Why Are Growth Stocks Leading When They Crashed In 2021?

"The market is pushing Jerome Powell to raise rates. The equity market is not considering the fact that inflation could linger. On the other hand, the bond market today is saying that maybe interest rates have to be higher for longer. Maybe these unprofitable growth stocks should not be driving the bus as they crashed it in 2021. The 2 year rate keeps going up and approaching the Fed Fund's Rate. This is not a good place to be if you are a high valuation stock owner," says Brian Frank. Frank also states that he is long Calumet Specialty Products (CLMT).

Morning Trade Live

16 Feb 2023

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