Stock Market update -Dec 11th

The market recovered from the small prior week pullback, to set new all-time record highs again. Bonds continue to sink. Next week we get the final Fed meeting for the year, where rates are expected to be raised by .25 -barring any surprises, it should have little impact on equity markets. We could see more movement in Bonds though, which have been very oversold.


We are now heading to $20 Trillion in debt! See Debt Clock on the left...

Pops: AVGO, LULU, PLAY,
Drops: RH,

New all time highs:   AVGO, DFS, DOW, MSFT, SYY, WEN, UPS, UAL, and lots more

All time lows:  FIT

Mergers/Deals:   

Options watch:   Implied Volatility somewhat elevated...  Link to high IVR stocks   
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP
CBOE VIX Volatility Index -rising...

Next week:  Economic reports,  FED MEETING, Options expiration/Triple witch & end of the Quarter

Earnings:     ADBE, ORCL 

This week's charts:

NYSE never got back up to the 2015 highs, unlike the other indexes -still trying

Links...

S&P 500 - post election rally continues

10yr Interest Rates -still rising!

Labor Force Participation Rate (10 year chart) -falling

Fear & Greed Index

ETFs - Ranked by YTD Percent Change

Commodities/Futures (charts):

Natural Gas was up a bit, closing near 3.75

Crude Oil was mostly flat, closing near 51.50

Gold dropped, closing near 1162

The 30 year Bond dropped some more,  closing near 149.87

The US Dollar was up a bit, closing near 101.61

NEWS: