Every night before I go to bed, I say to myself, “what headline news are we going to wake up to tomorrow?” As quoted from the iconic movie Forrest Gump, “Life is like a box of chocolates, you never know what you are going to get,” sums it all up for me. This should be the tag line for the last twelve months. This past year has been quite unusual to say the least, from a pandemic, the second impeachment trial of former President Trump, the Bitcoin frenzy and to FAANG stocks ruling the world.
The White House has announced three new mass vaccination sites in Texas. Collectively, these sites will be able to administer up to 10,000 shot per day. The Biden administration has plans to open similar sites in more states in the coming weeks. According to the CDC, the U.S. is giving more than 1.5 million doses of the coronavirus vaccine a day. As of today, approximately 34.7 million people have received at least one does of the vaccine, including about 11.2 million have been fully vaccinated. Recent data shows that the average number of daily cases and deaths are on the decline. See chart below:
Source: 02/11/2021 New York Times
The second impeachment trial to convict or acquit former President Donald Trump resumed yesterday. Both sides are laying out their cases in front of the Senate and the trial should end by next week.
Bitcoin (BTC) has been making headlines in recent months in the cryptocurrency space. The GameStop roller coaster of small retail traders and the power in numbers has awakened these investors coming from the crypto world. Bitcoin was created twelve years ago as a decentralized currency that would be free from the interference of bankers and other middlemen. Now, mega companies like Tesla (TSLA) are buying Bitcoin and may accept it as payment for purchases of their cars. How many more companies will follow suit? It is too soon to tell.
With the FAANG stocks, (Facebook, Amazon, Apple, Netflix and Google) crushing earnings season, who will be the largest company in the United States at the end of 2021? Anyone of them has enough cash, we will all be here to watch and see.
I do believe in the tag line, “Life is like a box of chocolates, you never know what you are going to get”. We must take the information we have and make the best decisions possible in the environment we are in. Never panic and always think long term.
I am excited to announce that we have created our very own YouTube channel. We have been producing educational material for clients and their families during this past year, and decided to host all these vides on YouTube. Click here to watch and share with your family and friends.
Our offices will be closed on Monday, February 15, 2021, due to the market closure in observance of President’s Day. If you have any questions or would like to schedule a ZOOM meeting or conference call, please call our office (888) 253-0288 or email Sunni at Sunni@apriem.com.