Market Report Mar 02 2022

  • Post author:

Market Report for Mar 02 2022

S&P 500 and IXIC

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

Stock Market %:
DJIA: -1.76
Nasdaq Composite: -1.59
S&P 500: -1.55
UK FTSE 100: -1.72

Market Volume:
NYSE Vol: 1.3 bln (Above)
Nasdaq Vol: 6 bln (Above)

Yields:
2-yr: -13 bps to 1.30%
3-yr: -15 bps to 1.46%
5-yr: -17 bps to 1.55%
10-yr: -13 bps to 1.71%
30-yr: -8 bps to 2.10%

Comments:
As mentioned on the weekend webinar, it is going to be a weird week. And so far it has been and is likely to continue as Fed Chair Powell testifies today and on Thursday then on Friday it will be NFP. So we are now in a long prekend time.

Heavy volume saw pressure on the markets that did see them close off the lows but not by much due to worrying geopolitical concerns.

Energy was the only sector that was positive, all others closed in the red.

Oil has moved above $106 a barrel and as mentioned on the webinar, the forecast is for $120-$140  barrel.

About a third of our stocks closed positive after-market.

As mentioned on our weekly webinars and in TRC, a choppy market filled with noise. Time to start the weekend traders.

Let’s go trade!