The stock market rally finally suffered substantial losses last Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?
Certain sectors are due for a bit of a deflationary period and some stock prices have outrun themselves over the past year, so it is no surprise we might see some further consolidation in the NASDAQ.
The good news this week is GDP and unemployment data came back better than expected, earnings reports of NASDAQ listed companies outperformed consensus, and there is more stimulus ready to be pumped into the economy.
Is it time to travel again? What sectors are rising as others fall?
Marriott International Inc. (NASDAQ:MAR), Tripadvisor Inc. (NASDAQ:TRIP), and Expedia Group Inc. (NASDAQ:EXPE) all find themselves in the top 15 of the S&P 500. Something we haven’t seen in a long time!
Commodity prices are all booming! However, as noted in my article yesterday, the rise in lumber, copper and steel prices is merely proof and the purest harbingers of runaway inflation possible.
Watch the full interview to see whether we think the market consolidation is still healthy and where are the opportunities for trades/investors moving forward.