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10 things you need to know before the opening bell

Jan 8, 2021, 17:47 IST
Business Insider
US President Donald Trump arrives to speak in the Brady Briefing Room at the White House in Washington, DC on November 5, 2020. - Democrat Joe Biden is leading President Donald Trump in the race for the 270 electoral votes that will put one of them over the top, with the Democrat's campaign asserting they believe he has enough votes to win in key battleground states that remain undecided, like Pennsylvania.Photo by BRENDAN SMIALOWSKI/AFP via Getty Images

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1. Bitcoin has hit yet another all-time high above $40,000. Is $50,000 next? See what cryptos are doing today.

2. Goldman Sachs sees the UK's first double-dip recession since the 1970s. This is the likely impact on GDP from the new national lockdown.

3. Stocks are heading to a new record high after Trump's concession. This is what the broader markets are doing today ahead of the opening bell.

4. The Fed has returned $42 billion in unused funds to the Treasury. The central bank will pay another $20 billion. Here's why.

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5. "Enjoy it while it lasts." Here's why "Big Short" investor Michael Burry sees a collapse in Tesla stock.

6. Earnings expected: No large-cap companies are reporting results.

7. On the data docket: Monthly non-farm payrolls data are due.

8. Meet the growth-fund manager who's beaten 96% of his peers over the past 5 years. He shares 6 stocks he sees 'dominating their space' for the next 5 to 10 years - including 2 he thinks could grow 100%.

9. We spoke to investing legend Terry Smith, whose $30 billion stock fund returned 449% to investors over 10 years. He shared his 4-part strategy for success and 10 pieces of investing wisdom to take into 2021.

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10. Deutsche Bank says some financial stocks are headed for big gains following 2020's 'savage sell-off.' The firm pinpoints 14 beaten-down stocks poised for a bullish recovery.

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