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)



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



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


Next week:     Earnings from more Retailers, among others
MTWTF
Events:
Fed meetingFri: 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
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

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