The SPX was up a bit this week after blowout earnings from the big tech companies on Thursday. The Nasdaq 100 still didn't make it back to the Jul 13 top, in spite of the blowout tech earnings. We also had a horrendous GDP report this week... worst since 1921 maybe. Next week we get the monthly Jobs report.
Gold & Silver saw big moves up this week.
Bonds continue to climb! (lower rates)
What was up this week: AAPL, AMD, QCOM, UPS Gold & Bitcoin
What was down this week:
Covid cases continue to increase -the US death toll is now over 155,000.
S&P 500 market crash recovery (chart) ...Still trying to hold the highs
High yield Corporate Bonds (HYG) (2yr chart) -weekly rally continues
Investment grade Corporate Bonds (LQD) (2yr chart) -ditto. All time highs!
Market concerns: Coronavirus... Unemployment? Hong Kong flareup?
Pops:
Over $25 Trillion in debt! See Debt Clock on the left, or here...
New all time highs: AAPL, AMD, FB, CHGG, DOCU, ETSY, CHD, DLR, FAST, INFY, LOW, QCOM, TWLO, and more
All time lows: HSBC
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, TSLA... |
This week's charts:
Some of the market leaders vs SPX & the Feb top
$NYA -NYSE Composite -still below the Jun highs
(IWM) Small-caps -ditto
Links...
Gold was up, closing over 1994 -approaching 2000
The US Dollar was down a bit, closing near 93.42
The 30 year Bond was up, closing near 182.43
News:
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