😜 The Market Throws a Tantrum Over $600

Good morning. The stimulus narrative continues to be the driver of the market in the short-term.

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. The stimulus narrative continues to be the driver of the market in the short-term. Case in point? Yesterday's slight market gain evaporated when news of Biden's stimulus plan leaked out. Gone was the case for the $2,000 stimulus check. Rather than one-up Trump's stimulus number, the amount went down. The new amount? $1,400. That's not bad. And, in fairness, it would be a third check on top of the second $600 check that was approved. So in one way, it does come to $2,000. But markets naturally wanted more. Add in rising jobless claims in recent weeks, and it's clear that other efforts besides stimulus will be needed to keep the market party going this year. At least the Fed's on board to keep pumping—but watch out for pullbacks along the way. Now here's the rest of the news: Sponsored Content Wall Street's Next Trillion-Dollar Industry The next trillion-dollar industry is forming right now. But it's not at all what you think… It's actually a 70-year-old market sector that's about to go into overdrive — thanks to the biggest "all hands on deck" effort this country has seen in almost a century … maybe ever. Click here to see what it is. MARKETS DOW 30,991.52 -0.22% S&P 3,795.54 -0.38% NASDAQ 13,112.64 -0.12% *As of market close • Stocks sank into the close on Thursday, on lower stimulus expectations. • Gold declined 0.4 percent, with the metal closing at $1,847. • Oil prices rose 1.4 percent, closing the day at $53.66 per barrel. • Cryptocurrencies generally rallied, with Bitcoin closing in on its old high with a trade at $39,359. Today's TOP TIPS The "Retail Isn't Dead" Trade May be Stalling Out As far back as 2017, analysts were calling for the death of retail, particularly with mall-related names. As e-commerce and big box stores increased their market share, the traditional mall seems to have died out. Covid didn't help either. Yet many of these names have moved higher in the past few months. That's partly market optimism, and partly these stores pivoting towards online sales as well. But the trend may be playing out. » FULL STORY Insider Trading Report: Perrigo Company PLC (PRGO) Richard Sorota, an Executive Vice President at Perrigo Company (PRGO), recently started a stake with a 7,513 share buy. The total cost of that buy came to just over $326,000. This marks the first insider buy of 2021. Insiders were mostly buyers in 2020 as well, although a few C-suite executives sold at prices lower than where shares trade today. Overall, insiders own just under 1 percent of shares. » FULL STORY Unusual Options Activity: Nio Limited (NIO) Shares of electric vehicle manufacturer Nio Limited (NIO) saw a modest decline. With shares still in an uptrend and near all-time highs, it's no surprise that at least one trader sees a move higher. That's based on the activity in the December 2022 $100 calls. With 700 days until expiration, the option would require shares to move nearly $40 higher from their current price near $60. Over 4,900 contracts traded, a 35-fold rise in volume from the prior open interest of 139. » FULL STORY IN OTHER NEWS • 965,000 Americans file for unemployment benefits in the prior week. • In real estate, Manhattan apartment rentals double in December thanks to lower prices. • Still, NYC renters owe over $1 billion in unpaid rent. • Space stocks jump following large investments from Ark Invest. • Blue Origin makes its first rocket launch of 2021. • Microsoft and Salesforce team up for a digital Covid vaccination passport. • Google finalizes its acquisition of Fitbit. • In earnings, Delta Air Lines misses and lowers its forecast for the first quarter. • Taiwan Semiconductor beats on surging demand. • BlackRock shares rally on rising profits from higher ETF and bond fund flows. S&P 500 MOVERS TOP HFC 10.972% MAC 10.851% OXY 8.554% AMAT 7.904% MRO 7.836% BOTTOM MSCI 6.588% ROL 5.996% VTRS 5.924% MA 5.602% BLK 4.649% Quote of the Day We are persistently seeing investors worldwide under-invested, not over-invested, in long-term assets, and the best source of long-term assets are equities and many asset categories in the private area. - BlackRock CEO Larry Fink on why the stock market is likely to perform well in 2021, albeit at a slower pace than in the second half of 2020. Sponsored Content Wall Street's Next Trillion-Dollar Industry The next trillion-dollar industry is forming right now. But it's not at all what you think… It's actually a 70-year-old market sector that's about to go into overdrive — thanks to the biggest "all hands on deck" effort this country has seen in almost a century … maybe ever. Click here to see what it is. Not sure the best way to get started? 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