from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
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Chirlane McCray, the wife of New York City Mayor Bill de Blasio is encouraging citizens to “show up” and “physically intervene” if they witness incidents of violence and harassment against fellow New Yorkers.
The Democrats who now control Washington, D.C. are determined to change America’s election laws to ensure that they never lose another election. The first salvo in this battle was the House’s vote passing H.R. 1, which opens federal elections to all types of fraud and manipulation. On Sunday, Joe Biden added his bit to the effort by signing yet another executive order, this one ostensibly to enhance “voting rights” on the anniversary of the Selma protests in 1965. However, the order is drafted to allow the federal government to control political speech.
Congress is inching closer to passing a $1.9 trillion COVID bill. If it becomes law, it will shower billions of dollars on local and state governments whose revenues have been minimally affected by the pandemic.
In the wake of February’s tragic power outages in Texas, during which 4.5 million households suffered service interruptions, partisans on both sides have been quick to interpret the events as confirmation of their preferred energy policies. With news images of helicopters deicing frozen turbines, conservatives lambasted Texas’s increasing reliance on wind power as the villain in the story.
It was another unsettled week for notably synchronized global markets. The week began with a decent bout of hope. The S&P500 rallied 2.8% in Monday trading, “its strongest one-day gain since June.” Having begun in Asia, the market rally gained momentum in European trading, which set the stage for a gap higher opening for U.S. equities.
Strengths
NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the precious metals futures market by placing trades and then cancelling them before execution, or “spoofing”.
A local Michigan prosecutor has indicated that criminal charges could be forthcoming against Michigan Democrat Governor Gretchen Whitmer over her handling of the coronavirus pandemic as it relates to people who died in nursing homes.
In 2020, by source, coal collapsed to record low, natural gas dominated, wind and solar surged, while hydro and nuclear remained roughly flat.
Wyoming Gov. Mark Gordon (R-WY) announced in a press release he will remove the statewide mask requirement March 16 to authorize bars, restaurants, theaters, and gyms to resume normal operations.
White House press secretary Jen Psaki got into a dust-up with a reporter Monday over the press’ lack of access into child migrant detention facilities.
Great and Wonderful Monday Morning Folks,