Why did US stock markets fall on Wednesday (27 January)?

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The “buy everything” trade is being taken down a notch, as multiple asset classes stumbled mid-week.

Even as the outrageous battle between day traders and short sellers rages on (Gamestop’s share price soared another 135%), the S&P 500 fell 2.57 percent on Wednesday, its biggest single-day drop since October, as the benchmark index wiped out its year-to-date gains.

Spot Gold is now trading back below its 200-day simple moving average, and even Bitcoin extended its descent towards the psychologically-important $30,000 mark after shedding over a quarter of its value from its all-time… Read More:

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