Mottek On Money

Happy New Year! Stocks close out the tumultuous pandemic year of 2020 at or near record highs with the Dow and SP500 ending all time highs, the Nasdaq closes out the year just below its all time high and sees its a nearly 44 percent gain for the year, its best annual gain since 2009. Gold and silver posted double digit gains for the year as the dollar sank to a 2 1/2 year low against other major currencies. Bitcoin hit a record high above $29,000. Oil wrapped up the year at $48.52/barrel rebounding from the 2020 low of negative $40 during the economic shutdown. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, John Kilduff, Founding Partner, Again Capital, CNBC contributor, Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.