At least not yet. For now, the Fed’s $85 billion-per-month long-term bond buying stimulus will continue.
That decision set off another rip-roaring, liquidity-fueled, melt-up in the stock market Wednesday as investors climbed over themselves to buy up positions in Fed-sensitive, interest-rate dependent assets. Gold and silver. Treasury bonds. Mortgage REITs. Homebuilder stocks. Steelmakers. Stuff like that.
Here’s a look at five stocks to buy that are zooming higher in response, breaking out of multimonth downtrends in the process: