It's been another crazy week here as we continue though the process of selling our dream house - and chasing our dream weather. While I've broadly ignored the markets, that's no excuse not to keep putting out this simple weekly note.
Don't worry, I plan to put out regular stock and market analysis and charts when the dust settles with this house sale.
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Performance for the week:
U.S. Indices
Dow -0.6% to 30,046. S&P 500 -1.% to 3,663. Nasdaq -0.7% to 12,378. Russell 2000 +1.% to 1,911. CBOE Volatility Index +12.1% to 23.31.
S&P 500 Sectors
Consumer Staples -0.3%. Utilities -0.4%. Financials -1.8%. Telecom +0.1%. Healthcare -0.8%. Industrials -0.5%. Information Technology -1.4%. Materials -1.2%. Energy +1.1%. Consumer Discretionary -1.2%.
World Indices
London -0.1% to 6,547. France -1.8% to 5,508. Germany -1.4% to 13,114. Japan -0.4% to 26,653. China -2.8% to 3,347. Hong Kong -1.2% to 26,506. India +2.3% to 46,099.
Commodities and Bonds
Crude Oil WTI +0.6% to $46.55/bbl. Gold +0.2% to $1,843.7/oz. Natural Gas +0.8% to 2.596. Ten-Year Treasury Yield +0.2% to 138.02.
Forex and Cryptos
EUR/USD -0.06%. USD/JPY -0.11%. GBP/USD -1.57%. Bitcoin -4.%. Litecoin -9.3%. Ethereum -6.4%. Ripple -9.1%.
Dow -0.6% to 30,046. S&P 500 -1.% to 3,663. Nasdaq -0.7% to 12,378. Russell 2000 +1.% to 1,911. CBOE Volatility Index +12.1% to 23.31.
S&P 500 Sectors
Consumer Staples -0.3%. Utilities -0.4%. Financials -1.8%. Telecom +0.1%. Healthcare -0.8%. Industrials -0.5%. Information Technology -1.4%. Materials -1.2%. Energy +1.1%. Consumer Discretionary -1.2%.
World Indices
London -0.1% to 6,547. France -1.8% to 5,508. Germany -1.4% to 13,114. Japan -0.4% to 26,653. China -2.8% to 3,347. Hong Kong -1.2% to 26,506. India +2.3% to 46,099.
Commodities and Bonds
Crude Oil WTI +0.6% to $46.55/bbl. Gold +0.2% to $1,843.7/oz. Natural Gas +0.8% to 2.596. Ten-Year Treasury Yield +0.2% to 138.02.
Forex and Cryptos
EUR/USD -0.06%. USD/JPY -0.11%. GBP/USD -1.57%. Bitcoin -4.%. Litecoin -9.3%. Ethereum -6.4%. Ripple -9.1%.
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Earnings calendar:
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So our next chapter is going to be buying a new-build house in Florida. More to come on that. But because I don't have a job right now and my wife will quit hers, we're going to be paying cash for the house. That will mean my investment funds will be severely cut - and mean that protecting and preserving that limited capital will be paramount going forward. So if you're into high quality, capital preservation with growth kind of investments - this is going to quickly become the place for you!
Obviously, utilities tend to fit that bill. And trades with limited downside too. I got too into the day-trading side of things and will get into real investing mixed with trades that are easier to repeat and follow - think breakouts, head & shoulders, bull flags, etc.
So stick around. There are a lot of sticks in the fire and lots of changes coming personally and professionally.
But if deep dive analysis of long-term ideas - think the note I wrote on AGR - but perhaps even deeper. And you like a bit of technical trading and market wonkiness, this blog will be just your cup of tea!
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