Stock Market update -Aug 15

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)  (2yr chart) -holding near all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -lagging a bit

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, COF, DDOG, EBAY, JNJ,  MSFT, ORCL, NUE, YUM, and more...
All time lows:   NKLA,  
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 -RETAILERS

MTWTF
Earnings:RBLX,WMT, HD,  LOW, TGT, NVDA, CSCO
FL, , 
Events:

 


This week's charts:  



VIX -could reverse next week as the VIX Futures expire





$NYA -NYSE Composite  -another new all time high!
 (IWM)   Small-caps -still sideways, since February!

Links...
Gold dropped, closing  around 1781, still below 1800!
The US Dollar was flat, closing near 92.52
The 30 year Bond was up, closing near 164.81

News:

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