Rough Year? What to Expect in 2021
Readers respond to our informal survey about logging off social media in 2020…
“I never used Facebook because I always thought it was too intrusive with too much personal information which could be used to compromise my identity.
“I do, however, use WhatsApp as I can communicate with a single person or to small defined groups of people.”
Our next contributor says: “Yes, I logged off Facebook this year. I ‘deactivated’ my account but did not delete it altogether (yet). I also completely deleted Twitter.
“I removed the app from my phone so it wouldn’t be tempting to log back on. FB is a time waster, in my opinion, and I was fed up with their censorship.”
Along those lines, another reader says: “I figured ‘Wastebook’ for the scam that it was almost immediately, but I never quite figured out how they made money.
“I guess it’s true what they say: if a company doesn’t have a discernible product then YOU’RE THE PRODUCT!”
We’ll share more of your opinions next week…
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Friday, Dec. 18, 2020…
Tech Trend 2021
Today we give the floor to our colleague Ray Blanco who responds to a reader’s question…
“Do you see the market continuing upward heading into 2021? And will tech continue to lead the charge?”
Ray says: “I think the market continues to move higher headed into 2021. However, stocks will not go straight up. They never do.
“Never discount the possibility of down days, sideways days, even days of mild panic for stocks.
“But all things considered, from strong earnings to further stimulus hopes, COVID-19 vaccine rollout and the buzz around Tesla’s inclusion in the S&P 500…
“I would say the markets generally have a tailwind that could keep current trends in place,” says Ray.
“As to the second part of the question, will tech continue to lead? The answer is yes. Tech as a theme has, in short, taken over everything.
“Consider Airbnb Inc.’s (NASDAQ: ABNB) debut on Thursday,” Ray continues. Shares shot out of the gate up over 114% and ABNB closed with a market cap of $101 billion.
“ABNB’s a ‘tech’ darling, of course: a hospitality play that doesn’t own a single room, a vacation rental company that doesn’t own a single piece of vacation property… you get the idea.
“‘Tech’ stocks like ABNB are also often described as being disruptive and game changing. I know how tough it can be to separate the good names from the hyped-up ones,” says Ray.
“The point is if a company can fit a broad definition of tech right now, the market has an appetite for it. This makes finding new names to invest in fun and exciting.
“It’s also a reason to do diligent research and exercise caution,” he says. “Never fall into the trap of buying a stock just because you convince yourself it fits into some larger ‘tech’ trend.
Ray concludes: “I’m going to stick to our core ideas like biotech, satellite internet and electric vehicle battery technology to find our new investing opportunities.”
Market Rundown for Friday, Dec. 18, 2020
S&P 500 futures are 5 points to 3,717.
Oil’s down 40 cents to $48.76 for a barrel of West Texas Intermediate.
Gold’s down $2 per ounce to $1,888.40.
Bitcoin is up a modest $53 to $22,627.40.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
Enjoy your weekend! We’ll circle back Monday.
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