March 23, 2021

Mar 23, 2021Trade Ideas

Markets have lost their minds.

After exploding higher on Monday, most were clobbered today. The Dow closed down 308. The S&P 500 lost 30, as the NASDAQ dropped about 150 points. All after two days of testimony from the Federal Reserve’s Jerome Powell, and Treasury Secretary Janet Yellen, returning fears of CV-19 in Europe, and falling oil prices, markets don’t seem too pleased.

Not helping, WHO just “said most regions of the globe are seeing an increase in new CV-19 cases as highly contagious variants continue to spread. Germany is extending its lockdown until April 18, while nearly a third of France entered a month-long shutdown on Saturday.”

For today, let’s stay on the sidelines, and wait to see what markets decide to do by morning.


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