Stock Market Weekly update -Aug 16
The S&P500 and the Small-caps hit all time highs again last week -the NASDAQ is still working its way back up since the June high! Both Oil and Gold were up as well, while the Dollar was flat, and Interest rates were up a bit. The inflation rate came in at 3.4%. The VIX hit a low of 14.25 on Friday. Markets continue in rally mode! After earnings, CRWV, SMCI, NBIS popped while CSCO dropped. The week ahead includes earnings reports from the Retailers, and monthly Options Expiration for August -could be a quiet week. S&P 500 closes lower, but posts third straight weekly gain 8/09 Great Q2 earnings pushing markets higher. The week ahead: Monthly Options exp . On Friday 6th week of Earnings: HD/LOW, WMT, ROST... Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up a bit to 4.70% The Dollar - unchanged at 99.63 Gold - up a bit to $4376 Oil - up to $82.39 Bitcoin - down to around 63k...