Market Close

So Nasdaq an SP500 took a hit, the Dow on the other hand made some gains. The 10 Year Yield is hurting tech and other disruptive stocks as with a higher 10 Year Yield valuations in certain sectors must be review. However imo the FED is going to take on Yield Curve Control, they are just testing the waters, they want to see what the market can tolerate. Big news todays in the hedge fund world as Archegos Capital Management got a huge margin call which they couldn't cover and had to liquidate. Nomura and Credit Suisse were the banks offering leverage to Archegos and had to pay the bill. Gold and Silver took a hit. I really believe that the corrective phase is weeks from the end for the metals. Every dip must be seen as a buying opportunity with these two, as long term fundamentals are extremely positive. If we look at the technicals both appear to be forming a cup and handle pattern which is a very bullish pattern (I will add a silver chart showing this). Crypto got a bid and also Oil ended up higher despite the fact that the Ever Given vessel at the Suez Canal was freed.

Remember this is not financial nor Investment advice, just my thoughts and it should be consider for

entertainment purposes only.