Stock Market Weekly update -Mar 29
The indexes were down for a 5th week, now well below the daily 200MA (the moving average), and again both stocks and bonds were down for the week -not normal, and Intertest Rates are moving higher as well. SNDK & WDC both dropped after popping the prior week, and MU dumped for a 2nd week! META, GOOGL, MSFT had big drops too! Gold recovered after a big drop. as did Oil. Markets will be closed for Good Friday. Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week U.S. endures weakest Treasury auctions in over 3 years as anxiety around Iran war grows S&P500 -dropping for 5 weeks! The week ahead: NKE earnings Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - moved up again to 4.44% The Dollar - moved up a bit to 100.19 Gold - Flat at $4493, after a big drop Oil - up a bit to $101.17 Bitcoin - down a bit to around 66k National debt $39.0...