Throw Covid-19 to the wind

LET'S throw Covid to the wind and jump on this market. Some think the sell-off this week must be a buying opportunity. The upward momentum in US markets has been confirmed across multiple indexes. The Dow was the laggard index but has now passed a significant milestone.

The Nasdaq set the milestone and led the charge by breaking above the previous February 2020 highs in June. This is understandable given the tech-heavy nature of the Nasdaq. During a Covid lockdown, it is the online e-commerce and e-service providers who immediately benefitted so the rise was no great surprise.

The S&P followed the Nasdaq rise, moving above the 2020 February highs in August, trailing the Nasdaq by two months. The Dow is the laggard, surpassing the February 2020 highs three months after the Nasdaq did the same.