01-JANUARY 26-2021

Good morning. Shares of Gamestop (GME) were halted not just once, but twice on Monday.  The stock hit a price of $158 in trading, then dropped down to a more modest return for the day closer to $77, or 50 percent off.  That kind of parabolic move higher is great if you’re already in the […]

01-JANUARY 25-2021

Good morning. A year ago, shares of Gamestop (GME) could be bought for under $5.  The retail operation was seen as on its last legs.  But then Michael Burry, of The Big Short fame became a fan.  So too, did the posters of Wall Street Bets, a subreddit of traders looking for their next play.  […]

01-JANUARY 18-2021

Good morning. Joe Biden didn’t offer too many surprises when he listed his economic proposals.  He did, however, suggest raising the minimum wage to $15 an hour.  At the Federal level, the minimum is $7.25, so if passed, the rate would more than double.  (States are free to set their own higher minimum wage.) That’s […]

01-JANUARY 11 -2021

Good morning. The stock market had a brief shakeup on Friday.  It came on news that the Democratic-controlled senate may not be as powerful as thought.  Following the Georgia election runoffs, the senate is technically split 50-50, but the vice president will have a tie breaking vote.  Enter Joe Manchin.  He’s a Democrat from West […]

01-JANUARY 04-2021

Good morning. The Carolina Panthers has agreed to pay offensive lineman Russell Okung partly in cash, but also partly to mobile payment firm Strike so that he can buy Bitcoin.  It’s the first time a pro-athlete is getting paid in such a way. While the average American may not be able to move $6.5 million […]

12-DECEMBER 28-2020

Good morning. We’re all looking forward to 2020’s end.  It’s in sight.  While the day-to-day grind may not be that different right away, the end of the calendar year can make a huge difference to your wealth. As the last week of the year kicks off, it’s your last chance to sell some positions and […]

12-DECEMBER 21-2020

Good morning. Stocks briefly hit all-time highs on Friday, but sold off quickly.  The reason?  Stalled talks in Congress over the latest stimulus package.  Some lawmakers want an additional $600 check… or a $1,200 check… on top of the $900 billion number already being talked about. A deal over the weekend is possible.  But with […]