TradingSense

Last week the SPX rallied once more to reach yet another new all time high. This week we get the monthly Jobs report on Friday. We also have the ongoing Afghanistan withdrawal which ends on Wed 31st. The market is at the upper end of its up-trending range, so we could see a pause sometime this week.  The VIX dropped as the SPX rallied...  Bonds traded up & down, still trying to find direction. Oil and Gold were both up. The Dollar pulled back a bit. What was up this week:  ,   What was down this week:   A blazing U.S. stock rally faces market’s toughest month Covid-19 death tolls…. World …4,357,282 USA…637,132 Brazil…567,914 India…430,759 Mexico…246,811 Peru…197,209 Russia…168,864 UK…130,801 S&P 500  -another new all time high  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -holding near all time highs Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - lagging a bit Market conce...

Last week the SPX  rallied a bit to reach new all time highs again, on very light volume. This week we get Options expiration on Friday, for August.   The Senate approved the $1 trillion infrastructure plan -more stimulus! The rally in recovery-focused stocks could depend on consumers and the Fed in the week ahead The VIX dropped again... VIX Futures expire next Wed Bitcoin and other cryptos continue recovering nicely. Bonds rallied on Friday, Oil was up a bit, and Gold recovered a bit, as the Dollar dropped on Fri.  What was up this week:  ,   What was down this week:  BNTX, MRNA -after the huge prior week rally Covid-19 death tolls…. World …4,357,282 USA…637,132 Brazil…567,914 India…430,759 Mexico…246,811 Peru…197,209 Russia…168,864 UK…130,801 S&P 500  -another new all time high  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -holding near all time highs Investment grade  Corporate Bonds (LQD) ...

Last week the SPX  finally broke out of the recent range to new all time highs, as we got a positive surprise from the Jobs report on Friday.  This week we get a few more earnings reports, along with the CPI report on Wednesday. Could be an uneventful week -or not! S&P 500, Dow close at record highs as solid jobs data boosts cyclicals U.S. is now averaging 100,000 new Covid infections a day The VIX dropped... Bitcoin and other cryptos continue recovering nicely. Bonds, Oil, and Gold dropped as the Dollar rallied.  What was up this week:  BNTX,   What was down this week:   S&P 500  -broke out to new all time high  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -holding near all time highs Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropped a bit Market concerns:  Unemployment, Inflation...  new  Covid  variant spreading Over $28 Trillion in debt! ...

Last week we  chopped around a bit as we got earnings from big tech, along with a Fed meeting, then closing almost unchanged.   This week we get more earnings, along with the monthly Jobs report on Friday.  As Covid Cases Rise All Over U.S., Lower Vaccination Rates Point to Worse Outcomes The VIX was mostly unchanged, like the market... Bitcoin and other cryptos are recovering nicely. Oil & Gold was up, Bonds mostly flat.  What was up this week:  AMD, BNTX, TEAM  What was down this week:  AMZN, PINS S&P 500  -stuck at all time highs  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -holding near all time highs Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - ditto 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 :   ...