Stock Market update -Jul 25th

 Last week we saw a continuation of the prior Friday drop on Monday, followed by a massive rally, closing the indexes at all time highs again (except the Russell 2000 small-caps):

DOW over 35000
S&P over 4400
Nasdaq100 over 15000

This week we get earnings from the big tech companies and other notables like TSLA, AMD, BA, along with a Fed meeting thrown in for good measure!

Dow jumps more than 200 points to close above 35,000 for the first time ever

Covid cases are rising again in all 50 states across U.S. as delta variant tightens its grip

The VIX dropped last week with the market rally.

Bitcoin and other cryptos were trying to recover.

Oil was up, while Bonds & Gold dropped a bit. 

The $US is still trending up


What was up this week:   FB popped, CMG, SBUX
What was down this week:  Chinese companies

S&P 500 -BIG recovery to new all time highs (chart) 


High yield Corporate Bonds (HYG)  (2yr chart) -almost back to all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -holding up near the highs

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

New all time highs:   ADBE, FB, MSFT, MCD, NKE, SBUX, ORCL, PYPL, SNAP, MRNA, BNTX, and more...
Stocks on the move:  BNTX, MRNA

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:      Earnings

MTWTF
Earnings:TSLAAAPL. AMD, GOOGL, MSFT, VFB, BA, MCDAMZN, MACAT, CVX, XOM, 
Events:
Fed meeting
 

This week's charts:

Earnings this week:
  • Tesla (NASDAQ:TSLA)
  • Apple (NASDAQ:AAPL)
  • Microsoft (NASDAQ:MSFT)
  • Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG)
  • Advanced Micro Devices (NASDAQ:AMD)
  • Facebook (NASDAQ:FB)
  • Amazon (NASDAQ:AMZN)

Repos gone wild!


$NYA -NYSE Composite  -trying to get back to all time highs
 (IWM)   Small-caps -sideways since February!


Links...
Gold was down, closing  around 1802
The US Dollar was up & down, closing near 92.90
The 30 year Bond was down, closing near 164.19

News:

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