US Capital Markets Review 7/13/18
This week was a good one for the US capital markets with all of the major indices advancing. For a change of pace, the Dow Jones Industrial Average led the way this week with a gain of +2.3%, following by the Nasdaq at +1.8%. The Nasdaq set a record high this week, closing at 7,826 on Friday. Large cap stocks outperformed small caps, and growth oriented stocks outperformed value stocks.
In terms of sector performance, information technology led the way at +2.3%, closely followed by industrials and consumer discretionary, posting weekly gains of +2.2% and +2.1%, respectively. Telecom lagged again at -1.6% for the week, and is down -10.3% for the year.
Commodities struggled as oil retreated -4.3%, though is still up +18.8% for the year. Gold was down -1.1%, closing at $1,241 an ounce. Silver fared about the same and was down –1.2% for the week, closing at 15.85 an ounce.
In noteworthy news, trade war talk paused this week, but the markets wait on actions from China in response to recent additional tariffs. President Trump reaffirmed the US support for NATO, but made confusing and threatening remarks about pulling out if military spending targets are not met, which he thought should be 4% of each countries total revenues. Also, the world watches as President Trump and President Putin of Russia meet next week.
Cryptocurrencies struggled this week. Bitcoin was down -3.4% and is currently at 6,243. Steem retreated -13.9% for the week, and is currently at $1.30. EOS was down -18.8% for the week, and is currently at $6.93.
Overall, the US capital markets remain strong and the economy is doing well.
Thank you for reading the weekly report.
Brian
always sharing 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 your great anylysis of capital market review matter..very well done..take care yourself and best of luck of your great work.may god bless you.. my dear friend.. .. @brian.rrr
Wow, that is a tough question my friend. Personally, I invested some money in some steem power and have been working at it for a year. I have done ok, but there really aren’t any short cuts, unfortunately. You are doing good by commenting and engaging so keep that up!
yeah,its very tough question.but you are experienced man,so i am doing this question of you.you writing very good always.because every word i am understand propeely.but i don,t know you seen my sms.because i am doing this sms answer very lately for my family work and some internet problem.thank you very much for your telling good word. very well done..my dear friend. @brian.rrr
It's been nice to see the silver prices retreating. I was hoping to pick up some more this weekend, but didn't make it over to the coins store due to other obligations.
It's also nice to see the price of oil retreating, even if it's only a little. When oil is down, then so are the prices on most consumer goods.
I wouldn't mind picking up more crypto at a discount, but I'm fairly tapped out right now. Maybe when some other investments improve I'll move some over.
The US economy is very good as everything has its bad times but this serves to strengthen much more this is good
Now the cryptocurrencies I think have not passed their best weeks are having problems but surely everything will improve
Such a valuable market analysis. I'm pleased to know that the US capital markets remain strong and the economy is doing well. But this week isn't good for crypto market. Maybe take more time to rise it. Thanks sir @brian.rrr for discussing about the weekly market update.
Without a doubt it has been a strong week for the cryptocurrencies but today is getting off to a good start. We are going to see how it is developing during the week and how it ends I hope the SBD and STEEM will increase a bit more
How will it impact Steemit or blockchain technology? Is it will last long?
Well the rally has been going strong 💪 for about nine years ever since 08. It used to be boom bust cycles were roughly every five years, but maybe now all the residual QE in play extends boom period twice as long. To answer your question I think it lasts for another year or so!
So big inform , you are always great information . Keep good work of every time .
Thanks for sharing @brian.rrr
Upvote you .
Really you are geving a very good information sharing with us " thanks for this post. Best of luck.
Hello, very good information that you have to share, in this way people who can invest in capital markets can count on good advice, I would like to know what is seen in the steem dollars, greetings @ brian.rrr
It can down in any moment,what about steemit dollars