Stock Market update: March 2020

Stock Market update Mar 22

The selling continued this week (including Bonds), with the Small Cap index (IWM) dropping back to the 2016 election lows, along with the Financial ETF!
The Fed announced more rate cuts and money drops, but to no avail.
The Coronavirus is now widespread in New York, and California is under lockdown.

Continued ‘Limit down’ and ‘limit up’ days!

They continue to throw trillions in money at this problem...

Maybe we'll see a relief rally this week (we are near some support levels), but then eventual further breakdowns maybe -everything is shut down -even more than last week!

The 30 year Bond dropped some more, even as stocks dropped
Oil dropped some more, as did Gold.

4 week market crash! (chart)

S&P500 A full year of gains lost...

High yield Corporate Bonds crashed (5yr chart) -now at 2016 levels!

Market concerns: Coronavirus...

Pops: VIX (volatility)

Drops: everything!

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -Crashed further, back down to below the Dec 2018 crash low!
The nightly Fed Repo injections started in early Oct, and we have now given back all the market gains, but the Repo drops continue at even higher amounts!

Bonds ...another drop this week, even as stocks dropped -chart (link)
10yr rates (chart)

TVIX CHART

New all time highs:

All time lows: lots...

Options watch: S&P 500 Implied Volatility (CBOE VIX) -skyrocketed!

Link to high IV stocks

High Options volume:

	ETFs	SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ,
	Stocks	AAPL, AMD, BAC, BABA, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:

Next week:

	M	T	W	T	F
Events:
Earnings:		NKE	MU	LULU

This week's charts:

$NYA -NYSE Composite -crashed further down to the early 2016 lows!

(IWM) Small-caps -ditto!

Links...

10yr Interest Rates -still veery low

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil tanked some more, closing near 23.64

Gold was a little lower, closing near 1501 -now holding below 1600!!

The US Dollar was up, closing near 103.20

The 30 year Bond dropped further, then rallied a bit, closing near 178

News:

Stock Market update -Mar 15

Fastest bear market in history! That was the headline for this week's selloff as we exceeded a 20% drop from the highs. The selling continued unabated. We finally got a brief but huge rally late Friday after the President made some more announcements to provide a bit of relief.
The Fed continues to drop helicopter money by the hundreds of billions, but its had no effect so far.
Expect yet another Fed cut in rates this week at the Wed meeting.
Europe could see more financial problems going forward.
‘Limit down’ to ‘limit up’: A week of scary trading halts, but this time for a surge

We could see a relief rally this week, but then eventual further breakdowns maybe, as the virus continues to spread, and because of the economic damage inflicted -everything is shut down!

The 30 year Bond dropped a bit
Oil tanked, as did Gold, and even Bitcoin dropped -50%.
Trump declares national emergency over coronavirus

3 week market crash!

High yield Corporate Bonds crashed (5yr)

Market concerns: Coronavirus...

Pops: VIX (volatility)

Drops: everything!

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -Crashed further, back down to almost the Dec 2018 crash low
The nightly Fed Repo injections started in early Oct, and we have now given back all the market gains, but the Repo drops continue at even higher amounts!

Bonds ...big correction this week, even as stocks dropped -chart (link)
10yr rates (chart)

New all time highs: DLR

All time lows: lots... many Energy related companies too. LYFT, UBER, WORK, X, SAN

Options watch: S&P 500 Implied Volatility (CBOE VIX) -skyrocketed!

Link to high IV stocks

High Options volume:

	ETFs	SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ,
	Stocks	AAPL, AMD, BAC, BABA, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:

Next week: Earnings from more Retailers, among others

Earnings Reports for the Week of Feb. 24-28

	M	T	W	T	F
Events:			Fed meeting	Fri: Home sales
Earnings:			Tue: FDX Wed: GIS,

This week's charts:

$NYA -NYSE Composite -crashed further down to the Jun 2016 lows!

(IWM) Small-caps -crashed to BELOW the Dec 2018 crash lows!
This one has been ugly

Links...

10yr Interest Rates -still veery low

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil tanked some more, closing near 31.73

Gold dropped AGAIN, closing near 1516 -now holding below 1600!!

The US Dollar ended mostly unchanged, closing near 98.44

The 30 year Bond was up again, then dipped, closing near 176.65

News:

Years Going Past in a Day for S&P 500 Traders in History’s Grip
Wall Street fears ‘flashbacks to 2008’ with forced selling in $9 trillion U.S. corporate bond market
Fed boosts money it’s providing to banks in overnight repo lending to $175 billion

Here's what could really sink the global economy: $19 trillion in risky corporate debt

Bitcoin Drops 50% in Epic Two-Day Tumble

Stock Market update -Mar 2

This week we had the largest weekly drop in the markets history! Carnage everywhere. The FAANNGs held up better than most others, keeping the Nasdaq 100 from dropping to the lows seen in the other indexes. Most of the blame went to the global coronavirus outbreak.
We could see continued breakdowns as it continues to spread, but also because of the economic damage inflicted so far. Looking for a possible bounce this week...

The 30 year Bond rallied again, with yields dropping to its lowest ever in history!
Oil dropped, as did Gold. Bonds rallied!

Wall Street is wondering if the Fed can heal a coronavirus-stricken stock market that just saw $4.3 trillion in value vanish over the past 7 sessions

Market concerns: Coronavirus...

Pops: NVAX

Drops: everything!

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -Crashed back down to the early Oct lows! (Link)
The nightly Fed Repo injections started in early Oct, so we gave it all back!

Bonds ...in an uptrend
Rates keep going lower -AGAIN -chart (link)

10yr rates pic

New all time highs: ZM -lonely list!

All time lows: lots... many Energy related companies too

Options watch: S&P 500 Implied Volatility (CBOE VIX) -skyrocketed!

Link to high IV stocks

High Options volume: