15 minutes ago • Posted by William Ramstein

European cyclicals on an upramp--could benefit from further inflationary pressure

The Stoxx Europe 600 Index traded modestly lower, with Ryanair Holdings Plc among the gainers after the airline pointed to a strong recovery in the second half.

#Stocks

1 hour ago • Posted by William Ramstein

US e-commerce growth won't outshine covid levels but total sales will exceed pre-covid era

According to Insider Intelligence, US retail e-commerce sales grew 33% in 2020, reaching $799.18B. In store shopping will rebound as covid subsides and a share of consumer spending will rever back from retail and toward services like travel and live entertainment. Sales growth should increase this year--building on top of a massive upward revision for 2020--which would cause total ecommerce sales for 2021 to be $147B greater than before the pandemic.

1 hour ago • Posted by Jasper Lawler

Elon Musk implies Tesla could dump Bitcoin holdings in Twitter spat, BTC under $45k

Bitcoin nursed losses from a bruising weekend during which Elon Musk again whipsawed the token, in part by seeming to imply that Tesla Inc. may sell or has sold its holdings.

2 hours ago • Posted by William Ramstein

Cyclical sectors are outperforming this month

Cyclical sectors like materials, industrials and consumer discretionary are performing well this month (energy too), all up more than 7% compare to a slower overall S&P 500 that saw growth smaller than 2%. Commodity prices have risen which has benefited materials in their outperformance. Materials is the second best performer after tech and could threaten to usurp first position.

#Stocks #Commodities

2 hours ago • Posted by Jasper Lawler

Taiwan, Singapore indices underperform in May with spike in covid cases

The spread of the virus is front and center again in Asia as vaccinations lag the largest developed nations. Singapore will stop most school classes this week and Taiwan is racing to contain its worst outbreak. In contrast, the rolling one-week average of new U.S. cases fell to the lowest since June.

Taiwan, Singapore indices underperform in May with spike in covid cases
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