• Ben and Dan Agree to Disagree on market valuation – is it still overvalued after this correction? Or is it harder to compare because of historically high valuations and a different interest rate environment? And does this tech-driven rally play a part?
• Kevin Matras answers questions covering what you should do about the recent pullback and what stocks will do ahead of the election in Zacks Mailbag
• Sheraz and Dan choose one portfolio to give feedback for improvement
• And much more
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Tech continued to slowly recover from its two-week smackdown on Tuesday, while we all wait to hear what the Fed has to say after its most recent meeting.
The NASDAQ rose 1.21% (or about 133 points) today to 11,190.32, marking a two-day advance of just about 3% after Monday’s jump of nearly 1.9%.
But let’s not get too excited. The index is still more than 7% away from its closing high, which was reached less than two weeks ago!
Apple (AAPL), which was the only FAANG that was positive yesterday, actually lagged everyone despite its virtual product launch event. The iPhone maker managed a rise of only 0.16%.
The S&P is back above 3400 (for the first time since September 4) after rising 0.52% to 3401.20. The Dow jumped by more than 200 points at its best in the session, but could only hold onto a gain of 0.01% (or about two points) to 27,995.60.
All of the indices rose by over 1% yesterday on positive vaccine news and a fresh round