Stock Market Blog -Aug 31st

The S&P500 finally closed above the 2000 mark this week, a new all time high. Meanwhile Bonds continued to rise as well! This is not normal -maybe we are seeing some European money flow into bonds... As we kick off September, we could begin to see the much anticipated pull-back in stocks.

Bond yields continued to drop, not just in the US but also in Europe.

New all time highs:      AVGO, AAPL, AMGN, BRK.B, GPRO, HD, ITMN, KOG, LNG, NOV, PSX, STX, TSLA, etc.
All time lows:   -

Pops:    AVGO, BKW/THI,    Drops:  ANF

Next week:  Economic reports,  -Monthly Jobs report on Friday. European Interest Rate meeting...

Earnings:     

Market Commentary

The market continues to inch its way higher, but has lost some momentum. I expect we'll see some kind of pullback or consolidation soon.

Implied Volatility in the Options market dropped again this week.  This may be an opportunity again to buy VIX related options.

This week's charts:

S&P 500 -New all time high!
10yr Interest Rates -dropping!
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was up, closing around $95.96 -holding under $100!

Natural Gas was up, closing near 4.06
Gold was up a bit, closing at $1287 -still under $1300

The 30 year Bond was up, closing near 141.53

The US Dollar was up, closing near 82.78

...basically, everything was up  this week!

NEWS:

By the numbers: US economic recovery finally taking hold
'Rigged' market may be nearing top: TrimTabs chair
8 out of 10 active managers striking out this year 
Why Tesla's stock could gain another 17%
A dozen McDonald's outlets closed in Russia (vid)
Hedge fund industry snapshot: $2.6 trillion in 11,000 funds

Here's Why We Have Mixed Emotions About The Current Gold Market
China's economy is not experiencing a hard landing
Japan's economic revival is in jeopardy
Indian economy gets a jolt (vid)