Stock Market update -Jul 18th

Last week we saw a drop, mostly on Friday, probably based on inflation concerns. It was also the July monthly Options expiration Friday. The NDX had been at a pretty extended level, so it was not a totally unexpected pullback.  We also kicked off earnings with some of the big banks reporting. Next week we'll hear from a lot more companies...

The VIX is perking up a bit, tho the futures expire this Wednesday.

Bitcoin and other cryptos were still weak.

Oil was down, while Bonds & Gold rallied a bit. 

The $US is still trending up


What was up this week:   
What was down this week:  SPCE

S&P 500 -dropped this week (chart) 


High yield Corporate Bonds (HYG)  (2yr chart) -dropped on Fri from all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -holding up near the highs

Market concerns:  Unemployment, Inflation... 
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

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:      Retailer earnings

MTWTF
Earnings:




Events:


 


This week's charts:



$NYA -NYSE Composite  -pulled back from all time high
 (IWM)   Small-caps -sideways for 3 months!


Links...
Gold was up, closing  around 1844
The US Dollar was up & down, closing near 90.28
The 30 year Bond was up & down, closing near 158.50

News:

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