Stock Market Weekly

We saw a pullback from all time highs near 4800 on the SPX, after the release of the fed minutes.  We are back down to a potential support level, tho it could break down further.

 CPI and PPI reports this week. And some of the big banks report on Friday. 

VIX popped. Once again, Oil was up a bit, while Bonds and Gold dropped! The Dollar was flat, near recent highs.   Bitcoin dropped some more.

What was up this week:  Interest rates! Banks...
What was down this week:  lots!


S&P 500 - Failed the breakout from 4700! (chart link) 


High yield Corporate Bonds (HYG)  (2yr chart) -dropped
Investment grade Corporate Bonds (LQD)  (2yr chart) -dropped


Crypto wins in 2021!


Market concerns:   Inflation, new Covid (Omicron)...  
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  BK, BNS, PNC, RY, ADM, BRK.B, DG, MET, SCHW, UNP, and more.
All time lows:    DIDI, CLOV, CLVS, 
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:      
MTWTF
Earnings:,

DAL, TSMBLK, C, JPM, WFC
Events:
CPIPPI


This week's charts:  

Rates rising




$NYA -NYSE Composite  -still rangebound for months now
 (IWM)   Small-caps -same

Links...
Gold dropped as rates moved up, closing around 1796
The US Dollar was flat, closing near 95.74
The 30 year Bond dropped, closing near 155.25

News:

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