Stock Market update -Aug 23

The SPX was mostly flat this week, closing just above the all time high from last Feb. Time will tell whether we see a double top in this area, or a continued rally! 

TSLA & AAPL rallied yet again!

Gold & Silver tried to rally, but pulled back again.
Bonds were up a bit. Oil was flat.

What was up this week:  AAPL, TSLA
What was down this week: 

Covid-19 death tolls... World: 800,000   US 175,000





S&P 500 market crash V recovery (chart...now back above the all-time highs


High yield Corporate Bonds (HYG)  (2yr chart) -small pullback this week 
Investment grade Corporate Bonds (LQD)  (2yr chart) -ditto



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

Over $25 Trillion in debt!  See Debt Clock on the left, or here... 


New all time highs:   AAPL, BBY, COST, DHI, LEN, DE, JD, NVDA, TSLA, CP, PG, SQ, ZM, ZS. more
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...


Next week:     bby, dg, crm, panw
MTWTF
EARNING:
, , , , , 
Events:





This week's charts:



AAPL & TSLA stocks to split


$NYA -NYSE Composite  -just took out the Jun highs
 (IWM)   Small-caps -ditto



Links...
10yr Interest Rates  -still veery low
Gold dropped again, closing  around 1947 -back under 2000!!
The US Dollar was up a bit, closing near 93.20
The 30 year Bond was up, closing near 179.78

News:


No comments: