DOW, along with major indexes, dropped this morning after yesterday's rally. This is because WHO announced that Covid won't be ending in 2021.
Oil fell 1% before OPEC's meeting. It's expected that the production will rise, since oil prices have cached up since the pandemic.
Warren believes that Bitcoin will implode and will end badly because it's only based on speculations.
SoundCloud will launch user-centeric payment system.
The stock market doesn't have to be aligned and in the same direction as the economy. But, it cannot totally ignore it or a bubble will shape. The market has only been rising since summer with almost no corrections within itself, leave alone the fundamental economical situation. The Fed has promised to keep things intact, meaning that they will keep printing money to keep the market propped up. The way the latest stimulus package was released proves that they cannot afford to keep printing money anymore, at least the way they did since 2018. I think this is extremely bearish. No one knows if a crash will come or a bubble will burst, or maybe the market with stall for a bit and continue to rise. But we shouldn't be all-in with this market in my opinion.
Let me know what you think.
Keep smiling and stay charitable.
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