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The stock market started off strong this morning but ended with 2/3 indexes closing red. I go over what happened in the stock market today and why todays market moves can be linked to the rising oil prices and what we saw today in oil markets. With the reopening trade coming in full steam from the weekend, markets were very hyped but quickly sold off despite no news updates. Given the large move on Oil to the $70 range, this will be the key as it could lead to another run on commodities. At the same time, meme stocks still held up today and even more after hours, as the market continues to broaden further in terms of winners and losers. It was another low volume day, but any big changes in Oil, currencies or the Jobs report this Friday should pick things up.
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