Stock Market Weekly update -Jul 14

  We closed out the week at around 5615 on the SPX, hitting another all time high. The Russell 2000 (small-caps) finally saw a big rally for the week. Seems like Thursday was a big rotation out of Tech and into Small-caps. The big 'news' story on Friday? ...the DOW  closed over 40000! Seems like aunt Mary & uncle Bob jumped in at the last minute and pushed it up just enough to get it to close over that level for a good news story, closing at 40,001 :)

On Thursday the CPI came in better than expected, but the market tanked, and on Friday the PPI came in worse than expected, but the market saw a huge rally!  Aunt Mary and Uncle Bob are now thoroughly confused :)


Next week:  Schwab Weekly Trader's Outlook


1st big Earnings week -could drive the markets. No major economic reports.


Insane moves for CPI & PPI last week 

Rally up, big drop, bigger rally, drop again…


New all time highs:  BK, GS, EQH, AMGN, REGN, LLY, NVS, ICE, OKE, AJG, MMC, ROST, TJX, GDDY, WPM, and more

The 10 year Interest rate (4.19%)  -dropped again
The Dollar -dropped again
Gold -rallied
Oil -up a bit
Bitcoin/Crypto -recovered a bit
Pops & Drops/5 day movers:  QS, LCID, SOUN, popped
Earnings movers:   BK popped, WFC dropped

Next week:      
MonTueWedThuFri
Earnings:BLK, GSBAC, MS, UNHASML, JNJ, DPZ, MMC, NFLX, TSM, ISRGAXP, TRV
Events:




Markets:
Another all time high
S&P 500 - Another weekly all time high
Stocks last week +- 6% circled


Market concerns:   Inflation? Wars? Price extremes? Anything?
Now over $34 Trillion in debt!  See Debt Clock below, or here... 


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

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

More charts: 
LLY -10th week up! New all time high
LLY - 10th week up! New weekly all time high
Links...

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