With weeks of uncertainty behind and still ahead for the stock market, it appears that traders are going back to what they trust the most: looking for postelection tech stocks to buy.
And as results for the election draw nearer, some investors have had to reshape their entire outlook on the future of the U.S. economy, taxes and interest rates.
U.S. stocks surged Thursday morning, with tech shares leading one of the sharpest weekly rallies since April. The S&P 500 and Nasdaq even managed to produce a record number of postelection gains, as investors zeroed in on the possibility of a split government once all the election results are in.
With it becoming more and more likely that a split congress will ensure political gridlock for the next couple of years, investors seem to agree on just one thing… and it’s that they need to figure out which postelection tech stocks to buy before the rally ends.
With so much uncertainty on Wall Street about the next president of the United States, there’s one thing I do know for sure…
And it’s that all investors should be looking at which postelection tech stocks to buy.
We’re a couple days postelection now and Nasdaq futures were up 2.5% Thursday morning, with the S&P 500 and Dow close behind it.
With all this upside going on in the stock market this week, I keep getting asked why stocks are continuing to go up after the election.
Once you start trading through enough presidential elections you’ll realize that no matter who is in the White House, the stock market doesn’t care.
If you take a look back eight years ago, you’ll see that when Barack Obama became president the market rallied… just as it did four years ago when Donald Trump took the office.
The Federal Reserve is controlling the market. When interest rates are low the money has to flow somewhere, which is why real estate and stocks have gone up so much.
But if you look at what led the way during the March lows toward the upside, it was the Nasdaq stocks in the technology sector. And with the anticipation of another wave of COVID-19 cases springing-up, I’d like to remind everyone exactly where the money flowed when the pandemic first hit: tech stocks.
Making now the perfect time to start looking at postelection tech stocks to buy…
Watch the video below to find out what postelection tech stocks to buy now, the ones I think will lead the way this holiday season and which names will help you finish 2020 strong. What do you think about the technology sectors most recent rally? Do you think the rally will hold strong, or do you think the Nasdaq will lose upside once the next president of the United States is officially announced? Let me know your thoughts in the comments below!
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