Stimulus (Sentiment) Sunday – The America Rescue Plan.

A LOT of money is getting poured into the economy right now from the ‘America Rescue Plan’.

I don’t need any of it so I am hoping it gets to the right people.

My spending has to be down 50-80 percent this past year (I did just get my Gretzky and Jordan limited edition hoodies from Rally Rd). I know I will be spending more once I leave the house, but I have no idea how much and in what new ways.

Michael Batnick shared this chart of the personal savings rate right now:

Michael calls it the most important chart of the decade and you can read why in his post.

I look at the chart and see all kinds of ‘unintended circumstances’ and I want to be on the look for emerging trends in spending and behavior.

They will start showing up in the 52 week and all time high charts of public companies this week and all through the summer.

I plan on watching these lists as closely as ever.

Have a great Sunday…I am heading out on a long ride.

PS – some good reads on NFT’s and SPACs this week…

Blake Robbins here.

Justin is working on a startup in NFT space (I am a pre-seed angel) and he is writing about the sector daily right now.

The marketing wiz that is Seth Godin is calling NFT’s a dangerous trap.

Ted Seides on SPACs.