January 19, 2021
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the economy.
A regulation just finalized (update) aims to prevent lenders from blackballing businesses in industries opposed by the left by requiring banks to demonstrate that their loan decisions are “based on quantitative, impartial risk-based standards,” rather than political or reputational concerns.
The proposed Fair Access to Financial Services Rule (FAFSR) is a response to successful pressure campaigns waged by environmental groups and congressional Democrats, which culminated in every major American bank refusing to finance drilling projects in the Arctic National Wildlife Refuge (ANWR), despite such drilling being authorized by President Trump in 2017.
Dow Futures Climb As Markets Await Yellen Senate Testimony, Bank Earnings; Dollar Slides TheStreet 1/19/2021
The Monday Market Minute
Global stocks move higher as investors set expectations for the early days of President Elect Joe Biden s administration.
Treasury Secretary nominee Janet Yellen will urge lawmakers to go big and support Biden s $1.9 trillion stimulus plan, supported by the pledge to keep rates at near-zero from Fed Chair Jerome Powell.
China pledges to continue fiscal support into 2021 after stronger-than-expected fourth quarter GDP from the world s second-largest economy.
Improving earnings prospects, as well as accelerated vaccine rollout plans, are also adding to stock market optimism.
Original:
The Monday Market Minute
Global stocks move higher as investors set expectations for the early days of President Elect Joe Biden s administration.
Treasury Secretary nominee Janet Yellen will urge lawmakers to go big and support Biden s $1.9 trillion stimulus plan, supported by the pledge to keep rates at near-zero from Fed Chair Jerome Powell.
China pledges to continue fiscal support into 2021 after stronger-than-expected fourth quarter GDP from the world s second-largest economy.
Improving earnings prospects, as well as accelerated vaccine rollout plans, are also adding to stock market optimism.
Oil prices extend gains as the dollar softens and China demand builds, with U.S. crude approaching $53 per barrel.
In its final days, the Trump administration is seeking to disrupt the way progressive activists increasingly impose their will on big business: through banks controlling the loan lifelines to the
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You have to be in it to win it, as the old lottery come-on goes. What the buzz these days seems to be more about is striking it rich by trading penny stocks, options, and especially cryptocurrencies, even though the Mega Millions and Powerball lottery combined jackpots are closing in on $1.5 billion.
Bullish sentiment, as depicted by Citi’s Panic/Euphoria gauge, is nearly off the charts. It’s also reflected in the surge in bullish call-option buying, which registered the second-highest volume on record on Thursday, Doug Kass,.
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You have to be in it to win it, as the old lottery come-on goes.