Archives of “May 2021” month
rssVerizon sold AOL + Yahoo to Apollo for $5B. At the peaks, these 2 companies were worth a combined $325B.
USD is seasonally strong in May, EUR to weaken
- May has typically been the best month for USD performance
- this may put pressure on the euro, and indeed … “We saw a little taste of that on Friday with the largest one-day fall in EUR in over a year”
- strategists including Daniel Been wrote in a note

Bill and Melinda Gates announce divorce
NEW: Bill and Melinda Gates have announced they’re getting a divorce. The Gates family has a net worth approaching $150 billion, and their separation could set records for the largest divorce settlement to date.
The Pfizer COVID-19 vaccine to be authorised for ages 12 – 15 in the US next week
The New York Times reports on further progress in the US vaccination program.
- FDA to approve its use for the 12 to 15 ages next week.
- NYT citing federal officials.

Overnight : DOW Closed + 238 points
US stocks saw a flow out of the big cap tech Nasdaq index, and into the cyclicals of the Dow 30. The S&P index is also higher. The NASDAQ index traded as high as 0.57% before reversing and moving down as low as -0.58%. The index settled near the lows at -0.48%. Meanwhile the DOW index never traded negative on the day (nor did the S&P). The Dow gained 0.7%. The S&P rose by 0.31%
Thought For A Day
WTI crude oil futures settle at $64.49
WTI crude oil futures up $0.91 1.43%
the price of WTI crude oil futures are settling higher on the day on hopes for reopening and stronger global growth. The price settle up $0.91 or 1.43% at $64.49. The high for the day reach $64.68. The low for the day extended to $62.91

Worth noting: $FB During the month of April, Zuckerberg dumped more than $400 million worth of his shares on all of us.
As the rotation out of tech into cyclicals continues, what key earnings will be released this week
Earnings releases for this week
The rotation out of tech into cycles has the Nasdaq down and the Dow up today. The NASDAQ is currently down 57 points or -0.41% 13906.21. Meanwhile the Dow is up 313 points or 0.93% at 34189.
- Robot
- Pfizer
- CVS health
- Corsair
- Under Armour
- ConocoPhillips
- Skillz
- Activision/Blizzard
- Zillow Group
- Lyft
- Xilinx
- Hilton
- PayPal
- Rocket Companies
- Etsy
- Uber
- Tullio
- Marathon oil
- Moderna
- Viacom CBS
- Regeneron
- Wayfare
- Square
- Roku
- AMC
- Peleton
- Beyond Meat
- Dropbox
- GoPro
- Draft Kings
- Nikola