In this week’s recap, the U.S. stocks ended slightly higher Tuesday, as tech shares push the S&P & Nasdaq to new record highs with the start of earnings season & the signing of a partial China trade deal. However, U.S. stocks were lower Friday, as optimism over a $1.9T stimulus plan by President-elect Biden faded with investors looking at quarterly reports from major U.S. banks & initial jobless claims spiked to their highest level since August last week.
Bitcoin +10.6% to $38,593.00 in Thursday U.S. pre-market to $39,584.70, Thursday mid-morning on 01/14/2021, as the price remains just below $40K, with the options market pricing in a double-digit probability of +$50K by the end of the month.
Tesla climbed another +4.72% on Tuesday, to nearly $850.00 a share up over +20% year to date, with a market cap of $805B with investors optimistic over the company’s aggressive buildout of new factories & production lines thus leading to potential, for an increase of vehicle deliveries of +50% in 2021.
The World Bank cut its 2021 global growth forecast; Latin American currencies rose for the first time in 2021; Carnival reports billions in losses in Q4; Walmart and Ribbit Capital announce the creation of a new financial tech startup; Ford to close 3 of its production plants in Brazil; WhatsApp delays updating its privacy policy after mass confusion over what data it shares with its parent company, Facebook.
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