Daily Market Comments(2021203)-DJI Star
Summary
- Could not continue the rebounding, most U.S stock indexes fell, but DJI ended in a slightly red at the end of the day, while NASDAQ could not retreat the loss.
- China A share rose for almost 1%, SSE Composite Index standing above 3600.
- Z rose sharply with the news of cutting house flipping business.
Bond Market: 2Y dipped to 0.595, 10Y to 1.357, and 30Y to 1.679. 30s2s to 1.084, rose from 0.824 yesterday. The flattening trend paused for a whille. TIPS recorded -1.097.
Equity Market: NASDAQ closing at 15085.47, -1.92%; DJI 34580.08, -0.17%; S&P500 4538.43, -0.84%.
Econ Calendar: Unemployment rate fell to 4.2%, much lower than expected 4.5%.
Big News: Ever Grande was sent a group of officers by Guangdong Province government.
What Big Names Saying: Mohamed A. El-Erian @elerianm tweeted during the weekend: “From@markets ahead of this week’s November US #CPI data. The median forecast is for headline #inflation to increase from 6.2% to 6.7%, a level well beyond #Fed expectations. The higher it goes, the broader the ramification — economic, financial, socio-political and institutional.”
Guess On Next Move: To the Moon
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