Mottek On Money (Weekend of February 6th, 2021)
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Description
Stocks rack up a five day winning streak, the longest since August, and wrap up the week before Super Bowl Sunday at or near record highs. President Biden's $1.9T pandemic rescue package moved forward in the U.S. Senate and the latest encouraging news on vaccine distribution helped propel the market higher. The so called Reddit Rally stocks saw a volatile week with GameStop shares closing up 19% on Friday but posting a loss of 80% for the week. Analysis of the latest market action from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. www.beanstox.com Los Angeles gas prices surge as the price of oil nears $60/barrel, the highest since before the pandemic crisis. The outlook for consumers and investors from oil analyst John Kilduff, Founding Partner of Again Capital, CNBC contributor. The vaccine rollout accelerates. The latest from Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. www.milkeninstitute.org/centers/fastercures Could be another volatile week for GameStop and other stocks that have been wildly popular with retail investors. Market veteran Michele "Mish" Schneider, Director of Education and Research at www.MarketGauge.com discusses the Reddit Rally and what might be ahead. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.
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