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25May2021 Pre-Market Commentary: Futures, Tech Stocks Jump After Fed Officials Talk Down Inflation Risks, DOW Futures Up 75 Points, Nasdaq Up 0.5%, US Dollar Slides 89.64, Bitcoin Lower 36800


Authored by Stephen L. Miller via Spectator.us (emphasis ours),
The theory that COVID-19 originated in a Chinese laboratory has completed its year-long trudge from fringe nutjob idea to mainstream and expert-approved opinion.
Right all along? Sen. Tom Cotton was denounced as a conspiracy theorist last year for suggesting that SARS-CoV-2 might have emerged from the Wuhan Institute of Virology (Getty)
Leading scientists and epidemiologists such as none other than Dr Anthony Fauci were so quick to dismiss the lab talk . It was first portrayed as a hare-brained wild and tacitly racist conspiracy theory driven by paranoid Republican senators and fever-dream right-wing media. Now it is seen as not only an acceptable theory worth more study, but one that has broken throug . ....

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24May2021 Midday Update: Wall Street Higher, Waning After Reaching Morning Highs, DOW Up 185 Points At 1 ET, Nasdaq Up 1.4%, WTI Crude Higher 65.50, Bitcoin Higher 37200, Dogecoin Lower 0.32


Crypto currencies punch back, rise over 10% after Sunday sell-off (SPY +1.0%). Biggest midday movers: Beyond Meat, Virgin Galactic, AMC.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Oil Rises On Demand Optimism
Oil prices rose by 2 percent early on Monday, buoyed by market expectations that fuel demand globally is rising with the re-opening of major economies in Europe and higher travel numbers in the United States. As of 10:01 a.m. EDT on Monday, WTI Crude was up 2.14 percent at $64.95 and Brent Crude had risen by 2.02 percent at $67.79. Earlier in Asia trade today, oil prices were rising by more than 2.5 percent, after Iran said over the weekend that its three-month agreement with the Inter ....

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25May2021 Market Close: Consumer Confidence Fell Short Of Expectation And May Have Put A Damper On Market Gains


All major exchanges lost some ground today with the Dow down 0.24%, NASDAQ down 0.17, and SandP down 0.28. Gold closed over 1900. Bitcoin up at $37,515. WTI closed marginally down at $65.82
The Market in Perspective
Here are the headlines moving the markets.
Iran Has 69 Million Barrels Of Oil Ready For When U.S. Sanctions End
Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates from E.A. Gibson Shipbrokers cited by Bloomberg showed on Tuesday. Citigroup also has a similar estimate on Irans floating storage. In a note on Monday, the bank said Iran could have around 65 million barrels of oil stored at sea, plus another 54 million barrels in storage onshore. The United States and Iran have been holding indirect talks in Vienna since last ....

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