Right now, bitcoin and other crypto‘s are doing extremely well.
In addition to the cryptocurrency market doing well and bitcoin reaching the $50,000 mark, the stock market is also very strong today.
It appears that Ethereum has a lot of potential in addition to the recent FDA approval of a Pfizer shot to respond to the pandemic.
The upcoming meeting of the federal reserve in Jackson hole Wyoming is hanging over the market as we prepare for what will happen during the next week.
Also, inflation numbers are coming out as well which will allow us to determine if inflation is permanent or transitory.
Also, consumer spending is extremely strong, giving companies tremendous amounts of price in power which is good for the stock market.
On a related note, It was determined that over 1/4 of all investors didn’t start investing until the year 2020.
This shows that the stock market is full of users who are relatively young who may leave the market if there is a bear market in the future. One other thing about Robinhood and all the other investing apps is that they’ve attracted investors who haven’t yet experienced a full bear market and may not be aware of all the risks of stock market investing.
To learn more about stock market investing please visit my stock market investing class at
#DrBoyceWatkins #stockmarket #blackwealth
#BoyceWatkins