Stock Market Weekly update -Aug 27th

The SPX and Nasdaq finally recovered a bit after 3 weeks of selling. The DOW & Small-caps did not recover, but instead sold off some more. The Dollar rallied for a 6th week, keeping the pressure on equities. NVDA popped after earnings, but then gave it all back, leaving somewhat of a Tail bar at the high, on the weekly chart.

Prior week update: DIS is below the Covid lows seen in 2020, as is MMM, WBA, and VZ, all DOW stocks! 
This week: all dropped further last week except for VZ.
Also, Retailers are mostly weak (exc WMT):  chart


What to Expect in the Markets Next Week - Monthly Jobs report, PCE report 
The Dollar -was up for a 6th week! Likewise for the 10Yr Interest rate.
Gold was up, while Oil was down for a 2nd week, after a 7 week rally!
Bitcoin/Crypto was mostly flat.
Pops & Drops/5 day movers:  AFRM popped,  AMC, DKS, FL, DLTR, M, JWN, ULTA, TGT, HE dropped
New all time Highs:  AJG, MMC, VRT, 
  -all time LOWS:    AMC, RAD, CHPT, HE, SPCE, ACB



S&P 500 - Small recovery last week ('Weekly' chart)


DOW -leading up

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed


Market concerns:   Inflation? Interest rates? 
Over $32 Trillion in debt!  See Debt Clock on the left, or here... 


Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -up last week
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV, VIX

Stocks AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA...

Next week:      
MTueWThuF
Earnings: , NIOCRMAVGO, LULU, 
Events:





This week's charts: 

 2023 1st Half returns -Indexes










Links...

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