Market Report Feb 15 2022

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Market Report for Feb 15 2022

S&P 500 and Nasdaq

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

Market YTD:
Dow Jones Industrial Average -4.9% YTD
S&P 500 -7.7% YTD
Russell 2000 -10.0% YTD
Nasdaq Composite -11.9% YTD

Market Volume:
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 4.2 bln (Below)

Comments:
An unusual market on Monday with Tech performing ok while Energy performed the worst. It is a market full of noise and one we can stand aside from and watch while it is preoccupied with Russia and Ukraine.

Nasdaq Composite closed the session flat while S&P 500 and Dow Jones Industrial Average closed the session -0.38% and -0.49% respectively.

The 2-yr yield moved up to 1.59% while the 10-yr yield moved up to 2% with Bullard once again sharing his hawkish sentiment on fighting inflation and increasing rates.

We said goodbye to EDIT yesterday and a couple more may succumb to the axe after coming close to breaking the rules.

Let’s go trade!