Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
… “One of the biggest questions for investors going into 2021 is whether the markets are in another tech bubble similar to the dot-com bubble back in 2000.
On Tuesday, DataTrek Research co-founder Nicholas Colas said there are plenty of similarities between the tech sector in 1999 and the tech sector in 2020, but there is one key difference that could keep stock prices rising.
Colas pointed out that SPACs and EV stocks are behaving a lot like the speculative tech stocks of 1999. In addition, the Nasdaq is up 94% over the last two years, roughly in-line with its one-year gain of 86% in 1999.
The Federal Reserve’s Role: Colas said there is one key difference between 1999 and 2020 when it comes to the Federal Reserve”….
Read the full article here on MarketWatch!