A Slap in the Face: The Impact of the Stimulus Package

The big news this week was that Congress finally came to an agreement on Sunday — and it was a slap in the face. WealthPress Head Trader Roger Scott and I sat down this week to talk about Tesla, Christmas and the impact of the stimulus package.

With Christmas just a couple of days away, we were all hoping for some sort of payout to take some pressure off as the pandemic continues. I wish I had a magic trade in my back pocket for you today.

I’m sorry, guys.

When the announcement came over the weekend, we got excited… for a second. Then we read the details and this week we’ve seen the impact of the stimulus package on the stock market.

People were disappointed, and rightly so — $600 feels like, I’ll say it again, a slap in the face to taxpayers.

With little chance of a Christmas rally, I think all of us were ready for some good news, and that wasn’t it. 

It may not all be doom and gloom, though.

Moving on From the Impact of the Stimulus Package

As disappointed as taxpayers must be, the stock market doesn’t stop going forward. It has already moved past the stimulus.

That means that we have to move on as well. We have to adapt to the market in order to succeed.

The impact of the stimulus package might have been small, to say the least. There are still ways to make money and prepare yourself. As we’ve said a lot, we’re in a bubble right now, and it looks close to bursting. 

Luckily, Roger and I have some ideas on how you can make some money right now, and get ready for that burst.

Check out our mid-week roundtable as we give you our thoughts on moving past the impact of the stimulus package, or lack thereof.

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