MM 15 February 2021

 Quotes

Markets & Macro news

Is the S&P 500 driven by NOPE?

Or by monetary stimulus?

Or by the expectation of recovering earnings?

Or equity flows growing ever bigger?

A rising tide floating all boats?

Or by the bond market fearing inflation making a come back?

You would not want to own long duration bonds in this context, would you?

If so, it is a generational shift taking place

Value has some catch up to do

That said, skeptics see low returns forward

A bubble some say, given massive speculative call option buying and record high SPX/GDP ratio

Weak dollar a key pivot

Bitcoin's closing in on USD 50k

Themes, Sectors & Corporate news

Uranium had a good week, but price optimism only beginning

Watch silver this week

ETFs can't find the physical stuff

Platinum looking good too

Commodities

Oil the last of the Mohicans

Texas' electricity cost soaring during harsh winter

New York rent falling