Stock Market Weekly update -Apr 6

 Another ugly week! We saw a huge drop in the markets on Thu & Fri after the tariff announcements, pushing the Nasdaq into -20% bear market territory, The S&P dropped 9% for the week.  Long term rates also dropped, along with the US Dollar.


 Nasdaq tumbles to join Russell 2000 in bear market.



Hedging against losses…

How? If you got ahead of the tariff announcement on Monday using an Inverse ETF like SQQQ (SPXS, SOXS, etc), it was up approximately 30% last week!




This week:  Schwab Weekly Trader's Outlook

Edward Jones recap

CPI, PPI

Bank earnings begin


This week: CPI, PPI, Consumer sentiment - more selling? 

The market is very oversold and is also at a ‘potential support’ level, so we could see a rally soon.  With lingering uncertainty tho, it would be prudent to use some kind of ‘hedge (like inverse ETFs) to help offset potential further losses.


The 10 year Interest rate -big drop to 3.99%

The Dollar -dropped to 102.89

Gold - dropped  to $3037

Oil -dropped to $62.43

Bitcoin/Crypto  -down a bit, near the 81k level 

 

New all time Highs: , KR, ED,   ALL time Lows:  - TLRY, CHPT, WU, UA, XRX

Pops & Drops/5 day movers:,   Pops:  -   Drops:  RH, SNDK, RIG

Earnings movers:  Pops:        Drops:, 

Percent of S&P 500 stocks above the 50 day Moving Average: dumped from a low of 33.59 to 11.3%


This week

Mon

Tue

Wed

Thu

Fri

Earnings



STZ

KMX

JPM, WFC, MS, BK, BLK, 

Events




CPI

PPI



Markets:  The indexes -more carnage!



SPX - broke all previous levels! Heading to lower levels? 




Stocks last week -everything dumped!




Sectors last week -




03/30: Credit Spreads





Market concerns:   Inflation! Wars? Debt?  Tariffs!

Now over $36.6  Trillion in debt!  See Debt Clock below, or here... 


Options watch:   

High IV (Implied Volatility) stocks -link   

High Options volume:   (most active link, or here)

ETFs

SPY, QQQ, IWM, SQQQ/TQQQ, SMH, XLF, XLE, VIX -also SPX index

Stocks

AAPL, AMZN, GOOGL, META, MSFT, NVDA, NFLX, TSLA...



More charts:






JBLU -flying very low! (15yr chart)





S&P 500 Total Percent Returns calendar



Name


Price

Solana

SOL

192.00

Chainlink

LINK

18.35

Uniswap

UNI

9.60

Sui

SUI

3.45

Ondo

ONDO

1.32


Feb 2025:   5 Cryptos to watch in 2025


Links...

10yr Interest Rates
Labor Force Participation Rate
U.S. Initial Jobless Claims
ETFs performance - Ranked by  Volume
 S&P 500 Sector performance

Top 100 Stocks

 Commodities / Futures
 Crypto   Crypto News
Largest Companies by Marketcap

News

Prior week: Dow closes 700 points lower as inflation and tariff fears worsen

Last week: Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff market rout deepens

S&P 500′s 10% 2-day collapse from Trump’s tariff shock ranks among the deepest in history

Major Manufacturing Shake-up: Intel Agrees to TSMC Takeover of Chip Foundries, Sources Say

 10-year Treasury yield falls to 4% as DXY softens

Crypto/Blockchain:  

BlackRock $1.9B BUIDL fund's 183% growth puts it behind just four stablecoins in tokenized dollar assets

Fidelity launches zero-fee crypto retirement accounts with exposure to Bitcoin, Ethereum and Litecoin

PayPal expands crypto offerings with Solana, Chainlink support

Stablecoin adoption grows with new US bills, Japan’s open approach

Stablecoin giant Circle reveals revenue growth in US IPO filing 



Crypto Banter (@crypto_banter) posted at 7:40 AM on Fri, Dec 06, 2024:

‘Blockchain’ Activity Breakdown… 

🔴 Solana ( $SOL ) dominates with 44% (DeFi leading at 4.5M)

🔴 $NEAR Protocol at 17.8% (Infrastructure: 1.4M)

🔴 $TRON holds 17.3% (Wallet-to-wallet transfers: 1.9M)

🔴 $BASE climbs to 5.2% (DeFi: 383K)

🔴 Ethereum ( $ETH ) & $SUI trail 


Dec 2024


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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