Election “Fluff” Is Erased

The market raced higher after the election and now it is giving those gains back.

PRE-OPEN MARKET COMMENTS TUESDAY - Biden has given the Ukraine permission to fire long-range missiles into Russia. This is going to pull the US further into the conflict and the market doesn't like it. Without aide from the US, the Ukraine will have to negotiate a treaty and Trump has been vocal about not supporting this war. From a longer-term standpoint, I am not overly concerned with this development. On a short-term basis, it means we are going to probe deeper for that support level.

Daily Bulletin Continues...