Daily Market Comments(20220426) — Dangerous World

From Reuters
  • US stocks crashed with concern on earnings, inflation and China’s COVID cases.
  • China stocks continued to drop after a re-bounce in the morning trading session.
  • Google buying back huge amounts of stocks, TSLA dropped more than 10% with concern that Elon might need to sell stocks to pay back debt for TWTR purchasing.

Winners and Losers (in my watching list): UVXY+16.03%, DWAC+14.25%; TSLA-12.18%, RIVN-9.5%, Z-8.97%.

Bond Market: 2Y down to 2.638, -8.4BPs, 5Y dipped to 2.737, -12.5BPs, 10Y dipped to 2.73, -9.8BPs and 30Y dipped to 2.831, -5.7BPs. 10s2s, 0.092. TIPS recorded -0.146%.

Equity Market: NASDAQ closing at 12490.74, -3.95%; DJI closing at 33240.18, -2.38%; S&P500 at 4175.2, -2.81%.

Econ Calendar: Nothing big.

Big News: Russian foreign minister Sergei Lavrov warned late on Monday that: “NATO, in essence, is engaged in a war with Russia through a proxy and is arming that proxy. War means war,” saying the risks of nuclear conflict should not be underestimated. Chinese President Xi Jinping asked all the officials to make sure China’s GDP growth will be higher than U.S.

Guess On Next Move: Keep safe.

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