Stocks jump most since June 2020 as oil prices fall sharply

“It’s one day, so it’s hard to really draw any type of conclusions,” said Keith Buchanan, senior portfolio manager at Globalt Investments. “Markets had their backs against the wall, kind of expecting the worst.”

Last week saw record selling of U.S. stocks by hedge funds, strategist Jill Carey Hall wrote in a recent BofA Global Research report. Retail investors and institutional investors were net buyers.The moves by retail investors may be a result of people worrying about missing out on any potential rebound. A “buy-the-dip” strategy, where drops in stocks were seen mainly as opportunities to buy low, was very successful following the 2020 crash caused by the coronavirus.

European stocks rallied even more than the U.S. market. Germany’s DAX jumped 7.9% and France’s CAC 40 rose 7.1%. “Whereas the U.S. will have the wind in its face as stimulus falls, Europe may actually have the wind at its back.” Such swings have been particularly wide in markets for commodities because Russia is the No. 2 oil exporter and the No. 3 supplier of nickel, which is used in electric car batteries, stainless steel and other products. Russia and Ukraine also are among the biggest global sellers of wheat.

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about JulieCrypto_ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

Do traders think Russia has surrendered or something?

You hear that? It’s the sound of republicans searching for a new way to hate Joe Biden

Bullshit !!! Lol. Drop

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