Market Report Mar 01 2022

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Market Report for Mar 01 2022

S&P and Nasdaq

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

Stock Market %:
DJIA: -0.49
Nasdaq Composite: +0.41
S&P 500: -0.24
UK FTSE 100: -0.42

Market Volume:
NYSE Vol: 1.7 bln (Above)
Nasdaq Vol: 5.7 bln (Above)

Yields:
2-yr: -16 bps to 1.43%
3-yr: -16 bps to 1.61%
5-yr: -16 bps to 1.72%
10-yr: -15 bps to 1.84%
30-yr: -11 bps to 2.18%

Comments:
Some heavy volume on the markets yesterday for the start of what we mentioned on the weekly webinar is likely to be an unusual week. Energy was the top performer and Real Estate at the bottom. Stocks bounced off their session lows in the last 30 minutes of trading.

We expected a choppy and volatile session and we had exactly that. As a result, did not manage to get into any positions we wanted.

COIN was our best performing stock followed by TSLA then CRWD. HIMX was the worst.

The Russian Ruble fell against the US Dollar by 25% due to the sanctions applied by US, UK, EU and other countries. The Russian stock market remained closed to try and prevent mass selling in Russian stocks. And the central bank raised its rates from 9.5% to 20%.

Let’s go trade!