Stock Market Weekly -Jun 12th

We saw a 200 point drop on Thu & Fri as the ECB announced their new 'tightening' program, we also got a much higher than expected CPI report on Friday, along with the lowest Consumer Confidence report ever in history!

Next week could see more big market moves, as the Fed is set to announce another interest rate hike, and as we get the biggest ever Quarterly Options expiration on Friday. We also have VIX Futures expiration on Wednesday. And Japan news on interest rates.

Bonds  headed down further last week, pushing interest rates back up.

The US Dollar also rallied. 

VIX rallied, only a bit tho... Oil was up, Gold was up. Bitcoin/Crypto dropped too.

AMZN dropped all week after doing a 20-1 split on Monday!

TSLA announced a 3-1 split.

What was up this week:  

What was down this week:  The Yen fell to a 20yr low!


S&P 500 - still in a weekly downtrend 
Dropped last week 


$NYA -NYSE Composite  -down last week
(IWM)   Small-caps: down last week.
HYG -High yield Corporate Bonds   (2yr chart) -still dropping, dropped to new lows last week!
LQD -Investment grade Corporate Bonds   (2yr chart) -same.
Market concerns:   Inflation, Rising Rates, Russia/Ukraine...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

All time lows:    HOOD, PTON
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -HIGH end of the range
ETFs SPY, IWM, QQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MSFT, NFLX, NVDA, T, TSLA...

Next week:      
MTWTF
Earnings:ORCL, 
 ADBE
Events:

Fed raises rates
VIX Futures expire
Qtr Options Ex


This week's charts: 


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