From WSJ
  • US stocks continued to crash.
  • China market began to stabilize, while SH index reached 3000 before down again.
  • Even CAT dropped 3%.

Winners and Losers (in my watching list): UVXY+12.14%; PLTR-21.31%, RIVN-20.88%, EDU-16.39%.

Bond Market: 2Y dropped to 2.606, -9BPS; 5Y down to 2.951, -13.5BPs; 10Y barely moved to 3.128; 30Y barely moved to 3.225.

Equity Market: NASDAQ tumbled to 11623.25, -4.29%; DJI dropped to 32245.7, -1.99%; S&P 500 crashed to 3991.24, -3.20%.

Econ Calendar: US whole sale inventories 2.3%, in line with expectation.

Big News: John Lee became Hong Kong’s new leader. Elizabeth Warren crowds Biden. Biden kept silent on stocks.

Guess On Next Move: We could expect a rebound but it may not last long.

What Big Names Say:

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From Twitter
  • NASDAQ continued to crash while DJI and S&P 500 dropped also.
  • China mainland stocks crashed.

Winners and Losers (in my watching list): DWAC+4.31%, WE+3.25%, AMD+1.57%; TSP-10.49%, DIDI-10.31%, SPCE-9.33%.

Bond Market: 2Y climbt to 2.696, +7BPs; 5Y to 3.086, +7.6BPs; 10Y 3.13, +6.2BPs; 30Y moved to 3.23, +6.9BPs. All shifted up nearly 7 BPs.

Equity Market: NASDAQ crashed at 12144.66, -1.40%, DJI dropped a little bit to 32899.37, -0.3%, and S&P 500 dropped to 4123.34, -0.57%.

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From Reuters
  • Major US indexes higher with NASDAQ leading, just above 13000 and DJI above 34000.
  • China stocks experienced the most severe hit since 2020 pandemic, major indexes down over 5%.
  • Musk has taken over TWTR successfully.

Winners and Losers (in my watching list): TSP+8.06%, SNOW+7.56%, LMND+7.41%; DWAC-12.90%, UVXY-3.51%, NFLX -2.60%.

Bond Market: 2Y jumped to 2.722, +9.2BPs, 5Y dipped to 2.862, -6.4BPs, 10Y dipped to 2.828, -6.8BPs and 30Y dipped to 2.888, -51BPs. 10s2s, 0.106. TIPS recorded -0.081%.

Equity Market: NASDAQ closing at 13004.85, +1.29%; DJI closing at 34049.46, +0.70; S&P500 at 4296.12, +0.57%.

Econ Calendar: Nothing big.

Big News: New French President will still be Macron. However, his opponent gained far more votes than last time.

Guess On Next Move: Short rebound.

What Big Names Saying:

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From BBC
  • Stocks continued to crash.
  • China stocks ended mixed on Friday.
  • French prosecutors issued warrant to arrest Carlos Ghosn

Winners and Losers (in my watching list): UVXY+18.2%, DWAC+8.01%, TWTR+3.93%; OPEN-5.47%, LMND-4.87%, SQ-4.68%, SEV-4.13%.

Bond Market: 2Y barely moved to 2.699, -0.4BPs, 5Y dipped to 2.926, -5.5BPs, 10Y dipped a little to 2.896, -1.5BPs and 30Y rose to 2.938, +1BPs. 10s2s, 0.197. TIPS recorded -0.102%.

Equity Market: NASDAQ closing at 12839.29, -2.55%; DJI dropped to 33811.40, -2.82%; S&P 500 closing at 4271.78, -2.77%.

Econ Calendar: Nothing big.

Big News: Carlos Ghosn in trouble.

Guess On Next Move: A very weak market.

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From CNBC
  • 3 major indexes tumbled after Powell talking about more hawkish stance during a conference with IMF.
  • China stocks continued to crash, some previous good stocks’ financial earnings in trouble.
  • Elon Musk said money for Twitter takeover secured.

Winners and Losers (in my watching list): UVXY+11.28%, UAL+9.31%, AAL+3.8%; DWAC-17.3%, DIDI-9.04%, OPEN-8.2%.

Bond Market: 2Y rose sharply to 2.703, +11.8BPs, 5Y also rose to 2.981, +12.1BPs, 10Y stayed at 2.911, -0.5BPs and 30Y dipped to 2.928, -6.4BPs. 10s2s, 0.208. TIPS recorded -0.125%.

Equity Market: NASDAQ closing at 13174.65, -2.07; DJI 34792.76, -1.05%; S&P 500 4393.66, -1.48%.

Econ Calendar: Initial Jobless claims 184K, lower than previous 186K.

Big News: Florida strips Disney of special status; Biden sends another round of 800MM worth of weapons.

Guess On Next Move: Be careful.

What Big Names Saying:

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  • US stock markets diverged with Dow rising NASDAQ tumbling and S&P 500 unmoving.
  • China stocks crashed overnight.
  • Elon Musk believed “woke mind virus” and “wokeness” threat to modern civilization, and led Netflix unwatchable as well.
From YahooSports

Winners and Losers (in my watching list): COST+1.55%, UAL+1.24%, TWTR+1.21%; NFLX-35.12%, RBLX-12.5%, SQ-8.84%.

Bond Market: 2Y nearly flat to 2.603, 5Y dipped to 2.86(-6BPs), 10Y dropped to 2.857(-11.5BPs) and 30Y 2.922(-7.9BPs). 10s2s, 0.254. TIPS recorded -0.091%.

Equity Market: NASDAQ closing at 13453.07, -1.22%; DJI at 35160.79, +0.71%; S&P 500 at 4459.45, -0.06%.

Econ Calendar: Existing home sales recorded 5.77 million.

Big News: Russia took the first city after the starting of the invasion.

Guess On Next Move: Be careful.

What Big Names Saying:

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