Daily Market Comments(20210914)-Higher Tax
Summary
- DJI and SP500 recorded green numbers, ending a week's falling, while NASDAQ still ended in red.
- GME jumped again.
- Oil stocks rose sharply after OPEC's higher demand forecast.
From iStock
Winners and Losers (in my watching list): GME+6.82%, TSP+3.14%, Z+2.90%, YOU+2.85%; UVXY-5.41%, RBLX-3.68%, SPCE-3.58%, BILI-3.51%.
Bond Market: 10Y continued to dip to 1.326 , and 30Y to 1.909
Equity Market: NASDAQ closing at 15105.58, -0.07%; DJI 34869.63, +0.76%; S&P500 4468.73, +0.23%.
Econ Calendar: None scheduled.
Big News: Democrats planed to raise corporate and capital-gains tax.
Guess On Next Move: Seems that the stock market is struggling at the top.
Analyst's Disclosure: I/we have a beneficial long position in the shares of UVXY, WB, EDU either through stock ownership, options, or other derivatives.
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