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.
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