Wednesday s Woe, Biden s Plan, U.S. Dollar, J&J Vaccine, Trading Intel We are going to live again. You will dance in the aisle at some concert whose performer I have never heard of, and you will cheer for your favorite team in person again.
Jan 14, 2021 | 07:22 AM EST
Perhaps readers already know just who or what Woden is. Never heard of him? The middle day of our work week was named for him.
Woden is/was a pagan god, the Anglo-Saxon equivalent of the Roman Mercury. Mercury was a sky god, a god of wisdom, a god of commerce, a god of science. How fitting. How fitting is it, too, that Mercury was also known as the messenger of the Roman gods. Indeed.
Larry Fink is positive about the outlook for markets, but that doesn’t mean the going will be smooth: He also expects a 5% to 10% correction in the course of the year.
https://www.wsj.com/articles/barbara-novick-blackrocks-most-powerful-woman-is-finally-retiring-11610546400 WSJ News Exclusive Barbara Novick, BlackRockâs Most Powerful Woman, Is Finally Retiring Co-founder who led money managerâs lobbying efforts plans to transition from vice chairman to senior adviser role on Feb. 1 Vice Chairman Barbara Novick played a key role in getting BlackRock heard by regulators last year. By Jan. 13, 2021 9:00 am ET
One of BlackRock Inc.âs most well-known co-founders, Barbara Novick, is taking a stab at retirement for the second time.
Ms. Novick led the firmâs public-policy efforts, building a lobbying machine that allowed BlackRock to avoid the same regulations as banks and fueling its rise into the worldâs largest money manager with $7.8 trillion under management. She tried to leave last year but stayed on as the coronavirus pandemic unnerved markets. She says this time it
Nasdaq Composite gained 0.3%. The small-cap
Under the surface, the S&P 500 energy sector closed up 3.6%, financials gained 1.1%, and consumer discretionary stocks added 1.5%. Defensive utilities and health care fell 0.6% and 1.1%, respectively, while technology stocks lost 0.5%. That dynamic has more or less prevailed since the fall.
Fourth-quarter earnings season begins later this week, with several large banks kicking things off as usual. Wall Street expects S&P 500 earnings to be 12% lower in the final three months of 2020 versus the same period in 2019, according to data from Bloomberg. Sales are expected to decline 6%.
The scrutiny will be much higher for defensive and relatively pandemic-proof sectors like consumer staples or technology. Those companies’ fundamentals have held up or improved during the pandemic, and investors will want to see that continuing in the fourth quarter. For the cyclical and economically sensitive companies that have led the market since
Trumpâs Ban on Chinese Stocks Roils Investors
Executive order was meant to hit Chinaâs military, but has frustrated some U.S. investors
The order bans Americans from trading the securities of dozens of Chinese companies such as China Mobile.
Photo: Mark Schiefelbein/Associated Press
By Jan. 10, 2021 5:30 am ET
U.S. investors have borne the brunt of an executive order signed by President Trump that was meant to hit the Chinese military by curtailing access to American dollars.
The order, which takes effect Monday, bans Americans from trading the securities of dozens of Chinese companies. People who invested in those stocks are upset after a confusing series of events over the past two weeks. During that time, U.S. officials, the New York Stock Exchange and brokerage firms sent mixed signals over which stocks would be prohibited and.