1. Bank of Japan Increasing Equity Buying During Pandemic…….Now Long $400B of Japanese Stocks.

WHALE BUYER– The Bank of Japan has taken over as the biggest owner of the nation’s stocks, with the total value of its holdings climbing well above $400 billion – Massive exchange-traded fund purchases by the BOJ to support the market amid the pandemic this year combined with subsequent valuation gains pushed its Japanese equity portfolio to 45.1 trillion yen ($434 billion) in November.

1. IPO ETF is +100% 2020.

December is set to be the busiest year-end on record for initial public offerings in the U.S., with DoorDash Inc. and Airbnb Inc. ready to start trading this week in long-awaited listings – The two startups, which are aiming to raise a combined $6.2 billion at the top-end of their price ranges, will propel the month’s IPO volume to all-time high, surpassing the $8.3 billion mark set in December of both 2001 and 2003.  DoorDash upped the price range for its stock in a Friday filing, while Airbnb plans to boost the proposed price range of its initial public offering to between $56 and $60 a share. The IPO ETF is a double in 2020!

1. 10 Year Treasury Yield Closing in on 1%

10 Year Treasury Yield

1. Shopping Is Not The Only Thing Going Online…..Gambling ???

Macau Gross Revenue-Bloomberg

Travel agents say that interest in visiting Macau has been weak because of inconvenient new requirements for those crossing the border between it and mainland China, such as a negative virus test. Any resurgence of coronavirus infections could also lead to abrupt new border controls imposed by China, and holiday makers don’t want to run the risk of being stranded in Macau. Meanwhile, vacation destinations on the Chinese mainland, such as the southern province of Hainan, are proving an alternate draw with such perks as duty-free shopping. Only five of 23 Macau hotels surveyed by Morgan Stanley were fully booked for the Golden Week holiday as of mid-September, down from 19 a year earlier.