Stock Market Weekly update -Jun 21
We popped higher in the S&P500 on Monday but gave back much of those gains by Thursday. However the Dow, Nasdaq, and the Small-caps closed at all time highs. Likewise for the Semis, while SNDK popped again to also close at another all time high! The Energy sector dropped for a 2nd week as Oil dropped to around $75. Gold dropped for yet another week. The Fed kept Interest rates unchanged, and the 10yr rate remained mostly unchanged as well. Stock Markets continue in a weekly uptrend,
S&P 500 closes higher, Nasdaq climbs nearly 2% as chips fuel comeback from Fed sell-off
Semis continue to rocket higher!
The 10 year Interest rate - down a bit to 4.45%
The Dollar - up over 100 again at around 100.76
Gold - dropped again to $4155
Oil - dropped below $80 to $76.55
Bitcoin - mostly flat around 63.5k
National debt $39.2T
New all time Highs: INTC, AMAT, MU, MRVL,ISM, LRCX, WDC, SNDK, ARM, NBIS, ALAB, JPM, BNY, CAT, and more -ALL time Lows:
Earnings movers: Pops: -Drops: ,
% of S&P 500 stocks above the 50 day MA: DOWN from 60% to 55$
The indexes: Indecision in the S&P500, 3 weeks after the 9 week rally…
SPX SPY weekly - Pause or reversal?
Stocks last week - Semis in the green again…
Sectors last week -Materials led!
Market concerns: Inflation? Debt? War, anything…?
Options watch: High IV (Implied Volatility) stocks -link
More charts:
SNDK -STIIIIL GOING!
MU -STIIIIL GOING!
06/14 – Mag7 stocks lagging the S&P500 this year –
06/14 Chips vs S&P500!
5/17: The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low.
S&P 500 Total Percent Returns calendar
Feb 2025: 5 Cryptos to watch in 2025, 2026
10/12/25: Added AVAX, 11/23 This recent dip may be a good opportunity to buy/add
02/15/26: Buy the dips here?
Links...
Top sites
Stocks/News:
Salesforce to buy AI customer service platform Fin for $3.6 billion to boost agentic offerings
IonQ (IONQ) Expands Commercial Reach With 256 Qubit Dublin Quantum Deployment
Fox strikes a $22B deal to buy Roku, aiming to supercharge its streaming reach
The average SpaceX buyer post-IPO is almost under water after two-day slide
The budget airline model in the U.S. is running out of runway
The US Strategic Petroleum Reserve is now at its lowest level since the early 1980s
CME Group’s Terry Duffy to step down in 2027, CFO Lynne Fitzpatrick to become CEO
Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows
Homeowners tapped $47 billion in equity in the first quarter.
Crypto/Blockchain:
-Global Market Cap: Dropped to around $2.2 Trillion Current Crypto prices
Coinbase Gears Up to Launch Tokenized Stock Trading, Crypto and Equities Options
ONDO truly continues to go GLOBAL
The tokenization race is quickly becoming a 3-horse race:
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