Stock Market Weekly

 The market continued to sell off pretty hard last week, with the Nasdaq100 and the Small-caps leading the way down.  We get a Fed meeting on Wed, which could turn things around -or not!

NFLX sank after reporting earnings, after already having sank since md-Nov. It has now dropped back to the pre-Covid, Jun 2018 high.

Consumer Inflation at 39-Year High With No End in Sight

VIX popped again, Oil was up a bit, while Bonds and Gold were also up! The Dollar was flat.    

First big week for earnings this week.


Bitcoin dropped some more, along with many alt-coins!

What was up this week:  nothing!
What was down this week:  everything!


S&P 500 - continued the sell-off from the 4800 top (chart link) 


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


Market concerns:   Inflation, Covid (Omicron), Russia? China Evergrande?  
Over $29 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  MDLZ, PG, PEP... short list!
All time lows:   NKLA, COIN, HOOD, RIVN, WISH 
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -HIGH 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:IBM, AXP, MSFT, JNJ, MMM, VZINTC, TSLAAAPL, HOOD, MCD, MA, V, CAT, CVX, 
Events:
FED



This week's charts:  
Ugly drop for NFLX



Nasdaq 100 at support?



$NYA -NYSE Composite  -dropped from the highs
 (IWM)   Small-caps -big drop from the range

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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