Market Report May 04 2022

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Market Report for May 04 2022

S&P 500 and Nasdaq

Stock Market %:
DJIA: +0.2
Nasdaq Composite: +0.22
S&P 500: +0.48
UK FTSE 100: +0.22

Market Volume:
NYSE Vol: 976 mln (Below)
Nasdaq Vol: 4.5 bln (Below)

Yields:
2-yr: +3 bps to 2.76%
3-yr: +1 bp to 2.94%
5-yr: -1 bp to 3.00%
10-yr: -4 bps to 2.96%
30-yr: -6 bps to 3.01%

Comments:
Tuesday was less bullish than the prior day with a hesitant bar for the S&P 500 and Nasdaq Composite yesterday and so far playing out as we had discussed on the weekly webinar.

The lack of momentum and confidence in the market mixed with the uncertainty of what the Fed has to say has us continuing to stand aside.

Today is another stand aside day. Don’t try to trade this market right now. It is better to wait until we have an emergence of direction.

Let’s go trade!