Stock Market Weekly update -Jul 12
The S&P 500 & Nasdaq were up for a 2nd week, but still in a consolidation range since the 9 week rally. The Small-caps were down for a 2nd week, tho still near all time highs. The Semis rallied after dropping for 2 weeks. The VIX hit multi-year lows as the Iran war continues, and as 30 year Bond yields climbed over 5%, the highest since 2007! 🤔 The week ahead could see the S&P500 rally to a new all time high as it's very close to that level now! S&P 500 closes higher to notch a winning week, helped by tech gains Long-Term U.S. Bond Auction Sees 5.058% Yield, Highest Since 2007 U.S. and Iran trade airstrikes again amid conflicting claims over Strait of Hormuz Dow Bottomed At 6,460 Points In March 2009 – It Has Risen 8-Fold Since then The week ahead: Bank Earnings, plus NFLX CPI, Fed/Congress Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up again to 4.57% The Dollar - dropped a bit to around 10...