Table of Contents
𝙄𝙩’𝙨 𝙗𝙚𝙚𝙣 𝙖 𝙨𝙝𝙤𝙧𝙩 𝙬𝙚𝙚𝙠 𝙤𝙣 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙙𝙪𝙚 𝙩𝙤 𝙝𝙤𝙡𝙞𝙙𝙖𝙮𝙨 𝙥𝙚𝙧𝙞𝙤𝙙. 𝙈𝙤𝙨𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙬𝙚 𝙤𝙣𝙡𝙮 𝙤𝙥𝙚𝙣𝙚𝙙 𝟯-𝟰 𝙙𝙖𝙮𝙨 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠 𝙖𝙣𝙙 𝙖𝙘𝙩𝙞𝙫𝙞𝙩𝙮 𝙬𝙖𝙨 𝙣𝙖𝙩𝙪𝙧𝙖𝙡𝙡𝙮 𝙫𝙚𝙧𝙮 𝙡𝙞𝙢𝙞𝙩𝙚𝙙.
US markets were closed for Christmas Holidays on Friday. Most of the weekly move was done on Monday. Rest of the week we had very low volatility. Hence I am keeping this week’s update short for you dear Followers/Copiers to concentrate on your time off.
👉 Over the last weekend the 𝙐𝙎 𝙡𝙖𝙬𝙢𝙖𝙠𝙚𝙧𝙨 𝙧𝙚𝙖𝙘𝙝𝙚𝙙 𝙖 $𝟵𝟬𝟬𝙗𝙣 𝙙𝙚𝙖𝙡 𝙩𝙤 𝙠𝙚𝙚𝙥 𝙩𝙝𝙚 𝙚𝙘𝙤𝙣𝙤𝙢𝙮 𝙖𝙛𝙡𝙤𝙖𝙩. Also $TSLA (Tesla Motors, Inc.) finally found its place in the $SPX500 as of Friday 18th Dec close. It jumped to the 5th place in the wide market index at the start in term of weight – very high for a company that had such a wide public of naysayers yet a few months ago. The stock is up appx. 650% this year.
👉 As of the start of the week though the good news was balanced by new wave of negative sentiment from UK due to the 𝙨𝙥𝙧𝙚𝙖𝙙 𝙤𝙛 𝙖 𝙣𝙚𝙬 𝙘𝙤𝙧𝙤𝙫𝙖𝙫𝙞𝙧𝙪𝙨 𝙢𝙪𝙩𝙖𝙩𝙞𝙤𝙣 across the country. A number of countries halted travel connection with US and fear of further locdowns bursted. The indices were 2-4% in the red in EU and started down in the US as well. American stocks did finally manage to rebuild though and ended only slightly down on Monday.
👉 The markets stayed a little vulnerable into the end of the week, but no more big moves appeared. Some of the selling pressure was possibly connected with the 𝙚𝙣𝙙-𝙤𝙛-𝙮𝙚𝙖𝙧 𝙘𝙖𝙨𝙝𝙞𝙣𝙜 𝙞𝙣 𝙛𝙤𝙧 𝙩𝙖𝙭𝙖𝙩𝙞𝙤𝙣 𝙧𝙚𝙖𝙨𝙤𝙣𝙨 (and so will it possibly be till Tuesday next week.
👉 𝙂𝙤𝙤𝙙 𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙤𝙛 𝙚𝙣𝙚𝙧𝙜𝙮 𝙨𝙩𝙤𝙘𝙠𝙨 from last weeks generally stayed in place as investors keep betting on a broader economic improvemnt in 2021. $CVX (Chevron) , $XOM (Exxon-Mobil), $FANG (Diamondback Energy Inc) stood out.
👉 𝙀𝙛𝙛𝙚𝙘𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠𝙡𝙮 𝙞𝙣𝙙𝙚𝙭 𝙘𝙝𝙖𝙣𝙜𝙚𝙨: $SPX500 -0.5%, $NSDQ100 -0.3%, EuroStoxx600 -0.3%, $GER30 +0.2%, $JPN225 -0.4%.
𝗢𝘁𝗵𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗲𝘃𝗲𝗻𝘁𝘀
👉 𝘽𝙤𝙣𝙙𝙨: the US yield curve (10y-FF) stable at 85bps, the German curve (10Y Bunds-3M) at 17bps. EuroArea AAA-rated bonds yield curve a bit narrower at 13bps. High Yield Spreads at 4.
👉 𝘾𝙤𝙢𝙢𝙤𝙙𝙞𝙩𝙞𝙚𝙨 (𝙚𝙭 𝙤𝙞𝙡): $GOLD -0.2%, $SILVER -0.4% on week. Not much action.
👉 𝙊𝙞𝙡: dropped 1.4% on the new virus mutation news from the start of the week.
👉 𝘾𝙪𝙧𝙧𝙚𝙣𝙘𝙞𝙚𝙨: DXY (Dollar Index) +0.2% on week, $EURUSD +0.2%.
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