The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off.
The Dow shed 1,164.52 points, or 3.57%, to 31,490.07, the average’s biggest decline since June 2020. It was the lowest close for the Dow since March 2021.
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A small taste of bloodbath phase ;)
ReplyDeleteNeed a few more of such days ... some sentiment & technical indicators still haven't hit levels to buy big yet.
But my naked put option is a couple of % points away from me having to take delivery of a hundred S&P500 etf shares lol. Don't mind to buy them if kena put by option expiry this Fri though.
In the meantime, selling out of the money covered calls on some of my existing ETFs for tiny kopi money & fun-ness haha.