It’s been a nerve-wracking week, not knowing if the long correction would carry into this week. Seeing that red in our portfolios for over 2 weeks was tough, so we had no idea what to expect walking into this week.

Interest Rates Lower Than Expected

CPI data was released yesterday for February, telling us how much inflation rose last month. Luckily interest rates remained low, despite the market fears. One of the biggest factors in the market drop were fears of increasing inflation.

Stocks seemed to surged seeing a rather insignificant growth in inflation yesterday. Bond yields started the week declining in numbers adding fuel to the fire pushing stocks back up. Even tech stocks saw massive growth this week. Something we all questioned based on their more recent performance. ARK invest faced crazy backlash during this correction, but had a record day earlier this week, seeing over 10% growth.

Overall, there was some massive fear and confusion going around lately, but with CPI data confirming the Government wasn’t lying to us yet, everything seems to be calming down finally.

Stimulus Passed

Yesterday Biden finally signed and approved the new Stimulus package, guaranteeing every American meeting certain income thresholds, will receive $1,400 in the mail.

Even better, many professionals are expecting to see that money come flowing back into the markets. In fact, Deutsche Bank created a survey that said around 37% of retail investors are planning to put a large portion of that check into equities.

We can expect this to prop the price of stocks even higher. Though I expect to see massive amounts of money go into crypto as well. I’m predicting Ethereum will see a huge influx of funds, since an entire stimulus check can buy almost a full Ethereum coin. We’ll see.

Roblox IPO

Roblox, an online gaming platform that allows users to program games and play games created by others went public this week. The company jumped to a $38 Billion Market cap once the stock went public.

So far it seems to be remaining stable and has a promising future. This is one stock I am interested in and currently doing my research to see if it has a place in my portfolio for long-term growth.

Right now I am very tempted, but only more research can confirm.

Stocks Are Back!

Overall, this has been a good week for stocks. It seems like the market is finally back! It was tough seeing so much red in my portfolio, especially when a bulk of my investments were made the past few months.

It took a lot of research into the markets to confirm this massive correction wasn’t my fault. I wanted to be sure I chose the wrong stocks. It sounds crazy, but I’m sure I’m not the only one that thought they made a mistake. Luckily it’s them (stock market) and not us!

In other news, Crypto has been soaring back, closing in on all-time highs! Even Coinbase, which is set to go live soon was recently valued at close to $100 Billion! That is a massive valuation, looking at share prices around $350-$375.

I am pretty convinced I will be scooping up some shares when this stock goes live. It’s a big more risky than other stocks I’ve invested in, but I believe in the future of crypto and I have to believe in the future of this company. It will be a turning point in the industry and I’m willing to risk on its future.

Don’t forget to do your own research when investing. Remember I am no a financial advisor and by no means telling to copy my investing strategies. Please please please do your own research and speak to professionals if you have any questions.

*Edit: It’s always a risk to write these stock market news early Friday morning before market opens. Today stocks fell back down after bond yields increased yet again. The losses weren’t too severe today, but nonetheless the great gains we saw for 3 days has ended. Let’s see if Monday will get any better.

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  • lOcpzNoJuIh
    Posted March 15, 2021 at 6:34 am 0Likes

    yezESgZQDVUl

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