Buy These Tech Stocks Post Election — Investors Love Them
With so much uncertainty on Wall Street about the next president of the United States, there's one thing I do know for sure...
We're a couple days postelection now and Nasdaq futures were up 2.5% Thursday morning, with the S&P 500 and Dow close behind it.
With all this upside going on in the stock market this week, I keep getting asked why stocks are continuing to go up postelection.
Once you start trading through enough presidential elections you'll realize that no matter who is in the White House, the stock market doesn't care.
If you take a look back eight years ago, you'll see that when Barack Obama became president the market rallied... just as it did four years ago when Donald Trump took the office.
The Federal Reserve is controlling the market. When interest rates are low the money has to flow somewhere, which is why real estate and stocks have gone up so much.
But if you look at what led the way during the March lows toward the upside, it was the Nasdaq stocks in the technology sector. And with the anticipation of another wave of COVID-19 cases springing-up, I'd like to remind everyone exactly where the money flowed when the pandemic first hit: tech stocks.
Making now the perfect time to start looking at postelection tech stocks to buy...
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