Another down week for the markets, making it 3 in a row, before the election next week. We got earnings for the big tech companies this week, mostly with some downside reactions.
Next week we could be in for some added volatility because of the elections -we'll see. The S&P500 is now at a potential support level where it could head in either direction.
Tech earnings took a dark turn this week with warnings about the coronavirus and election
Gold was down, Oil was down, and Bonds dropped a bit.
Bonds have been in a downtrend recently (higher rates)
What was up this week: DNKN
What was down this week: TWTR
Could bounce from here, or break the support level
High yield Corporate Bonds (HYG) (2yr chart) -holding near the highs
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...
New all time highs: CL, FIVN, ZEN,
All time lows: RIG
Options watch: S&P 500 Implied Volatility (CBOE VIX) -rally!
| 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 -pulled back again!
(IWM) Small-caps -ditto
Links...
Labor Force Participation Rate (use 4 year chart) -rebounding?
ETFs - Ranked by VolumeS&P 500 Sector performance -
Crude Oil dropped again, closing near 35.72
Gold dropped, closing around 1878 -back under 1900
The US Dollar was up, closing near 94.05
The 30 year Bond was down, closing near 172.10
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