Stock Market Weekly update -Aug 24
Another week, another weekly all time high for the SPX (barely), closing around 6466 after getting a big pop from the Fed speech at Jackson Hole on Friday. The DOW popped to a new all time high as well! Small-caps had the biggest pop but are still under the all time high. HD & LOW rallied for a 3rd week, as did the homebuilders(XHB). Interestingly, the Nasdaq100 actually dropped last week! PLTR dropped 10% for the week. CRCL dropped for a 5th week. The Dollar dropped a bit on lower interest rate expectations.. The VIX dropped to a pretty low level as the market popped on Friday.. The week ahead: PCE report Earnings NVDA! Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -down slightly to 4.26% The Dollar - down a bit to 97.73 Gold - up a bit to $3371 Oil - up a bit to $63.76 Bitcoin - up a bit to 117k ish New all time Highs : GOOGL, FAST, CBRE, HIG, TRV, RY, STT, UBS, NVS, VITL,...