Markets Surge on Technology and Financials Rally While Investors Await Inflation Data
- Analysts believe regional banks, virtual reality companies, electric vehicle manufacturers and artificial intelligence firms are poised for major gains.
- Cruise lines and software companies are also highlighted as potential winners amid market optimism though strategists warn investors not to get carried away.
- Treasury yields and gold are seen as risky while stocks are viewed as a better investment; however, some warn this is not a new bull market and the Fed may reignite volatility.
- The S&P 500 could rise almost 500 points if Tuesday’s consumer price index report is favorable and the current market cycle suggests even more upside into next summer.
- Tesla's record-setting rally reflects the broader exuberance though analysts warn investors should have an exit strategy for the high-flying stock.