Is More than a Number on a Statement
S&P 500 Weekly Market Report — Let’s fight Inflation — this week was a roller coaster for sure. With Jerome Powell raising rates 50 basis points (as expected) the market rallied — then gave it all back and then some for the following 2 days. The S&P 500 index 200 EMA (red line) and the 50 EMA (green line) provided a … Read more
Weekly Market Report – Once again, the S&P 500 (SPY) ended the week down -2.39%. It is trading below the 200 day EMA (red line) and the 50 day EMA (green line). Technology was the worst hit sector, down over -5%, followed by Communication Services and Healthcare. The winners this week were Energy up 3.17%, … Read more
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Weekly Market Report – The S&P 500 (SPY) ended the week down -1.52%. Healthcare, Natural Gas, Energy, Uranium, and Gold all outperformed the SPY. Technology, Real Estate, Homebuilders, and Semiconductors underperformed. The Weekly Crypto Report – BTC ended the week down -8.72%, and is struggling to hold above the 50 day EMA. If you enjoyed … Read more
Huge rise in 30 year mortgage rates over the past few weeks The 10 year – 2 year rates have inverted. This could be an indicator of recession months down the line. The S&P 500 retreated slightly from its recent breakout, but maintains the 200 day Exponential Moving Average. The VIX (fear indicator) retreated from … Read more
10 year 2 Year Inversion is Close BTC Close to 50K! Luna up 6%. SPY traded up 0.71%. QQQ up 1.45%. Commodities down near 2%
Finviz Weekly Market Map – Besides the usual suspects holding this market up (AAPL, GOOG, MSFT, AMZN, TSLA), we continue to see Energy, Insurance (BRK-B), Aerospace, Defense, and Materials climb. Financials are getting support from rising interest rates. Housing related stocks are dropping, possibly due to higher mortgage rates, increasing inflation, and decreasing home affordability. … Read more
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Let’s take stock of the current moment: inflation is running too hot as we exit the Covid 19 pandemic disruptions AND we are on the verge of WW3. Why do I mention this? Because in my opinion Bitcoin should have broken $100k based on this information. The main use case is two fold: Governments will … Read more
