Let's take a look at the charts and indicators to see what's attracting investors.
Don't make the same mistake that many bears make.
It's easy to look at yesterday's post-FOMC meeting rally and create a narrative for why stocks, especially the beaten-down tech variety, shot higher.
Bearish logic combined with short squeezes and poor positioning is producing jet fuel for more market upside.
Plus, the most important thing that Powell said on Wednesday and why it's both good and bad.
Both names should see growth in 2023 and they're reasonably valued.
Market strength persists with resistance violated.
There are several high-quality, low-risk opportunities in the sector that still offer compellingly high dividend yields.
Does the Fed feel compelled to overreact to the current economic landscape, and thus compound past mistakes made?
The most important issue will be whether there are any dovish hints about what is to come.