RUMORS OF BIDEN MOVE TO COUNTER RUSSIA TRIGGER ANOTHER STOCK MARKET DOWN LEG
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Potential Russian Invasion
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- Stocks were set up for a bounce when stock futures opened yesterday. Futures went higher as expected.
- This morning as the Ukraine situation worsens, futures have given up their gains and turned red. The last thing the stock market needs is a Russian invasion.
- The momo crowd is aggressively selling this morning.
January 24, 2022