Stock Market update -Sep 5

Last week the SPX rallied a bit more more to reach yet another new all time high. We could see a pause sometime soon from this non-stop rally. The monthly Jobs report on Friday was much, much lower than expected. The 20 year US presence in Afghanistan has now ended.

The VIX dropped as the SPX rallied... Maybe approaching a bottom here.

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

Stocks end week on a downbeat note after disappointing jobs report — Five experts on what’s next

Hurricane Ida caused major damage, flooding, and deaths, from Louisiana to New York!

What was up this week:  MDB,  
What was down this week:  

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


S&P 500 -holding near all time highs (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 still spreading
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  ADBE, ABT, AMT, CMCSA, MDB, ZS, and others  
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:,,, GME, LULU, , ZS, , 
Events:

 

This week's charts:  



VIX -could see a reversal soon




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

Links...
10yr Interest Rates  -falling or rising?
Gold was up, closing  around 1828, holding above 1800!
The US Dollar was down, closing near 92.20
The 30 year Bond was down, closing near 162.75

News:

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