This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
Thursday, July 1, 2021
Value's year, but growth's quarter
The first half of the year and the second quarter of 2021 are officially in the books.
And as Wall Street analysts are wont to say — "Great quarter, guys."
But it has indeed been a great quarter for those following financial markets.
The first six months of the year witnessed the rise of the meme trade. Twice.
Shares of GameStop (GME) and AMC (AMC) have gained more than 1,000% and 2,000% this year, respectively.
An individual investor posting investment ideas on Reddit and YouTube testified before Congress.
Elon Musk hosted SNL.
The price of Bitcoin (BTC-USD) topped $60,000.
A digital currency started as a joke about an internet meme featuring a Shiba Inu (DOGE-USD) earned a market cap north of $80 billion.
Warren Buffett inadvertently let slip that Greg Abel will likely be the next CEO of Berkshire Hathaway (BRK-A, BRK-B).
And wood was one of the biggest characters in the market's story ("wood" meaning both lumber and Cathie).
Demand for just about everything, meanwhile, has exploded this year. Used cars, rental cars, chips, pilots, flight attendants, chlorine, shipping containers, and truck drivers are all in short supply and high demand.
The economy grew at an annualized rate of 6.4% in the first quarter. Expectations are that growth accelerated to a 9% pace in the second.
When 2021 began, COVID vaccines had only begun rolling out to select parts of the population. Now, more than 154 million Americans are fully vaccinated.
Against this chaotic backdrop, financial markets at-large look quite placid.
The S&P 500 closed Wednesday's session at a record high. The Dow and Nasdaq closed just below records. Each of these indexes recorded more than 18 record closes during the first half of the year.
For more on this article please visit:
[ Ссылка ]
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:
[ Ссылка ]
Subscribe to Yahoo Finance: [ Ссылка ]
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: [ Ссылка ]
Connect with Yahoo Finance:
Get the latest news: [ Ссылка ]
Find Yahoo Finance on Facebook: [ Ссылка ]
Follow Yahoo Finance on Twitter: [ Ссылка ]
Follow Yahoo Finance on Instagram: [ Ссылка ]
Follow Cashay.com
Follow Yahoo Finance Premium on Twitter: [ Ссылка ]
