THE JOHN LOTHIAN NEWS DAILY UPDATE – 11/20/2020

John Lothian

John Lothian

Executive Chairman and CEO

 

The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.

 

Hits & Takes

JLN Staff

John Lothian News and John Lothian Productions have produced a short video to encourage people to wear masks, wash their hands, stay 6 feet apart and to stop COVID-19 so we can all get together again soon.

The U.S. Center for Disease Control is pleading with people to stay home for Thanksgiving.

Julie Armstrong is the latest donor to the JLN MarketsWiki Education GoFundMe campaign. Julie is the chief commercial officer at Cosaic. One of her former roles was as executive director, global head of market technology services at the [[CME Group]]. She is a spectacular presenter and fintech spokesperson.

JLN interviewed Andy Busch about the results of the recent election. We are publishing that video now, but here it is on Vimeo.

JPX has launched the JPX ESG Knowledge Hub, a platform where listed companies can access a variety of ESG investment and sustainable finance-related information in one place, building on the Practical Handbook for ESG Disclosure which JPX and TSE published in March 2020.

Reminder: the LaSalle Street Trading Tech Awards fundraising event to support the Scouts in the Pathway to Adventure Council of the Boy Scouts of America is on December 3.

US mortgage rates have fallen to record levels for the 13th straight year, Bloomberg reported.

Bloomberg is reporting that “America’s Biggest Oil Storage Hub Is Filling to the Brim Again.” Get ready for negative oil prices again, potentially.

My hair coloring tonic does not run down my face because I don’t use hair coloring, unlike former New York Mayor Rudy Giuliani.

Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL

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Nasdaq Chief Economist Phil Mackintosh’s latest article is called “Post-Election Market Trends 2020” and covers the Biden trade, the vaccine trade, and what’s going on with volatility. You can read it here.~SR

The Operating Committees of the Securities Information Processors (“SIPs”) today announced the addition of a new member to the Advisory Committee: Steve Miele, Chief Strategy Officer of LeveL ATS.~SR

Mark Yusko, founder and CEO of Morgan Creek Capital Management, said on CNBC’s “Fast Money” that he believes the bitcoin surge is due to the Fed devaluing the dollar. I’m a little skeptical of anyone who tries to pin a singular cause for any kind of activity in the bitcoin markets – whatever goes down, it’s usually due to a combination of factors rather than a single big one.~MR

Not a ton of options news this week – I guess now that the election is over and the VIX is back in the 20s, the markets are back to wait-and-see mode.~MR

The OCC cleared 28.3 percent more contracts than their YTD daily average Wednesday.~MR

 

First Read

Artificial intelligence is reshaping finance; Barclays tie-up with Amazon in Germany shows how the technology is upending the sector
Gillian Tett – FT
Last week Barclays’ credit card business struck a deal with Amazon to offer seamless customised shopping and payment services in Germany. The announcement drew little attention amid the US election, pandemic pain — and the cancellation of Ant Financial’s putative $37bn initial public offering. But investors and regulators should pay attention. That is not because of what the deal shows about German shopping habits, Amazon’s voracious expansion or Barclays strategy, per se.
/on.ft.com/2UQHeOh

*****We need any kind of intelligence we can get these days.~JJL

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PanXchange Powers Through Pandemic with Award-Winning CEO Julie Lerner; Let’s Talk Hemp
PanXchange
Before Denver’s population boom several years ago, Julie Lerner, CEO and Founder of PanXchange, the leading benchmark price provider in the US Hemp Industry and other physical commodities, already had her eyes set on living near the majestic peaks of the Rocky Mountains.
/bit.ly/3fpndYU

*****Julie Lerner is rad!!~JJL

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Japan Faces Worst Wild Bear Attacks in Five Years During Virus; A mix of factors, from coronavirus lockdowns to a bad year for acorns, drive bears to seek food where humans live
Erica Yokoyama – Bloomberg
On the morning of October 23, a 56-year-old employee at West Japan Railway Co. was inspecting trains when he encountered an Asian black bear just outside the Tsuruga station in Japan’s northwestern Fukui prefecture. He escaped with just a scratch, but about 10 minutes later, the same bear fractured the leg of another worker at a nearby construction site.
/bloom.bg/2ULp54E

*****In Chicago we don’t know anything about dangerous bears.~JJL

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Thursday’s Top Three
Our top story Thursday was Newsweek’s Trump Can Still Win In Armageddon Scenario for Markets, JP Morgan Warns. Second was Business Insider’s Bill Gates says in-person meetings aren’t the ‘gold standard’ anymore and that 50% of business travel will go away even after pandemic. Third was the bio page of McLean County Clerk Kathy Michael, who John wrote about in Thursday’s Hits & Takes.

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Coin of the Week: Bitcoin (BTC)
Bitcoin surpassed a market price of $18,000 for the first time since 2017. The reason for this is unclear; some argue that growing public and institutional interest in bitcoin has created a bull market, while others attribute it to bitcoin whales.

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