Stock Market Weekly update -Aug 23

 We got a pullback in all 4 indexes last week, while Interest rates, Gold, Oil, all moved up and Bitcoin rallied by over 15,000! On earnings, TGT popped, WMT, TJX dropped. GDX surged again as Gold rallied. The National debt is now over $40 Trillion! The Treasury announced bigger buybacks in order to lower rates, but rates went back up after a day! 

Dow surges 500 points Friday, but index posts back-to-back weekly losses

Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out



10Yr Interest rate since 2020 -are we heading back to 5%...?


The week ahead:  PCE report, Fed Jackson Hole

7th week of Earnings: NVDA. CRWD, CRM..

Schwab Weekly Trader's Outlook  

Edward Jones recap


The 10 year Interest rate - up a bit to 4.74%

The Dollar -  dropped to 98.84

Gold - rallied to $4602 

Oil - up to $86.63

Bitcoin  - huge rally to around 78k 

National debt  Also here -crossed the $40T level!

 

New all time Highs:  MRK, FCX, SCHW, USDE, VRTX, TVTX, 

  -ALL time Lows:   

Pops & Drops/5 day movers:  Pops:  TEM, MRNA, TGT, PURR, USDE, MSTR, BMNR, 

 Drops:   WMT, TJX, KLAR, AAP, INTC, NBIS,

Percent of S&P 500 stocks above the 50 day MA:   Dropped from 69% to 58%



Mon

Tue

Wed

Thu

Fri

Earnings


DKS, INTU

NVDA, CRWD, OKTA, CRM, HP

MRVL, DG, DLTR, AFRM

PURR

Events



PCE


Fed Jackson Hole



The Markets: The SPX pulled back after a 2 week rally, Interest rates continue to rise…


SPX  SPY weekly -  Pulled back last week



Interest rate (10yr)



Stocks last week - WMT, INTC dropped!



Sectors last week  -Healthcare was up



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, or here)


More charts:    


SMH -the Semis could be forming an ABC pattern to the downside



WMT -since the Double Top was pointed out in May!



CASY -most people probably missed this 20 year run! 



BTC -Bitcoin’s huge run last week




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?

06/30/26 -still near recent lows!


Links...



Top sites


Stocks/News:  

Nvidia earnings and Jackson Hole: What to watch this week

Dollar Drops to Three-Month Low as Treasury Expands Buyback Program

The national debt just hit $40 trillion. But just how big is $40 trillion?

Treasury doubles debt buybacks as Bessent moves to steady bond market

Moderna shares surge after it says its experimental mRNA cancer treatment passed a key test

Broadcom debt deal expected to reach upwards of $70 billion, sources say

Apple Announced Its Largest-Ever Stock Buyback Under Tim Cook's Leadership

Vietnam's Market Upgrade: FTSE Index Addition Lifts Country to Emerging Tier

State Farm's $5 billion dividend payout is largest in company history

JEPI Holds $46 Billion and Is Up 5.8% This Year. Four Funds With the Same Job Beat It by Double Digits

Global bond yields are surging. Here’s why it matters

Crypto/Blockchain: 

  -Global Market Cap: Now around  $2.6 Trillion   Current Crypto prices
XRP leads broad altcoin rally as bitcoin's biggest weekly gain in two years lifts crypto

XRP poised for biggest weekly gain in 21 months as Treasury buyback boosts sentiment

Hyperliquid hits new all-time high, up nearly 200% this year

Zcash hits eight-year high near $850 with futures volume near $10 billion amid Grayscale ETF push

Solana cuts mainnet slot time to 350 milliseconds in first step toward 200ms goal

RWAs as Collateral: The New Primitive

Crypto’s next billion users might be AI agents, and they’re paying with stablecoins

Robinhood CEO Vlad Tenev Says ‘Tokenization Supercycle’ Is Just Beginning

Visa looking for new stablecoin settlement partner after BVNK sale to Mastercard


Archives ..pre 2020

Comments

Post a Comment

Popular posts from this blog

Stock Market Weekly update -Nov 16

Image
The market dropped for a 3rd week, tho it recovered a bit on Friday, just as it did the prior week! The AI bubble could be near exhaustion here. Small-caps again dropped & this time closed below the huge drop we saw on 10/10.  Crypto had another big drop for the week, with BTC dropping below 100k to around 95k. Gold rallied! The government shutdown finally ended last week, the CPI report was cancelled, while new odds of a Fed rate cut in December dropped quite a bit.  This week we get Nvidia's earnings report on Wednesday, along with some of the big Retailers. The week ahead:   NVDA earnings Earnings -6th week/ winding down    NFLX 10:1 stock split Options Expiration for November Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -up a bit to 4.15% The Dollar - flat/down slightly to 99.27  Gold - rallied to around $4082. Oil - flat at around $59.94 Bitcoin   - dumped to around 95k  National debt $38.2 Trillion ...
Read more

Stock Market Weekly update -Aug 24

Image
  Another week, another weekly all time high for the SPX (barely), closing around 6466 after getting a big pop from the Fed speech at Jackson Hole on Friday. The DOW popped to a new all time high as well! Small-caps had the biggest pop but are still under the all time high. HD & LOW rallied for a 3rd week, as did the homebuilders(XHB).  Interestingly, the Nasdaq100 actually dropped last week! PLTR dropped 10% for the week. CRCL dropped for a 5th week. The Dollar dropped a bit on lower interest rate expectations.. The VIX dropped to a pretty low level as the market popped on Friday..   The week ahead:    PCE report Earnings  NVDA! Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -down slightly to 4.26% The Dollar - down a bit to 97.73  Gold - up a bit to $3371 Oil - up a bit to $63.76 Bitcoin   - up a bit to 117k ish   New all time Highs :  GOOGL, FAST, CBRE, HIG, TRV, RY, STT, UBS, NVS, VITL,...
Read more

Stock Market Weekly update -Nov 2

Image
   The market gapped up to new all time highs again last week, but then gave up most of those gains, leaving a ‘weekly’ tail bar on the SPX chart, a possible exhaustion signal (chart below). Small-caps dropped for the week.  AMZN, GOOGL, & CAT popped after earnings, MSFT, META, CMG, & BA dropped. The Fed cut interest rates by .25% as expected.  Gold dropped for a 2nd week.  No Jobs report next week as the government shutdown continues.   Mega Caps Daily chart  -Uptrend -Downtrend Crypto AAPL NVDA TSM GOOGL TSLA AVGO  AMZN? MSFT? META -dbl top NFLX BTC -choppy ETH  -multiple week downtrend -needs to overcome 4000 SOL -downtrend? Choppy. Needs to get above 200. The week ahead:    Earnings -4th week - Gov’t shutdown continues? 6th week Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -up a bit to around 4.10% The Dollar - rallied to 99.71  Gold - dropped again to close around $4002. O...
Read more