Well, the stimulus cash is hitting accounts and people are hitting the stores. While a large chunk, perhaps a plurality of folks might save the latest check from the federal .03/17/2021 17:28:23PM EST.
How The Market Survived The Pandemic townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.
What Caused This Sudden Market Swoon?
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Got nowhere to run to, baby, nowhere to hide.
It s not love I m a running from,
It s the heartaches that I know will come…
-Martha Reeves & The Vandellas
Yesterday, there was simply no place to hide except in cash; all the major indices closed lower, along with gold, the dollar, and bonds. The big story continues to be selling in mega-cap names. It’s like the old saying, Live By the Sword, Die By the Sword – although that’s a little hyperbolic.
Russell 2000: -3.69%
Market Breadth
Last week, we saw cracks in the internals, which have been overwhelmingly bullish. Now, they are overwhelmingly bearish with a sharp increase in new 52-week lows on the New York Stock Exchange and the NASDAQ Composite - and substantially more down volume. It was as if someone cried fire in a crowded theater.
All of a sudden, the hottest stocks are the weakest, which is only natural in a period of rising doubt. The doubt is centered on the Federal Reserve and whether .02/28/2021 20:09:52PM EST.
Closings and Delays 1079thebeat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1079thebeat.com Daily Mail and Mail on Sunday newspapers.