GLOBAL GDP 2021
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rssOptimize Stops Separately
- To optimize for the best protective stops and the best trailing stops, use the same optimizing procedure as for the original moving average optimization.
- Each kind of stop is analyzed separately. When optimizing for stop levels, never adjust the moving average lengths or filter of the basic system.
World’s Most Valuable Brands in 2021 from the Visual Capitalist
Central banks on the move, what to look out for next year?
The BOE “surprised” with a rate hike last week but that aside, we’re on track for quite a number of major central bank action next year. Here is a neat crib sheet put out by ING before the events from last week:
Obviously, the Fed is arguably the more pertinent case to focus on. The doubling of the pace of tapering last week sets the stage for rate hikes to potentially come in April or May (1H 2021). So, that is an important caveat to pin when viewing the sheet above.
So Turkey promised its citizens to be compensated for their currency losses if they stick with the Lira. Simple question, compensated with what?
This is Jack Dorsey’s first sketch of Twitter in 2005:
This is one of China’s biggest lockdowns to date.
- ordered its 13 million residents to stay at home and avoid unnecessary outings
- Since Dec. 9, the city in the northwest of China has confirmed more than 140 Covid-19 cases
- Late Wednesday, the Xi’an city government said on its verified social-media account that another 127 people in the city had tested positive for Covid-19 in an additional round of mass testing. It didn’t say what variant caused the new infections.
While not in the industrial heartland of China the official response is indicative of the risk of further lockdowns ahead and consequent disruptions to supply chains and the Chinese economy.
If I were to point the market cycle phase I think $BTC is in now.
AUD traders – iron ore price forecasts for 2022
UBS expects iron ore to average $85 a ton in 2022
- Citigroup sees $96
- Capital Economics predicts $70 by the end of next year.
These compare with the current (SGX spot futures) price circa USD126. The price has plunged since
US major indices close near session highs for the 2nd day in a row
The major indices are closing near the session highs, and completing the second day of the “Santa Claus Rally” which saw strong gains yesterday, and solid gains again today.
Recall from yesterday, US equities finished the day slightly off highs:
- S&P 500 +1.8%
- Nasdaq +2.0%
- DJIA +1.6%
- Russell 2000 +2.7%
The gains yesterday snapped a three day losing streak, and a six day period that saw stocks move down five of the six trading days.
The final numbers today are showing:
- Dow industrial average rose 261.20 points or 0.74% of 35753.88
- S&P index rose 47.33 points or 1.02% to 4696.55
- NASDAQ index rose 180.82 points or 1.18% 15521.90
- Russell 2000 rose 18.95 points or 0.86% at 2221.90
All 11 components of the S&P index rose on the day led by consumer discretionary’s +1.8%, technology was up +1.3% and health was up +1.1%.