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Fast economic recovery could result in rotation that hurts stock market

Hopes for a fast recovery are lifting market volatility and threatening record highs in stocks. First it led to a rise in Treasury yields, making bonds more appealing than highly valued stocks. With inflation fears rising, investors are dumping tech stocks, weighing on major indexes. The US stock market is at a turning point, and the economic recovery is probably why. For investors holding last year s hottest stocks, a likely strong rebound in the economy isn t looking so welcome. After tech giants drove indexes to record highs last year, the prospect of a full reopening has dented the sector s appeal. Investors began dumping Treasurys at a faster pace in February as the likelihood of a new stimulus package raised expectations for near-term inflation. Cash was pulled from defensive assets and pushed into stocks most likely to thrive during a reopening.

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OP: Is Tesla the New Bellwether Stock?

Tuesday’s Session was Cycle Day 2 (CD2): Price consolidation during Globex Session led to continuation rally during RTH Session fulfilling CD2 Penetration Objective. Late day profit-taking pushed price to close near Value Area Low (3871). Range was 75 handles on 1.627M contracts exchanged.  … This leads us into Cycle Day 3 (CD3): Cycle Targets have been fulfilled, so as such the decline can begin at any time. We’ll mark today as a “wild-card”, as price is free to move in any direction. As such, there are two estimated scenarios to consider for today’s trading. 1.) Price sustains a bid above 3875, initially targets 3890 – 3900 zone.

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In 1977, a biologist was nearly killed by a bear. That didn't stop him from working for decades to understand them.

Barrie Gilbert, FriesenPress, 264 pages, 2019. $20.99 ’One of Us: A Biologist’s Walk Among Bears, ’ by Barrie Gilbert Barrie Gilbert was researching grizzly bears in Yellowstone National Park in 1977 when he was attacked, badly mauled and permanently disfigured on a high ridge by a sow that was likely protecting her cubs. It seems reasonable that after such an event even the most dedicated biologist would turn his attention to something a bit less capable of causing harm. Goldfish perhaps. But Gilbert instead redoubled his efforts to understand these animals that we as humans both fear and revere. We can be thankful he did, and also thankful that he wrote about it. Gilbert’s nearly fatal mauling provides the opening scene for “One of Us,” his memoir of his decades conducting field studies of grizzlies, primarily at Brooks Camp in Katmai National Park. It’s a gripping moment, but one he only devotes a few pages to. His primary objective is to talk bears, and that

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