We also had a Fed meeting and a bad GDP report, which was expected.
Most businesses remain closed throughout the country, tho some states are starting to lift restrictions...
We get the monthly Jobs report on Friday.
AMZN pulled back after reporting earnings. GOOGL rallied.
Bonds were flat, Gold was down a bit, and Oil started to recover from last week's price disaster.
S&P 500 market crash recovery (chart) ...start of a pullback?
High yield Corporate Bonds (HYG) -holding up so far (2yr chart)
Investment grade Corporate Bonds (LQD) -Fed recovery-(2yr chart)
Market concerns: Coronavirus...
Pops:
Over $25 Trillion in debt! See Debt Clock on the left, or here...
I expect in time we will see this skyrocket with all the new debt being added.
Unemployment claims skyrocket
S&P 500 chart -stalled rally?
New all time highs: nothing significant!!
All time lows: ditto
Options watch: S&P 500 Implied Volatility (CBOE VIX) -continuing to pull back!
| 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... |
This week's charts:
$NYA -NYSE Composite -pulling back?
(IWM) Small-caps -ditto?
Links...
ETFs - Ranked by Volume
S&P 500 Sector performance -Tech & Health care leading -Energy lagging
S&P 500 Sector performance -Tech & Health care leading -Energy lagging
Crude Oil rallied nicely, closing near 19.69
Gold was down, closing near 1710 -holding over $1700
The US Dollar was down a bit, closing near 99.12
The 30 year Bond was flat, closing near 181.37
News:
Dow closes 600 points lower to wipe out weekly gains...
After the best April for the Dow and S&P 500 in 82 years, is ‘sell in May’...
Cramer’s week ahead...
Warren Buffett’s Berkshire swings to massive $50 billion net loss after coronavirus pummels stock investments
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