Stock Market Weekly update -Feb 23
We started the week off with a new all time high on Tue & Wed, then pulled back on Thu and crashed on Fri , which was Options expiration day for Feb! The DOW & Small-Caps were the weakest. PLTR dropped 14% for the week, AMZN -6%, META -6.2%, AVGO -7.3%, TEM -17.5%, CRWD -10.4%, CRM -6%, HIMS -31%, UNH -12.2%, WMT -9.8%, HD -6.6%, etc. Next week we get NVDA earnings, also CRM, HD, LOW and others. The S&P500 tried for a 3rd time since Dec to break out to new all time highs but failed again, falling back into the range where it has been stuck for the past few months. This week we could see more choppy price action -time will tell. This week: Schwab Weekly Trader's Outlook Edward Jones recap PCE, PMI reports The 10 year Interest rate -dropped to 4.42% The Dollar -flat at 106.64 Gold - rallied to another new ATH at $2934 Oil -dropped again to $70.18 Bitcoin/Crypto - dropped to near the 95k ...