‘Stimmy’ Is Setting Stage for Next Wave of Retail Stock Frenzy
- Most Americans poised to get $1,400 as soon as this weekend
- Small-time investors could help the Nasdaq 100 bounce back
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Money from the government is poised to rain down as soon as this weekend for most Americans. And while many cash-strapped families will use funds from the $1.9 trillion pandemic-relief bill to cover rent or past-due accounts, another cohort may use the $1,400 payments to ignite the stock market’s next retail frenzy.
“I probably will take about half of it to invest into stocks,” said Iyana Halley, a 28-year-old actor who recently appeared in NBC’s television drama “This Is Us.” The Los Angeles resident remains on the fence about which equities to buy, but has been keeping a close watch on social media and seeking guidance from a friend she trusts.