Passage of the $1.9 trillion stimulus package means one thing for sure: the stock market is about to re-ignite with the new impetus. | | | | The last time a stimulus package was introduced, the stock market ignited to all-time highs!
All this money will trickle into the stock market.
Investors need a place to make the most bang-for-their-new-bucks
Well, a new trend is developing in a tech disrupting 5G!
Elon Musk, Jeff Bezos, and other billionaire investors are early investors in the space.
With the extra liquidity, this could be the perfect time to join them! | | | | | James West, CEO Midas Letter.
James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | | | | |  | Passage of the $1.9 trillion stimulus package means one thing for sure: the stock market is about to re-ignite with the new impetus.
To discern the effect of the stimulus package on the stock market and other assets, we need only harken back to March 2020, when another trillion-dollar stimulus package was launched.
The injection also catalyzed gold's setting of an all-time high by August of 2020, when it breached $2,000 an ounce for the first time. Then, as now, prior to the stimulus, the gold price was seen weakening until the stimulus was actually announced.
So it is highly likely that today is going to be a wild day to the upside, though there is a lot to indicate that markets are becoming incrementally less responsive to central banks' 'shock and awe' tactics.
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The $1,400 stimulus checks are probably the most popular part of the $1.9 trillion coronavirus relief package that has just been passed.
Will this cause an injection into stock market prices or have a "buy-the-rumor, sell-the news" effect?
The price of Tesla Inc stock (NASDAQ: TSLA) has crashed more than 15% this year.
Do investors in the electric car leader need to panic, or is this healthy consolidation from an overly stimulated stock price?
When inside inflationary periods, traditionally, you would expect gold prices to follow. Gold is usually seen as a hedge against inflation after all...
So, why is gold not responding as other commodities are flying?
All of these questions and more will be answered in today's Roundtable video here. Enjoy and happy trading! | | | | | | | | Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. | | | | |
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