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Has Iran Massively Underestimated Joe Biden?


Iran has been waiting since former U.S. President, Donald Trump, unilaterally pulled his country out of the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and then re-imposed sanctions on Iran, for him to leave office and then to try its hand against a perceived weaker Democrat opponent. In fact, according to John Bolton, the former U.S. National Security Advisor under Trump, it was former Secretary of State, John Kerry, who - in 2018, after the U.S. announced is withdrawal from the JCPOA - advised Iran to stay in the nuclear deal and just wait it out until Trump was no longer president. Iran did precisely what Kerry advised and it is little wonder that Tehran is now engaged on dramatically upping the pressure on the new Democrat President, Joe Biden, with the intention of forcing the U.S. back into a broadly unchanged JCPOA deal and rescinding all sanctions against Iran. However, Tehran may well have miscalculated how Biden will react to this pressure. ....

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12Jan2021 Midday Update: Wall Street Edges Lower In Choppy Trade As Stocks Threaten Back-to-back Losses, DOW Down 75 Points, WTI Higher At 52.93, Families Struggling To Pay For Funerals


Shake Shack stock jumps 6% after burger chain says sales grew in latest quarter (SPY -0.5%). Biggest midday movers: Tesla, General Motors, Wells Fargo and semiconductor shortage hits automakers.
Here is the current market situation from CNN Money
North and South American markets are mixed. The Bovespa is higher by 0.64%, while the S&P 500 is leading the IPC lower. They are down 0.42% and 0.14% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
OPEC+ Compliance With Production Cuts Slips To 75%
OPEC+ groups compliance with the oil production cuts fell to 75 percent in December 2020one of the lowest levels since the pact was enacted in May 2020, tanker tracking firm Petro-Logistics said on Tuesday. According to the companys estimates, even the leader of OPEC and the worlds top oil exporter, Saudi Arabia, saw its compliance decline by 10 percentage points to 92 percent last month. The ten OPEC members part of the OPEC+ pact ....

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