Where Stimulus and NASDAQ Money Is Rotating Into

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Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

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Midas Letter
Midas Letter
Where Stimulus and NASDAQ Money Is Rotating Into
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The S&P 500 and Dow Jones Industrial Average both closed at record highs to start this week. Nasdaq-100 also moved within range of last month’s record high. It seems there is a rotation happening underneath the surface as money is rotating out of overbought stocks to undervalued lagging plays.

Sectors like energy have replaced tech as the leader of the main indices. Energy is up over 80% in the last four months. This can be seen just by looking at the price at the gas pumps.

As the economy tries to return to normal travel, airlines, cruises, and hotels have all seen a pop in prices. 15% of U.S. adults are now vaccinated, and people want to get out of their bubbles and spend some much-needed time on vacation.

Watch the full interview to see where we think the new stimulus money will flow and what to invest in as the Nasdaq-100 price hovers between 200-day and its 50-day moving average.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.