Beware Euphoria Stocks!
In this week’s stock market review, we will discuss the importance of managing risk and steering clear of stocks that are trading under euphoric conditions. We will also provide an economic update as we head into the final month of 2021, along with a review of COVID cases and our thoughts on their impact on economic activity. Lastly, we will measure which areas of the stock market we see are leading the rally and what those areas of leadership have historically meant for stock prices moving forward.
Key Takeaways
- The recent rise in COVID cases is not having an impact on economic activity
- Early recovery sectors and stocks represent stock market leadership
- Sentiment in technology and EV stocks remains dangerous
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