Stocks and Bitcoin could get a $40 billion influx of stimulus cash: At the Open

seekingalpha2021-03-16

A slight bid remains in stock futures after late buying on Monday brought about new record closes. The 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day...

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Comments

FuJie1010
2021-03-18
FuJie1010
So the Market is expecting a spike increase in interest rating soon ... meaning it will be good for Bank Stocks & BTcoins stocks
HarimauZack
2021-03-16
HarimauZack
Nicre good
ADL
2021-03-16
ADL
Lets hope people have planned out their finances
Yakone
2021-03-16
Yakone
Riot ?
DenDenBear
2021-03-16
DenDenBear
Good read
DenDenBear
2021-03-16
DenDenBear
Good read

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But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.\n(NYSEARCA:SPY) +0.2%premarket,(NASDAQ:QQQ) +0.6%,(NYSEARCA:DIA) +0.1%,(NYSEARCA:TBT) -0.4%,(NASDAQ:TLT) -0.1%\nAnd as direct stimulus checks start arriving in bank accounts, markets can expect to see a sizable portion of stimulus funds, according to a recent survey.\nMizuho Securities surveyed 235 people who expect to get checks, with 20% expecting to allocate up to 20% of the checks to Bitcoin (BTC-USD), stocks or both. In addition, 13% would invest up to 80% and 2% would invest 80% of more.\nAbout 10% of $380B sent out in direct checks could be invested, approaching $40B, according to Mizuho.\n\"Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on bitcoin from stimulus checks,” Mizuho analysts Dan Dolev and Ryan Coyne wrote in a note, according to MarketWatch.\nAs this year's tax refund season gets underway, a portion of those checks, in many cases larger than the $1,400 payments just sent, could also find its way into the markets.\nDataTrek Research notes:\nThe average refund size is down just 0.7% from 2020 at $2,990.\nTax season is off to a slow start, with 25% fewer returns filed, which will delay refund checks.\nThe number of refunds is down 32%, more than the decline in returns, which \"points to the possibility that many Americans who customarily get a refund will not receive one this year.\"\nAbout $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":324446155,"gmtCreate":1616027661277,"gmtModify":1704789868690,"author":{"id":"3569319160707763","authorId":"3569319160707763","name":"FuJie1010","avatar":"https://static.tigerbbs.com/95099c51f8498b56c3973ded1570fc6b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569319160707763","authorIdStr":"3569319160707763"},"htmlText":"So the Market is expecting&nbsp;a spike increase in interest rating soon ... meaning it will be good for Bank Stocks &amp; BTcoins stocks","listText":"So the Market is expecting&nbsp;a spike increase in interest rating soon ... meaning it will be good for Bank Stocks &amp; BTcoins stocks","text":"So the Market is expecting a spike increase in interest rating soon ... meaning it will be good for Bank Stocks & BTcoins stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324446155","repostId":1152144890,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325581904,"gmtCreate":1615906325508,"gmtModify":1704788331206,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"htmlText":"Nicre good","listText":"Nicre good","text":"Nicre good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325581904","repostId":1152144890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325530410,"gmtCreate":1615905355930,"gmtModify":1704788301150,"author":{"id":"3572161139823685","authorId":"3572161139823685","name":"ADL","avatar":"https://static.tigerbbs.com/46f309a3de1b3b77e46ca01bc05767be","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572161139823685","authorIdStr":"3572161139823685"},"htmlText":"Lets hope people have planned out their finances","listText":"Lets hope people have planned out their finances","text":"Lets hope people have planned out their finances","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325530410","repostId":1152144890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325255757,"gmtCreate":1615903487479,"gmtModify":1704788244836,"author":{"id":"3576705054510667","authorId":"3576705054510667","name":"Yakone","avatar":"https://static.tigerbbs.com/316caf7d1efee5783b3ae6d5e523c41c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576705054510667","authorIdStr":"3576705054510667"},"htmlText":"Riot ?","listText":"Riot ?","text":"Riot ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325255757","repostId":1152144890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325252481,"gmtCreate":1615903447743,"gmtModify":1704788243703,"author":{"id":"3576147606699436","authorId":"3576147606699436","name":"DenDenBear","avatar":"https://static.tigerbbs.com/01e983ba302bc271159224fa4bb390e6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576147606699436","authorIdStr":"3576147606699436"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325252481","repostId":1152144890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325252074,"gmtCreate":1615903434198,"gmtModify":1704788242576,"author":{"id":"3576147606699436","authorId":"3576147606699436","name":"DenDenBear","avatar":"https://static.tigerbbs.com/01e983ba302bc271159224fa4bb390e6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576147606699436","authorIdStr":"3576147606699436"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325252074","repostId":1152144890,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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