Another see-saw week, as we dropped earlier in the week, then recovered on Friday. The indexes have been in a downtrend since Sep 2nd, after the AAPL & TSLA split and the market exuberance that came with it! We could be at a decent 'support' level here, and may see some kind of a rebound from this drop.
Gold was down, Oil was down. Bonds were up.
What was up this week: ,
What was down this week:
S&P 500 March market crash V recovery (chart) ...Dropped again
High yield Corporate Bonds (HYG) (2yr chart) -dropped this week
Investment grade Corporate Bonds (LQD) (2yr chart) -ditto
Market concerns: Coronavirus... Unemployment?
Pops:
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 -pulling back with the rest of the market
(IWM) Small-caps -ditto
Links...
Gold was down, closing around 1864 -back under 1900!!
The US Dollar was up, closing near 94.64
The 30 year Bond was up, closing near 177.12
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