Home 2022 DJIA Marks Record Close, Bitcoin Seen at $100-K, President Trump Gears Up...

DJIA Marks Record Close, Bitcoin Seen at $100-K, President Trump Gears Up for Midterm Endorsements

#stocks #banks #Fed #FOMC #ADP #jobs #WHO #DeFi #knights #DAO #Trump #MAGA


“Tuesday, the DJIA marked a record closing as financial and industrial shares rallied, while techs fell”–Paul Ebeling

The S&P 500 was flat, with declines in shares of big growth names weighed on the index and the NAS Comp, while the S&P 500 bank index was also up sharply.

Energy, financials and industrials were among sectors leading gainers in the S&P 500. Helping sentiment, the WHO cited increasing evidence that the Omicron variant caused milder symptoms than previous variants. 

I believe that financials and other value-oriented stocks now lead markets’ next Bull leg North as investors prepare for interest rate hikes from the Fed by mid-year to curb high inflation.

DJIA +214.59 at 36799.65, NAS Comp -210.08 to 15622.71, S&P 500 -3.02 to 4793.54

Both the S&P 500 and DJIA set intraday record highs, while the DJIA set a closing record high. 

  • DIA +1.3% YTD
  • Russell 2000 +1.1% YTD
  • S&P 500 +0.6% YTD
  • NAS Comp -0.1% YTD

Key Commodities

WTI Crude Oil futures settled higher by 1.3%, or $1.00 at $77.00/bbl, Gold futures settled $14.50 higher (+0.8%) to at $1,814.60/oz, and the US Dollar Index is at $96.29.


Reliance Global (RELI) shares traded up almost 23% at $9.32, in a 52-wk range of $1.83 to $9.95. The average daily trading volume is around 3.7-M/shares, and more than 52-M/shares changed hands on the day.


The Knightsbridge DAO is the 1st-of-its-kind, a DAO with a Broker, Exchange, Chain, Consultancy, Service Provider, NFT Hub and an extensive and growing portfolio of Tech, DeFi and real world assets. The Knightsbridge DAO (Decentralized Autonomous Organization) as an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central government. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles. Taking the very best technology from a cross-section of industries to deliver the next step change in decentralization for financial services.

The link for Knights DAO is: https://knights.app/the-knightsbridge-dao/ Refer a friend and earn while you sleep

Our Twitter and Telegram are active and it would be super if you follow, join and share https://twitter.com/knightsdaoxhttps://t.me/knightsDAO

Despite Bitcoin’s ups and downs, the #1 cryptocurrency could reach $100,000 according to analysts at Goldman Sachs Group, it is steadily pushing out gold’s place in the store of value market. After nearly topping $70,000 in November, bitcoin has been declining steadily and fell by nearly 30% in the last month. Goldman Sachs, puts bitcoin’s float-adjusted market capitalization at just below $700-B or 20% of store of value market.

Goldie raised the possibility of, in the next 5yrs, bitcoin making up as much as 50% of the entire store of value market. This would put its value at around $100,000 and an annualized return of between 17% and 18%.

The US Economy

  • The December ISM Manufacturing Index checked in at 58.7% Vs 61.1% in November. A number above 50.0% is indicative of expansion. December marked the 19th month running of expansion for the manufacturing sector.
    • The Key takeaway from the report is the recognition that price pressures softened some, presumably due to improved supply chain conditions and global staffing challenges.
  • Job openings decreased to 10.562-M in November from a revised 11.091-M in October.

Looking Ahead: Investors will receive the ADP Employment Change report for December, the FOMC Minutes from the December meeting, the preliminary IHS Markit Services PMI for December, and the weekly MBA Mortgage Applications Index Wednesday.


President Trump (45) to host a Y 2022 midterm election fundraiser on 23 February at his Mar-a-Lago resort in Florida

The event, hosted by the super PAC Make America Great Again, Again, will boost support and money for candidates he has endorsed in the current cycle, featuring a ‘select group who will be attending.

Tickets to the dinner portion of the fundraiser start at $3,000/person or $5,000/ couple. Those who donate $125,000 will be able to attend all of the day’s events, including a photo and a private dinner with President Trump.

Have a prosperous day, Keep the Faith!

Previous articleThe Digital Asset Sector is No Longer a New-Age Wild West Arena
Next articleMany Countries are in the Final Stages of Rolling out CBDCs This Year
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.