Either growth stocks stabilize, resume higher, and lift the rest of the market with it, or the recent weakness beneath the surface will bring down the overall market.
If you hypothetically had the earnings reports of Amazon in advance, you never would have imagined that they would all close negative the next day.
We will likely see tax selling prior to this because 2020 was a strong year for the markets, and many people will have capital gains taxes to pay by this date.
It wouldn’t be unreasonable to see a normal correction or some technical digestion before heading higher later in the year.
Any minor pullback would shake out some of this excess bullishness, as investors are still quick to rush out the door when the market starts to drop.
The economy continues to return to normal, earnings are improving, and the Fed is still providing a tremendous backdrop for the market.
If you are a shorter-term trader, using lighter positions could help reduce volatility, especially if growth stocks correct greater than the market.
Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities.
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SEATTLE -Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage, saying they had reached an agreement on how to divide their assets.