzie]

Barclays iPath Series B S&P 500 VIX Short-Term Futures(VXX:CBOE)


Bought a bit this AM @16.89 to hold for the next few days... looking option activity upticks / volatility with this play.

I haven felt this bearish for a while.

Up 5% so far today.

 

[Bozzie]

Barclays iPath Series B S&P 500 VIX Short-Term Futures(VXX:CBOE)


Bought a bit this AM @16.89 to hold for the next few days... looking option activity upticks / volatility with this play.

I haven felt this bearish for a while.

18.44 now

Up 10% on the vix... this type of market could give back a nice chunk before the 6th..and maybe another chunk after the 6th depending.

Look out.

 

[CoachCB]

Might want to think about a hedge for the next few weeks...
I sold another 10% this AM...With the exception of BABA, LLNW And ADVL
Watching the Cboe Vix.

AVDL doesn't make sense to me - the volatility.

 

[Bozzie]

AVDL doesn't make sense to me - the volatility.

It's a take out play for me...It's just the normal stuff with a company like this.
I don't watch it that closely..The end game is what I'm looking at..That EDT play is the same.

I'm a sucker for HR's

 

[Bozzie]

18.44 now

Up 10% on the vix... this type of market could give back a nice chunk before the 6th..and maybe another chunk after the 6th depending.

Look out.

I never hold this over night it can open anyplace depending on the futures...

Sold at 18.54 for an 11% profit ....could be worth another shot tomorrow..maybe.

 

[Bozzie]

LLNW.
Interesting + 360k Bought, 7 seconds after the close today on higher than average volume.. sorta unusual.

After Hours Time (ET)	After Hours Price	After Hours Share Volume
16:00:36	$4.22	2,151
16:00:17	$4.22	346
16:00:07	$4.22	10,654
16:00:07	$4.22	366
16:00:07	$4.22	367,960
16:00:07	$4.22	7
16:00:03	$4.22	200
16:00:03	$4.22	216
16:00:02	$4.22	690

 

[CoachCB]

LLNW.
Interesting + 360k Bought, 7 seconds after the close today on higher than average volume.. sorta unusual.

After Hours Time (ET)	After Hours Price	After Hours Share Volume
16:00:36	$4.22	2,151
16:00:17	$4.22	346
16:00:07	$4.22	10,654
16:00:07	$4.22	366
16:00:07	$4.22	367,960
16:00:07	$4.22	7
16:00:03	$4.22	200
16:00:03	$4.22	216
16:00:02	$4.22	690

It's down right now, after hours, to 4.20

 

[Bozzie]

Yeah..AF prices are goofy sometimes..The timing and volume were unusual ...I'll take any thing with this stock at this point...It's been a woofer but trading at x2 still has me here.

 

[Bozzie]

Market looks like it's opening down this AM...Hoping for a pop up early then a fade today..Hopefully.
Still what to mess with the vix today..maybe.

