Stock Market Weekly update -May 17
We got a 7th week up in the S&P500, but just barely, as markets pulled back on Friday, with the pop in Interest Rates! Global bond yields are also rising, and CPI & PPI reports showed inflation to be on the rise again. AAPL hit another all time high, along with CSCO, while INTC saw a big pullback. Cybersecurity stocks popped! Bitcoin pulled back for the week, Stocks are up, Rates are up, Oil is up, Inflation is up, Consumer sentiment at an all time low! One of them might just be going the wrong way 🙂 Dow loses more than 500 points Friday as tech slumps and yields spike 30-year Treasury yield tops 5.1%, highest in nearly a year Consumer prices rose 3.8% annually in April, the highest since May 2023 Interest rates have been rising this year, al;ong with stocks! The week ahead: 6th week of Earnings - NVDA, HD, WMT… Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - rallied to 4.6% The...