Reverse, Reverse!

Tale of the Tape

Happy Friday, folks! The market of stocks fought back and rallied higher after sliding early this morning. Cheers to that!! 🥂

The Nasdaq Composite was down as much as 2.6% before flipping a U and closing up 1.55%. 

Every sector closed higher but energy was the strongest sector yet again. $XLE advanced 3.8% — see the weekly charts below.⚡ ⚡

Crypto had a quiet week. Bitcoin continues to bop around 50K while Ethereum bounces around 1500. 

Tesla tumbled 4% but the stock was down as much 13% intraday. 

Polaris popped 5.8% while Oracle advanced 6.6% and closed at a new all-time high. 

Google gained 3% and closed at its highest price since February 19, 2020. Will $GOOGL continue its drift to new highs next week? Place your bets… 

Here are the closing prints: 

S&P 5003,841+1.95%
Russell 20002,192+2.11%
Dow Jones31,496+1.85%

Weekly Candles 🕯

The Nasdaq Composite crumbled to 12,400 before snapping back to 13,000. Did you buy the dip??

Energy was the strongest sector for the week. $XLE accelerated 10% and closed at its highest level since February 21, 2020.

The IPO ETF had its second worst week since the covid crash. $IPO stumbled 7% and closed at its lowest price since last November. 

Tesla tumbled 11.5% this week. Elon’s EV maker is now down 14% since its addition to the S&P 500.

GameStop managed to gain 35.4%. This begs the question, will the MemeStock madness continue?? Time will tell… 

Ethereum inched up 7.75% following last week’s -27% draw down. Will $ETH.X break out to blue skies?? Time will tell… 

On the Hunt for a Vaccine? 🔎

Luckily, there are smart people out there who want to help all of us.

One such person created, a site that scrapes data from pharmacy websites to find open vaccine appointment spots in your state. All you have to do is click the link, pick your state, find your location, and register! 😁

Before you do that, though, make sure you check your state’s website and ensure you meet the criteria for the current wave. If you do, go do your part, and make that appointment!!

Good luck to everyone trying to find an appointment, and stay safe out there! 🙏

Jobs, Jobs, Jobs

February’s jobs report exceeded estimates by 80%. The US economy created 379,000 new jobs, compared to the estimated 210,000. 

The unemployment rate settled at 6.2%, its lowest level since the Covid crash. 🙌 Here’s a chart of the unemployment rate going back to 2000:

Bars and restaurants gained 286,000 jobs, accounting for ~75% of last month’s increase. 🥂 🎉

Here’s Crossing Wall Street with more.

Girl$ Just Wanna Have Funds

Wanna learn more about investing and the (sometimes extremely intimidating) world of personal finance? Saira and Megan are back at it again! 

HMBradley’s VP of Finance, Saira Rahman, and her co-host/bff Megan McShane just released another episode of Girl$ Just Wanna Have Funds. Check it out

The two will talk Investing 101, Saira’s 80/20 rule, and how to know when you’re really ready to invest. And they’ll do it over a glass of wine, or two. 🍷🥂

Oh… and once again, you definitely don’t have to be a girl to wanna have funds. 😉 

Saks Fifth Ave Goes Digital

Saks Fifth Avenue is looking to raise $500M in an effort to separate its brick-and-mortar and online business. Not a bad idea, considering the recent explosion in e-commerce. 

The company usually makes ~$1B annually in sales… but failing to adapt to a changing retail landscape, especially for a luxury retailer, could be bad business. 🤷

While customers won’t really notice the changes, VC-firm Insight Partners just proposed $500M for a minority stake in Saks Fifth Ave. Saks Fifth CEO Richard Baker commented: 

By separating the dot-com business, we can show investors its value. Investors don’t want to put their money in brick-and-mortar retailers right now.

Is brick-and-mortar luxury retail a dying breed? What do you think? 🤔

Taking Luxury Off-Road

Yesterday, Porsche announced one of its most ambitious vehicles yet— the Taycan Cross Turismo. 🔥🔥

The Turismo is an all-electric vehicle suited for both long road trips with the family and off-road adventures. Porsche outfitted the car with a 0-60 time of 2.9 seconds, a max speed of 155 mph, a 282-mile range, 1.5 more inches of headroom, wheel arch trims, unique front and rear lower aprons, annnnd side sills. Pfew, that’s a lot. 

Oliver Blume, Chairman of the Board at Porsche AG, said this about the new release:

In 2019 we sent out a key signal with the debut of our first all-electric sports car. We see ourselves as pioneers of sustainable mobility… with the Taycan Cross Turismo, we’re taking another major step in this direction.

Want to see this beauty in action? 😍 Check it out here, or here!

Links That Don’t Suck

💰BTC, ETH, BCH, LTC all in one place. Find symbol: GDLC  in your brokerage account to access four of the largest digital currencies by market cap.*

👐 Burning Man Is Planning A Sustainable, Permanent Space Called Fly Ranch

🗽 200 Amsterdam Avenue Will Become the Tallest Skyscraper on NYC’s Upper West Side

🏂 Marcus Kleveland – We Back! (Kid Cudi – Tequila Shots)

❄️ This $11.5 Million Colorado Ski Chalet’s Design Was Inspired by Frozen

📚 SPAC Week – Why So Many SPACs And Why They Are Good?

🏎 A Country Club for Race Cars Emerges Minutes From Miami Beach

🎙 I’m All in On Audio

🌟 Investments as a Status Symbol