The Markets Are Steadily Climbing I m hoping that we see some more rotational action rather than a broad market correction.
Apr 14, 2021 | 10:42 AM EDT
The major indices continue their steady climb higher this morning. They have been on quite a run while many secondary stocks have struggled, but the laggards are finally bouncing a bit this morning. The Russell 1000 ETF (IWM) and biotechnology (IBB) , which has been the worst sector lately, are seeing an energetic rebound.
Market players are waiting for the Coinbase (COIN) initial offering to open, but there already is some sell the news action in the sector with Grayscale Bitcoin Trust (GBTC) , Riot (RIOT) , Marathon Digital (MARA) , and a few other names selling off. I reduced some of my GBTC into strength.
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