February 24, 2021, 11:43 am EST
Economic Recovery
Stock markets rally again today with DJIA up +207 points at this moment. The strength comes from core sectors as shown: energy, energy industrials, financials, and materials. These four sectors are green in all time frames including day, week, and month.
The other leading groups belong to consumer-focus categories like cruises(RCL, CCL, NCLH), hotels (MAR, MGM, LVS, WYNN, H, HLT), and airliners (AAL, DAL, UAL, LUV, SAVE).
Previous winners are left behind including AAPL, TSLA, ZM, AMZN, MSFT, FB, etc.
There are many emerging stocks in the core sectors and strong momentum stocks in the consumer-focus categories that could keep going higher with the decline of COVID-19 cases. The economic opening is the driving force behind the rally.
