Posted 3/15/2024, 3:22:28 PM
Key Events Causing Stock Market Swings Today: Quadruple Witching, Microsoft Breakout, Adobe Drop, Sentiment Survey, Bitcoin Liquidation
- Very large $5 trillion quadruple witching event happening today, which often leads to volatility
- Microsoft (MSFT) stock breaking out, but may be temporary due to gamma squeeze
- Adobe (ADBE) stock falling on weak guidance, showing increasing AI competition
- University of Michigan consumer sentiment survey being released today, could move markets
- Bitcoin whales liquidated $500M, causing bitcoin to drop, showing it's not an inflation hedge
