Stocks on Wall Street fell in the pre-market after yesterday's record highs in DOJ and S&P. Investors are awaiting the job report which is due later today. Biden is set to announce a shift in the vaccination deadline by making everyone in the US eligible to be vaccinated by Apr 19th.
Although Amazon was on track for growing it's presence in the digital ad market in the US, the pandemic has accelerated that. They increased their share from 7.8% in 2019 to 10.3% in 2020 and predicting 12.8 by 2023.
Despite the fact that over 533 million Facebook users were hacked ver the weekend (users phone numbers, names, locations and email addresses were exposed), but the stock price hit record high on Mon.
Recently I have noticed the fact that when the economy is not n a good situation it will eventually become a positive effect for the stock market. Because, such situation begs for a bright future and the stock market loves bragging on a positive prospect. The challenge however, is that, for how long will that prospect hold. In some cases, when the hope is in reach, stock market tanks. But the recent pandemic was handled by the Wall Street as a never ending hope, which was admittedly genius and anti-depression for many who had to work from home - and didn't loose their jobs.
Let me know what you think.
Keep smiling and stay charitable.
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