Stock Market Weekly update -Oct 15th

The SPX has been mostly flat for the past 3 weeks after the initial 4 week drop.  We saw some selling again on Thu & Fri. The Small-caps are back down almost to the lows we saw in 2022, which also happens to be the pre-covid highs seen in early 2020 -a further break below this level would not be a good sign! However, none of the other indexes are near this level . We also saw the VIX rally on Friday.

From a weekly view, the 10 year Interest rate pulled back after a multi-week rise. 

What to Expect in the Markets Next Week - big earnings week, retail sales data.

The Dollar -rallied again, now in a 13 week rally! But the 10Yr Interest rate dropped a bit.
Gold rallied, Oil was up a bit.
Bitcoin/Crypto was down a bit.
VIX -was up again 
Pops & Drops/5 day movers:   LLY, NVO, MRO, 
Percent of Stocks Above 50-Day Average 25%
New all time Highs:  LLY, NVO, AFL, PGR, AVGO, PANW, REGN, VRTX
  -all time LOWS:      CHWY



S&P 500 - starting to pull  back -big earnings week ahead!


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! Govt shutdown?
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:SCHWBAC, GS, JNJ, LMTMS, PG, TSLA, NFLX, LRCX,TSM, FCX, ISRGAXP
Events:
Retail Sales

This week's charts: 

 2023 1st Half returns -Indexes





      10/08:  Oil Pulled back last week



10/08: Rates -Another week higher!
  Oil prices have been climbing since July  -Interest rates have been climbing since 2020






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

News:
S&P 500 closes lower on Friday, but notches second straight positive week: Live updates
Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates
24/7 Wall St.
Fear & Greed Index 

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