Stock Market Weekly update -Oct 8th

We saw a big rally on Friday after the Jobs report, taking us back to the closing price from 2 weeks ago on the SPX, where a support level was broken. We'll see if this level will now act as resistance in the coming week.
Bonds saw a big drop, continuing to push long term interest rates even higher.  Oil saw a big drop last week too. Interestingly, Orange Juice climbed to a multi-year high, after rising steadily since early 2022.

What to Expect in the Markets Next Week - CPI, Banks & other earnings.

Week Ahead

The Dollar -pulled back after an 11 week rally! But the 10Yr Interest rate pushed up yet again.
Gold dropped, Oil dropped big, taking out a few weeks of gains!
Bitcoin/Crypto was flat.
VIX -was up again, then pulled back 
Pops & Drops/5 day movers:   NEE dropped further! As did VFS.

New all time Highs:  CBOE, JBL, XPO, 
  -all time LOWS:      BIG, ANGI



S&P 500 - Reversed to the upside after a 4 week drop


Options trading has exploded in recent times -CBOE Options Exchange


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:
PEPDAL, DPZ, WBA JPM, BLK, C, WFC, PNC, UNH
Events:

PPI, Fed minutesCPI
This week's charts: 

 2023 1st Half returns -Indexes





       Oil Pulled back last week



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





Once a hi-flyer -Beyond Meat



VFS -The potential danger of chasing IPOs




10/01: 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:
A key inflation gauge and bank earnings: What to know this week
Housing market: Monthly payments up 122% in 3 years, report says
24/7 Wall St.
Fear & Greed Index 

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