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“Even a mistake may turn out to be the one thing necessary to a worthwhile achievement.” – Henry Ford
It’s looking like more pain may be in store for tech stocks to start the week as Nasdaq futures are trading down by more than 1%. As bad as that sounds, things were worse about a half-hour ago before comments from David Tepper through CNBC where he said he doesn’t see rates rising in the short-term and that therefore, equities look attractive.
Be sure to check out today’s Morning Lineup for updates on the latest market news and events, the passage of the COVID relief bill, Chinese trade data, an update on the latest national and international COVID trends, including our series of charts tracking vaccinations, and much more.
Last week was a painful one for the Nasdaq 100, but for the majority of other US indices, last week was a positive one with the DJIA up over 1% while the S&P 500 was up just shy of 1%. Following a month-long period of consolidation, all but two of the indices in our Trend Analyzer currently have good timing scores.