Pinion Update February 6, 2021

Pinion Update February 6, 2021

Good morning, Zach co taught here with Keiko Eisen Well, this year seems to continue to throw a few curveballs, especially in the stock market. Over the last couple of weeks when we saw GameStop, AMC, Nokia and others get a fresh new wind from all the folks with Robin Hood trading account, who decided to not only dip their toes, but jump full force into the thick of the stock market and run the price of these shares to unprecedented levels. These averages caused quite a stir on Wall Street and got a lot of folks worked up. Of course, this past week, it seems fun may have faded for now as we’re coming back to reality. And the ag markets. We have been on quite the ride since September. And it seems that the news wants to remain friendly. We’ve got a few hurdles in front of us first one being another USDA report on Tuesday, as well as insurance price being set this month. We’ve got the planting intentions report at the end of March as well as the big questions of the Chinese buying and South American weather. We had a number of single bullish items all fall right into place this past year. And we continue to keep getting friendly headlines to keep the bulls fed. Like every market, that news is never more bullish winner at the top and or at the bottom, it can only go lower. And we won’t know where at either spot until it’s too late. For instance, look at gamestop any sane person would have thought that we need to sell it when it got to 350. But it looked like it was going to 500 at the time. So hang on and miss opportunities even now when we’re just under $100 a share. Why sell here when we’re just up there. Even though this is still a great price for a stock that’s been a lot of its time in the single digits in recent history. That’s where we’re at in the green space. Can we keep going higher? Certainly. And it looks like we probably will. But maybe we need to take a step back and look where we’re at. We’re at the highest prices we’ve been at seven years. Now I’m not saying throw in the towel and be done. But respect this move that we’ve seen but also respect the upside. And there’s tools out there that allow you to do that. If you’d like to discuss these topics or any markets, give us a call at 888-452-8751 I’m Zack go have a productive day.

Bookmark the permalink.

Comments are closed.