There are plenty of opinions as to why this market should crater, but opinions don’t really matter. It’s about expectations and confidence in the future, which is why assurances have a calming effect on markets. December was a horrible month for stocks and things looked pretty grim at the beginning of the year, but now prices are heading higher. Oil is up and so is tech, particularly the software as a service sector (SaaS). Think Salesforce (CRM) and Zendesk (Zen). Salesforce is definitely a stock I want to own into this melt up.
Here’s a look at the bounce in one chart: