- Fed Chair Jay Powell actually came out and said it yesterday on 60 Minutes - the central bank has (and will use, if necessary) the ability to create trillions of greenbacks with nothing more than the touch of a computer keystroke.
- That, along with optimism about a COVID-19 vaccine, has the Dow up more than 3%, the S&P 500 up 2.8%, and the Nasdaq ahead 2.3%.
- Not participating are the work-from-home/stay-at-home plays like Netflix (NASDAQ:NFLX), Zoom Video (NASDAQ:ZM), Shopify (NYSE:SHOP), Slack (NYSE:WORK), Peloton (NASDAQ:PTON) and Citrix (NASDAQ:CTXS) - all are in the red. In the green, but notably underperforming are Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT), who may actually begin to face some competition for consumer dollars as other retailers reopen.