Well, we had another down day in the market, and it's all thanks to higher bond yields. As the yields continue to rise, it's causing investors to worry about inflation. We're especially seeing the impact in the tech sector, which is leading the charge down into the red. And since the tech sector was the primary driving force behind keeping the markets at historically high levels during the pandemic, its reversal is particularly painful for Wall Street. The Fed has attempted to calm investors' nerves, but we'll see if anyone actually listens. And we're still waiting on the stimulus package from DC. Once it passes, we could see yet another shift in the market.
Now let's go Beyond the Trade! Keeping my Trade Ideas Accountable During 2021 In this video, I explain my Tradingview account and how I try to keep myself with my fellow traders. As someone who teaches others how to trade, being transparent about my process and results is extremely important. That's why I post my previous trades in a way that allows anyone to review them later. That way, you can see the results for yourself. It's all about accountability! To see how it works, check out the video!
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Thursday, February 25, 2021
The market continues to suffer at the hands of bond yields
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