Daily Market Comments(20210524) - Stirring Up
Summary
- WSJ exclusively reported some evidence showing that the COVID-19 might be leaked from Wuhan Lab.
- Tech lead the rebound today.
- Biden asked a meeting with Putin.
Winners and Losers (in my watching list): SPCE + 27.62%, AMC + 13.24%, RBLX + 8.16%. UVXY - 6.62%, MNMD -5.54%, BILI -1.22%.
Bond Market: 10Y to 1.603 and 30Y to 2.301.
Equity Market: NASDAQ closing at 13661.17 + 1.41%; DJI 34393.98 + 0.54%; S&P500 4197.05 + 0.99%.
Econ Calendar: U.S House related data tomorrow.
Big News: It's a very interesting time for WSJ to mention the possibility of Wuhan Lab virus leak.
Guess on Next Move: NASDAQ very strong today. May come to a correction day soon.
Analyst's Disclosure: I am/we are long UVXY.
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