Stock Market update -Dec 13 2020

We got a small pullback this week -next week we'll se if it continues, or if we rally back from here -maybe on vaccine news.

Fed meeting on Wed.

DIS spiked!

Bonds dropped, while oil was up and Gold rebounded a bit.

Bitcoin continues to hold up just under the 20,000 level.

The Dollar is holding near the lows...

What was up this week:  BILI, DIS, EDIT, NTLA, NVTA, MDB, PINS, ROKU, SNAP, SQ, RDFN, TWLO, Z, and more...
What was down this week:  




S&P 500 -holding above the Sep 2 highs (chart

High yield Corporate Bonds (HYG)  (2yr chart) -continues higher -all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -stalled?

Market concerns:  Coronavirus... Unemployment... 
Over $27 Trillion in debt!  See Debt Clock on the left, or here... 

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:     CCL MU, NKE FDXGIS 
MTWTF
Earnings:

FDX, GIS, RADNKE
Events:




This week's charts:

EDIT: Gene editing company!




$NYA -NYSE Composite  -almost back to the Feb high
 (IWM)   Small-caps -new all time highs!



Links...
Gold was flat, closing  around 1843
The US Dollar was flat, closing near 90.90
The 30 year Bond was up, closing near 173.63

News:

Disney stock hits record high after Disney+ subscriber surge

The Wealthy Are Jumping Into Bitcoin as Stigma Around Crypto Fades

Oracle moving from California to Texas, joins Tesla, Hewlett Packard

Say Goodbye to Aurora Cannabis and Hello to These Hot Pot Stocks


Stock Market update Dec 6

The market rallied once again this week to close at new all time highs, with the DOW closing above 30,000!  And the small-caps continue to lead. Bonds dropped, while oil was up and Gold rebounded a bit.

US economy misses forecasts, adds 245,000 jobs in November as unemployment falls to 6.7%


Bitcoin continues to hold up just under the 20,000 level.

The Dollar continued to drop!

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



S&P 500 -holding well above the market highs seen before Covid (chart

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:     
MTWTF
Earnings:ZMCRM, 
DOCU, DG, ULTA
Events:




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...
Gold recovered a bit, closing  around 1842
The US Dollar was down again, closing near 90.80
The 30 year Bond was down, closing near 171.53

News: