Stock Market update -Jun 7

The big market even this week was the rally on the Jobs report on Friday, where the numbers were shockingly the opposite of what was expected by all the 'experts'.  BTW, the BLS noted that there was an error in the calculation (by about 5 million!), but few people noticed. We saw about a 200 point swing from low to high in the S&P futures this week. Bonds dropped this week!

Economists Have Biggest Miss Ever in U.S. Jobs-Report Shocker

U.S. regains 2.5 million jobs in May, unemployment falls to 13.3%... 

Ex-acting Labor secretary defends BLS in the wake of jobs report misclassification error

Huge demonstrations against racism take to the streets around the world over George Floyd killing

What was up this week: Stocks, Oil

What was down this week: US dollar, Bonds, Gold

Coronavirus live updates   Coronavirus maps

Confirmed coronavirus cases are rising faster than ever

S&P 500 market crash recovery (chart) ...broke out higher 

High yield Corporate Bonds (HYG) -continued to move higher (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:   AAPL, ADBE, ECL, JD, FAST, PDD, SWKS, TTD, UNH, HD, and more 

All time lows:    

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -continuing to pull back!

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:     

7 Earnings Reports to Watch Next Week

	M	T	W	T	F
EARNING:	,	,	,	ADBE, LULU
Events:

This week's charts:

$NYA -NYSE Composite  -another big rally this week 

 (IWM)   Small-caps -ditto

Grayscale Ethereum Trust -popped this week!

Small Caps -Pushing the markets higher with overnight gaps, using Futures...

Small Caps...

Bonds dropped this week...

Links...

10yr Interest Rates  -still veery low

Labor Force Participation Rate (use 4 year chart) 

Fear & Greed Index  

ETFs - Ranked by  Volume
S&P 500 Sector performance -

Commodities/Futures (charts):  

Crude Oil  was up again, closing near 38.97

Gold was down, closing near 1688 -dropped below $1700

The US Dollar was down again, closing near 96.75

The 30 year Bond dropped, closing near 172.62

News:

Dow ends over 800 points higher after May jobs surprise

Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead

How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally

The stock market is off the rails

‘Bored’ Millennial Day Traders Boost Airline ETF’s Assets 2,930%

Quant Funds Dump Treasuries Positions Adding to Selloff

Opinion: ‘You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%

Zoom's revenue soars 169% as people flock to service during pandemic

Lenovo Will Sell Ubuntu on More ThinkPads, ThinkStations This Summer