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Just one week after Biden took office we are already seeing the stock market starting to tumble.
From Investors Daily:
The Dow Jones Industrial Average tumbled 525 points at the starting bell, down 1.7% as it dived through its 21-day moving average. The S&P 500 shed 1.9% on the stock market today. The Nasdaq Composite gave up 2%,with Expedia (EXPE), Advanced Micro Devices (AMD) and Xilinx (XLNX) at the bottom of the Nasdaq 100 — down more than 7% apiece.
Now, according to Market Watch, it might not be as bad as it seems.
While the Dow on Wednesday was seeing its biggest one-day skid since around October, market internals suggest investors on the New York Stock Exchange and Nasdaq are buying rather than selling stocks. https://t.co/u2p7xsHVaW pic.twitter.com/kjZV1uyQeP
— MarketWatch (@MarketWatch) January 27, 2021
Only time will tell.
We warned everyone about what the Biden Years could do to the Stock Market.
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