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Daily Market Comments(2021217)-Hesitant

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Youngtsen's Blog
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  • NASDAQ jumped from floor but still ended in red, while DJI stayed on the ground for whole day.
  • China A share indexes dropped for more than 1%.
  • Cathie Wood’s flagship fund ARKK jumped 5%, the biggest one since several months’ dropping.

                                          From Reuters

Winners and Losers (in my watching list): YOU+8.41%, GME+7.64%, RBLX+7.55%, OPEN+7.52%, LMND+7.01%; RIVN-10.26%, SEV-3.24%, C-2.51%.

Bond Market: 2Y rose to 0.634, +2.5BPs, 10Y dippedto 1.407, -1BP, and 30Y to 1.814, -4.2BPs. 30s2s to 1.18, -6.7BPs. Yield curve flattening. TIPS recorded -1.002.

Equity Market: NASDAQ closing at 15169.68, -0.07%; DJI 35365.44, -1.48%; S&P500 4620.64, -1.03%.

Econ Calendar: New York Fed President John Williams interviewed, saying “actually raising interest rates would be a sign of a positive development in terms of where we are in the economic cycle,” after the Fed signaled earlier this week that it sees as many as three rate hikes in 2022.

Big News: Canada tightened COVID-19 related restrictions due to concern of rapid spreading Omicron cases; Jan 6th investigation on the go. Boris Johnson hit bad by the election.


Reality: raising rates causes a recession and market crash every time” — By Zerohedge @zerohedge

Guess On Next Move: Still bullish, but be cautious.

Analyst's Disclosure: I/we have a beneficial long position in the shares of TQQQ, EDU,MFST,UDOW either through stock ownership, options, or other derivatives.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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