Market Update Monday 01/04/21
US stocks opened the year with a thud. The SkyNet BuyBots took control in the overnight futures session, but things quickly reversed as soon as trading opened on Wall Street. The SellBots drove stocks sharply lower until precisely noon EST (“funny” how that happens) when the BuyBots came back and launched a rally into the close to cut the day’s losses. The DJIA ended down 382 points (1.2%) and the NASDAQ got smacked for 190 points (1.5%). Gold and silver soared as the US dollar plunged in foreign exchange trading.
Stay tuned as the battle of the SkyNet StockBots continues.