Morning 11-11

 Veterans day Cash bonds closed; Government closed thus No Economic releases Oil numbers tomorrow Nat Gas Friday

  Goldman sachs out with some predictions end of year target for   SPX 3700 for year end 2021 4300!  As A friend used to say  “buy em up”  where we are not seeing buying is China’s Tech Sector  as the hang Seng Tech index is  down  12% since Monday as China proposes new regulation  to root out monopolistic activity in her tech Sector  Tencent and Alibaba down big on day(Mizuho)…China also forced out Hong Kong politicians who are not loyal to mainland,  China flexing her muscles here a bit. New Zealand Cen bank issued a policy statement which took negative rates pricing off the board the kiwi at 16-month highs vs dollar. Corn and beans new contract highs yesterday’s Bullish Crop numbers still providing a bid impressive rally. European banks taking rest today little changed as I type I will look at European banks and  small caps as one side of the trade and the Nasdaq as the other, so with  Russell little changed Nasdaq  +1%    Spoos +.75%   Stoxx 50 little changed Dax +.23%  UK FTSE +1%  C rude Oil and brent not looking back  grab a narrative and run   CL and brent +2,4%  yesterday API data bullish for Crude Brent 10 week highs  as Long term calendar spreads Firm  on vaccine hopes…US 10 year yields recent highs .97% , 1% has turned into a big psychological are

News:

A shipment of 2,000 breeding sows from Europe have arrived in China’s southwest Yunnan Province, customs official reported yesterday. The pigs will be quarantined for 45 days before they are used to help restore production after African swine fever wiped out around half of China’s massive hog herd. Yunnan province has imported 4,520 breeding sows so far this year, according to customs officials.

From yahoo Finance In its latest local economic impact report, Yelp data showed that through August, over 97,000 businesses have permanently closed, including 19,590 restaurants

Reuters “California and several states across the U.S. Midwest tightened restrictions on residents on Tuesday as the nation’s top infectious disease specialist called on Americans to remain vigilant until a vaccine can be approved and distributed.

Alibaba boasts $56 billion sales as post-virus Singles’ Day gets into full swing
TEXAS COVID-19 CASES EXCEED 1 MLN IN WORSENING NEW WAVE. – BBG.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.