1. U.S. White House announced it does not support lifting a ban of oil exports. So, oil price soared after that slightly... It seems not significant issue for oil market yet...
2. S&P500 index and Dow Jones rose more than 1%. Someone says yesterday's U.S. equity market strengthening as a result of delayed possible timing of Fed's fund rate hike due to subdued retail sales data. But, as I commented, the data was not negative, so treasury bond yields soared rapidly. See the another post about this.
Rather, we should interpret equity market movement as the fear about interest rate hike starts declining with firm real economic data. Risk asset markets are alive.
So, we have to avoid underweight position on industrial corporate bonds as I planned.
3. SHCOMP closed up +4.9%
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