What You Need To Know
Market Update
US futures are up. Congress has confirmed the Biden election win. US weekly jobless claims were lower than expected 787,000 vs 815,000 estimated. The markets look to break yesterdays all time highs. The Democrats have won the majority in the Senate completing the blue wave that looked bust almost 2 months ago.
International Markets
European and Asian markets are mixed as they watched the US reach all time highs in the stock market and what happened in the capital.
Commodities
Gold and silver are up slightly today. Precious metals fell as 10yr treasury yield broke above 1%. Oil continues to rise as cuts in production is leading to supply restraints.
Crypto
Bitcoin has currently broken $38,000 and is trading at $38,342.
Interesting News
2021 the Year of the EV. After having a great 2020, 2021 could be even better for EV companies as Democrats have a proposed 10-year cash voucher plan for EV purchases. Oatly the milk alternative milk brand is going public at a $1 billion valuation later this year. Andrew Cuomo announced his support for the legalization of mobile sports betting in New York. The EU announced a fund yesterday to invest into the European startups.
Biggest After Market Movers
Best Bath and Beyond (BBBY) is down 12.5% after falling short on their eps. Walgreens (WBA) is up 3% after beating their eps. CureVac (CVAC) is up 15% after striking an alliance deal to help gain regulatory approval and to distribute vaccine doses.
Chart of the Day
HD looking strong for a breakout
