January 11, 2021
Last year, the amount of U.S. currency in circulation soared at a rate unseen since WWII and was the biggest one-year percentage increase since 1945. When all that cash builds up, it tends to look for a place to go, leading to economic boom times. CNBC, January 6, 2021
In November and December of 2020, the S&P 500 rose more than 14%. On the five previous occasions, the index has climbed more than 10% in those two months – 1954, 1962, 1970, 1985, and 1998 – the S&P 500 has gained an average of more than 18% the following year. MarketWatch, January 5, 2021
In 2020, eleven of the top 15 U.S. TV broadcasts were NFL games. Axios AM, January 6, 2021
“If you tell the truth you don’t have to remember anything.” Mark Twain
In 2020 the price of copper was up 26% finishing the year at $7,766 per metric ton. One reason demand’s been insatiable is that the average battery in an electric vehicle contains 83 kilograms of copper compared to 23 kilograms of copper in a typical internal combustion vehicle. Bloomberg Businessweek, January 5, 2021
Last year, California’s population contracted by 69,532, shrinking for the first time as far back as records go. The Wall Street Journal, December 31, 2021
“May you live in interesting times.” Chinese curse
Never miss another Talking Points. Sign up here
