Biotech and cloud based stocks don’t care about the Pandemic.

They care that Jay Powell went on 60 minutes last night and said America has the best printers and the best green ink.

Ivanhoff and I did our Momentum Monday show earlier Sunday and did not know Jay was about to light another match, but biotech stocks and cloud based/digital stocks have been acting ‘as if’ for a while now.

Here is this weeks show.

Don’t fight the FED is not working for old economy stocks as banks, airlines and retailers continue to teeter and get sold.

Be careful which stocks you chase and which stocks you own.

Have a great week.

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures, click here.