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#DowJones #NASDAQ #SP500
Leadership has changed in the markets
Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like #Square #SQ have more than tripled in share price while the S&P 500 is up 40%
Leadership has changed in the markets
Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like #Square #SQ have more than tripled in share price while the S&P 500 is up 40%
However, in the last few weeks this has changed. Former market leaders like #SQ or #Shopify #SHOP have been trading sideways
Meanwhile, industrial plays like @FM_FCX #FreeportMcmoran #FCX and #JohnDeere #DE have barely corrected at all, soaring to new highs.
Meanwhile, industrial plays like @FM_FCX #FreeportMcmoran #FCX and #JohnDeere #DE have barely corrected at all, soaring to new highs.
The market is sensing that the next major move will be driven by fiscal spending and the @realDonaldTrump #Trump administration’s coming infrastructure program
