Stock Market update -Aug 1

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)  (2yr chart) -holding near all time highs
Investment grade Corporate Bonds (LQD)  (2yr 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:   AMD, BNTX, BAM, EW, NKE, COST, DG, TGT, TEAM, YUM
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:SPGAMGN, BABA, CVS, ROKU, SQ, MRNA,CGC, DKNG, 
Events:

Jobs Report
 

This week's charts:

Repos gone wild!


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


Links...
Gold was up, closing  around 1814
The US Dollar was down, closing near 92.12
The 30 year Bond was mostly flat, closing near 164.90

News:

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