[Chart courtesy of MarketWatch.com] Moving the markets Following the Georgia run-off elections, which are favoring the Democrats, the markets were in a split mode with bond yields and SmallCaps surging, even though the US Dollar and the tech sector were stumbling. Gold did its best imitation of a swan dive and gave up its YTD gains. It’s widely assumed that, …
Finding Support
[Chart courtesy of MarketWatch.com] Moving the markets Even though the futures markets were mired in uncertainty and failed to rebound from Monday’s collapse, it was a different story once the cash markets opened. The major indexes found some footing, dipped mid-day, but then staged a rebound that ended up in a green close. As posted yesterday, the looming Georgia runoffs …
Welcoming 2021 With A Pump And Dump
[Chart courtesy of MarketWatch.com] Moving the markets After touching new all-time highs (Dow and S&P) shortly after the opening, the bullish euphoria vanished in a hurry and made room for the bears to do some chest pounding for a change with the Dow down over 700 points at its worst level. However, given the strong advances last month, this sell-off …