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Pickaxes and Shovels
Coinbase is the largest U.S. cryptocurrency and digital asset exchange and is the first major crypto company to go public. With about 96% of Coinbase's revenue coming from transaction fees, some have compared Coinbase to modern-day suppliers of pickaxes and shovels from the gold rushes of the past. Speaking of gold, we mark this week in history and also take a look at employment figures from FRED.
Investment Class Underdogs Vs Top Seeds
Similar to college basketball teams, asset classes go in and out of favor. Investors should not solely focus on the highest performing asset class of the last quarter or year. Fundamentals, valuations, and long-term trends are also important considerations in investing. Jason discusses March Madness and compares Large-Growth to Small-Value investment classes over the last 15 months.
Suez Canal and Financial Planning
We know that one-off events and disruptions will occur in the economy and financial markets. Rather than spending time focused on the what and where, we believe it is better to be equipped with the tools; like having a plan, being focus on diversification, and understanding your time horizons.
IRS Extends Tax Filing Deadline
The IRS announced that the federal income tax filing due date for 2020 individual tax returns has been automatically extended from April 15, 2021 to May 17, 2021.
Services vs Goods Spending
We expect to see an increase in services spending in the coming months. In this video, Jason discusses the differences in economic recovery for goods versus services. Three drivers: economic stimulus, vaccine rollout, and service spending lagging.
Relief bill. Anticipated, not unexpected.
Financial markets have anticipated this latest round of economic stimulus, as it has for vaccine rollout and jobs recovery trends. Largely these are questions of when and not if.
Jobs and Prices - Be Patient
We discuss Powell's March 4th remarks and look at the employment and inflation metrics that guide the Fed's decision-making. The focus: how much of the economy is earning income, and at what speed and where is that income being spent