In the past week, we have seen the Nasdaq and the S&P reach all-time highs. Since the covid crash, we have seen some massive movement to the upside. I believe there are several factors driving these markets up.
First, let’s look at the covid crisis and how it played a role. As a result of the shutdowns, the FED took a really aggressive stance with its quantitative easing measures. Lots of money printing to pay for massive stimulus payouts. The worse news we hear historically is that the markets will react sharply to the downside.
In this market, they did the opposite because many in the market viewed the bad news as a sign the FED will keep its foot on the gas with their aggressive quantitative easing. The markets love this as they see it as huge economic growth with less risk, even when things were shut down. Many people were at home and had nothing to do but spend their stimulus money. The markets loved this. That is why we saw massive growth in AMZN, FB, GOOGL, and MSFT. Other stocks favored from staying at home were ZM, NFLX, and TTD.
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