Stock Market Weekly update -Sep 20
We pulled back a bit in the indexes last week, except for the Nasdaq. All have been trending down for the past 5 weeks. The Semis have been mostly trending down since the June all time high. AMD had a nice rally though, as did Bitcoin. Crypto Altcoins are also seeing huge rallies (pic below) ! META rallied for a 4th week, and MPC, VLO, and PSX continued their multi-month rally from January! MCD has been trending down for 7 months now. Oil closed at around $100 again, after hitting $106. And t he Fed raised Interest Rates by .25 points for the first time in 3 years . The week ahead could be a quiet one -no major events -watching Oil prices & Interest rates. Dow falls Friday and posts worst week since March as Treasury yields rise The SEC Greenlights Tokenized Stocks... With Caveats Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’ The week ahead: … Options Expiration Schwab Weekly Trader's Outlook ...