Why Stimulus 3.0 + Impeachment 2.0 means very little to investors

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Good morning, Bull Sheeters. Stocks and futures changed little on Thursday Reports The incoming Biden administration is planning a new round of stimulus spending, priced at $ 2 trillion. Robinhood dealer, you’re in luck. The proposal reportedly includes $ 2,000 worth of stimulus checks that would earn you a fair fraction of Bitcoin.

The other big news from Washington – Impeachment 2.0 – did little to confuse markets yesterday. Yes, the Dow fell at the same time in the last half hour of trading the historic vote on the uprising, but the real test comes in the Senate – whenever that may be.

Let’s see what moves the markets.

Market update


  • The mayor Asia indices are mixed with Japan in afternoon trading Nikkei above 0.8%.
  • China reported it is first COVID death nine months from now, and its largest accumulation of new cases since last spring, revelations weighing on investors.
  • The Trump administration beaten import bans in Chinese cotton and tomato Broadcasts as global criticism of Beijing for human rights abuses in Xinjiang.


  • The European stock exchanges were mixed with that in early trading Stoxx Europe 600 above 0.2% outdoors, before climbing.
  • The Euro holds as well as Italian stocks and bonds like PM Giuseppe Contes Government in Rome sways on the edge of collapse. Overthrown governments are nothing new in Italy (although this is rare in the middle of a pandemic).
  • The $ 20 billion Mega transatlantic food fusion between Canadas Couche-tard and French retail giant Carrefour hit a big catch. The French government is express his opposition on a foreign takeover of France’s favorite shopping mall hygienic paper during a pandemic.


  • The US futures are flat again this morning after meager gains on the S&P 500 and Nasdaq yesterday. Intel was the top performer yesterday after the beleaguered chipmaker announced a change in leadership.
  • What happened to Stimulus trading? CNN reported Elected President Joe Biden will roughly reveal one $ 2 trillion COVID-19 aid package today, and yet the markets are completely unimpressed.
  • Shares in Johnson & Johnson were 1.2% higher in pre-market trading after the Drug manufacturer announced it is Single-shot COVID-19 vaccine produced a promising long-lasting immune response in early-stage testing.


  • gold is down, down again $ 1,840 / ounce.
  • The dollar is flat.
  • Raw is downstairs with Brent around quietly $ 56 / barrel.
  • Bitcoin is plus 10% in the past 24 hours. Maybe I should have followed my butcher’s advice to go all-in $ 35,000.



Earning season advice courtesy of BofA Securities

Stock picking advice courtesy of Meek Mill, the famous rapper

And the vaccination guide is …

The restoration trade depends on a successful introduction of vaccines. capital tracked the winners and losers.

Who needs suggestions?

As the future Biden administration is planning a third economic cycle, let’s take a look at household savings rates. According to data from the German investment bank Berenberg, American households are pretty flush compared to the Germans, French and British.


I wish everyone a pleasant day. See you here tomorrow … Until then, there’s more news below.

Bernhard Warner

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