What Happened in the Market (and the World) This Week? S&P 500 return this week: -0.71%S&P 500 return YTD: 4.23% This was a pretty volatile week. Tech stocks got hit pretty hard early in the week but finished on a good note. Wednesday was a total bloodbath, red everywhere. The economic data that came in […]
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Stock Market Recap: Week of Feb. 7 – 13, 2021
What Happened in the Market (and the World) This Week? S&P 500 return this week: 1.23%S&P 500 return YTD: 4.94% The market just keeps going up. It’s incredible how much positive momentum there is right now given the low interest rate environment and the Fed printing money plus $1.9 T in stimulus up for grabs. […]
Continue ReadingStock Market Recap: Week of Jan. 31-Feb. 6, 2021
What Happened in the Market (and the World) This Week? S&P 500 return this week: 4.64%S&P 500 return YTD: 3.61% What an awesome week in the market. The market went up nearly 5% this week due to strong earnings, hope for President Biden’s stimulus and “improving” economic data. Last week the market finished in the […]
Continue ReadingJanuary 2021 Month End Portfolio Recap
What a crazy month. GameStop has been the talk of the week and for good reason. GameStop’s ($GME) stock price has literally 80x’d in the past year and has increased 17x year-to-date. I must admit my good fortune, where I got in around $12 back in October after listening to a Motley Fool podcast about […]
Continue ReadingRobinhood’s Big Blunder
What a bloodbath today for the short squeeze stocks or Wall Street Bets stocks. What did Robinhood do?! Robinhood, Interactive Brokers, ETrade and a few other brokerages all announced early Thursday morning that their users were restricted from trading stocks like GameStop, AMC, Blackberry, etc. This of course caused all of these stocks to tank […]
Continue ReadingStock Market Recap: Week of Jan. 17-23, 2021
What Happened in the Market (and the World) This Week? S&P 500 return this week: 1.94%S&P 500 return YTD: 2.36% Market had a solid week. The inauguration went off without a hitch and enthusiasm for the Biden COVID stimulus plan resulted in some solid gains. Most companies so far have beat earnings estimates which should […]
Continue ReadingStock Market Recap: Week of Jan. 10-16, 2021
What Happened in the Market (and the World) This Week? The S&P 500 dropped 1.47% this week. Friday was especially bad with the S&P 500 dropping 0.72% which is largely due to what I think were some bank earning overreactions and maybe the fact that retail sales had another drop in December. JPMorgan ($JPM) had […]
Continue Reading$SFIX $CHGG – Sleeper Stocks and Joe Biden’s Stimulus Plan
$SFIX – Stitch Fix Stock Stitch Fix ($SFIX) has been an interesting stock to buy and hold. It IPO’d in late 2017 and I bought shares pretty early on because I believed in Katrina Lake and I thought the business model made a lot of sense. I mean, personalized, fashionable clothes at a reasonable price […]
Continue ReadingGamestop WTF?
Normally, on a day like this, I’d be like “Heck yeah!” Peloton one of my biggest holdings absolutely crushed it. I mean, I am definitely pleased but then I read about this guy: WTF?! Apparently, the fact that GameStop now has 3 Chewy veterans ($CHWY also hitting a 52-week high), on their Board of Directors […]
Continue ReadingWhat a Day – New All-Time High
Yesterday was insane 🥳 Market opened without a ton of movement besides $FUBO being up a lot due to their plans to acquire Vigtory which should allow them to speed up their sportsbook plans. Then a half-hour later, it was like a chunk of my portfolio was holstered to a 🚀 because $ETSY, $DOCU, $SFIX, […]
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