I'd rather be late jumping in on a bottom fish than jump in too early.
Stay focused on sectors and rotational action if you want to navigate the action.
If you're looking for the meme traders, we found them. They're trading cryptocurrencies ahead of the Coinbase direct listing.
How so? First, they are about more than just GIFs and JPEGs.
One group seeing some momentum today is bitcoin.
Money is rotating back into the FATMAAN names and the hot sectors are struggling.
Ever think you would see the day when all cash was digital so the federal government could place a negative interest rate (tax) on savings? I can see this coming from a mile away.
The market is dealing with a difficult transition as the economy struggles to return to 'normal.'
The big-cap technology stocks that were seen as safe havens during the COVID crisis bounced back.
Let this play out, and then revisit it if it's a sector that interests you because there could be something there worth considering.