Daily Market Comments(20210708)-Anger
- 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.