Stocks Hit New Highs as Growth Makes a Comeback. Watch The Market Today

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The S&P 500 hit new highs today as investors rotated from value stocks to growth. In particular they’re returning to biotechnology, which has mostly lagged the market in recent quarters. Traders have also looked past a higher-than-expected inflation reading, apparently accepting the Federal Reserve’s view that prices will calm as business returns to normal.

Sarah discusses the situation with David Russell of TradeStation. He explains how the inflation shock may be already starting to ease and how price increases may ultimately boost corporate earnings. They consider the impact for next week’s Fed meeting. Sarah and David also explore companies that may benefit from the current backdrop, including prominent names and some newer industry groups.

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