The market rallied this week to close at new all time highs once again! The small-caps continue to be strong too. The gains this November will set a market record!
Dow Surges Past 30,000 Points For 1st Time In Historic Milestone
Black Friday traffic in stores craters 52% during pandemic as e-commerce sales surge
TSLA continued to push higher on the back of being included in the S&P500 -now with a PE ratio of 1120 and a market-cap of $550 billion!!
Crude oil rallied, while Gold tanked, possibly at a support level here, just under 1800.
Bitcoin had a mini crash on Thanksgiving day, but recovering so far.
The Nikkei (Japan) saw a huge rally this month.
The Dollar keeps dropping, and is now at the level seen on Sep 2nd (the prior stock market top), possibly offering some support here?
Bonds seem to be wanting to move back up.
What was up this week:
What was down this week: Bitcoin
The U.S. Passes 4 Million Cases in November Alone, Doubling October’s Tally
High yield Corporate Bonds (HYG) (2yr chart) -huge 3 week move -all time highs
Investment grade Corporate Bonds (LQD) (2yr chart) -ditto
Market concerns: Coronavirus... Unemployment...
Over $27 Trillion in debt! See Debt Clock on the left, or here...
New all time highs: AMAT, BILI, COST, CRSP, ETSY, ENPH, MRNA, NET, TSLA, TGT, TMUS, PINS, SQ, and more...
Options watch: S&P 500 Implied Volatility (CBOE VIX) -low end of the range
| 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:
TSLA -now at a 1160 PE :)
IWM -small-caps -huge Nov rally
US Dollar/S&P 500 correlation
$NYA -NYSE Composite -almost back to the Feb high
(IWM) Small-caps -new all time highs!
Links...
Labor Force Participation Rate (use 4 year chart) -rebounding?
ETFs - Ranked by VolumeS&P 500 Sector performance -
Crude Oil was up, closing near 45.52
Gold dropped again, closing around 1790
The US Dollar was down a bit, closing near 91.83
The 30 year Bond was up, closing near 175.03
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