Stock Market Weekly update -May 25
The market pulled back a bit last week with the SPX closing near 5802 (down 2%), after Moody’s downgraded the US credit rating, more Tariffs were announced, and the VIX monthly Futures expired on Wed. Gold rallied, as did Bitcoin which reached a high of over $11,000. Interest rates moved up slightly. Markets are closed on Monday . The week ahead: We got the dip in the indexes after that huge multi week rally -we’ll see where it goes from here, maybe more chop. Schwab Weekly Trader's Outlook Edward Jones recap GDP, Fed minutes More Retailer Earnings & NVDA The 10 year Interest rate -up slightly to 4.51% The Dollar - big drop to 99.10, taking back 4 weeks of gains Gold - rallied to $3357 Oil - flat at $61.69 Bitcoin/Crypto -rallied to 111k New all time Highs : INTU, CRWD, QBTS, IBN, PM, ALL time Lows : , Pops & Drops/5 day movers :, Pops: QBTS, IONQ, NVTS, NNE, OKLO Drops: Earnings movers: Pops...