As New Biden Regulations Move Forward, There s Fallout in Some Sectors This looks like consolidation after a big run rather than a major shift in market character.
Small-cap corrective action is picking up some traction this morning, and there is some fallout in sectors like oil and pharmaceuticals as new Biden regulations are moving forward.
Speculative stock picking has slowed substantially with just a couple dozen 10% movers this morning. There still is some rotational action into big caps, but it has slowed. Overall breadth is solidly negative as it approaches two losers for each gainer. The new highs are still good at over 600, but many of those reversed following the opening prints.
The committee of directors at the said meeting. approved the issue of non-convertible debentures for an amount up to Rs 200 crore on private placement basis
DGAP Voting Rights Announcement: PNE AG PNE AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 21.01.2021