The Stock Market Is Cautiously Optimistic
Posted on Tuesday, March 29, 2022 at 4:11 PM
Dan Passarelli, CEO - Market Taker Mentoring
The general feel today is that the stock market is cautiously optimistic. The stock market was up 1.25% today, as measured by the S&P500. The main reason was some optimism that the war in Ukraine is looking a little more hopeful. That would be bearish for oil prices and that would be good for stocks.
But the war is still raging and some members of western governments are a bit skeptical of what Putin is saying and that there's a chance of the war ending any time soon. A bit of caution along with that optimism.
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