Tuesday, February 9, 2021

Stop Gaming GameStop, Robinhood. Hold em, or Fold em?

What’s up with the Stock Market(s)? Feb 8, 2021 the various stock market indexes all hit all time highs. Wow. First off, Trump was very business friendly – some would argue too business friendly (at the expense of the environment and labor. But the market has chugged happily upward based on the likelihood of a Biden win and the certainty of it after the election. Markets don’t like uncertainty, and Trump has been a wildcard on many things like trade and certain industries. But historically the markets have gone up after a presidential election no matter which party wins. Of course, there are sector winners (renewables) and losers (oil, coal and gas).