US Stocks To Continue Testing Bottoms 美股将继续走跌探底

Rising bond yields, new round of sanctions against Russia, Shanghai locks down indefinitely and high valuation of tech stocks all contribute to today's market weakness. More weakness later in the day is likely after the Fed meeting minutes is released. The recent strong bounce of the stock market is definitely over and the market will likely continue to test bottoms.

Recent news:

1. US Treasury yields hit multi year highs: 5 year 2.748%, 10 year 2.629, 30 year 2.67%

2.  A new round of sanctions against Russia are expected to be announced by the US and the EU.

3. Oil price rises as new Russia sanctions out weigh demand worries.

4. Bank of America clients were selling US equities, both stocks and ETFs last week. Hedge funds were leading the way, followed by institutional clients. On the other hand, retail clients were buying stocks.

5. Last Federal Reserve meeting minutes is to be released at 11AM Pacific Time today. Analysts expect minutes will likely show even more hawkish attitude by the Fed members.

6. Shanghai residents feel strain as lock down extend indefinitely. People are confined to their homes and reliant on authorities for supplies.

债券收益率上升、新一轮对俄制裁、上海无限期封城、科技股估值偏高，均是导致今日市场疲软的一些原因。今天晚些时美联储会议纪要公布后，美股继续疲软的机会大。近期股市的强劲反弹肯定已经结束，市场会继续下跌探底。

近期新闻：

1.美国国债收益率创多年新高：5年2.748%、10年2.629、30年2.67%

2.预计今天美欧将宣布对俄罗斯实施新一轮制裁。

3. 对俄罗斯的新制裁盖过需求消退的担忧，油价继续走高。

4. 美国银行的客户上周出售美国股票，包括股票和 ETF。对冲基金领先抛售，机构客户紧随其后。另一方面，散户却在购买股票。

5. 美联储最上次会议纪要将于太平洋时间今天上午 11 点发布。分析师预计，美联储成员的会议记录可能会表现出更加强硬的鹰派态度。

6.上海封城无限期延长，居民感到压力。人们被限制在家中，并依赖当局提供物资。