On the SPOT blog (02/24/2022) [M..]
- Salyl Bhagwat
- Feb 24, 2022
- 2 min read
Updated: Aug 31, 2022
US markets saw an incredible turnaround today. It is not clear to me what exactly caused such a wild swing but I suppose that panic stricken sellers over did it for most part of the day (probably related to the speculation on what would be NATO's response to Russian invasion of Ukraine) and then President Biden's comments perhaps calmed the investors that might have triggered buying oversold stocks. Tech rally was tremendous. Let's see how we close this week tomorrow.
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