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
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 46.09
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
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