Yesterday, the recent trump controversies triggered the biggest loss for Dow since September. Investors deserted financials and techs that contributed to 1.78% drop for Dow Jones and 2.57% drop for Nasdaq each.
Market sentiment has calmed down since President Trump fired his FBI chief. Many anaylsts and investors bring back the memories of early January 1973. The S&P did not recover for almost eight years.
Most sentiments are still bullsih for the US market. However, Wall Street analysts predic that the bullish sentiment could hit the wall. When the market shows a slight sign, there could be a panic sell. Yesterday, many investors turned to the energy, utilities, and real estate.
Investor should approach the market with an extreme caution.