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Daily Market Comments(20210914)-Higher Tax

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Youngtsen's Blog
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  • 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.
Word Tax 2021 on calculator. Glasses, pen and the calculator on documents. The concept of financial stability,Income Statement
Krystsina Yakubovich/iStock via Getty Images

                                           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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