US Capital Markets Review 6/8/18

in #investing6 years ago (edited)

The US capital markets had a strong week with the major indices advancing at a strong clip. The Dow Jones Industrial Average had the best week at +2.8%, while the S&P 500 and Nasdaq were +1.6% and +1.5%, respectively. The Nasdaq is now up over 10% for the year, while the broader S&P 500 index is nearing +4% for the year.

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Despite the strong equity markets, with gold up +0.4% for the week and silver up +2.3% for the week. Many farm commodities jumped on trade war fears, with lean hogs +3.0% for the week. The VIX (fear index) retreated heavily, and was -9.5% for the week.

In terms of sector performance, telecom bounced back +3.4% for the week, but is still down -9.6% for the year. Consumer discretionary stocks did well at +3.2% on the week, and are now up +11% for the year. Utilities struggled again and were down -3.2% and -8.4% on the week and year, respectively. In general, the market has rewarded risk this year, as the steady large cap and dividend paying stocks have significantly lagged the smaller cap and growth oriented stocks. Old sector favorites like utilities, telecom and financials that many mature portfolios are in are taking a back seat to information technology and consumer discretionary sector holdings.

In economic and political news, trade war talks dominated the headlines for much of the week, and there are big meetings with the G7 summit and North Korean fast approaching. Lingering questions about Italy’s future in the EU also were in the headlines, but did not seem to affect the US markets too much, but keep an eye on uncertainty in the Eurozone to eventually have an effect on worldwide markets, similar to the debt crisis in Greece.

Cryptocurrencies struggled, as Bitcoin was down -2.0% for the week, finishing at $7,310, and Steem was down -8.0% for the week, finishing at $2.20. The much anticipated EOS launch has been botched badly, but the coin price is hanging on at the moment at in the $13s... I am sticking with Steem, personally.

Overall, the US capital markets had a good week and my outlook remains positive.

Thank you for reading,

Brian

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always sharinf very great information of us capital market matter.. i hope that, next week coming will be great.but this time sbd prize very low position.so,i am really frustrated.but can i question doing pls?how i am improve my power..?can give to suggestion?this post just valuable for every steemians.specially i always thought it..thank you for yoyr great anylysis of capital market review matter..very well done..take care yourself and best of luck of yiur great work.may god bless you..my dear friend.. @brian.rrr

Hello how are you? your weekly report gives me a perspective of the market especially Bitcoin and steem currency that although they did not have a bad week, greetings to your beautiful family, thanks for keeping me up to date

I wish that was the price chart of Steem lol!!! I am not sure I agree with EOS being botched. Dan just thinks and does WAY outside of the box. I think the mainnet will be launched very soon. I am looking forward to see the social media aspect of EOS whenever it comes out.

Valuable market analysis sir @brian.rrr. This week cryptos are quite in a silent mode. The US capital market had a good week. Hope next week is more better for US capital market as well as crypto market.

Great market report, very accurate

This week is really good at US capital markets.
This week was profitable for investors.
I would like to invest the next week in a great way

A good week indeed

The market is so complex, the statistics mecca difficult, I like that you understand and share it.

Thank you for sharing your information and hopefully the price will increase @brian.rrr

This week will be much better for the technology side, as there were rising sectors.

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