saw its sixth monthly gain in a row. It rallied more than 7% in April, closing the month at 13,860.76. The index is 2.5% below its all-time high hit last Thursday.falling almost 6% over the past month. It ended April at 1.62%His firm predicts the 10-year yield will hit 2% next month"We are just beginning a very aggressive GDP cycle, a very aggressive recovery. Typically, when you have growth and growth is abundant, you don't want to pay a premium for tech," he said.
Harvey believes investors haven't come to terms with the trouble inflation will create for Big Tech, growth stocks and the overall market. "We're going to start thinking about things like higher taxes. When do we taper? How high do rates go — assuming they go higher," said Harvey. "You can get a bit more choppiness."
Harvey plans to use any turbulence to his advantage. His strategy: Target groups well positioned to profit from inflation and a rapidly recovering economy.
TradingNation This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2019-2020 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 1,299% compare to IntrinsicValue!!!
TradingNation Its already happened. But tech is back again.
TradingNation This is the same guy who said Biden would be a disaster for the market. Techs are already beaten beneath evaluations while cyclicals are still accumulating debt.
TradingNation I’m buying tech tomorrow on this note
TradingNation After a brief reprieve, the rate on the 10 year Treasury note appears to be headed north...
TradingNation A plot of the $TRINQ with NDX (NDX is shaded area). $TRINQ has trended low (overbought), yet after Friday's selling, I am anticipate a stretch of growth. Somewhat ominous, though, is a chart of the 10-yr rate, which did pull back the last 3-4 weeks.
TradingNation Slight rotation, but techs are actually improving products and making better money in other sectors. Still buying on dips
TradingNation Tech stocks still have more potentials to grow faster and they should do well also
TradingNation More good news please(((
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Source: CNBC - 🏆 12. / 72 Read more »