What You Need To Know

Market Update

US futures are up and ready to roll after taking a breather yesterday. The House plans to move forward with impeachment. The FBI warns of armed protests at state capitols on Biden’s inauguration.

International Markets

European markets are down as investors worry about the coronavirus and US politics. Asian markets were mixed, mainland Chinese markets are up over 2% today.

Commodities

Gold and silver are up as investors return to inflation risks. Oil hit an 11-month high as the Saudi cut is helping insure the oil market is undersupplied in order to raise prices.

Crypto

Bitcoin seems to have stabilized after dropping over 25% in a two a day period. Bitcoin is currently trading around $35,282.

Interesting News

Walmart is creating a fin-tech startup with Ribbit Capital and introduce financial products to its customers. Mark Cuban compared the Bitcoin to the dot-com bubble. Office Depot jumped 20% after Staples offered to buy them for $2.1 billion.

Biggest After Market Movers

Zoom (ZM) shares are down 3.6% as the company announced they would seek to raise $1.5 billion in a secondary stock offering. Lemonade (LMND) is down 7% after they announced a 3 million share secondary stock offering.

Chart of the Day

Amazon breakdown (Charts by TradingView)

Charts by TradingView