Stock Market Weekly update -Aug 23
We got a pullback in all 4 indexes last week, while Interest rates , Gold , Oil , all moved up and Bitcoin rallied by over 15,000! On earnings, TGT popped, WMT , TJX dropped. GDX surged again as Gold rallied. The National debt is now over $40 Trillion! The Treasury announced bigger buybacks in order to lower rates, but rates went back up after a day! Dow surges 500 points Friday, but index posts back-to-back weekly losses Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out 10Yr Interest rate since 2020 -are we heading back to 5%...? The week ahead: PCE report, Fed Jackson Hole 7th week of Earnings: NVDA. CRWD, CRM .. Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up a bit to 4.74% The Dollar - dropped to 98.84 Gold - rallied to $4602 Oil - up to $86.63 Bitcoin - huge rally to around 78k National debt Also here - crossed the $40T level! New all time Highs...