Daily Market Comments(20220425) — Free Speech
- Major US indexes higher with NASDAQ leading, just above 13000 and DJI above 34000.
- China stocks experienced the most severe hit since 2020 pandemic, major indexes down over 5%.
- Musk has taken over TWTR successfully.
Winners and Losers (in my watching list): TSP+8.06%, SNOW+7.56%, LMND+7.41%; DWAC-12.90%, UVXY-3.51%, NFLX -2.60%.
Bond Market: 2Y jumped to 2.722, +9.2BPs, 5Y dipped to 2.862, -6.4BPs, 10Y dipped to 2.828, -6.8BPs and 30Y dipped to 2.888, -51BPs. 10s2s, 0.106. TIPS recorded -0.081%.
Equity Market: NASDAQ closing at 13004.85, +1.29%; DJI closing at 34049.46, +0.70; S&P500 at 4296.12, +0.57%.
Econ Calendar: Nothing big.
Big News: New French President will still be Macron. However, his opponent gained far more votes than last time.
Guess On Next Move: Short rebound.
What Big Names Saying: