Daily Market Comments(20220422) — Weak weak weak
- Stocks continued to crash.
- China stocks ended mixed on Friday.
- French prosecutors issued warrant to arrest Carlos Ghosn
Winners and Losers (in my watching list): UVXY+18.2%, DWAC+8.01%, TWTR+3.93%; OPEN-5.47%, LMND-4.87%, SQ-4.68%, SEV-4.13%.
Bond Market: 2Y barely moved to 2.699, -0.4BPs, 5Y dipped to 2.926, -5.5BPs, 10Y dipped a little to 2.896, -1.5BPs and 30Y rose to 2.938, +1BPs. 10s2s, 0.197. TIPS recorded -0.102%.
Equity Market: NASDAQ closing at 12839.29, -2.55%; DJI dropped to 33811.40, -2.82%; S&P 500 closing at 4271.78, -2.77%.
Econ Calendar: Nothing big.
Big News: Carlos Ghosn in trouble.
Guess On Next Move: A very weak market.