Daily Market Comments(20210910)-Sudden Crash
- Stocks dropped sharply at the end of today’s trading session, making this week every day ending in the red zone.
- APPL won the anti-monopoly case but had to allow other payment approach.
- Xi Jinping and Biden had a telephone call.
Winners and Losers (in my watching list): UVXY+5.53%, SQQQ+2.45%, RBLX+1.77%, PLTR+0.57%; CLOV-7.73%, EDU-6.67%, AAL-6.19%, DIDI-5.00%.
Bond Market: 10Y continued to dip to 1.341 , and 30Y to 1.934
Equity Market: NASDAQ closing at 15115.49, -0.87%; DJI 34607.72, -0.78%; S&P500 4458.58, -0.77%.
Econ Calendar: PPI 0.7% > 0.6%(E)
Big News: Xi Jinping and Biden had a call. Biden wants big business comply to policies fighting pandemic.
Guess On Next Move: Somewhat crash happened today. Still not enough.