Daily Market Comments(20220111)-A True Rebound

From Reuters
  • NASDAQ continued rebounding, ending with 1.41% higher, while SP500 up for almost 1%.
  • Shanghai Index dropped for 0.7% after breaking through 3600 critical level. Zigzag to higher is more likely.
  • Bubble stocks climbed

Winners and Losers (in my watching list):DWAC+14.11%, DIDI+9.13, LMND+8.61,LI+8.24%, EDU+7.34%; UVXY-5.51%, SEV-0.87%, GME-0.65%.

Bond Market: 2Y to 0.887, -1.1BPs; 10Y to 1.742, -2.4BPs, and 30Y to 2.072, -2.1BPs. 30s2s to 1.185, -1BPs. TIPS recorded -0.836%.

Equity Market: NASDAQ closing at 15153.45, +1.41%; DJI 36252.02, +0.51%; S&P500 4713.07, +0.92%.

Econ Calendar: Nothing big. U.S CPI data tomorrow.

Big News: Powell gave testimony before congress. Omicron led to large numbers of patients ended in Hospitals in U.S and Europe.

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