Historic increase in US GDP revised to 33.4% annualized rate (SPY +0.2%). The US economy grew at a record pace, fueled by $3 trillion in stimulus.
Here is the current market situation from CNN Money
European markets are mixed today. The DAX is up 1.09% while the FTSE 100 gains 0.43%. The CAC 40 is off 2.43%.
What Is Moving the Markets
Here are the headlines moving the markets.
How Electric Vehicle Hype Created A Brand New Trillion Dollar Market By now, you probably already know that electric vehicles were one of the hottest markets, if not the single hottest market in 2020. You might also already know that Tesla soared 592%, and that its Chinese counterparts NIO, Xpeng, and Li Automobile soared 1411%, 105%, and 106% respectivelyBut what you may not yet know is that theres another opportunity emerging in EV markets. Some of the biggest opportunities in the exploding EV space arent to be found only in stocks of EV makers, instead, they could be made in companies that are sett
6 hours Mexican President Uses Texas Freeze To Push For Energy Independence 7 hours Oil Majors Look To Exit Tunisia 9 hours Buffett Proposes 10 GW In New Gas Plants For Texas 10 hours Survey: Businesses Don’t Believe Energy Transition Is Viable 1 day Chinese Oil Giant CNOOC Sees Profits Plunge By 59% In 2020 1 day Biggest Oil Lobby Throws Support Behind Carbon Pricing 1 day People’s Bank of China Goes All-In On Clean Energy 1 day Ex-Glencore Oil Trader Pleads Guilty To Price Manipulation 1 day Canada Oil Industry to Shed 7,300 Jobs This Year 1 day Customers Can Now Buy Tesla With Bitcoin 1 day Gas Pipeline Explosion Cuts Venezuela Oil Production By 30,000 Bpd