Stock Market update -Jun 14

The market did a huge drop on Thu after the Fed made had their meeting on Wednesday. The media blamed the drop on an increasing number of Covid cases. Funny how those cases only became important after the Fed meeting -regardless, the market dropped -no one ever really knows why.
We also saw the Nasdaq close above 10000 for the first time.
We have another Fed event this Wednesday.

What was up this week: , Bonds, US dollar,
What was down this week: Stocks  , 

Coronavirus live updates   Coronavirus maps





S&P 500 market crash recovery (chart) ...pulled back this week 

High yield Corporate Bonds (HYG) -pulled back (2yr chart) 
Investment grade Corporate Bonds (LQD) -ditto (2yr chart) 




Market concerns:  Coronavirus... Unemployment?
Pops:   
Drops:   

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.


New all time highs:   ADBE, DOCU, PDD -short list
All time lows:    

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...


Next week:     
MTWTF
EARNING:, ORCL, , , 
Events:





This week's charts:


$NYA -NYSE Composite  -big pullback this week 
 (IWM)   Small-caps -ditto



Links...
10yr Interest Rates  -still veery low
Gold was down, closing near 1738 -back above $1700
The US Dollar was up, closing near 97.18
The 30 year Bond rallied, closing near 178.03

News:


Posted by 123Trader
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