Stock Market Weekly update -Jun 28

 We saw a big drop on Tuesday morning in the SPX and the Nasdaq, closing on Friday at an even lower level, making it a 4th week below the 9 week rally high. Tuesday’s selloff was triggered by a 10% drop in the Korean index (KOSPI).  However the DOW and Small-caps closed at new all time highs, indicating a rotation away from the previous high fliers. Apple dropped after announcing a price increase in their computers. The Semis had a big drop in spite of great earnings from MU.  Oil dropped for another week to around $70. Gold also dropped for yet another week as the Dollar continued to rally!  Healthcare (XLV) was the outstanding sector last week, while Tech was the worst performer!

GOOGL joins the DOW on Monday! Also SPCX  joined the Russell 1000, and will join the Nasdaq next Monday. Markets will be closed on Friday for the July 4th holiday. 

Nasdaq Composite posts fifth losing session Friday as chip stocks tumble

(PCE) Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears



The 10 year Interest rate - dropped again to 4.37%

The Dollar - up again at around 101.36 

Gold - dropped again to $4088  

Oil - dropped to $70.25

Bitcoin  - dropped to around 59.5k

National debt  $39.3T 

 

New all time Highs:  ABBV, JNJ, LLY, PANW, FTNT, MNST, VSXY, TRV, ALL, plus lots of lesser known companies! Big rotation!

  -ALL time Lows:   CBRS

Pops & Drops/5 day movers:,   

Earnings movers:  Pops:  MU, KBH   -Drops: , 

% of S&P 500 stocks above the 50 day MA:   Up from 55% to 64%


This week

Mon

Tue

Wed

Thu

Fri

Earnings


NKE

GIS

BMNR



Events




Jobs 

Holiday!


The indexes: SPX still chopping around since the  9 week rally high…

New all time high in the Small-caps!



SPX  SPY weekly -  Pause or reversal? Still showing weakness from the recent high..



Small-caps at a new all time high!



Stocks last week - Healthcare was strong, Tech/Semis were weak!



Sectors last week  -Healthcare led!





Market concerns:   Inflation? Debt?  War, anything…?

Options watch:   High IV (Implied Volatility) stocks -link   

High Options volume:  

ETFs

SPY, QQQ, IWM, SMH, VIX -also SPX index

Stocks

Mag7 & others   (most active link, or here)



More charts:    


06/14 – Mag7 stocks lagging the S&P500 this year –




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  


Name


Feb 2025

04/27

06/30

01/04/26

03/01

Solana

SOL

192.00

149.30

149.60

134.50

84.00

Chainlink

LINK

18.35

14.48

13.28

13.40

8.80

Uniswap

UNI

9.60

5.57

6.98

5.90

3.75

SUI

SUI

3.45

3.55

2.77

1.70

0.90

ONDO

ONDO

1.32

0.95

0.75

0.44

0.26

Avalanche

AVAX

-

-

-

14.00

9.00

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:

AI jitters meet a jobs report and falling oil prices: What to watch this week

Fox (FOXA) Is Buying Roku, And Its Streaming Push Just Got Bigger

Corning (GLW) Lands Amazon Fiber Deal As AI Data Center Demand Builds

Microsoft’s Worst Month Since 2000: Why Is This Happening?

The memory shortage shaking Apple and Microsoft is ‘existential crisis’ for smaller players

South Korea’s SK Hynix plans $29 billion Nasdaq ADR listing

NASA Selects Rocket Lab to Launch Sun, Earth Sciences Missions

QBTS or RGTI: Which Quantum Stock is Poised to Lead in H2 2026?

Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact

Alphabet makes the Dow look more like the Nasdaq

IRAs hold trillions more than 401(k) plans — yet people hardly save in them

Corporate profits were already at historic highs. They shot even higher in Q1.

Venezuela quake death toll reaches 1,450 as rescue work goes on

Crypto/Blockchain: 

  -Global Market Cap: Dropped to around  $2.2 Trillion   Current Crypto prices
Bitcoin ETFs see record investor flight as the cryptocurrency hits lowest levels since 2024

Kraken eyes 15% stake in DeFi lender Aave in deal valuing protocol at $385 million


Archives ..pre 2020

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