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Top News Down to Georgia​ ​ ​ Shutterstock​ ​ Investors are eyeing today's Senate runoff election in Georgia, which will decide if Joe Biden has the ability to pursue his preferred economic policies at the onset of his administration. Backdrop: Democrat Jon Ossoff, a documentary filmmaker, and Rev. Raphael Warnock, a senior pastor at the historic Black church Ebenezer Baptist Church in Atlanta, are taking on Republican incumbent senators David Perdue and Kelly Loeffler. As of now, the GOP holds a 50-48 majority in the Senate, but if Democrats win both of the runoff races, Vice President-elect Kamala Harris would be the tiebreaking vote, giving the party control of the White House and Congress. Bigger picture: Both contests are tight and the results may not be immediately known, which could lead to a repeat of the chaotic vote re-counts following the U.S. presidential election in November. More drama will ensue on Wednesday as the House and the Senate formalize Biden's Electoral College win (a group of at least 12 Republican senators are objecting to the certification). What it means for the market: Uncertainty about the Georgia runoffs already sent Wall Street sharply lower on Monday and volatility could return. Democrats taking the Senate would mean "an ever greater convergence of loose fiscal and monetary policy which would have negative implications for U.S. Treasuries and the dollar," according to Chris Woods at Jefferies. "Nonetheless, it could be the excuse for a near-term consolidation in risk markets after a strong post-election rally," added James Knightley, chief international economist at ING. Still, a blue wave would only give the party a slim Senate margin, meaning Democratic proposals - from rewriting the tax code to increased regulatory risks for Big Tech, banks and the energy sector - could be watered down. (10 comments) Go Deeper: Senate runoff is a big wildcard for the cannabis sector. ​ Economy Worries about inflation​ ​ President-elect Joe Biden has also referred to the latest coronavirus aid package as a "down payment" for dealing with the pandemic and today's runoff election in Georgia could make that a reality. Another stimulus bill providing cash for testing and vaccinations, aid to cities and states and a third round of direct payments could be valued in the trillions of dollars, and that is prompting worries about inflation and the massive federal deficit. Backdrop: The U.S. hasn't seen significant inflation in almost 40 years, and since the 2008 financial crisis the economy has experienced very low inflation and even deflation. A moderate level of inflation occurs naturally in a growing economy, yielding higher prices that encourages businesses to invest, interest rates to go up and higher wages. Bigger picture: Central bank officials have said they will tolerate inflation levels higher than 2% to juice the economy and get back to full employment, but if the number rises at a faster rate, it could be harmful for investors and force the Fed to tighten policy sooner than expected. Outlook: "The bottom line is that it will take a long time for average inflation to reach 2%," Chicago Fed President Charles Evans said on Monday. "To meet our objectives and manage risks, the Fed's policy stance will have to be accommodative for quite a while." Others like Bill Dudley, the former president of the New York Fed, made waves last month by suggesting inflation might come back "much more quickly than the consensus suggests" due to pricing differentials and the lingering effects of the pandemic. ​ Sponsored By Planet Ventures One Company Reinventing The Potential Of Online Gaming​ ​ ​ For the past decade, eSports has been such a consistently overlooked and undervalued industry, despite reports that eSports competitions will soon attract more than 654 million viewers — that’s double the size of the U.S. population! In 2020 alone, analysts recorded over $150M in eSports investments. Planet Ventures is taking full advantage of this massive industry growth, featuring a new state-of-the-art gaming platform that combines the best elements of online gaming, betting, and influencer collaborations. Click here to see how Planet Ventures is set to supercharge this $300 billion dollar industry in the coming years.​ Healthcare RIP Haven​ ​ It's not easy disrupting the U.S. healthcare sector and JPMorgan (NYSE:JPM), Amazon (NASDAQ:AMZN), and Berkshire Hathaway (BRK.A, BRK.B) are learning that the hard way. Haven, the joint venture launched by the three companies back in 2018, will get disbanded at the end of January, with little to show for its three years of effort. Mission: Haven aimed to combat the high and rising costs for employee healthcare by combining the might of leaders in technology and finance. It would radically improve the American healthcare system, which features a complicated configuration of doctors, insurers, drugmakers and middlemen that costs the country $3.5T each year. What happened? Each of the three founding companies executed their own projects separately with their own employees, obviating the need for the joint venture to begin with, CNBC reports. Haven also faced several high profile departures, such as CEO Atul Gawande in May 2020. Outlook: The three companies are still expected to collaborate informally on healthcare projects, while the venture has achieved no-deductible plans with wellness incentives for employees of Amazon, JPMorgan, and some Berkshire companies. (48 comments) ​ Tech Minority union forms at Google​ ​ In a rare Silicon Valley development, a few hundred employees have formed a union at Google (GOOG, GOOGL), marking the latest new peak in what has been swelling worker activism at the tech giant. Backdrop: The Alphabet Workers Union formed mostly in secret over the past year, the NYTnotes, and elected leadership last month. It's affiliated with the Communications Workers of America, a union that represents workers in telecommunications and media in the U.S. and Canada. Bigger picture: As a minority union, it's not really in a position to negotiate over wages and work contracts, but it does add some staying power to what has been growing unrest among workers over issues tied to pay policies, harassment and company ethics. Response from Google: "We've always worked hard to create a supportive and rewarding workplace for our work force. Of course, our employees have protected labor rights that we support. But as we've always done, we’ll continue engaging directly with all our employees." (35 comments) ​ Sponsored By Planet Ventures ​ Energy Clash at OPEC+​ ​ Moscow and Riyadh are again at odds over how much extra oil the market can tolerate as the escalating COVID-19 pandemic threatens a wave of tighter lockdowns. What happened? At a meeting on Monday, Saudi Energy Minister Prince Abdulaziz bin Salman proposed rolling back the 500K barrel-a-day production increase the group made this month, while his Russian counterpart, Deputy Prime Minister Alexander Novak, wanted to maintain that supply hike and add the same amount for February. OPEC+ talks were unexpectedly suspended as a result, but will resume today. Note: While failure to reach a compromise is rare, it can have damaging consequences, like the month-long price war seen in 2020. Outlook: The extension of talks also casts doubt on the production increase of 500K barrels a day traders had penciled in for March and April. OPEC+ producers are currently idling 7.2M barrels a day, or about 7% of world supplies, and had planned to return a further 1.5M barrels a day in installments over the coming months. ​ What else is happening... Stock futures volatile after negative start to the year. NYSE (NYSE:ICE) scraps plans to delist Chinese telco giants. England enters its third national lockdown. Jack Ma suspected missing; Alibaba (NYSE:BABA) falls 2%. Slack (NYSE:WORK) goes down for several hours. Bitcoin (BTC-USD) hangover as Ethereum (ETH-USD) steals the show. ​ Today's Markets In Asia, Japan -0.4%. Hong Kong +0.6%. China +0.7%. India +0.5%. In Europe, at midday, London +0.2%. Paris -0.2%. Frankfurt -0.2%. Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +1.5% to $48.32. Gold +0.3% at $1952.59. Bitcoin +4.7% to $31483. Ten-year Treasury Yield +1 bps to 0.93%​ Today's Economic Calendar Auto Sales 8:55 Redbook Chain Store Sales 10:00 ISM Manufacturing Index 3:45 PM Fed's Evans Speech 3:45 PM Fed's Williams Speech Companies reporting earnings today »​

 

[Bozzie]

Vxx set to open higher.... iPath Vix Short term Call VXX.CBOE
18.70 now.
This could rocket or be a mud drill today.

https://www.cnbc.com/quotes/?symbol=VXX


Another Play is the vix INDEXCBOE: VIX and this one is a rocket with the right conditions...
Trading at 27.90 more volatility ..I don't mess with this one much...Up 21% yesterday..It's leveraged so beware

https://www.google.com/finance/quot...UKEwiW6oOy-ITuAhVjvlkKHR4_DjYQ3ecFMAB6BAgBEBk

 

[Bozzie]

Green light on BABA..The US backing off from delisting the three Chinese telecoms off the US markets is huge...Just huge.
Bulls arrive this AM

JD up
BABA up...

Jack Ma hasn't been taken in to custody ...This shit is nuts with the CCP..I'd never be involved without the market being what it is in China