Biotech and cloud based stocks don’t care about the Pandemic.
They care that Jay Powell went on 60 minutes last night and said America has the best printers and the best green ink.
Ivanhoff and I did our Momentum Monday show earlier Sunday and did not know Jay was about to light another match, but biotech stocks and cloud based/digital stocks have been acting ‘as if’ for a while now.
Don’t fight the FED is not working for old economy stocks as banks, airlines and retailers continue to teeter and get sold.
Be careful which stocks you chase and which stocks you own.
Have a great week.
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