5 Sizzling Growth Stocks to Buy for a Biden Bull Market
President Joe Biden has only been in office for a little over three weeks, but the stars are aligning for a monstrous rally in the stock market.
According to commentary from Federal Reserve Chairman Jerome Powell, the nation's central bank has every intention of keeping lending rates at or near historic lows through 2023. It'll accomplish this by targeting an historically low federal funds rate of 0% to 0.25% and by purchasing Treasury bonds on a monthly basis. Since bond prices and yields move inversely to one another, buying bonds should help push down long-term yields.
At the same time, the Biden administration isn't being shy about pushing for fiscal stimulus. Biden's $1.9 trillion economic stimulus would come atop the well-over $3 trillion in fiscal stimulus approved during the coronavirus disease 2019 (COVID-19) crisis in 2020.
Source Fool.com
