We saw a strong recovery rally after the Brexit selloff, which itself lasted only two days! But we also got a rally in Bonds and Gold -interesting, everything rallied! Lets see what the 3rd quarter brings as we get ready for earnings season again -could be a rocky one. We have been at this level in the S&P500 several times over the past 18 months but have not been able to break above it to new highs.
Dow, S&P 500 shake off Brexit, log best week of 2016
Bonds had a big rally this week! As did Silver
All time lows: RBS
Pops: HOG, SLV Drops -
Mergers/Deals: MDLZ to buy HSY
Options watch: Implied Volatility dropped!
High IVR: FXE, FXY currencies! GDX, SLV, MON, POT -materials, Financials, TBT,
Also GPS, STX, and more
High volume: SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP
Next week: Economic reports, Brexit fallout? Markets closed on Monday. Monthly Jobs report on Friday.
10 year Bond keeps rising (and the 30yr too)
Spiked again this week -heading to 2012 level?
(which means even lower interest rates -dropping since 2014!)
Links...
S&P 500 - big reversal rally!
CBOE VIX -dropped
10yr Interest Rates -even lower still!
ETFs - Ranked by YTD Percent Change
Natural Gas was up, closing near 2.99
Crude Oil was up, closing near 49.28
Gold was up again, closing near 1345
The 30 year Bond was up sharply again, closing near 174.34
The US Dollar was flat, closing near 95.72
NEWS:
Cramer's game plan: Crucial event to create market fireworks next week
Treasury yields touch record lows
10 stock winners, 10 losers in the first half of 2016
Commodities are crushing it in 2016: Here’s why
Oracle ordered to pay HP $3 billion in Itanium case
Puerto Rico set to register largest default to date
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