Market Report for Apr 20 2022

Market Trend:
S&P 500 = Mixed
Nasdaq Composite = Mixed

Stock Market %:
DJIA: +1.45
Nasdaq Composite: +2.15
S&P 500: +1.61
UK FTSE 100: -0.20

Market Volume:
NYSE Vol: 856 mln (Below)
Nasdaq Vol: 4.4 bln (Below)

Yields:
2-yr: +11 bps to 2.58%
3-yr: +10 bps to 2.80%
5-yr: +9 bps to 2.90%
10-yr: +5 bps to 2.91%
30-yr: +4 bps to 2.99%

Comments:
A fairly broad-based advance on Tuesday which we discussed on the weekly webinar and partly expected to see.

The markets are still choppy so nothing has changed as a result of the low volume move up in the markets yesterday but if we can now build upon that, it would give us more confidence. The S&P 500 closed above its 50 day-line while the Nasdaq has yet to reach that level.

The only sector to close in the red was Energy. All other sectors enjoyed a bullish session.

We are focussing on managing our trades for now.

Let’s go trade!