The Nasdaq-100 hit new highs today as investors rotate back to major growth names like Apple and Amazon.com. They’re also selling value stocks like financials and inflation plays like metals and energy. The sharp rotation comes one session after the U.S. Federal Reserve indicated it may raise interest rates sooner than expected.
Sarah discusses the price action with David Russell of TradeStation. He considers the strength of Big Tech earnings last quarter and the potential for growth stocks to lead the market in coming weeks. They also cover smaller areas that may benefit in the current market, including biotechnology. Has the inflation scare already run its course? Watch today’s show for answers.
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