S2 EP2: Stocks Rebound, Tech Stocks Declines and Senate Passes $1.9 trillion Covid Relief Bill
Episode description
In today's episode of compounding lifestyle, we talk about Stocks Rebound, Tech Stocks Declines and Stimulus Passed. The House is expected to pass President Joe Biden's $1.9 trillion American Rescue Plan this week, which means the Internal Revenue Service will likely begin sending out a third direct stimulus payment to many Americans. Most Americans who earned up to 80,000 in their 2019 or 2020 federal tax return, whichever they have filed more recently, would receive a payment under the new package. For those who earned between $75,000 and $80,000, the amount will be gradually scaled down from $1,400.Technology stocks are once again under pressure as bond yields continue to rise — with investors rotating from assets perceived as having stretched valuations. The yield on the 10-year Treasury TMUBMUSD10Y, 1.595%, up 64 basis points this year through Friday, rose 2 basis points to 1.589% on Monday. Rising interest rates mean rising borrowing costs, which doesn't sound great for stocks. Also, higher yields arguably make bonds more attractive as an investment, which doesn't sound great for stocks either. And so it's not too surprising to see stocks trade lower (^GSPC) in the past month as yields (^TNX) have surged.. $TSLA $AAL $BNGO $MARA $M $AAPL $FCEL $REGN GOOGL $EZGO $MTCH $DIS $AMGN $ $TWTR $MVIS $PLTR $BFLY $ENZC $GM $ABNB $BUZZ
check for Coin Base IPO share prices are $200 estimated release date is late February or early March 2021
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