Market Recap 3/1/23

Remorseful China Tries Sending Over Another ‘We’re Sorry For Creating COVID’ Balloon

Tomorrow’s economic data…………..

Welcome to 4.0%.  US 10-year at 4%. Haven’t seen this in a while. The 2-year is printing highest levels since 2007…

Don’t forget what the rate-sensitive play is……the Nasdaq.  The Nazzy is double-testing the 200-day moving average again (yellow line). If that breaks, we could see a couple of hundred-point dip down to the 50-day moving average (red line) if rates continue higher We’ll see.

See you in the morning.

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