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Showing posts from February, 2021

Thursday - Bitcoin May Not Be A Momentum Anymore, It's Permanent

 Wall Street's futures are mixed this morning while tech continues to be lower for the 3rd day. GameStop is surging again. CoinBase will announce IPO. Keep smiling and stay charitable.

Wednesday - People Aren't Trusting The Fed!

US stock futures are pointing lower today. Although Powell has promised to support the economy until required, but people are taking that with a lot of sckeptism.  Square bought $170 million in Bitcoin which pushed the crypto above $50k again.  FDA said J&J's one shot is safe. Keep smiling and stay charitable.

Thursday - Economy Rebound Is On A Short Term Horizon

 US stock futures fell today after DOW dropped due to Walmart's decrease of 4.5%.  861k American's filed for unemployment. Due to economical rebound being promised as early as this summer we could see rate hikes sooner. However, the Fed might not want to play as a bottle neck in the recovery process. Let me know what you think. Keep smiling and stay charitable.

Wednesday - Solid Results In Covid Cases Makes The Market Hopeful

US stocks are looking at a positive open this morning. Industrial production in the US along with retail sale rose significantly in Jan. New Covid cases are dropping fast. Bitcoin surpassed $51k USD. Keep smiling and stay charitable.

Tuesday - People Trust Bitcoin More Than Anything

 Major indexes are pointing to a higher open, with a potential to break record highs, this morning.  Bitcoin surpassed $50k USD for the first time. After the limitations posed by trading platforms, including Robinhood and major banks, people are trusting the non regulated world of cryptocurrencies even more. S&P estimated a 10% rebound in India's economy by 2022. This is due to consistent agricultural performance, slowing down the pandemic, and government expenditure.  Tesla will open a new manufacturing plant in India's Karnataka. The senate found Trump, not guilty in the impeachment trial. Keep smiling and stay charitable.

Thursday - Powell Has Unintentionally Encouraged Crypto Investment

 Stocks are pointing to a lower open this morning. Although jobless claims dropped by 19k, but Powell's comments about being far away from full employment and a need for stimulus are keeping the investors put. Elon Musk expanded his crypto investment by purchasing Dogcoings, presumably for his SpaceX project. Microsoft has reached out to Pinterest for a potential acquisition. PIN jumped up 6% in the pre-market. Bumble's IPO is closer to materialize. The hope is to focus on healthy relations. Could this be the next Reddits sweet heart? Keep smiling and stay charitable.

Wednesday - Global Market Is Rising on Q4 Results & Later It Will Depend on Stimulus Package

 Global stocks to continue pushing forward on the positive news of Q4 results, improving Covid situation and stimulus package. It seems the stimulus package timing will be around the time when Q4 results loose momentum. European Central bank announced, a digital Euro could cut costs. Dutch online payment Adyen jumped up by 9% to a record high when its rival PayPal reported 27% increase in earnings. Oil is still going up smoothly. Keep smiling and stay charitable.

Tuesday - Capitol Hill's Riot vs. Freedom Of Speech Will Get Evaluated In Today's Impeachment

Stocks are looking at a flat to near negative open this morning. This is due to no-improvement with the stimulus package and Trump's impeachment trial. Chinese Ministry of Commerce announced plans to facilitate consumption plans for electric vehicles.  Reddit doubled its valuation to $6 billion after hosting the rebelion against the Wall Street through a short squeez.

Monday - Bitcoin's Story To Be Continued..

 Stock futures are pointing higher this morning with stimulus package hopes. Also Yellen said, US could get back to full employment by 2022. Bitcoin is over $55k now. Elon Musk announced buying $1.5 billion Bitcoins to diversify their returns and cash. Going forward they will implement a mechanism to get paid with Bitcoin for their services. Oil is over $60 in London, highest since last year, amid lower stockpiles and improved global vaccine distribution. Joe Biden announced, US will not lift sanctions on Iran to get back to the negotiation table. Keep smiling and stay charitable.

Friday - Wall Street Won the Reddit race. Obviously!

 US added 49k payrolls which dropped the rate by 6.3%. Senate approved stimulus package to move forward without the Republicans. Oil is still rising. Ether reached record high.  Robinhood lifts trading restrictions on all stocks which means Wall Street got back their share and now people can do whatever they want. If you are in the negatives on GameStop and AMC, consider pulling out once the stock goes a bit higher today. Keep smiling and stay charitable. 

Thursday - Tech Stock Are Moving Based Q4 Results!

 Major index futures are higher today, between 0.1% and 0.4% on Dow and Nasdaq respectively. This is due to jobless claims, stimulus package and Q4 results for major tech companies beating expectations. eBay is 9% higher in the pre-market. PayPal is also 5% higher. Both reporting gains in Q4. DogeCoin soared 50% this morning after Elon Musk twitted its name. Keep smiling and stay charitable.

Wednesday - Wall Street Pulls GameStop Back To Earth.

 Tech stock futures are pointing to a higher open with Amazon and Alphabet's promising Q4 results. However, Dow futures are lower, while, private sector rose by 174k in the US. Amazon reported its highest revenue to date, with 44% increase since last year. Meanwhile, they announced that Jeff Bezos will transition to executive chair while Andy Jessy, AWS CEO, will replace him by Q3. Visa is collaborating with First Boulevard bank to help their customers buy/sell Bitcoin via Anchorage. This is the first partnership using Visa's Crypto API. Uber will acquire Drizly, on-demand alcohol marketplace, for 1.1 billion in stock and cash. GameStop stock tanked by 60% and down to $90. Keep smiling and stay charitable.

Tuesday - How Long Will The Rebel Against Wall Street Hold?

 Dow Jones is about 300 points higher this morning which is due to promising stimulus  package negotiations with the republican and also because GameStop and AMC were lower in the pre-market. Sweden is unwilling to recommend AstraZeneca to the elderly as the effectiveness is not documented well by the company. 

Monday - Will The Rebel Against The Wall Street Hold?

 Stock futures are pointing to a higher open this morning; S&P recovering 1% of over 3% losses during last week's sell off. Dow and Nasdaq are following the same trend.  Silver is picking up the pace with 11% increase, the highest since 2013. The major players are SLV, FSM and PAAS. Crude oil is also about 1% higher with more ease on the horizon after Covid. Dogecoing cryptocurrency is also 40% up today.  GME is slightly lower in the premarket but AMC and BB are higher. Nio's delivery results were more than 3 times compared to Jan 2020. Keep smiling and stay charitable.