Posted March 01, 2021
By Scott Stewart
Back to Bulls
Welcome back to the Rude Awakening for Monday, March 1, 2021.
After seeing some selloff activity last week, a quick update on todays market
Stocks are rebounding this morning after a shaky week. This comes while Treasury yields are retreating and vaccine optimism is flourishing.
Yahoo Finance reports
The three major indexes are looking to make a comeback after a bout of volatility last week. A sell-off in tech shares sent the Nasdaq down 4.9% for the week for its worst weekly performance since October.
The move higher in risk assets coincided with steadying across the Treasury yield curve Monday morning, after central bank officials from the Bank of England to the Reserve Bank of Australia echoed sentiments from the U.S. Federal Reserve and doubled down on commitments to maintain an accommodative policy posturing throughout the global economic recovery.So, the pendulum seems to be swinging for the bulls again.That's why, today, I want to give you a way to get bullish in this marketplace that DOES NOT require very much capital.After all, we know a bigger selloff will come eventually. But we want to make money on the upside in the meantime.Have a great rest of your trading day.Well see you tomorrow!Regards,Scott Stewart
Editor, Rude Awakening