E Tuesday Talk: Value Stocks And NFTs - Holy Oxymoron, Batman!

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Value stocks and NFTs may not seem to go together, but they certainly are capturing a lot of headlines while the Nasdaq and Tech stocks seem to be emerging from "corrective" territory. On Monday, U.S. Markets ended on an upbeat note, the S&P 500 closed at 3,969, up .65%, the Dow Jones Industrial Average closed at 32,853, up .53% and the Nasdaq closed at 13,460, up 1.05%. Currently, market futures are trading light green. A look at the 3 month chart of the S&P and Nasdaq indices shows that the markets are continuing to trend higher, but did undergo something of a correction in the last month.

Chart Source: The New York Times

TalkMarkets contributor Alex Barrow in a TM Editor's Choice column entitled, Value Will Continue To Outperform? runs through the charts noting that value stocks have considerable upside potential in what he considers to be a strong bull market.

"I believe the recent outperformance of value over growth is just the start of a cyclical trend, and there’s plenty of long runway for this to continue to play out."

Below are a couple of the value and bull sentiment charts he includes in his article.

“The EPS recovery is in 2021 should be the fastest since 2010, and it’s driven by Value. Our Growth index’s EPS is 15% above trend-line, while Value is 38% below.”

"The Bull & Bear Indicator remains elevated but still below an official sell signal."

Barrow has several other good snapshots of where he thinks the markets are right now, including this quip about General Motors (GM). "A massive false bear trap — allowing some whale(s) to accumulate a large position — followed by a face-ripping rally... But, in all honesty, I’d be interested in maybe playing this on a pullback."

Bitcoin (BITCOMP) continues on its speculative run upwards at a rate that would cause even the brightest and most colorful tulip to blush and wilt. Maithya Kitonyi writing in an exclusive piece for TalkMarkets, Is Bitcoin Pullback An Opportunity To Buy? looks at what this means for investors. Here are some of his thoughts:

"The price of bitcoin has pulled back to trade at around $56,000 after hitting a new historical high of more than $61,900. The pioneer cryptocurrency has demonstrated over the last few months its undoubted potential despite still facing a cloud of pessimism from anti-crypto investors. 

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William K. 3 weeks ago Member's comment

Actually, the secret to being sort of "rich" is to always need less than you have. That is the way to do well in the monetary aspects but it will not in any stretch assure happiness, except as far as the money goes. BUT there is more to life than money, folks. Trust me on that one.