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Yellen Wants To Go Big, Really Big!

Jan. 19, 2021 4:23 PM ET3 Comments
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  • The market continues it's addiction to stimulus. It can't get enough.
  • The new Treasury Secretary To-Be is calling for another really big infusion.
  • A new administration will take over tomorrow. They will hit the ground running. They have a big, really big agenda.
  • Chip stock and tech stocks in general had a very good day.

It was a huge day for the market. It got back everything that it lost on Friday and then some.

The last time I saw Janet Yellen, doves were flying out of her mouth. She is still the same ol' Janet Yellen. The market love stimulus and there is more to come if Yellen gets her way with Congress. I am sure that they will go along with her along mostly party lines.

The semiconductor stocks had another very big day today. We own many in our portfolios. 

China was the only economy in the world that grew last year. Imagine that. Chinese stocks also did well today. We still own several. 

It looks like Netflix is up big in the after-hours after a better than expected eps report. Several banks reported today, but they are not a leading group right now. 

Will there be any trouble at tomorrow's inauguration? The market may be a little cautious until the ceremony is over, just in case. 

The market still has a valuation problem, but as long as interest rates remain low, inflation remains tame, and Yellen keeps the printing press cranked up, it should be fine. Look out when one of the above starts to break, however. 

Bill Gunderson

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