Stock Market Weekly update -Oct 1st

  We saw another drop in equities last week, making it the 4th weekly drop, and continuing a reversal of the big 2023 uptrend in the Nasdaq. Bonds dropped again (dropping since April), continuing to push long term interest rates even higher.  We closed out the month of September with a big down move for the month, with a correspondingly big up move in long term Interest rates.

What to Expect in the Markets Next Week -  Jobs report? Other reports.

Week Ahead - Oct 2nd

The Dollar -was up again -11th week! The 10Yr Interest rate also pushed up again.
Gold dropped, Oil, was flat, holding up near the recent high!
Bitcoin/Crypto was slightly up.
VIX -was up again last week 
Pops & Drops/5 day movers:   NEE dropped, JBL popped on earnings

New all time Highs:  JBL
  -all time LOWS:    


S&P 500 - Pulling back for a 4th week -could see a nice relief rally this week


9/24: Percent of Stocks Above 50-Day Average ($MMFI)
Dropping back to the lows seen in March!


CNN ...Fear & Greed data
...time to buy?


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:

, 
Events:



Jobs report

This week's charts: 

 2023 1st Half returns -Indexes






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





9/24 Cattle -all time high!

9/24 Sugar

9/24 Cocoa, also OJ...



Inflation -including Food & Energy -which none of us use of course!
-from the Fed website (drag the slider on the site to see a shorter time frame)

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

News:
Dow sheds more than 100 points Friday, S&P 500 and Nasdaq wrap worst month in 2023
US equity funds see biggest weekly outflow in three months
Oil and Gas Stocks Topped S&P 500 Returns This Quarter as Crude Prices Surged
Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

24/7 Wall St.
Fear & Greed Index 

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