Per my last communication to all clients, I mentioned that the rise of Bernie Sanders was hurting stocks. As he gained in the polls, stocks (healthcare stocks in particular) were getting hit. His socialistic ideology, specifically his idea to nationalize the healthcare system, was scaring the markets.
Last night, which was Super Tuesday, Joe Biden gained an incredible amount of momentum. And it appears, he is the leader for the Democratic nomination for President.
With this, the market is rallying big time to the upside. And, as you would expect, healthcare stocks are very strong with Bernie losing some steam.