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
Stocks & Bonds Hammered As Hindenburg Omen Strikes zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Intermed Labs at Mon Health invests in technology to improve knee, hip and shoulder surgery
News Highlights: Intermed Labs at Mon Health invests in technology to improve knee, hip and shoulder surgery
MORGANTOWN, W.Va. – Morgantown-based medical technology start-up studio, Intermed Labs at Mon Health, announced the collaboration and funding of RetrieV, a revolutionary new suture delivery system with patented needle technology to provide arthroscopic surgery of the shoulder, knee, and hip.
Dr. Tom McClellan, co-founder of Intermed Labs, said RetrieV’s inventor is based in Salt Lake City, Utah, but now that an investment has been made, all of the work to market it will be done in Morgantown. McClellan called the idea novel and the inventor talented because he said this new technology could revolutionize the industry. As things stand, he said, arthroscopic surgery needles are expensive, don’t work well for more than a few uses, and have design and functionality issues.
Is that a red flashing light on the control panel of “the man behind the curtain”?
Among the many “interesting” (a safe word to use in perilous times) signs and portents swirling around us, here are five financial tidbits “of interest.” What do they mean? The answer is of course nothing. There are many “interesting” things with no discernible meaning. Being “interesting” is enough.
1. Just like in 2000, proponents claim “this time it’s different.” Back then, the claim was that since the Internet would be growing for decades, dot-com stocks could go to the moon and beyond.
The claim the the Internet would continue growing was sound, but the prediction that this growth would drive stock valuations into a never-ending bubble was unsound.