Tale of the Tape
Good evening, folks. We’ve stumbled into 2021 and the market madness continues.
Cryptos went crazy during the U.S. markets’ brief holiday break.
Bitcoin broke through 34K and is already up 13% so far this year. Even Ethereum reached its highest price since February 2018. Where will the cryptos break next? Place your bets…
The S&P 500 and Dow Jones Industrial Average both closed 2020 at fresh highs. Are we in for a roaring 20s repeat? Time will tell.
Stimulus checks have been sent as COVID cases continue to climb. Stay safe, y’all. 😷
Later this week we’ll get a peek at December’s unemployment rate. Will the economy disconnect further from the market?
Here’s the weekly S&P 500 chart:
And last week’s changes:
| S&P 500 | 3,756 | +1.43% |
| Nasdaq | 12,888 | +0.65% |
| Russell 2000 | 1,974 | -1.45% |
| Dow Jones | 30,606 | +1.35% |
| *Bitcoin | 33,324 | +27% |
*It’s a new year so let’s toss bitcoin in the bunch. 😉
It’s Happening!!
Get ready everyone because the crypto craze has begun. Bitcoin surged 73% since December 16th. 🚀
Here’s the wild weekly chart:
As of today, $BTC.X is less than 200% away from 100K. 👀
Etheruem entered 2021 with a bang. $ETH.X soared over 20% on Sunday and is a stone’s throw away from 1K.
Here’s the weekly chart:
In January 2018, the crypto cracked 1419.96. Will new highs come next? Place your bets…
Do You Reinvest Your Dividends?
Maybe you should ~ it pays to play.
Eddy Elfenbein shared this over the weekend:
If you had started investing on March 31, 1936, and reinvested your dividends, Through Thursday, you would have registered a gain of 543,755.05%.
That was enough to $10,000 into more than $54 million. (I hate those kinds of stats.)
The return works out to 10.68% per year. That’s enough to double your month every six years and ten months.
Want to get rich? Do it slowly. You can see the compounding catapulted the fictitious portfolio in the final few years.
Eddy also updated his 2021 Buy List where he divides a $1M portfolio equally among 25 stocks. Here’s the locked list for 2021. We’ll wait and see if the stocks stay green.
Follow along here:
Sunday Links:
🎯 New Year Sale: Make 2021 your most profitable year yet with IBD Digital, now only $20.21 for 2 months.*
❓The Opposite of Willpower
🏃🏼♂️ ‘It’s Just Unprecedented’: Senate Hinges on Georgia Runoff Chaos
🗓 The Longest Year – On my Om
🚷 There Are No Lanes – Investing in 2021
🧠 Human-Run Hedge Funds Trounce Quants in Covid Year
🏗 Twelve Buildings To Look Forward to in 2021
*sponsored
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, January 4th, 2021:
Economic Calendar:
1/7 Initial jobless Claims (8:30 AM ET)
1/8 December Unemployment Rate (8:30 AM ET)
Here’s the full Economic Calendar provided by Briefing.
Earnings Calendar:
Be sure to know when your stocks are reporting. Here’s the earnings calendar:
