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buy apple developer account :The bull market roulette wheel just keeps landing on winners

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,Also contributing to Nasdaq’s resilience was Taiwan Semiconductor Manufacturing Co joining Intel Corp in announcing robust spending plans and President Joe Biden’s infrastructure proposal, unveiled on Wednesday, which included a major push to accelerate the adoption of battery-powered cars.

NO matter how dim a view is taken on valuations, or the untethered exuberance of its retail devotees, or even its actual age, the bull market in stocks keeps managing to deliver goods to its faithful.

Big tech falling? Energy and bank shares pick up the pace. Meme stocks out of vogue? Try software makers that have yet to turn any profits. Discovery Inc ‘A’ shares got you down? That’s OK. Its ‘B’ class just inexplicably rallied the most in 16 years.

For every retrograde price action in 2021 there always seems to be an equal and opposite reaction, keeping the market aloft. This week it was chip stocks such as Applied Materials Inc and electric-vehicle makers like Tesla Inc, jumping as an overextended reflation trade took a pause. Up a fourth week in five, the S&P 500 Index hit the 4,000 milestone for the first time.

Not that the single-stock blowups have been easy to digest – look at ViacomCBS Inc losing half its value a week ago in the Archegos Capital debacle. And trying to time peaks remains brutal. Nevertheless, investors are unbowed. They poured US$86bil (RM355.91bil) of fresh money into equity exchange-traded funds in March, smashing records for a second straight month, data compiled by Bloomberg Intelligence show.

“There is a fear of missing out to a certain extent, ” said Wayne Wicker, chief investment officer at Vantagepoint Investment Advisers. “Having that back-and-forth between growth and value is actually a positive where it provides broader opportunities for investors. It keeps people more attracted to focusing on equity markets.”

Technology stocks, laggards in 2021 amid hopes over a return to economic normalcy, sprung up the leader board during the holiday-shortened week as France’s renewed pandemic lockdown helped revive the stay-at-home trade. The tech-heavy Nasdaq 100 climbed almost 3% for the best gain in two months, beating the Dow Jones Industrial Average and Russell 2000, which added 0.2% and 1.5%, respectively, over the span.

Also contributing to Nasdaq’s resilience was Taiwan Semiconductor Manufacturing Co joining Intel Corp in announcing robust spending plans and President Joe Biden’s infrastructure proposal, unveiled on Wednesday, which included a major push to accelerate the adoption of battery-powered cars.

You can credit massive monetary and fiscal support for the equity buoyancy, though a nagging feeling among doubters is that all the stimulus could lead to a painful retracing.

Just as violently as they fell during the pandemic crash, stocks have rebounded, with the S&P 500 jumping 80% since bottoming a year ago. That return already surpasses the total gain achieved in three of the 13 previous full bull runs. In some circles, the speed of the recovery is a sign that the 12-month advance is merely an extension of the bull market that started in 2009.

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