Transcript
Hello, everybody, welcome to Thursday, the S&P 500 was down almost .4% today, but we did pretty well across the board. On average, our accounts are actually up today, which I really like I love when we’re up one in a down, in a down market. And it was really led by the Genomics and the Advanced Healthcare pieces, which which were up like four and a half, to three and a half percent. And the Innovative Technology components, you know, Clean Energy is looks like it’s kind of taking the week off, at least is sort of going sideways, which is fine.
But Clean Energy was the big, big winner last week. And I think the big story, in terms of the stock market to talk about, I guess one of the interesting things that I’m finding right now is that the stock market is pretty far down on the list of things that are interesting right now, you know, the political arena is quite amazing right now, obviously. And of course, the virus is you know, going and your results from, you know, people taking the vaccine, and then we’ve got the stock market, but the part of the stock market that I find very fascinating right now is the stimulus that they’re talking about.
So Biden’s going to give a national address 7:15 Eastern Time, and talk about probably a lot of things, but one of the things supposedly is going to be this potential $2 trillion stimulus package. So that’s a really big deal. The last time they did a $2 trillion package was back in March of last year. And combined with the Fed’s actions and the Treasury actions, we saw a really good market out of that they just signed a $900 billion, you know, stimulus bill in December. So I think these types of things are going to really provide additional support to the market, and you’re going to continue to see things potentially do well, again, you know, they’re talking about money going to the states and municipalities, which would be a stimulus to the market, I believe, money is going toward the vaccine development, which again, I mentioned, the number one thing we have to watch for is the vaccine, you know, rollout and making sure that to work.
So I think that can be a big deal. And then they’re talking about the $2,000 stimulus. And I’ve heard both that they might do $2000, more or $1400 more, because they’re just about to do $600 from the last bill. So, you know, we’ll see what happens there. You know, it’s a little early to tell what’s truly going to happen. But I will say the market is going to already start to move on this news, we are going to continue to see these things do well. And probably the reason that we saw such a huge move today in our Advanced Healthcare is because the component of the talk that’s supposed to be about the vaccine distribution and more money going towards the vaccine distribution to get that out faster and what have you, which obviously is quite profitable for companies like Moderna, which we have, obviously, in our portfolio with the Advanced Healthcare components. So I think you know, this could be a really exciting time so far. We’ve had a great year already. It’s only you know, the second week here, but let’s see what happens tomorrow. Thank you very much.