Stocks closed higher yesterday, with the Dow, S&P, and small-cap Russell 2000 turning higher for the week. The Nasdaq still has little more ways to go.

Stimulus talk continues.

But Tuesday's Senate testimony by Fed Chair Jerome Powell, and yesterday's testimony before the House, has sent stocks soaring.

The market was under pressure on Monday and early Tuesday as rising bond yields had some concerned that the Fed might decide to raise rates sooner than expected.

But Mr. Powell quashed that speculation by reiterating that he doesn't see rates rising in the foreseeable future; the Fed would allow inflation to run hotter and longer than usual before doing anything on rates; there are no plans to taper their asset purchases; and that he would clearly communicate a change in policy before taking any action.

Of course, anybody paying attention to the Fed in the last 6 months knows this. In fact, he has been saying for a while now that he expects rates to stay near zero thru 2023!

But it was great for the market to hear it again.

His optimism for improvement in the economy also didn't go unnoticed when he said, "while we should not underestimate the challenges we currently face, developments point to an improved outlook for later this year."

And with virus cases falling, more and more people getting vaccinated, and more and more big cities coming off of lockdown and letting businesses open, it's no wonder why forecasts for full year GDP this year are expected to come in at the fastest pace in 38 years!

This is history in the making.

So make sure you're taking full advantage of it.

That means getting into the right stocks and staying out of the wrong ones.

If you're looking for new stocks to buy with big upside potential, be sure to read our latest commentary on insider trading (the legal kind).

When top executives at companies are buying more shares, or when large numbers of executives are making new purchases, that can send a powerful signal that something good is happening to that company and will likely happen to that stock. And that can lead to big gains.

To learn more about this type of insider trading and how you can profit from it, please check out our latest commentary...

A Rare Insider Trading Signal is Happening Right Now

Best,