Stock Market Today: Sharp Reversal

April 22, 2021, 1:48 pm EDT

Sharp Reversal

Biden capital gain tax is on the table that caused a sharp reversal to the downside with -300 points drop as shown.

Staying defense is the key for this environment. Although stock markets are still on the record high area, lack of volume, leadership and breadth are signs of fatigue and trouble. It is time to switch to defensive mode in your portfolio settings.

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