Stocks Push Higher: Can This Market Be Trusted?
What a day this Wednesday has been for stocks. Investors were reminded, in great part by Marc Benioff and his team at Salesforce.com (CRM), that quality of execution within industries that have benefitted from the “new normal economy” matters most.
The Nasdaq 100 (QQQ) took off, up +1.7% for the day, despite already being up more than 25% so far in 2020. At the same time, small-cap stocks (IWM), which tend to do better during the upcycles, finished the day down -0.7%, as they kept losing steam …
