Daily Market Comments(20210903)-Not So Strong

From All Eyes On NFP
  • NASDAQ still edged higher with a disappointing NFP data.
  • DIDI jumped nearly 10% with rumor of being taken over by the government.
  • Hot Covid-19 stocks behaved differently with ZOOM, PTON dropped this year but MRNA jumped higher.

Winners and Losers (in my watching list): BILI+2.65%, DIDI+2.38%, UVXY+1.48%, SQ+1.43%, WB+1.37%; SPCE-6.58%, GME-5.04%, TSP-3.76%, HOOD-2.56%.

Bond Market: 10Y jumped to 1.326% (jumping after 8:30 NFP data releasing), and 30Y to 1.946

Equity Market: NASDAQ closing at 15363.52, +0.21%; DJI 35369.09, -0.21%; S&P500 4535.43, -0.03%.

Econ Calendar: NFP recorded 235K, much lower than the expectation of 720K.

Big News: Biden ordered DOJ to review on declassification of Sept.11 report, which might give some information related to Saudi Arabic’s involvement. ‘QAnon Shaman’ Jacob Chansley pleaded guilty to capitol riot allegation.

Guess On Next Move: Correction, Correction, Correction.

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