Pre-Market Rundown (April 16, 2021)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • Back to Work – Economy on FIRE
    • Initial Claims below 600k
    • Continuing Claims Lowest in Months
    • Fed Dug In – Backed Into Corner (Not Budging)
  • Coinbase IPO/Direct Listing
    • Some Calling This Market Top Event
    • Crpto’s Scream Higher Ahead of Listing
    • Supply on Markets HUGE
  • MARKET – ATH ATH ATH
  • Massive Equity Fund Inflows
    • Last 5 Months > Last 12 years
    • Can This Last
  • The Power Of Fiscal Stimulus
    • Fed Lights the Fire
    • Fiscal Stimulus = Gasoline and High Powered Fan
    • Money Pouring Into Markets
  • Themes
    • Inflation – But Bond Yield Dropping
    • KRI Heating Up Again (+4 and Clusters)
    • Rotation Back to Solid Balance Sheets (Sell SPACs and Specs)
    • Button Pushing
  • Economics
    • Base Effect – PPI HOT, CPI HOT – Transitory Narritive
    • Regional Manufacturing HOT
    • Retail Sales 9.8% HOT
    • Stimulus Checks – PPP Programs – MONEY IN SYSTEM!
  • Economics/Earnings

    • Earnings Season Starts – JPM, WFC, C, – All benefit from release of loan loss reserve requirements
    • NEXT WEEK – LIGHT (Initial Claims, Existing and New Home Sales)
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: MUDS, SPCE, CTRN, GDX, SLV, COIN, VIPS, JPM, JNJ, RBLX, QS

Your Symbols

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