mozzie88
liked
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.
$Netflix (NFLX.US)$ $Goldman Sachs (GS.US)$ $JPMorgan (JPM.US)$ $Intel (INTC.US)$ $Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ $USD (USDindex.FX)$ $Spdr S&P Bank Etf (KBE.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $ARK Genomic Revolution ETF (ARKG.US)$ $Corsair Gaming (CRSR.US)$
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.
$Netflix (NFLX.US)$ $Goldman Sachs (GS.US)$ $JPMorgan (JPM.US)$ $Intel (INTC.US)$ $Direxion Daily TSLA Bull 2X Shares (TSLL.US)$ $USD (USDindex.FX)$ $Spdr S&P Bank Etf (KBE.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $ARK Genomic Revolution ETF (ARKG.US)$ $Corsair Gaming (CRSR.US)$