Stocks and Precious Metals Charts - Better Call Powell - Bad Day for Stocks

Jan 27, 2021 at 6:00 PM EST

Most stocks that have some connection to reality were hammered lower today. This is bubble action. when the selling starts in earnest, almost everything gets sold.

Most stocks that have some connection to reality were hammered lower today.

This is bubble action. when the selling starts in earnest, almost everything gets sold.

And despite the elevated perception of risk, as clearly shown by the VIX, the miners were sold heavily as well.

Let's see how the rest of the week goes.

Have a pleasant evening.

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Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.