Stock Market Weekly update -Sep 24th

  We saw a big drop last week after the Fed meeting, making it the 3rd weekly drop, and continuing a reversal of the big 2023 uptrend. Bonds also saw a huge drop after the Fed meeting, pushing long term interest rates even higher.  On Friday, we’ll get the PCE Price Index report, as we close out the month of September and the 3rd Quarter.

U.S. national debt tops $33 trillion for first time

The Dollar -was up again -10th week! The 10Yr Interest rate also pushed up again.
Gold was flat, as was Oil, holding up near the recent high!
Bitcoin/Crypto was slightly up.
VIX -popped last week 
Pops & Drops/5 day movers:  SPLK popped, NIO, SQ dropped for an 8th week 
Biotech was down -also WBA continued to drop for many weeks, like DG, DLTR, TGT, and others
We also saw drops in NVDA & TSLA

New all time Highs:  nothing of significance!
  -all time LOWS:    BYND, CHWY, CHPT, LCID,  PTON, SPCE, RAD


S&P 500 - Pulling back for a 3rd week 


Percent of Stocks Above 50-Day Average ($MMFI)
Dropping back to the lows seen in March!
S&P 500, Nasdaq notch biggest weekly losses since March




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! 
Now over $33 Trillion in debt!  See Debt Clock below, or here... 

Options watch:   
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM, VIX

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

Next week:      
MTueWThuF
Earnings:
COSTMUNKE, 
Events:


FedPCE

This week's charts: 

 2023 1st Half returns -Indexes



  Oil prices have been climbing since July  -Interest rates have been climbing since 2020




Sep 10th: 2008 ...2023



Cattle -all time high!

Sugar

Cocoa, also OJ...

Links...
ETFs performance - Ranked by  Volume
S&P 500 Sector performance 

News:
S&P 500, Nasdaq notch biggest weekly losses since March
Credit card losses are rising at the fastest pace since the Great Financial Crisis


24/7 Wall St.
Fear & Greed Index 

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