The Weekend Rip: Crypto Cranks Higher

Tale of the Tape

Good evening, folks. We hope you enjoyed the brief break — we’ve got a busy week ahead.

More than 750 companies are expected to report earnings this week. Heavy hitters include Home Depot, Lowe’s, Square, Nvidia, Etsy, and DraftKings. See the calendar below. 

Crypto cranked over the weekend. $BTC.X is up 96% so far this year meanwhile $ETH.X is up a cool 167%. Do you feel the FOMO?? 👀

Last week, the Dow Jones Industrial Average was the only major index to finish higher while the S&P 500 sits within 100 points of 4K. The Index ticked a high of 3,950 on Tuesday before dropping the next 3 days. Will the S&P snap back and break 4,000 for the first time?? Time will tell… ⏳

Here’s the weekly S&P 500 chart:

And last week’s changes: 

S&P 5003,906-0.71%
Russell 20002,266-0.99%
Dow Jones31,494+0.11%

Crypto Cranks Higher 🚀 

As you know, crypto markets never close, and over the weekend both Bitcoin and Ethereum bounced to blue skies. 🙌

Last Tuesday, Bitcoin blasted through 50K. Today — $BTC.X hovers near 57,500. Remember when the crypto cracked its previous high of 20K…? It’s up 187% since then. 🤯

Here’s the weekly chart:

Ethereum finally eclipsed 2,000 on Saturday!! $ETH.X managed to trade above 2K for a few hours before it broke down and ticked a low of 1,801.

Here’s the 15-minute chart:

And here’s a performance chart of Bitcoin and Ethereum since the summer of 2016:

Kings & Queens of Corbet’s 2021 👑

Last Thursday, twenty-six athletes threw down in Jackson Hole for their chance to be crowned the King or Queen of Corbet’s. 

The contestants hucked their best tricks off the most iconic couloir in the world. Check out this mountain:

The event was unable to be live-streamed due to covid concerns but RedBull TV will air the contest tomorrow, Monday, February 22nd at 3 PM ET. 

Here’s a sneak peek of last year’s Queen 👸, Veronica Paulsen, tossing a massive backflip into oblivion:

For those who can’t wait, here’s the 2020 highlight tape.

Sunday Links:

🌿 What’s next for pot stocks? Here’s how new laws could radically change the industry*

📈 Innovations in Asset Management 

🥩 What Critical Factors Do Personal Wealth and Health Planning Share?

∞ Infinite Loops with Polina Marinova – The Profile (EP.35)

⁉️ This Is Going To End Badly

🏝 Foster + Partners to Create Ring-Shaped Hotel on Stilts in Saudi Arabia

😨 Fear Of Missing Everything

🏇🏻 Meet the Teenage Senegalese Jockey Racing to Fame


The Week Ahead

And now a brief and well-organized look ahead at the trading week beginning Monday, February 22nd, 2021:

Economic Calendar:

  • 2/23 February Consumer Confidence (10:00 AM ET)
  • 2/24 January New Homes Sales (10:00 AM ET)
  • 2/25 Jobless Claims (8:30 AM ET)
  • 2/26 January Personal Income and Spending (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