It seems the reddit crowd is losing influence as this week was more about a rally in quality (or at least profit making potential) than bubble names. AAPL, ABB, AMD, AMZN, APD, COST, FB, GE, GM, GOOGL, LIN, MA, MS, MSFT, NFLX, NOW, NVDA, OKTA, PFE, PYPL, SBUX, SHOP, V, VUG, were strong. The Bill Hwang names like VIAC, VIPS, GSX and the like still had no bounce and continued to fall. The names that were not rallying seem to be the weakest in terms of business prospects: ABNB, BABA, BYND, GME, LYFT, and ZM. Oil and fuel cell names were down, such as COP, BE, BLDP, FCEL, and PLUG. Stalled were EV names like NIO, TSLA and ARKK. It also feels like professionals are taking over the market.
Again, what this suggests is that money is flowing into companies with moats that can make money in a high stimulus environment. Those with no moat and no prospect of making money are being left behind this month. Oil/fuel cell names could be moving lower on commodity prices (with China inflation hot the commodity space could be in trouble).
Felix qui nihil debet 