Stock Market Weekly update -Sep 13
We pulled back a bit in the major indexes last week, while we saw another meaningful rise in long term Interest rates , and Oil rallied for yet another week ! AAPL rallied while NVDA dropped, as did Bitcoin and Gold . META also rallied for a 3rd week. Semis were mostly unchanged. CPI & PPI reports indicated continued inflation! The week ahead could see some volatility as the Fed is scheduled to make their Interest Rate announcement on Wed. Dow rises 500 points to snap 4-day slide as oil cools, traders look past inflation report Diesel hits all-time high of $6 per gallon, and just about everything will cost more The week ahead: Fed on Wed… Options Expiration Monthly & Quarterly Schwab Weekly Trader's Outlook Edward Jones recap 10 year Interest rate - trending up since Feb, now at 4.98% US Dollar - flat at around 99.09 Gold - dropped for a 3rd week to $4347 Oil - rallied to almost $105 but closed at $99.98 Bitcoin - dropp...