RE: Markets Were Red for the Week! - Trading Journal (2.26.21)
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I hear in March, there will be huge changes due to people receiving some sort of compensation/money from government, do you know anything about that? Or if it will affect markets?
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Yes every tax payer gets $1400 to spend on what ever they choose and that money is not taxed. Last year about the same time they gave $500 per tax payer and we all saw how stock markets went in 2020. Now almost three times more and if we include the $600 that was initially given its $2000 total this year compare to $500 last year. The end goal is to create inflation and when there is inflation markets will go up. All a numbers game. Trouble though is all bubbles will sooner or later pop. Looking ahead there is less chance that 2022 and years ahead we will get more stimulus and stock markets are forward looking. So my gut feeling is markets continue to ramp up but before the end of 2021 it will have a pullback because it will have to adjust for lack of or less of stimulus in the years ahead.
What it means for crypto? I hope some of these money will go to crypto market 😊
I feel they go hand and hand, and since crypto has not had a massive draw down like -40% or more it should be a safe bet that some of that money will go into crypto. I am bullish in crypto as well and do not bother me if we get a big draw down. I would be buying more if that was the case. Long term believer in bitcoin and several altcoins such as Hive.