What Happens When Trader Optimism Runs Rampant?

The Dow added over 170 points on Thursday

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4/01/2021 Have you seen our volatility scorecard? Sign up by clicking here! S&P 500 Settles Above 4,000 as Optimism Gains By: Lillian Currens Stocks finished the week out on a high note, with the S&P 500 toppling the 4,000 level for the first time ever, before eventually settling comfortably above the benchmark. The Dow and Nasdaq followed suit, as the former logged a triple-digit pop and the latter got a boost from Big Tech's strong rebound. All three indexes logged weekly wins as well.  President Joe Biden's infrastructure spending plan was in focus today, and investors appear to be reacting favorably, though some concern over the plan's proposed tax hikes is rumbling through Wall Street. There was plenty of data to unpack today, too, while traders brushed off worse-than-expected weekly jobless claims, to focus on a massive jump in U.S. manufacturing activity to 64.7 -- its highest level in 38 years. U.S. markets will be closed tomorrow in observance of Good Friday and the Easter weekend. Continue reading for more on today's market, including: What happens to stocks when optimism runs rampant in an outperforming market.  Unpacking Pfizer's latest vaccine update, and why its stock could still struggle.  Plus, what sparked OKTA's selloff; TSM's chip-shortage solution; and the acquisition news sinking KMX,  Share on Read More...       Is this Seattle Penny Pot Stock a Potential Blockbuster? A small, rapidly expanding Seattle cannabis company is gaining attention from investors. Founded by two cannabis veterans, the company has increased sales 8-fold and is looking to double sales again in the next two years. Now selling for less than $1 per share, this is an opportunity to acquire thousands of shares - a potential windfall. Get Free Report on #1 Cannabis Pick for 2021 Sponsored In Case You Missed It... The Week Where New York Legalizes Recreational Marijuana NTEC and GNLN being investigated on claims relating to each firm's proposed mergers Buying the Dip on This Overlooked E-Tail Stock MELI is up 236% year-over-year Unpacking Okta Stock's Recent Selloff Okta stock is still up 91.5% over the past 12 months despite the recent selloff Stocks Score Big Gains During Short Week All three major indexes notched weekly, monthly, and quarterly wins This Could Spark New Pot Stock Boom With Democrats now controlling both houses of Congress and the executive branch, cannabis decriminalization on the federal level could be months away. This could result in established Washington State weed companies being able to market across state lines -- setting off a bidding war for quality stocks at reasonable prices. Get All the Details on #1 Stock for the Coming Interstate Cannabis Bonanza Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View Midday check-in → Midday Market Check Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.