S&P Futures tonight and premarket tomorrow will tell us a lot. The only time that the market drops on the first trading days of the month is when there is a really weak market.
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Bitcoin is way down. Do you think this could influence tesla and other companies that have purchased large amounts. 🤔
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I think the price of bitcoin does correlate with Tesla and others.
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Playbook usually calls for a gap up with the new money and then another selloff. Fridays late rebalance at very least. Maybe futures up 30. If we open down at 50 day look for a rally with new money.
Im kind of thinking that it may recover die to the stimulus. However, it could have been a prime example of buy the rumor, sell the news. We will find out soon
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