Should You Buy the Big-Tech Dip?

The 10-year Treasury yield remains in focus

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Schaeffer's Opening View
3/10/2021
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Stock Futures Pointed Higher After Inflation Reports


By: Lillian Currens

Stock futures are eyeing modest gains this morning, with the Dow Jones Industrial Average (DJI) pointed over 150 points higher, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) linger just above fair value. The Nasdaq is looking at a muted pop following yesterday's wild rally, with the 10-year Treasury yield once again in focus as investors eye muted inflation data, which fell in-line with estimates at 0.4%. Wall Street is also looking toward this afternoon's 10-year Treasury auction of $38 billion in notes to provide guidance on the direction of rates going forward. Meanwhile, the $1.9 trillion stimulus bill is set to be passed by House Democrats this morning, while checks to individuals are expected to be sent starting this month. 

Continue reading for more on today's market, including:

  • Should you fear the Nasdaq's latest correction
  • Morgan Stanley stock could nab fresh highs, if history is any indicator.  
  • Plus, Eli Lilly jumps on positive Covid-19 treatment study; EXPR sees surprise post-earnings pop; and LEVI Chairman retires. 
Share on Read More...
     

10X Bigger Than Amazon, Apple, or Google??


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In Case You Missed It...


Bezos + Musk + Zuckerberg + U.S. Military Chasing This New Tech


According to the World Economic Forum, this controversial new technology could be worth $12.7 trillion over the next few years... That's 10x the size of Amazon today and bigger than mega tech firms like Amazon, Apple, Google and Facebook combined. If you're looking to cash in on the next major tech trend, this is it.

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