Shesa's MARCH 2021 Investment Blog
MARCH 2021 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update This month we saw a split market in the U.S stock indexes. Both DOW and S&P 500 hit new all-time high but NASDAQ fell to a correction territory attributed to the 10-year Treasury yield that went past 1.75%. The technology led Nasdaq was hit the hardest losing 12% in just a couple of weeks and went into correction mode. This was attributed to rising yields that triggered rotation away from growth-oriented stocks and tech-related stocks into business reopening stocks, value-oriented and cyclical sectors. However, Nasdaq has recovered some of its loss in last couple of weeks. Meanwhile, Biden administration has passed $1.9 trillion Coronavirus package . Despite the bond-yield and inflation fear, I am very optimistic that this would be a major booster for the economy as money goes to 85% of the Americans. In next few weeks we will see Q1 earnings which is expected to rise ...