Home 2021 The Market is Saying: Mr. Biden’s Aid/Relief/Stimulus Package is Just an Idea

The Market is Saying: Mr. Biden’s Aid/Relief/Stimulus Package is Just an Idea

by Paul Ebeling

#Aid/Relief/Stimulus, #idea, #Biden


The SEC said Friday that it is evaluating the extreme price volatility of certain stocks’ trading prices warning that such volatility can expose investors to rapid and severe losses and undermine market confidence“–Paul Ebeling

Friday, the S&P 500 tested to it 50-D MA, as it fell 1.9%, its benchmark its biggest weekly decliner since October. The DJIA and NAS Comp each fell 2%, and the Russell 2000 declined 1.6% on the day.

GameStop (NYSE:GME) spiked 70%, clawing back some of its loss from Thursday after Robinhood said it will allow account holders to come beck into the market. GameStop has run up 1,600% run over the past 3 wks and as brigades of small investors battle the Wall Street short-side professionals.

In Europe and Asia we are seeing renewed travel curbs and strong headwinds in Washington over Mr. Biden’s proposed $1.9-T economic aid idea.

Not an idea but a reality: the Fed’s has pledge to keep its petal to the metal to bolster the economy. Historically low interest rates from the Fed are high octane fuel for stocks and other investments.

Friday, the benchmark US stock market indexes finished the wk and month at: DJIA -620.74 to 29982.62, NAS Comp -266.46 to 13070.70, S&P 500 -73.14 to 3714.24

Volume: Trade on the NYSE came in at 1.6-B/shares exchanged

HeffX-LTN’s overall technical analysis for the major US stock market indexes for the wk and month ending 29 January 2021 is Neutral to Bullish with a long-term Very Bullish bias.

  • Russell 2000 +5.0% YTD
  • NAS Comp +1.4% YTD
  • S&P 500 -1.1% YTD
  • DJIA -2.0% YTD

Looking Ahead: Investors will receive the ISM Manufacturing Index for January and Construction Spending for December Monday.

Have a healthy weekend, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.