The tech-heavy Nasdaq has underperformed the Dow for four straight weeks — a first since 2016

cnbc2021-03-15

KEY POINTS While the Nasdaq broke its string of three straight weekly losses, it trailed the Dow yet again. The Dow has outperformed the Nasdaq for four consecutive weeks for the first time since ...

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x2espresso
2021-03-15
x2espresso
Will today turn bull or bear?
YiiYii
2021-03-15
YiiYii
[流淚]
polaris1932
2021-03-15
polaris1932
Wow
JPKS
2021-03-15
JPKS
wow wee
MJ2317
2021-03-15
MJ2317
Please comment, thanks
- MJ2317:
  Done
- YiiYii:
  Done. Please like and comment back.
黑豹钻石拳
2021-03-15
黑豹钻石拳
?

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It’s the longest such streak since April-May 2016, which was also the only year since 2011 that the Dow beat the Nasdaq.\nMarket experts have been predicting a tech cooldown for years and have been consistently wrong, thanks to the increasing dominance of mega-cap companies like Apple and Amazon, the frenzy around Tesla and the massive shift in spending to cloud computing.\n“It’s been years of frustration trying to get that trade right,” said Jack Ablin, who oversees $12.5 billion as chief investment officer at Cresset.\nAblin said this time feels different. Starting in the fourth quarter, his firm rolled out a new “quality dividend strategy,” moving clients out of technology and into industrials, financials, materials and energy companies. He was betting on a Democratic sweep in November, followed by a big stimulus package that would pump money into the economy, leading to inflation and higher interest rates.\nThe 10-year Treasury rose to its highest level in over a year on Friday, reaching as high as 1.642%. Rising rates give investors an incentive to shift money towards fixed income, while inflation tends to have an outsized impact on growth companies because it dampens expectations for future profits.\nMeanwhile, the $1.9 trillion coronavirus relief package that President Joe Biden signed on Thursday will send direct payments of $1,400 to most Americans, and will also expand the child tax credit and provide rental and utility assistance.\n‘Pent-up demand’\nAdd to that Biden’s pronouncement that all adults will be eligible for a Covid-19 vaccine by May 1, and the economy looks poised for a big rebound in 2021.\n“There’s pent-up demand for actually going out and doing stuff, taking vacations, going to bars and restaurants,” Ablin said. People are going to “take all that money on the sidelines and spend it,” he said.\nEven though Biden and the Democratic Congress are focused on expanding green energy alternatives, the current outlook for travel and getting back to work is benefiting traditional oil and gas companies. Within the S&P 500, energy stocks are performing the best this year, up 40% as a group. The top-performing groups this week were consumer discretionary stocks, real estate and utilities.\nThe Dow Industrials rose 4.1% for the week to close at a record 32,778.64. After three straight weeks of declines, the Nasdaq climbed 3.1% to 13,319.87. For the year, the Dow is up 7.1%, while the Nasdaq has gained 3.4%.\nDow vs. Nasdaq in 2021\nAblin knows that it’s too soon for a victory lap. Even as tech broadly is underperforming, there’s still a ton of money going into even more speculative assets.Bitcoin has almost doubled in value this year, and on Wednesday a non-fungible token (NFT) by the artist Beeple sold for more than $69 million in an auction through Christie’s.\nAblin said he was just asked about NFTs by a client on Thursday. While he admits to not having a strong viewpoint on them, he said that if recipients of stimulus money opt for risky investments instead of traveling and buying consumer goods, the market could look very different in the coming months.\n“If it really doesn’t get spent but gets plowed into the market, that would pull the rug out from under our thesis,” Ablin said. For example, he said, “If instead of taking their vacation, they go buy Tesla stock.”\nTesla shares did jump 16% last week. But that wasafter tumbling 30% over the prior month.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":322334293,"gmtCreate":1615773026712,"gmtModify":1704786269286,"author":{"id":"3558472997722921","authorId":"3558472997722921","name":"x2espresso","avatar":"https://community-static.tradeup.com/news/d79bc0e380a7a70e58e7c21c05f21e02","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":4,"crmLevelSwitch":1,"idStr":"3558472997722921","authorIdStr":"3558472997722921"},"htmlText":"Will today turn bull or bear?","listText":"Will today turn bull or bear?","text":"Will today turn bull or bear?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322334293","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322947787,"gmtCreate":1615770130849,"gmtModify":1704786219438,"author":{"id":"3567052123559984","authorId":"3567052123559984","name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0,"idStr":"3567052123559984","authorIdStr":"3567052123559984"},"htmlText":"[流淚]&nbsp;","listText":"[流淚]&nbsp;","text":"[流淚]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322947787","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322944517,"gmtCreate":1615770081639,"gmtModify":1704786218252,"author":{"id":"3575942709739625","authorId":"3575942709739625","name":"polaris1932","avatar":"https://static.tigerbbs.com/a1d575a50950e41f2e4e1a6ab61fec37","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575942709739625","authorIdStr":"3575942709739625"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322944517","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322941441,"gmtCreate":1615769688183,"gmtModify":1704786211560,"author":{"id":"3578294070796563","authorId":"3578294070796563","name":"JPKS","avatar":"https://static.tigerbbs.com/6413e1760b9d15bff94ffb34fdc6026f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578294070796563","authorIdStr":"3578294070796563"},"htmlText":"wow wee","listText":"wow wee","text":"wow wee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322941441","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322941176,"gmtCreate":1615769642995,"gmtModify":1704786211235,"author":{"id":"3559297454639767","authorId":"3559297454639767","name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559297454639767","authorIdStr":"3559297454639767"},"htmlText":"Please comment, thanks&nbsp;","listText":"Please comment, thanks&nbsp;","text":"Please comment, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322941176","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797462,"gmtCreate":1615797578461,"gmtModify":1680780408046,"authorId":3559297454639767,"author":{"id":3559297454639767,"idStr":"3559297454639767","authorId":3559297454639767,"name":"MJ2317","avatar":"https://static.tigerbbs.com/e630b11b8aefdaa3f6d659668006e6c9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322941176,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":3794536,"gmtCreate":1615770099146,"gmtModify":1680780365117,"authorId":3567052123559984,"author":{"id":3567052123559984,"idStr":"3567052123559984","authorId":3567052123559984,"name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322941176,"type":1,"supId":0,"prevId":0,"content":"Done. Please like and comment back.","text":"Done. Please like and comment back.","html":"Done. Please like and comment back."}],"langContent":"EN"},{"id":322949957,"gmtCreate":1615769490379,"gmtModify":1704786208297,"author":{"id":"3570880740385047","authorId":"3570880740385047","name":"黑豹钻石拳","avatar":"https://community-static.tradeup.com/news/b985aa64c924e2e2db014d0b48b16d96","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3570880740385047","authorIdStr":"3570880740385047"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322949957","repostId":1161672993,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":37,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1161672993"}