Stock Market update -Jun 30

The market pulled back a bit this week, ahead of the G20 and potential good news on China trade. All asset classes seem to be moving up -stocks, bonds, gold, oil. We closed out the first half of the year with strong gains in stocks, though this is following one of the worst 2nd half periods last year, so nothing really gained!

Continuing concerns:  Still keeping an eye on DB, Europe, China
DB continues its downward slide -keeping an eye on this bank with huge derivative exposure...

AbbVie (ABBV) to Buy Allergan (AGN) in $63 Billion Deal - Bloomberg

Pops:   AGN, MU, 
Drops:   ABBV 

Over $22 Trillion in debt! See Debt Clock on the left, or here...




S&P 500 performance chart, (9 months -Link)
Small pullback...



Bonds still look pretty extended here...


New all time highs:    BLL, L, LMT, MCD, SAP, and more...
All time lows:   DF

Options watch:   S&P 500 Implied Volatility  (CBOE VIX)
High Options volume:   
ETFs SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 
Stocks AAPL, AMD, BAC, BABA, FB, MU, NFLX, NVDA, TSLA

Next week:    Monthly Jobs report on Friday
Earnings:   

This week's charts:

$NYA -NYSE Composite  -almost to the Oct high

 (IWM)   Small-caps -still struggling...


Links...
S&P 500 - near all time highs
Gold was up, closing near 1412
The 30 year Bond was up a bit, closing near 155
The US Dollar  was flat, closing near 95.72

News:
By the numbers: Best June for the Dow since 1938, S&P 500′s best first half in two decades

Deutsche Bank considering up to 20,000 job cuts, WSJ reports - Reuters
Report: Google Pixel is the fastest-growing US smartphone brand w/ 43% year-over-year growth
Posted by 123Trader

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