Here’s what you need to know before markets open.
1. Global stocks edge higher at start of blockbuster earnings week amid stimulus optimism. Traders are set to start a big week on a positive note.
2. Ray Dalio’s Bridgewater lost $12.1 billion in 2020 while other big hedge funds had a bumper year. But he’s still the best performing manager of all-time, according to new rankings.
3. Nancy Pelosi has plowed up to $1 million into bullish bets on Tesla stock. The House speaker has a lot riding on Elon Musk’s car company.
4. Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan would make the stock market bubble even worse. Grantham is increasingly wary of a bubble that could pop.
5. Inside GameStop's chaotic week in the stock market, which saw Reddit day-traders revolt against a renowned short-seller. Shares spiked as amateur and institutional investors clashed.
6. Earnings expected. Kimberly-Clark Corporation is due to report, while Dutch firm Philips revealed a good start to 2021 this morning.
7. On the data docket. It's a quieter one but the Dallas Fed releases its manufacturing business index.
8. Bank of America sees more upside for companies linked to the ongoing economic recovery. The firm recommends buying these 13 unheralded stocks for strong gains in 2021.
9. An engineer-turned global macro investor breaks down why bitcoin is so volatile. Lyn Alden also shares 3 reasons why she remains bullish on the digital asset.
10. A portfolio manager who has invested in SPACs since 2007 recounts their drastic evolution. He also shares how to identify attractive ones, including 3 on his radar right now.