Is More than a Number on a Statement
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