To gain an edge, this is what you need to know now.
Clarida Ignored
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows a stampede into tech stocks by the momo crowd.
- The momo crowd is also stampeding into momo stocks, especially EV stocks, and stay-at-home stocks.
- There is a bifurcation in the market. Smart money is selling. DJIA is down while QQQ is up.
- There is an important development. The Fed Vice Chair Richard Clarida stated that it may be appropriate to speed up the taper due to surging inflation.