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

All time lows:  lots...  


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:     
MTWTF
Events:

Earnings:
NKEMULULU

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
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:


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