Stock Market Weekly update -Oct 30th

 Last week saw another move higher, with a 4% rise in the SPX. The DOW rallied even more, while the Nasdaq was a bit weaker, after companies like GOOGL, AMZN, and META dropped on reporting earnings.

Next week we get more earnings, and the Jobs report on Friday. More importantly tho, we get the Fed rate announcement on Wednesday.

The long term weekly 'downtrend' from the January high continues in the SPX (weekly 20MA)...

The Dollar was down a bit more, as rates dropped. Gold was mostly flat, as was Oil.

Bitcoin/Crypto was up a bit.



The debt clock now shows over $31 TRILLION!

What to Expect in the Markets Next Week 

Pops:  GILD, SHOP, XOM   Drops:  AMZN, GOOGL, META 


S&P 500 -  Still rallying  -tho in a 'weekly' downtrend. 

$NYA -NYSE Composite & (IWM)  Small-caps: rally mode
HYG -High yield Corporate Bonds   (2yr chart) -ditto
LQD -Investment grade Corporate Bonds   (2yr chart) -still below the Covid lows!
Market concerns:   Inflation, Rising Rates, Russia/Ukraine, Japan?  
Over $31 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  HSY, LLY, XOM, HUM, UNH   All time lows:  , 
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -near 30, but dropping.
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE,  EEM EWZ, 

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

Next week:      
MTWThuF
Earnings:
AMD, LLY, PFE, BPCVS, QCOM, HUM
AMGN, COP, SBUX, MRNA, REGN, 
Events:





This week's charts:   Pre-Covid highs -link



The US Dollar -topped?

10/23: The state of Real estate?


META still in a Virtual freefall!








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