The stock market is rebounding really hard as investors seek to return to post crisis levels. There is huge demand for equities as the USD is declining in value and investors would like to seek the future growth prospects of industrial USA.
Steel stocks took a big hit today as poor outlook by US Steel CEO resulted in downgrade by Goldman Sachs. Nevertheless, I am still positive in the sector.
Tech stocks are back. Investors are stock piling the tech companies as US consumer spending is focused on that sector.
SNDK and ARMH are nice speculative plays.
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