Major soccer (okay football) club's brand new CEO fired because of Spotify deal. https://www.espn.com/soccer/barcelo...ments-among-ceo-ferran-reverters-exit-sources Reverter had been seen as a key member of Laporta's management team since taking up the position in July, as Barca look to restructure their finances and deal with the club's €1.35 billion debt. Sources told ESPN that Reverter had disagreed with Laporta over a number of issues ever since he took the job at Camp Nou. The agreement with Spotify was seen as the last straw, sources said. According to ESPN sources, the LaLiga side have agreed a three-year deal with the streaming music platform worth €280 million ($320m). The deal will see Barca's men's and women's team bearing the Spotify logo on their shirts while the company will be the first brand to sponsor the club's Camp Nou stadium, with an official announcement expected on Tuesday, sources said. In recent days, sources told ESPN that the CEO had been in Miami seeking alternatives to Spotify, including a potential link-up with a company specialising in cryptocurrency. Ah yes crypto, the safe alternative to Spotify. Someone is a billion dollars in debt and doesn't want Spotify's money. This is what Spotify has come to, right now.
Yeah I think I took profits in high $50s, too bad I didn't hold I don't really like holding AA for too long though since it is extremely volatile
A pretty resilient market The market should remain pretty volatile though with the FED being hawkish, the CPI should be interesting to watch whether it will be market moving or not, sometimes we don't get much reaction on the CPI day but then the market begins to react to those inflation numbers a day or two after
Cathie Wood's Ark plans to launch new fund that invests in private innovation companies (yahoo.com) So she is going into private companies now
KraneShares Global Carbon Strategy ETF | KRBN The KraneShares Global Carbon Strategy ETF (KRBN) is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI). Just found this ETF, has easily outperformed SPY and QQQ this year
I never even heard of carbon futures before. So the futures are priced based on the cost of carbon credits?
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just under 4 hours from the cash market open. GLTA on this Wednesday, February the 9th, 2022.
Morning Lineup - 2/9/22 - A Half Correction Wed, Feb 9, 2022 Building upon yesterday's momentum, US equity futures look to trade higher again this morning following strong sessions overnight in Asia and Europe. While there hasn't been much in the way of a concrete catalyst, lower COVID case numbers and hospitalizations coupled with a trend of easing restrictions in the states that had some of the strictest mandates has investors optimistic that the long-delayed return to normal may be on the horizon. Today's economic calendar is light, but there are still a ton of earnings to contend with, and we're now just 24 hours from the biggest economic indicator of the week (and probably the month) with tomorrow's CPI report for January. Yesterday's rally and this morning's strength in the futures markets have been welcomed by the bulls even if there wasn't much in the way of a catalyst for the move. As markets look to stabilize after some recent volatility, below we provide a quick snapshot of where the major indices stand on a YTD basis and relative to their 50-day moving averages (DMA). The Nasdaq 100 (QQQ) has been the hardest hit YTD and heads into today's trading session with a decline of nearly 10%. It is also the only major US index trading more than 5% below its 50-DMA. Along with the Russell 2000 (IWM), QQQ is the only other index ETF trading at 'oversold' levels (>1 standard deviation below its 50-DMA). The technical definition of a market correction is a decline of 10% or more from a peak, and with the S&P 500 currently down just over 5% YTD, 2020 would currently qualify as a 'half-correction'. SPY has barely moved out of oversold territory, but like the Nasdaq 100, it also remains below its 50-DMA. Finally, the Dow is often considered to be one of the least representative of the major indices, and it's living up to that reputation this year. With a decline of just over 2% YTD, the Dow's performance looks nothing like any of the other indices, and it's the only one that is also anywhere close to trading above its 50-DMA. In fact, if current levels in the futures hold, it will be the only index ETF above its 50-DMA today.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading on this Wednesday, February 9th! https://www.reddit.com/r/StockMarket/comments/soe0v8/29_wednesdays_premarket_stock_movers_news/
I got back in to the long positions I wanted yesterday, when /ES closed above its December low. Then overnight we broke through the supply line, so it's certainly looking like bears lost their chance to push the market down one more time on Monday/Tuesday. I've been looking at the December low in charts, and noticed AAPL held that. Can't say that's not a good stock. But there are a lot of other names that are still below that, eg surprisingly MSFT, QQQ more generally, SMH, etc.
I am not too familiar with it too to be honest, I need to look and learn more about it, just got me interested since the ETF has done well, no position
Let's see if the CPI will move the market tomorrow Seeing some positive earnings reactions after the bell, DIS, UBER and TWLO, etc all up nicely
good call. CF Acquisition Corp VI shares are trading lower following reports Joe Rogan has rejected a $100 million podcast deal from the company's merger partner Rumble. Feb 9, 2022 3:12p ET
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just under 4 hours from the cash market open. GLTA on this Thursday, February the 10th, 2022.
Morning Lineup - 2/10/22 - The CPI You've All Been Waiting For Thu, Feb 10, 2022 It's finally here, the CPI report the world has been waiting for. Today's CPI report for January is very likely one of the most-anticipated economic indicators of the year so far and leading up to it, futures were mixed with the Dow higher while the S&P 500 and Nasdaq marginally lower. That's certainly a tentative tone given the strong earnings we have seen from the likes of Disney (DIS), Coca-Cola (KO), Uber (UBER), Mattel (MAT), and Twilio (TWLO), which are all up sharply in reaction to their reports. Treasury yields were likewise little changed heading into the report with the 2-year and 10-year maturities trading pretty much unchanged relative to yesterday's close (1.34% and 1.93%, respectively). CPI came in higher than forecasts with the headline reading surging 0.6% compared to forecasts for an increase of 0.4%. Core CPI also rose by the same amount versus forecasts for an increase of 0.5%. On a y/y basis, headline CPI was up 7.5% which was the highest reading since 1982. Core CPI was up 6.0% which was also stronger than expected and the highest since 1982. The initial market reaction has been - you guessed it - lower with equity futures selling off and treasury yields moving higher as the 10-year approaches 2.0% and the 2-year trades at 1.45%. The other indicator released this morning was Jobless Claims which actually came in slightly lower than expected on an initial basis and slightly higher than expected on a continuing basis. Inflation has easily been the number one concern of investors for the last year now, but in looking at market performance on the day of prior reports since the start of 2021, you wouldn't necessarily think the markets were preoccupied with inflation. Since the start of 2021, there has only been one CPI report that has come in weaker than expected (August report released on 9/14/21). Of the remaining 12 reports, eight have been higher than forecasts, and four have been right in line with estimates. Given all those higher than expected reports, you would think that the average S&P 500 performance on CPI days since the start of 2021 would be negative and Treasury yields would move higher, but that hasn't really been the case. As shown in the table below, the S&P 500's average performance on the day of CPI reports since the start of 2021 has been a gain of 0.25% (median: -0.04%) with gains 61.5% of the time. Moves in the Treasury market have been even more counter-intuitive. On the 13 prior report days since the start of 2021, the yield on the 10-year US Treasury has dropped an average of nearly 2 basis points (median: -0.6 bps) with increases in yield less than a third of the time.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and rest of this week! https://www.reddit.com/r/StockMarket/comments/sp6dxo/210_thursdays_premarket_stock_movers_news/
