Friday, January 22, 2021

Radio Silence; Stocks Looking for Lower Open

Appearances can be misleading.

While the military occupation of the District of Columbia (DC) is now winding down, about 7,000 members of the National Guard will remain until the end of January, according to Air Force Maj. Matthew Murphy, a spokesman for the National Guard.

Fences around the Capitol, White House and National Mall are still up, even though the inauguration of Joe Biden is over with, having occurred on Wednesday, without incident.

Biden is busy signing executive orders, though a few constitutional experts express doubt that they will have any binding effect.

In any case, life goes on. Stocks continued to be soft on Thursday and are poised to open sharply to the downside Friday. Dow futures are off more than 200 points with just minutes to go before the opening bell.

Gotta run.

Enjoy the Show.

At the Close, Thursday, January 21, 2021:
Dow: 31,176.01, -12.37 (-0.04%)
NASDAQ: 13,530.92, +73.67 (+0.55%)
S&P 500: 3,853.07, +1.22 (+0.03%)
NYSE: 15,019.05, -78.23 (-0.52%)

No comments: