The Nasdaq has taken a breather over the past few weeks…
In case you don’t know, the Nasdaq is a large market-cap-weighted index that mostly tracks technology and internet-related companies.
You can thank the recent inflationary pressure for that one, folks.
But now many investors and traders are asking me if it’s the end of the wild bull run we’ve witnessed over the past decade or not.
So in today’s video, I’ll show you what trading action you can expect to see over the next few weeks. And be sure to stick around until the end because I’m also giving away two smaller growth stocks to target in 2021.
I believe the next leg of the record long bull market run is actually just getting started — especially given the massive $1.9 trillion economic stimulus bill that was just approved.
If you take a look at most major indexes, they’re either at or near new highs right now. And the only stocks showing some stress are the ones that skyrocketed during the stay-at-home environment that’s been heating up large-cap tech for nearly a year.
I understand why many investors are concerned that the pullback in large-cap tech will spill into other sectors.
But my response to that is simple: What we’re seeing is a healthy correction.
And once next quarter’s earnings come out… Assuming they’re better than expected, investors who are nervous about the earnings-per-share yield on large-cap stocks will feel safer about the return vs. the yield from the bond market, which have been rising and causing pressure on tech.
I expect momentum levels over the next few months to subside, which needs to happen before large-cap techs can go higher.
But as far as today, I want to talk about two smaller growth stocks to target in 2021 I believe will outperform the broader markets.
And because they’re smaller stocks, both of them are a little bit under everyone’s radar.
So check out my short video below to reveal the two smaller growth stocks to target in 2021, and be sure to share your thoughts in the comments section below.
And as always, don’t forget to subscribe to my YouTube channel if you haven’t already so you can be notified as soon as I post my next video!
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