To gain an edge, this is what you need to know now.
Rally On Weak Sanctions
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- A big part of the rally today is due to a massive short squeeze. Once the rally started, shorts panicked and bought to cover.
- In Tuesday’s Morning Capsule we wrote:
Ukraine and Russia are relatively small economies. This Russian move by itself will have an immaterial impact on the world economy and the stock markets.