President Biden’s Tax Policy Comes Into Focus

newmoneytrader | March 18, 2021

With every new administration comes a new vision for policy and every President wants to make a statement. After President Trump’s sweeping tax cuts in 2017 it appears that President Biden is planning the largest tax hike in almost 30 years. As clarified by the White House Press Secretary Jen Psaki Biden’s statement that “no […]

Week In Review: February 26, 2021

New Money Traders | February 26, 2021

Yields Rising on the 10-year Treasury  Over this week the yield 10-year Treasury has risen dramatically causing a fairly sizable market sell off yesterday. Currently the 10-year Treasury is 1.45% after reaching a height of 1.6% in yesterday’s session. (Note yields and prices of bonds are inverse) During yesterday’s trading session the 10-year reached a […]

Bitcoin Bonanza

New Money Traders | February 19, 2021

Bitcoin Cracks $50,000 The world’s preeminent cryptocurrency has been on a phenomenal rise over the last year. Per one year ago Bitcoin was trading at around $9600 per coin, now one year later a single Bitcoin is now just around $53,000. That is a 5.5x increase in a year. That is an unheard of […]

Week in Review: 2/5/21

New Money Traders | February 5, 2021

Private Payrolls Grow  Private, nonfarm, payrolls are again increasing in America. More state and local leaders are reopening their economies. However, economist Robert Frick cautioned, “Though we gained jobs in January after a December loss, this is not a we’ve-turned-the-corner report,”. Retail and hospitality are still suffering losses. Businesses in these very hard hit industries […]

The Week in Review: January 22, 2021

New Money Traders | January 22, 2021

President Biden Inaugurated as the 46th President of the United States  The United States ushered in a new President on Wednesday, and president Biden got right to work signing Executive Orders and Actions. The aim of these was to eliminate or reverse similar orders of the previous administration. This is a common practice when a […]

January 15, 2021: Week in Review

New Money Traders | January 15, 2021

Bitcoin Goes on a Wild Ride  The World’s preeminent cryptocurrency is in the midst of a bull run. However, that doesn’t mean the traditionally volatile asset hasn’t seen a topsy turvy climb. Bitcoin is trading at around $37,000 per coin at the publication. Recently Bitcoin surged to $42,000 then dropped 30% overnight in a massive […]

January 8, 2021

New Money Traders | January 8, 2021

Democrats take control of the US Senate The Georgia senatorial run off elections took place on Tuesday. The GOP was hopeful that it could retain the Senate, however that would not be the case. Both of the Democratic candidates won and now the split between the parties in the chamber is 50-50. The Vice President […]

Newsletter Dec. 28, 2020

New Money Traders | December 28, 2020

2021 Outlook and President Biden  The year is drawing to a close and with it a dawning of new US Presidential administration. The stock market saw record gains under the Trump administration. But will Wall St. maintain the torentail pace it has been on for the last several years, or will it slow under the […]

The U.K. Becomes the First Nation to Approve Pfizer’s Covid Vaccine

New Money Traders | December 2, 2020

The British government approved the Pfizer-BioNTech vaccine for emergency use on Wednesday December 2, 2020. This marks the United Kingdom as one of the first nations to begin vaccinating their citizens for Covid-19. As with other nation’s plans for a vaccine roll out, in Britain, it will go to frontline healthcare workers and people in […]

Markets Soar On Vaccine News

New Money Traders | November 10, 2020

Pfizer announced on November 9, 2020 that their vaccine has passed a stage 3 clinical trial and is 90% effective. One week later Moderna announced its own vaccine is 94% effective. This news causes the markets to skyrocket, having one of the best single trading days of all time. There was still great uncertainty for […]

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