Technology are rising again but financials falling. Same central thesis on the reconsideration of the Trump presidency continues to apply as investors find the valuations of the bloated tech giants to be 'cheap' given the rate of growth compared to other sectors. We also believe rates in the USA are not going higher when the rest of the world is at 0% or near 0%, despite the need for Yellen to hold inflation in check with threats and nominal gestures.
Again, the 'growth-ier' sectors of the market like technology seem to be the sectors raging forward like a salmon swimming upsteam. Get on that salmon. Tesla (TSLA, $339.77) is up again big with now a market cap of $55.81 Billion, up 1900% from their IPO price. While the favorable tax policies were once believed to help the smaller and medium sized businesses, now any potential tax policies have been eradicated, and investors are picking the champion that won the previous round, and that's the large tech giants.