Tale of the Tape
Happy Valentine’s Day, y’all.🌹 ❤️ It’s a short week on Wall Street as the markets will be closed tomorrow for Presidents Day.
Last week the small-caps continued on their incredible quest. The Russell 2000 gained 2.5% and was the best performing major index. The month is far from over but check out the $IWM monthly chart. It’s a work of art:
Earnings season is still upon us. Shopify, Walmart and Roku are all expected to report results this week. See the calendar below.
Can social stocks stay hot?? The social media ETF $SOCL hasn’t closed negative since January 29th. 🔥👻
Google gapped up 7% after reporting Q4 earnings just after the first of February. The stock has managed to close between 2100 & 2050 for 8 straight days. Will Google finally drift away? Place your bets…
Here’s the weekly S&P 500 chart:
And last week’s changes:
All Eyes On Crypto
The market of stocks might be closed but crypto trades around the clock. 🕰
Bitcoin and Ethereum both continue to bop higher. $BTC.X nearly broke 50K while Ethereum eclipsed $1,775 on Saturday. $ETH.X is already up more than 140% in 2021. 👀
Here’s the daily chart:
As the cryptos slowly creep higher and companies like Square and Tesla add the digital asset to their balance sheet, regulators look to step in.
How will Washington look to regulate?? Time will tell… ⏳
It’s Time to Testify
We might finally get some answers! 🙌
Tech CEOs, hedge fund managers, and Youtubers will testify before a virtual U.S. House panel regarding the epic short squeeze in the ‘MemeStocks’ last month.
In case you missed it, GameStop gained a glorious 1600% from January 13th to January 27th.
AMC accelerated more than 800% during that same period.
Keith Gill, aka Roaring Kitty, Citadel CEO Ken Griffin, Melvin CEO Gabriel Plotkin, Robinhood Chief Executive Vlad Tenev, and Reddit CEO Steve Huffman are all expected to speak on Thursday.
Here’s a link to the virtual hearing: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide
Fox Super 6
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🟦 Christie’s to Sell Basquiat’s ‘Warrior’ in Hong Kong for $31M
🤝 The Convergence of Health and Wealth
🤓 These Researchers Invented Energy-Efficient Transparent Wood
🤔 What Happens When a City’s Largest Employer Goes ‘Work From Anywhere’
💡 Sentiment Sunday – Crypto in 2021… The Era of Physical and Digital Sentiments
🗽 Madison Square Garden Exec Says Arena Reopening ‘Earlier Than Expected’
⚡️ Jeep Wrangler EV Concept Coming This Spring
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Tuesday, February 16th, 2021:
- 2/17 January Retail Sales (8:30 AM ET)
- 2/17 January Producer Price Index (8:30 AM ET)
- 2/18 January Housing Starts (8:30 AM ET)
- 2/18 Jobless Claims (8:30 AM ET)
- 2/19 January Existing Home Sales (10:00 AM ET)
Here’s the full Economic Calendar provided by Briefing.
Be sure to know when your stocks are reporting. Here’s the earnings calendar: