Daily Market Comments(2021223)-Happy Holiday
- Stock market of U.S ended all in green zone before Christmas.
- Chinese A Share Market dropped between 0.6% to 1.27%, but consuming sectors and Chinese medicine concept stocks rose sharply.
- China concept stock continued to drop, while TSLA jumped with the tweet by Elon that he might stop selling stocks.
Winners and Losers (in my watching list): YOU+8.56%, TSLA+5.76%, HOOD+2.83%, CLOV+2.69%, MVIS+2.60%; SEV-2.61%, SNOW-2.48%, EDU-2.38%, BILI-2.32%.
Bond Market: 2Y climbed to 0.691, +2BPs;10Y to 1.495, +4BPs, and 30Y to 1.908, +5.7BPs. 30s2s to 1.217, +3.7BPs. TIPS recorded -1.013.
Equity Market: NASDAQ closing at 15653.37, +0.85%; DJI 35950.56, +0.55%; S&P500 4725.79, +0.62%.
Econ Calendar: U.S initial jobless claims dropped to 205K, a 50 years low, while Core inflation(yoy) recorded 4.7%.
Big News: South Korea’s former president Park Geun-hye was pardoned by the current president Mun Jae-in. China authority laid more clear rules on companies wishing to be listed on foreign exchange market. Bernard Kerik, associate to Giuliani, plans to publicly release some documents requested by January 6 committee.
Guess On Next Move: Happy Holiday! The surging number of Omicron cases may cause some concern, but finally it will go. CPI may be another focus later.
What Big Names Saying: