Daily Market Comments(20210708)-Anger

From The Times
  • Stock indexes opened low with a weak jobless data.
  • Investors concerned about Chinese new regulation on foreign listed companies, making all China-related shares drop.
  • Biden angry about Russia’s hack attack.

Winners and Losers (in my watching list): SPCE+17.30%, UVXY+9.69%, AMC+6.37%; DIDI-5.88%, RIOT-4.85%, BABA-3.92%.

Bond Market: 10Y dipped to 1.298 and 30Y to 1.926

Equity Market: NASDAQ closing at 14559.78, -0.72%; DJI 34421.93, -0.75%; S&P500 4320.82, -0.86%.

Econ Calendar: Initial Jobless Claims at 373K, higher than expected 350K.

Big News: China’s newly issued rules on foreign listed firms concerning.

Guess On Next Move: The stock index may climbed for a while, then a crash.



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