Dow and US Dollar Face Heavy Volatility Potential, What Comes after Georgia?

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Monday’s trading session for risk-leaning assets set a tone of notable fear. After weeks – if not years – of questionable speculative drift higher, markets finally falter on the opening day of the 2021. The symbolism was too rich to miss, but did the intent really live up to the threat? While I would call the opening technical salvo for the likes of the S&P 500, the Dow Jones Industrial Average and Nasdaq 100 a breakdown from a remarkably tight wedge (and from record highs), follow through would always be difficult to fulfill. That is in part ...