Market Report for May 10 2022

Market Trend:

Market Volume:
NYSE Vol: 1.2 bln (Above)
Nasdaq Vol: 5.9 bln (Above)

Yields:
2-yr: -6 bps to 2.61%
3-yr: -7 bps to 2.83%
5-yr: -6 bps to 2.98%
10-yr: -4 bps to 3.08%
30-yr: -1 bp to 3.21%

Comments:
Monday saw flimsy price action in the mega-cap stocks and the market saw volume that probably incorporated concerns about growth and rising rates.

No sector was immune from yesterday’s volatility, although Consumer Staples felt the least pain. Energy seemed to lack much of it and was the worst performer.

As discussed on the webinar, it is another week of standing aside but we did manage more positions.

Let’s go trade!