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04Mar2021 Market Close: Powell Plunges Markets Into Disorder, DOW Closes Down 346, Nasdaq Down -2.1%, US Dollar Rises 91.61, Bitcoin Slips To 48200

The Nasdaq got clobbered (again) as investors pulled out of Big Tech (SPY -1.2%). Gigafactory demand leads to price explosion in battery-grade lithium. The Market in Perspective Here are the headlines moving the markets. Clean Energy Investing Is Becoming A Bubble Remember when EV and hydrogen truck maker Nikola listed last year? The stock soared in the first months of trading, only to slump heavily just a few months later after allegations were madeand later confirmedthat the CEO of the com...
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05Mar2021 Pre-Market Commentary: Huge Payrolls Push Wall Street To Open Higher, DOW Futures Up 100 Points, Nasdaq Down -0.2%, WTI Crude Higher 65.35, US Dollar Rises 91.88, Gold Below 1700

Heading into todays closely watched payrolls report which as we reported earlier was expected to show a sharp improvement in the labor market, it seemed that stocks were faced with a lose-lose dilemma: a strong number would boost inflation fears further, sending yields higher and crashing stocks; a bad number and the recovery narrative would be hammered as virus fears returned, hammering stocks. So as traders were busy navigating this tricky mind maze, moments ago the BLS reported that as expec...
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