There’s been a lot going on not just in politics, but in the market as well. In today’s market update video, we’re going to take a look at the main reasons why the market has taken a sharp incline to close out the week.
And while so many traders and investors are thrilled with the big boost, I’m going to advise caution.
There are some big potential stumbling blocks that could put a major damper on the rally we saw this past week…
It’s been an important week, not only for our country, but the stock market as well.
Big tech has particularly been in the spotlight.
With all of the uncertainty surrounding the election early in the week, I joined Neil Cavuto on Fox Business to discuss the reasons why tech stocks seemed to be rallying so well after last week’s rout.
As I see it, the unfolding results of the election is the main driver of the tech stock rally. I explained exactly why I believe that’s the case, and why it’s likely to continue for the tech sector.
We also took a quick look at an unusual occurrence. Even though the market was up strongly, the yield on the 10-year Treasury bonds were falling, indicating a flight to quality from lots of investors. We examined exactly why this phenomenon is occurring, as well as why placing your money in bonds isn’t your best bet right now.
Click below to watch and learn what is.