NK says its railway-borne missile system is an efficient counter-strike weapon.
Some pics are doing the rounds:
North Korea’s latest test missile firing was launched from a train
Latest Posts
rssICYMI – Bridgewater founder Dalio: “I have a certain amount of money in bitcoin”
Ray Dalio is the founder of the world’s largest hedge fund, Bridgewater Associates; he said he still thinks that bitcoin makes a good alternative to cash
Dalio was speaking in a CNBC interview:
- said regulators will kill BTC if its successful, “I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it”
Dalio likes BTC:
- “I think it’s worth considering all the alternatives to cash and all the alternatives to the other financial assets. Bitcoin is a possibility. I have a certain amount of money in bitcoin”
Link to CNBC is here for a little more, worth checking out.
BTC update:
US House advances tax plan (higher corp tax, higher tax on wealthy)
The US House of Representatives House Ways and Means Committee votes to advance the plan.
What this means is it moves the bill to the House for a vote.
With the Democratic majority, it’ll likely pass.
And then negotiations will continue with the Senate where passing will be much, much more difficult. Plenty of negotiations on this are still to come.
TL;DR is nothingburger.
US stocks close near highs
Major indices all higher
The US stocks are closing near their highs for the day. The Russell 2000 index of small-cap stocks was the biggest gain or with a 1.1% rise.
- Dow and S&P up to the last three trading days
- NASDAQ snapped a five day losing streak
- The major indices closed near their highs for the day
- S&P has its best day in more than two weeks
- All major S&P sectors rose with the exception of utilities
- Energy +3.83%. Industrials +1.12%, Materials +1.11%, financials +0.93%. S&P sector laggards include utilities -0.14%, consumer staples +0.41%, real estate +0.42%, and discretionary +0.67%
the final numbers are showing:
- Dow rose 236.8 points or 0.68% at 34814.40
- S&P index rose 37.63 points or 0.85% at 4480.69
- NASDAQ index rose 123.78 points or 0.82% 15161.54
- Russell 2000 rose 24.46 points or 1.11% at 2234.45
The US dollar was weaker today, despite the fact that US interest rates move higher. The Canadian dollar was the strongest of the majors.
Thought For A Day
‘Trading and Life’ – #ANIRUDHSETHI
If you enter this world, you better stay invested
Your patience, hard work and skills will often be tested
You need to do a lot of research and get your hands dirty
Get out into the real world; doesn’t matter if you’re twenty or thirty
You need to be a well-oiled machine
You’ve gotta be the sharpest you’ve ever been
The most hardworking person this world’s ever seen
Be on guard, ready to act whether the numbers are red or green
You might take a stumble
And the market might seem to crumble
You should be down for it, engines always ready to rumble
Things might turn sour
And you might find yourself in the lonely hour
But you should never doubt your fire
Keep going, you’re going to thrive
Don’t ever stop, you’ll have a better life (more…)
The 20 Fastest Growing Jobs in the Next Decade
“Bitcoin is pure monetary property in cyberspace.
It has no weight, therefore I can move it at the speed of light. It has no jurisdiction, therefore the government can’t impair the asset.”
Kuroda: If necessary, BOJ will further relax monetary policy such as by reducing interest rates
Comments from the BOJ leader
- Sees ongoing virtuous cycle of corporate profits and investment
- Virtuous cycle of corporate profits and business fixed investment will continue despite
- Virtuous cycle is operating particularly in manufacturing on the back of firm recovery overseas
- impact of supply chain disruptions an factory shutdowns in South-East Asia
- BOJ is committed to achieving 2% inflation target as early as possible
- If necessary, BOJ will further relax monetary policy such as by reducing interest rates
- Japan’s private consumption has remained stagnant
- Expects steady rise in inflation to 2%, though not before 2023
- Economy will recover with impact of covid waning due to vaccinations
These comments were out a short time ago. USD/JPY has been on the march higher but the rise is more likely due to the strong Empire Fed numbers.
EIA weekly oil inventories -6422K vs -3544K expected
Weekly data from the EIA
- Crude prior -1529K
- Distillates -1688K vs -1612K expected
- Gasoline 1858K vs -1957K expected
Yesterday’s private data from the API:
- Crude -5437K
- Gasoline -2716K
- Distillates -2888K
- Cushing -1345K
The US SPR stocks fell by 529K bpd. US agsoline demand over the past four weeks is running at 9.41 mbpd.
There has been some minor buying on this but oil had already been sizzling today on expectations that some natural gas power demand will be switched to petroleum due to the energy crisis ongoing in Europe and elsewhere.
