What NaNa说美股 said in this video:
- InflationneutralThe preliminary September composite PMI rose to 58.4; manufacturing and services strengthened together and new orders surged, indicating the US economy is overheating and inflation is sticky.Source
- Bonds & RatesneutralTreasury auction demand was weak, with the bid-to-cover ratio below average and primary dealer allotment rising to a two-year high, showing that even with yields at multi-year highs the market lacks willingness to absorb new intermediate Treasury supply and investors demand a higher term premium.Source
- OtherneutralBank stocks are seen as a leading indicator for the equity market; yesterday's bank stock crash made the host feel ominous, and today's Treasury selloff confirmed the weak tone.Source
- TLTbearishshort-termThe long-term Treasury ETF TLT plunged and erased gains; the Treasury's announced buyback is too small to stem the selloff, market sentiment has turned more bearish, and long-bond prices remain under pressure.Source
- QQQneutralIn contrast to the Russell 2000, the S&P 500 and Nasdaq have shown resilience as persistent short covering offset most bearish pressure.Source
- SPYneutralshort-termThe S&P 500's key short-term resistance is 7800, with support at 7650-7660 near the 10-day moving average; holding above 7650 keeps conditions favorable for volatility suppression, while a break below would flip hedging flows and spike volatility.Source
- Oil & Energynegative for stocksBefore the midterms, Trump is unlikely to make big moves; oil should rebound and then continue to decline.Source