Technology stocks continued to lead other sectors, with the widest gap in performance in 30 years. Substantial monetary and fiscal stimulus over the past five months helped elevate stocks in addition to better than expected earnings for various sectors and industries. Some analysts believe that it has become a policy driven market, rather than economic driven, meaning that interest rate policy and tax policies are becoming more consequential.
Kent G. Forsey, CFP®
Sources: Bloomberg, Reuters, OneBlueWindow, LLC©