Take a deep breath...the drama can't last forever.

Hey everybody, Good afternoon! We hope your Wednesday is going well. Despite reports from strategists predicting the S&P was due for a sell-off with Democratic wins in Georgia, the market seems to be responding well to the possibility of more aid to consumers with a Democratic-majority Senate. The S&P wasn’t the only index reacting positively (up over 1% intraday); the Dow climbed past 31,000 for the first time ever, and the Nasdaq also rose today after a shaky start. When it comes to those early morning market shakes, we know someone who’s made a career out of them. Tom Busby is a long-time veteran of trading the market, and after the 1987 Black Monday crash, Tom bounced back better than ever. Tom’s teaching a class tonight about his “Horse Race” trade strategy that utilizes the start of the trading day. [Click here to save your seat!]( Clicking the link above will register you automatically for Tom’s briefing and periodic updates from DTI ([privacy policy]( Tesla Can’t Lose The electric-vehicle market is expanding, and its frontman Tesla, just can’t lose. Analysts are lifting their target price on Tesla shares from $540 to $810, a 10% climb over the next 12 months. (Tesla surged 740% in 2020 alone.) Morgan Stanley forecasts more than 5.2 million vehicles will be delivered by 2030. Tesla is planning on developing two new factories to sustain sales momentum. For more on Tesla, [check out this article on our website.]( Clicking the link above will register you automatically for Tom’s briefing and periodic updates from DTI ([privacy policy]( Like, Share, Sell - Poshmark’s IPO 2020 was a record year for IPOs. We saw over 400 IPOS, including Airbnb, DoorDash, and Snowflake. 2021 is setting up to be another year for hot IPOs. The latest company to make moves for a public offering: Poshmark The Redwood City, CA-based online fashion platform set terms for it’s IPO with plans to offer 6.6 million shares, priced at $35 to $39 each.  Poshmark’s filing comes at a time when e-commerce is hot-hot-hot. And the company’s unique social-media-like format encourages users to “like” and “share” items for sale to foster engagement.  Poshmark currently has over 31 million active users. [Read more about upcoming IPOs here.]( The Banks Have Taken Precautions During the Corona crisis, almost all banks have had to set aside significant provisions for impaired loans. Some have consequently even gone into the red. However, the precautions taken in the first half of 2020 were so extensive that the value adjustments in the 3rd quarter of the year just gone were in many cases below expectations. For the banks, there is light at the end of the tunnel. However, in the event of a severe pandemic in the winter months with serious economic disruptions further defaults on loans are to be expected. The Disappearance of a Traditional Name The Royal Bank of Scotland no longer exists. The institute has been renamed NatWest. Thus after 293 years the royal name has disappeared. The bank is making a fresh start and wants to shake off past burdens. Whether they will succeed in doing so, however, is questionable. In addition to the Corona crisis the next burden is already waiting for the British bank in the shape of the as yet unresolved issue of Brexit. Foreign banks have already reacted. JPMorgan has, for example, transferred assets valuing USD 200 billion from London to Frankfurt, making it the sixth largest German bank. Citigroup is also withdrawing USD 46 billion from the UK financial metropolis and has recommended that its employees apply for positions at its other European locations. Almost Zero Dividends Are Being Paid Out in the EU Given the uncertain situation, most banks have suspended dividends. A new banking crisis in Europe is to be prevented at all costs. Consequently, regulators have largely banned dividends in order to prevent capital outflows. A new bailout policy at the taxpayers' expense would not be politically justifiable following lavish dividend payments to shareholders. On the other side of the Atlantic the situation looks quite different. Citigroup and JPMorgan have even increased their dividends. American Express is also sticking to its dividends. In Switzerland money is also being diligently distributed to shareholders. Credit Suisse even held an extraordinary general meeting in November in order to be able to pay out the second half of the dividends. When Will Consolidation Come? In view of advancing digitalization, the banking market is going to face radical change. Market consolidation with pan-European mergers is imminent. With this in mind, Commerzbank and Deutsche Bank must be careful not to end up as junior partners. UBS could play an active role in market consolidation. The bank has coped well with the crisis and is financed solidly enough to push through even major takeovers. Wishing you fruitful investments. Yours, Dr. Gregor Bauer Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.   Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States [Update your subscription]( — [Unsubscribe](