Daily Market Comments(20220421) — More Decisive
- 3 major indexes tumbled after Powell talking about more hawkish stance during a conference with IMF.
- China stocks continued to crash, some previous good stocks’ financial earnings in trouble.
- Elon Musk said money for Twitter takeover secured.
Winners and Losers (in my watching list): UVXY+11.28%, UAL+9.31%, AAL+3.8%; DWAC-17.3%, DIDI-9.04%, OPEN-8.2%.
Bond Market: 2Y rose sharply to 2.703, +11.8BPs, 5Y also rose to 2.981, +12.1BPs, 10Y stayed at 2.911, -0.5BPs and 30Y dipped to 2.928, -6.4BPs. 10s2s, 0.208. TIPS recorded -0.125%.
Equity Market: NASDAQ closing at 13174.65, -2.07; DJI 34792.76, -1.05%; S&P 500 4393.66, -1.48%.
Econ Calendar: Initial Jobless claims 184K, lower than previous 186K.
Big News: Florida strips Disney of special status; Biden sends another round of 800MM worth of weapons.
Guess On Next Move: Be careful.
What Big Names Saying: