Stock Market update -Aug 8

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


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)  (2yr chart) -holding near all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -dropped 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:  BAM, DFS, GS, NKE, YUM -odd list, with the market at all time highs!
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:BNTX, TTD - AMCCOIN,EBAY, NIO , BIDU, PLTR - DIS, ,, , 
Events:
CPI 

This week's charts:  Vax stocks!





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

Links...
Gold dropped, closing  around 1763, below 1800!
The US Dollar was up, closing near 92.78
The 30 year Bond dropped, closing near 163.96

News:

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