Stock Market update -Sep 12

The SPX dropped last week from its all time high -like clockwork! Seems like it drops every month around this time -near the monthly Options expiration. AAPL was down on Friday on a court ruling, helping to push some of the indexes lower.

The VIX rallied. Bonds were up a bit, still trying to find direction. Oil was flat, while Gold dropped. The Dollar was also flat. 

What was up this week:  ,  

What was down this week:  

Covid-19 death tolls, as of today 9/05: World…4,566,187, USA…664,935


S&P 500 -dropped from the 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 still spreading
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

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:ORCL,,, , , , ZS, , 
Events:

 

This week's charts:  






$NYA -NYSE Composite  -pulled back from all time highs!
 (IWM)   Small-caps -sideways since February!

Links...
10yr Interest Rates  -falling or rising?
Gold was up, closing  around , dropped below 1800!
The US Dollar was down, closing near 
The 30 year Bond was down, closing near 

News:

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