🍨 Daily Scoop: Overstimulation

 The market wrapped last week in the green. [Open in Browser]( Issue #424 // February 9, 2021 Aly Song | Reuters S&P 3,915.59 (+0.74%) Nasdaq 13,987.64 (+0.95%) Dow 31,385.76 (+0.76%) 10-yr 1.161 (-0.0068) Gold 1,842.40 (+0.45%) Oil 58.43 (+0.79%) *as of market close Hey Scoopers, The market started the week in the green, while investors and economists got nervous about the possibility of overstimulation. — More on that in the "Overall Market" section. Beyond the overall market, any stock with direct or indirect involvement with cryptocurrencies got a vote of confidence on Monday. At the same time, there were not too many big loser stocks in the market. — More on that in the "What's Up?" and "What's Down?" sections. Oh, by the way, the Bitcoin market welcomed a new $1.5 billion whale. — More on that in the "Water Cooler" section. But, first, here is a recap of what happened in the market yesterday: Market Recap - U.S. markets: All three indices started the week in the green. Scroll down to the "Overall Market" section to read more. - Cryptocurrency: [Bitcoin's price]( got a massive boost from its new whale. The ONLY Trading Metric That Actually Matters When it comes to trading, there are folks who examine and analyze all sorts of different metrics, reports and data to try and get an edge. The sad part is that most of them will never discover this one simple secret for amplifying trade returns up to a factor of 1,000X... Do you want to know the ONE and ONLY trading metric you should be looking at? [Click here to find out!]( (By clicking you agree to receive email updates and special offers from Precision Volume Alerts) Overstimulation The stock market started the week on high notes, with all three indices ending Monday in the green. [There is a lot of discussion about overstimulating the economy]( especially after [the $1.9 trillion relief package was approved by the House of Representatives on Friday]( as the first step for becoming a reality. Several well-known investors [believe that the relief package is too aggressive for an economy already on its way to recovery](. Inflation is something that worries such investors. This is undoubtedly a macroeconomic topic to monitor as the relief package goes through its approval process to the Senate and Biden's desk in the next few weeks. A Vote of Confidence So, what happened? Monday's winners were any company that is directly or indirectly involved in the cryptocurrency space. From Square (Ticker: [SQ]( to Microstrategy (Ticker: [MSTR]( and many other companies who either have parked their cash in Bitcoin or offer functionalities to enable buying, transacting or mining cryptocurrencies all got a boost of confidence from the new $1.5 billion Bitcoin whale. Former Mechanic Reveals His 3-Click, 6-Figure Trading System $39,800...$66,500...$158,600...These are the kinds of profits that a former mechanic is making by following a simple, 3-click strategy…A strategy that requires less than 60 minutes a week to execute. [Click right here to view the free training video for more details.]( (By clicking you agree to receive email updates and special offers from Market Traders Daily) Giddy Market So, what happened? The stock market started this week quite giddy. When the biggest loser in the market, Erytech Pharma SA (Ticker: [ERYP]( has only lost 17%, whereas the biggest winner in the market, Ocugen In (Ticker: [OCGN]( gained more than 170%, it shows how giddy and excited the market is. That's why it's hard to talk about a stock price drop that is attention-worthy. The Big Whale So what happened? Well, as we said, Elon did it again. The master storyteller kept the momentum going with the announcement that Tesla (Ticker: [TSLA]( has parked $1.5 billion of the company's cash in Bitcoin. [In its 10K filing]( the company confirmed buying an aggregate of $1.5 billion in Bitcoin throughout January 20201. It also announced that the company would accept digital currencies as a form of payment. If you have any questions, or suggestions let us know by emailing us at members@tradestocks.com. We look forward to hearing from you. Disclosure: Authors of this Scoop own shares of Tesla (Ticker: [TSLA](. Hoda Mehr is CEO and Co-founder of [Stock Card]( and the host of Renegade Investors podcast. She runs a community of 30,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: [Stock Card]( We want to hear from you. 🙏 How are we doing? Please do us a favor... reply to this email and let us know a.) which sections you like the most and b.) what you would like to see more of. We appreciate your feedback. Copyright © 2021 [Trade Stocks]( Our address is 580 Broadway St., Laguna Beach, CA 92651. To update your preferences or unsubscribe, [click here](. (You can also send your request to Customer Care at the street address above.) Â