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Good morning. The reflation trade is alive and well, with stimulus talks in the U.S. boosting global equities. That, and a flurry of M&A activity have put investors in a risk-on mood. Elsewhere, crude and Bitcoin continue to soar, and GameStop is up 10% in pre-market trading.
I would be remiss if I didn’t get in a little sports mention up high this morning. Your correspondent tuned into the world’s biggest sporting event yesterday. Yes, I’m referring to the Alpine World Ski Championships in (sigh) Cortina, Italy. If you have 50 seconds to spare, check out the men’s Super G run on the notorious Vertigine—that’s “vertigo,” in English. Let’s hope I don’t need to fish for downhill metaphors to describe the markets this week.
In other sports news, some dude in his 40s won the Super Bowl last night.
In honor of Tom Brady, let’s see if we can find a G.O.A.T. or two—greatest of all…
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