Posted on 04/01/2021 8:23:30 AM PDT by SeekAndFind
Stocks traded higher Thursday, extending gains in another record-setting day on Wall Street.
The S&P 500 gained about 0.7% shortly after the opening bell, breaking above 4,000 for the first time ever. The Nasdaq outperformed to rise more than 1% as technology stocks jumped. Shares of electric-vehicle stocks including Workhorse Group (WKHS) and Plug Power (PLUG) increased after President Joe Biden discussed the details of his more than $2 trillion infrastructure plan, which would include building out half a million EV charging stations.
Thursday's session marks the first of the second quarter and of April. Historically, the month has been fortuitous for equities. Stocks have closed April higher in 14 out of the past 15 years, and since 1950, it has been the second best month for stocks, according to an analysis by Ryan Detrick, LPL Financial chief market strategist.
Heading into the second quarter, stock leadership has tilted strongly in favor of cyclical and value stocks, which have earnings most closely tethered to the broad-based reopening of business across the U.S. economy. The energy, financials and industrials sectors have outperformed in the S&P 500 for the year-to-date, while last year's winners – like the information technology and communication services sectors – have lagged by comparison. Many analysts think this trend will continue into the coming months.
"I think we’re going to see more of the same in terms of market leadership. This is an environment in which the economy is likely to accelerate,” Kristina Hooper, Invesco chief global market strategist, told Yahoo Finance. “And I think that means that we’ll see continued outperformance of areas like energy, like financials, like consumer discretionary, material, industrials — those areas of the stock market that are most sensitive to the economy.”
(Excerpt) Read more at finance.yahoo.com ...
Gravy for everybody!
(I’m done fighting, I want to tap into it)
The markets are inflating at the sight of Biden’s infrastructure plan.
Sort of what happened just before the great fall in October of 1929.
All the corporate welfare. Get on the gravy train now. It will crash.
Pigs to the trough.
Huge crash coming soon courtesy of the hedge funds. Janet Yellen had a CLOSED door meeting yesterday (after the stupid open meeting about global warming) to discuss hedge fund activities that endanger the entire market.
Archegos, Nomura, Credit Suisse— tip of the iceberg. Michael Burry (the guy who predicted the market collapse in 2008) has been talking about this for months). Forewarned is forearmed....
Party Pooper!
I lived through plenty of crashes. The same thing has happened after each one. Fortunes are made from crashes and lost in booms. Diversify and prosper, and ignore the fear-porn that’s been around forever.
The stock market is rising because of two things: 1) They are flooding the country with electronic money and it has to go somewhere and 2) Major corporations are growing as small businesses die in a government chokehold.
Inflation can only occur in stuff which can not be imported easily. Such as land, houses, utility rates, health services (in person), Lawyer service (in person), property taxes.
Other stuff like clothes, shoes, electronics, cars, house hold goods, etc can not be inflated much because Asia factories are running below capacity.
Who cares what the reasons are for stocks rising? Jump on the train or be left behind in the station.
Shovel ready?
The stock market is rising because of two things: 1) They are flooding the country with electronic money and it has to go somewhere and 2) Major corporations are growing as small businesses die in a government chokehold.
That, and the expectation of a very strong economic recovery this year and next. The markets always move based on earnings expectations that are 6-9 months in the future.
Does this mean there are some tendies on the moon? 🚀
I remember the doom and gloomers after 2009 saying the market will never reach 10,000 again in our lifetime.
I made 57% on one AIG fund when the market went down in Feb 2020 to end of December.
I would like to see another healthy correction.
Doom and Gloomers and crash hopers are all people who don’t invest. They want everything to crash because they are jealous of hard workers, business owners and investors.
This type of person has been predicting crashes forever and they always will. Meanwhile, over the last 45 years while they have constantly predicted crashes (often correctly), I started my own business with $150 and am now a multimillionaire, and it took about 40 years of ups and downs.
Because there’s this weird thing that happens after crashes. It happened after the crash of 74, the crash of 85-90, the huge crash of 2007, and the crash of last year. The secret is to have the courage to work and invest anyway.
My first business partner went from $4 million net worth to completely broke and bankrupt between 1979 and 1985. He picked himself up and was a millionaire again in about 7 years. He’s happily ‘retired’ now, as am I.
Get in the game, you may win or lose. Don’t get in the game you lose, period.
Which explains the attraction of Communism, knowing that the "trees will all be made equal."
You got it exactly. No risk, no worries, a lousy life and a poor society.
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