Stocks took a good run higher, beginning in the overnight futures trade.
Happy visions of vaccines and more corporate-friendly stimulus had visions of easy money dancing in Wall Street’s head.
But alas, the big sled dogs, the high cap tech, faltered once again.
There was a ‘sector rotation’ to the small caps as seen in the Russell 2000.
We see that M2 money supply is growing at a torrid 25% year-over-year pace.
The Dollar dumped.