Expansion (contraction) of multiples in the S&P 500.
Archives of “December 16, 2020” day
rssThe 10 best IPOs in history.
The rationality of the market.
Recapping some of the overnight oil headlines
The Saudi Crown Prince issued a statement overnight, a bit of a generic one but given OPEC’s grappling with supply response to demand uncertainty I thought I’d mention it.
He said the country is working in co-operation with OPEC+ (OPEC and Russia is the translation of that in effect, although there are some other countries making up the “+”) for stability in the oil markets.
Also speaking Tuesday was the Energy Minister of Algeria (Algeria currently holds OPEC’s ‘rotating’ presidency for this year):
- “Despite the positive signs and a significant improvement in oil prices, I think we should be very cautious” (he is referring to fine-tuning OPEC+ easing of its oil production cuts given the precarious state of demand)
Oil prices generally firmed on Tuesday.
MSCI to delist 10 China companies from some of its indexes
MSCI to delete the securities of 10 Chinese companies from its global investable market indexes
- those referenced in the US executive order 13959
- this executive order prohibits US investors from purchasing/investing in securities of companies identified by the U. government as “Communist Chinese military companies.”
31 Chinese companies are affected.
Thought For A Day
