We did get a bounce this week, though we gave it back on Friday, on learning that the President had contracted the Covid-19 virus. We'll see what next week brings. Lost in the news flow on Friday was the monthly Jobs report, which actually came up short!
We are still in a downtrend from the Sep 2nd high, and if it continues we could see it get down to near the 200MA level around 3100 (250 points from here).
Gold was up, Oil was down. Bonds dropped.
What was up this week: BBBY
What was down this week:
S&P 500 March market crash V recovery (chart) ...small bounce so far
High yield Corporate Bonds (HYG) (2yr chart) -up this week
Investment grade Corporate Bonds (LQD) (2yr chart) -ditto
Market concerns: Coronavirus... Unemployment?
Over $25 Trillion in debt! See Debt Clock on the left, or here...
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:
This week's charts:
$NYA -NYSE Composite -held up well this week!
(IWM) Small-caps -ditto
Links...
Gold was up, closing around 1907 -back over 1900!!
The US Dollar was down, closing near 93.90
The 30 year Bond was down, closing near 175.90
News:
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