MM 8 December 2020

 Quotes

Markets & Macro news

Inflation will ensue and yields are going up accordingly

With so much money supply, stocks go up

But it is not “smart money” that is fuelling the rally

Commodities looking like a far better bet now

Even if with lockdowns, European growth is rolling over

The US consumer is also spending more according to Mastercard, even if consumer confidence looks fragile

China is exporting more and therefore importing more

Themes, Sectors & Corporate news

5G report by Ericsson is out

A report from Ericsson finds about 1B people will be in 5G coverage areas by the end of the year, per CNET -- that's faster than expected. Big picture, following MS AlphaWise survey the other week that pointed to 5G as the primary driver of iPhone upgrades this year, Ericsson published a bullish 5G report estimating that by year end over 1 billion people will be in 5G coverage areas and 218M people will have 5G subscriptions worldwide, up from prior expectations of 190M. Ericsson also estimates that by 2026 ~60% of the global population, or 3.5 billion people, will have a 5G subscription, making the 5G rollout the fastest ever and faster than both 3G and 4G. "Instead of slowing down 5G, the pandemic in some ways made it easier for carriers to expand their networks faster. In China, the government made 5G's rollout a priority, and Apple's entry into the 5G market with its iPhone 12 lineup is expected to boost the number of 5G phone users.

Uranium making a move 

As shortages being reported, just as the US passed infrastructure bill that creates first “US strategic reserve”. The supply and demand gap could be 60m pounds, just as the UK is building 60 small reactors (150k pounds/ year consumption per reactor)