A look at the FUD that sent the markets red.
https://leofinance.io/@bozz/well-played-fud
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A look at the FUD that sent the markets red.
https://leofinance.io/@bozz/well-played-fud
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Well that FUD was a loss for everyone who saw the dip. I don't know whether or not it was a falling knife but the normal stock markets just marched back up like nothing happened.
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Personally, I dont buy the Biden tax plan as the reason. I think it is more of the typical "the market is doing this because of that" type bs that we often see.
This was a trend in place before the drop. People are jittery right now for some reason.
In the end, I think this is a dip and not a long term trend.
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I think it may have to do with the options expiry. We all know how the investment banks want to sell those options and make some money. Maybe the dip was a way to press prices back down using the taxes as a headline.
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There were a lot of options expiring from what I read.
I think that a more likely reason than pinning in on Biden's proposal.
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100m vol in shares for options and around 42 million in common shares traded today. So yea there is a ton of activity on just the SPY alone.
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