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Market News

Location American Market News for 27 December 2020

Investors Double Down on Stocks, Pushing Margin Debt to Record

Wall Street Journal - 27 Dec 2020 16:00
Some investors, tempted to chase bigger gains, are borrowing against their investment portfolios, pushing margin balances to the first record in more than two years.
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Coffee Prices May Be Headed Higher In 2021, Perhaps Much Higher The recent rally in coffee prices might be the early warning sign of an approaching rally of historic proportions.
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2020 Was One of the Worst-Ever Years for Oil Write-Downs

Wall Street Journal - 27 Dec 2020 16:00
Oil-and-gas companies in North America and Europe wrote down roughly $145 billion combined in the first three quarters of 2020, the most for that nine-month period since at least 2010.
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China Tells Ant to Refocus on Payments Business

Wall Street Journal - 27 Dec 2020 15:31
Financial regulators order Jack Ma's Ant Group to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas such as personal lending, insurance and wealth management.
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December Quarter's GDP Growth Forecasts Are All Over The Map The December quarter's GDP growth estimates range from 1% to over 10%.
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15 Concerning Charts About The Job Market

Forbes - 27 Dec 2020 22:14
15 Concerning Charts About The Job Market The unemployment picture is not pretty when you dig into the details.
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Will These Three Stocks Lead The Market In 2021? As 2020 draws to a close the fact that just three stocks had an outsized contribution to the S&P 500 performance is a concern to some veteran analysts. The Viper Report's Tom Aspray takes a technical look at IWM, SPY, an...
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Stocks This Week: Buy The DJIA, Gold, And Oil The stock market is likely to rise through the first week in January.
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Covid Upended Americans' Finances in Unexpected Ways

Wall Street Journal - 27 Dec 2020 17:00
With the benefit of hindsight, it is becoming clear just how much the 2007-2009 recession shaped the coronavirus recovery.
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