White House announced that both Republicans and Democrats are doing their best to come up with a stimulus package in 48 hours. However, major stock markets could start the day in their negatives due to economical concerns.
After a 62% increase in Netflix's share in 2020, they are facing subscriber growth challenge which dropped their stock price by 5% in pre-market.
PayPal will allow Crypto trading by next week. GM unveiled its 2022 off-roading electric truck for $112k.
Google's response to the Justice Department's antitrust lawsuit: "deeply flawed," and isn't helping consumers of its products. "This lawsuit would do nothing to help consumers. On the contrary, it would artificially prop up lower-quality search alternatives, raise phone prices, and make it harder for people to get the search services they want to use".
It worth it to remind ourselves how rich people are simply dumb; 50-cent said: “I don’t care Trump doesn’t like Black people, 62% are you out of ya f***ing mind,”. He was referring to Biden's tax cut in NY.
I think there is an analogy between the stimulus package and the release of iPhone 12. You see, before iPhone 12 was out, almost everything about the design, functionality and even the tech inside it was already leaked. But nevertheless, the market became bullish a day before the event (the stock rose up $10, nearly 8%) due to the hype of 5G. 5G you ask! Right, the same capability that is available in almost any other flagship for the past 2 years. But I don't want to discuss how Apple doesn't add real value year after year to their products but rather do a good job of advertisement for people to think they have the most precious piece of tech in their pocket. I want to focus on the fact that after the event, the market lost half of that gain, and the next day it lost the rest. Why? Because they are saying, although iPhone does come with 5G but the cell providers will not be able to have 5G available to you just yet, other than some specific locations. OMG! Wasn't this know before the event? LOL. The analogy with the stimulus is right there. There is so much hype in the market waiting eagerly for the stimulus to come. Every time there is a chance for a new stimulus market goes up. While we know how stimulus can hurt the middle class, and in fact it's the middle class paying that debt out of their pockets. But the market hopes, although people are loosing their jobs and businesses, they will spend the stimulus money which is good for the giant companies and corporations out there. However, this much of stimulus will come and bite back because there will be a point that there will be no more stimulus and negative interest rates cannot go lower, and that is when the realization will be the reality. All being said, we are in this for the investment, and what I'm trying to say here is that, we should be careful about the era after stimulus, the way we knew 5G is not a big deal for iPhone.
Let me know what you think.
Keep smiling and stay charitable.
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