1.14.2021

Cathie Wood's ARK Invest Plans 'ARKX' space exploration ETF to tap the growing industry - CNBC

"While the ETF's constituents have yet to be announced, shares of space companies Virgin Galactic and Maxar Technologies each jumped more than 8% in after hours trading."

 

Is Bitcoin Boom a 'Better Gold' or Just Another Bubble - Bloomberg

"Bitcoin investors are having a wild ride. The best-known cryptocurrency quadrupled in price in late 2020 -- a surge reminiscent of its heyday three years earlier, when it rocketed to nearly $20,000, then crashed and lost more than two-thirds of its value."

Stocks Are Less Driven by Macro Forces. Keep Stock Picking. - Barron's

"Since the market's March 23 bottom, the S&P 500 has risen 70%, but the Invesco S&P 500 Equal Weight ETF (RSP), an index that isn't weighted by market capitalization, is up 85%. That reflects a broad rally across sectors."

Note: Dismissing the same old headline about now is the time for stock picking, equal weighting (or any weighting that captures the 'size' factor in our opinion) does have merit in the current market environment and is reflected throughout our ETF Action AIM Model Portfolios.

 

Etsy's Cup May Have Runneth Over - WSJ

"Shares of online marketplace Etsy soared on Tuesday, closing up 12% after Jefferies analyst John Colantuoni published a report noting continued acceleration in traffic trends for November and December. Etsy's stock has more than quadrupled over the past year. The seller of homemade goods is now valued at more than $23 billion, well over half the value of eBay, despite the fact that it is predicted to generate less than 20% of the sales of its consumer-tech peer in the fourth quarter."