Retreated
Whether isit taking profits or risks off the table, the market is definitely taking a break and breather from the post election rally
Lots of Trump related stocks fell - notably, Tesla dropped 6%, among the steepest declines.
Other than the market being overextended, the latest retracement could also be because investors are waiting for the next CPI data, hence they are adopting a more cautious approach by locking in some profits.
Lots of Trump related stocks fell - notably, Tesla dropped 6%, among the steepest declines.
Other than the market being overextended, the latest retracement could also be because investors are waiting for the next CPI data, hence they are adopting a more cautious approach by locking in some profits.
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StockPeep : Market waiting for CPI also. Will see where market goes after data release.
Cow Moo-ney OP StockPeep : Indeed
Smangler StockPeep : When is CPI released?
StockPeep Smangler : Before market open 8:30 est
Credible Commerce : Headed to 600 data on target