On the SPOT™ blog (02/21/2023) [H..]
I'm writing this blog today while the markets are still open. All three major US indices seem to be heading for a deeply red finish today as the economic data and the quarterly results appear to prompt investors to put brakes on their bullish sentiments for the stock market at least for now. Existing home sales dropped in January (continuation of what we have seen in rising interest rates environment). This combined with some of the big retailers providing cautious outlook might be the reason for today's sell off (at least until this point in the day). Remains to be seen how the markets finish today.
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