The SPX had a nice gap up and rally on Monday morning (a regular occurrence now), followed by more rallies the rest of the week. Seems like its headed back up to the all time high from last Feb (before the virus hit), in spite of the huge hit to the economy, GDP, and employment levels.
Gold & Silver rallied some more this week.
Bonds were flat. Oil was up a bit.
What was up this week: AAPL, AMD, UPS, FDX
What was down this week:
Covid cases continue to increase (now over 5 million) -the US death toll is now over 162,000.
S&P 500 market crash recovery (chart) ...now trying to reach the all-time highs
High yield Corporate Bonds (HYG) (2yr chart) -approaching all time highs
Investment grade Corporate Bonds (LQD) (2yr chart) -waaay beyond all time highs!
Market concerns: Coronavirus... Unemployment?
Pops:
Over $25 Trillion in debt! See Debt Clock on the left, or here...
New all time highs: AMD, FB, FAST, NVDA, TMUS, TTD, UNH, UPS, W, Z, 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:
UPS delivers!
$NYA -NYSE Composite -still below the Jun highs
(IWM) Small-caps -ditto
Links...
Gold was up, closing around 2028 -now over 2000!!
The US Dollar was unchanged, closing near 93.41
The 30 year Bond was down a bit, closing near 181.60
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