I call this as "Biden Legacy". He once again shown us what he is capable of or lack there of.
4244 seems like a good support (12% correction) for now. I think this will hold for sometime and mkt should take a breather depending on good earnings from good/great/powerful names.
I don't expect anything good from FED or govt as their policies are anti-US mkt imho (no debate needed...beat your own drum).
3920.xx can happen quickly if above scenario fails.
Russia-Ukaraine situation is "fad".
Winter Olympics are few days away.
Crazy how much this mkt depends on ONE person (Powell). This is not good.
GL
4244 seems like a good support (12% correction) for now. I think this will hold for sometime and mkt should take a breather depending on good earnings from good/great/powerful names.
I don't expect anything good from FED or govt as their policies are anti-US mkt imho (no debate needed...beat your own drum).
3920.xx can happen quickly if above scenario fails.
Russia-Ukaraine situation is "fad".
Winter Olympics are few days away.
Crazy how much this mkt depends on ONE person (Powell). This is not good.
GL