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Cyclical/value stocks torpedoed but medium-term uptrend remains intact

Yen, Dollar May Extend Rise as Stocks Fall After China Drains Liquidity

Yen, Dollar May Extend Rise as Stocks Fall After China Drains Liquidity 2021-01-26 07:30:00 Ilya Spivak, Head Strategist, APAC US DOLLAR, STOCKS, PBOC, YEN, BIDEN, FED, IMF – TALKING POINTS: US Dollar and Yen up, stocks down as China pulls US$12bil from banking system Potential delay, downscaling of the Biden stimulus plan might have hurt as well IMF world economic outlook update, US consumer confidence data now in focus A risk-off tone prevailed in Asia-Pacific trading hours. The defensively-minded US Dollar and Japanese Yen rose while their sentiment-geared Australian and New Zealand Dollars fell alongside stocks and cyclical commodities including copper and crude oil.

Late night hosts explain why Senate Republicans should convict Trump, mock Rudy Giuliani s legal mess

Late night hosts explain why Senate Republicans should convict Trump, mock Rudy Giuliani s legal mess January 26, 2021 It is so exciting that we can finally stop spending all our time talking about Donald Trump s presidency, Trevor Noah said on Monday s Daily Show. Yes, instead we get to talk about cleaning up the mess from Donald Trump s presidency, starting with his looming second impeachment trial. He made fun of Senate Majority Leader Chuck Schumer s (D-N.Y.) erection gaffe — I knew the Democrats were horny for Trump s impeachment, but that was ridiculous — and mocked Senate Republicans for trying to avoid voting in Trump s trial by glomming on to a possible technicality.

Apollo CEO Leon Black to step down after $158 million payments to Jeffrey Epstein disclosed

Apollo CEO Leon Black to step down after $158 million payments to Jeffrey Epstein disclosed Leon Black, the chairman and chief executive of private equity giant Apollo Global Management, told investors Monday he will step down as CEO on or before my 70th birthday in July, after an independent review revealed that he paid disgraced financier Jeffrey Epstein $158 million over a five-year period ending in 2017. The amount Black paid Epstein, who killed himself in jail in 2019 while awaiting trial on child sex-trafficking charges, was larger than expected. Black will stay on as chairman. Apollo s board had ordered the inquiry at Black s request in October, after

26 January 2021 – In Saner Thought

It was an idea that has made the rounds in the past…… Texas recently has taken the lead……I wrote about the idea in the state….https://lobotero.com/2021/01/06/secession-again/ A silly idea but it is not limited to Texas…… Washington Examinerreported that the chairman of the Wyoming Republican Party floated the idea of secession to form a neo-confederacy consisting of Republican-voting states. “Wyoming GOP Chairman Frank Eathorne suggested the idea to War Room Pandemic podcast host and former White House chief strategist Steve Bannon in a weekend interview focused on the decision by Wyoming Rep. Liz Cheney, the third-ranked Republican in the House, to vote in favor of impeaching Trump on a charge of incitement of insurrection related to the deadly riot that took place at the U.S. Capitol on Jan. 6,” reported Mike Brest.

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