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04Mar2021 Market Close: Powell Plunges Markets Into Disorder, DOW Closes Down 346, Nasdaq Down -2.1%, US Dollar Rises 91.61, Bitcoin Slips To 48200


The Nasdaq got clobbered (again) as investors pulled out of Big Tech (SPY -1.2%). Gigafactory demand leads to price explosion in battery-grade lithium.
The Market in Perspective
Here are the headlines moving the markets.
Clean Energy Investing Is Becoming A Bubble
Remember when EV and hydrogen truck maker Nikola listed last year? The stock soared in the first months of trading, only to slump heavily just a few months later after allegations were madeand later confirmedthat the CEO of the company had misled investors about its products. According to some analysts, many companies like Nikola are out there touting EVs, solar, wind, and hydrogen. And many of them will sink, taking their investors down with them. Every green energy proposal we have examined relies on the trifecta of wind, ....

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05Mar2021 Pre-Market Commentary: Huge Payrolls Push Wall Street To Open Higher, DOW Futures Up 100 Points, Nasdaq Down -0.2%, WTI Crude Higher 65.35, US Dollar Rises 91.88, Gold Below 1700


Heading into today s closely watched payrolls report which as we reported earlier was expected to show a sharp improvement in the labor market, it seemed that stocks were faced with a lose-lose dilemma: a strong number would boost inflation fears further, sending yields higher and crashing stocks; a bad number and the recovery narrative would be hammered as virus fears returned, hammering stocks.
So as traders were busy navigating this tricky mind maze, moments ago the BLS reported that as expected, in February the jobs picture improved dramatically, with the US adding a whopping 379K jobs, nearly double the 198K consensus estimate! ....

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03Mar2021 Market Close: Wall Streets Sees 2,000% Growth For Booming EV Market, DOW Closes Down 121 Points After Trading Mostly Flat, Nasdaq Down Sharply At -2.7%, Bitcoin Down At 50,400


World Health Organization warns of global uptick in Covid cases after weeks of decline (SPY -1.3%). Beige Book: growth continues to be modest and rising bond yields weigh on market.
The Market in Perspective
Here are the headlines moving the markets.
Debt Stricken Mexican Oil Major Pemex Scrambles To Boost Production
After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports in 2021 as worldwide demand gradually increases once again. OPEC members heavily reduced oil production and export levels in 2020 amid a precipitous drop in demand. Although Mexico initially supported this initiative to stabilise pricing, the head of state-owned Mexicos Petroleos Mexicanos (Pemex) announced this week that production would pick up to pre-reduction levels this year. Ulises Hernandez, general director of PMI which ....

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