Stock Market update -Jan 10

Another week, another all time high! We kicked off the year with a big drop on Monday, followed by a huge rally the rest of the week. Most of the news was driven by political uncertainty regarding the senate race, and a mob invasion of the Capitol! Also a disappointing Jobs monthly number on Friday -nevertheless, the market powered higher.

Bonds dropped! As did Gold.  Oil was up.  The Dollar is holding near the lows...

Bitcoin continued to rally, reaching over 41k! 

What was up this week:  

What was down this week:  



S&P 500 -holding well above the Sep 2 & Nov 9 highs (chart) 

High yield Corporate Bonds (HYG)  (2yr chart) -continues still higher -all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -pulled back

Market concerns:  Coronavirus... Unemployment... 
Over $27 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:   NIO, TSLA,  CRSP, MRVL, TSM, BILI, SQ, AMAT, ROKU, JNJ, TJX, and more...
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -low end of the range
ETFs SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MU, NFLX, NVDA, TSLA...


Next week:      
MTWTF
Earnings:CCL, , 
DALC, JPM, WFC, PNC
Events:




This week's charts:

TSLA continued to shoot for the stars...


$NYA -NYSE Composite  -small pullback!
 (IWM)   Small-caps -new all time highs, again!


Links...
Gold was down, closing  around 1834
The US Dollar was up, closing near 90.38
The 30 year Bond was down, closing near 168

News:


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