“Momentous day: Electoral College votes today, ending the 2020 election; and the Pfizer vaccine rolls out to the public, beginning the end of the pandemic. “@Eamonjavers CNBC
HHS Sec. Azar predicts the general population could see access to the COVID vaccine “by late February going into March,” telling @SavannahGuthrie: “I I think you’ll start seeing much more like a flu vaccination campaign, people going into their Kroger, their CVS, their Walgreens”
Politico: bipartisan Senate group expected to release its $908 billion coronavirus bill today, with a likely twist, per two sources familiar. Two pieces: will be a $748 billion piece with less controversial spending and then a $160 billion state and local plus liability piece. McConnell suggested last week separating state and local and liability from the overall package. Seems like this is what is happening here
Moderna expected to win approval on Thursday to start distribution of its drug, Positive vaccine news outweighs negative news
GBP +175 ticks on Brexit optimism
A bit scary supposedly Russian hackers from a group named APT29 hacked into NSA State Department, Military, Treasury and the Pentagon.
From Reuters” Bitcoin rallies >$19k again as institutional interest grows as the global volume of negative-yielding debt hit fresh ATH of
$18.4tn. Life insurance giant MassMutual has announced it has
already invested $100mn in Bitcoin for its general fund.
This week we see Central bank decisions from FED, BOE, BOJ, Mexico Switzerland and Russia
Stocks higher, Spoos +.8%, nas +.4% Russell +1.2% Stoxx +1%, Dax +1.2% as is Mib NKY closed little changed China CSi 300 +1% Bund yields +3 bps, US 10s +3.5 30s +4 bps Dollar index new YTD lows -50 ticks Gold not trading higher Gold -1% Silver little changed, copper also trading lower hmmm no reflation trade today?
Gold headed for first quarterly loss in 12