Money Vikings Investing - Week of 5/7/2023

Market Report, Finviz/Sector Analysis, GLD Hot Trades, Debt Ceiling Investment Opportunities, Podcast.

• The first part of the week was fairly bearish with SPY sinking 3 days in a row and gapping down below the 50 EMA (green line) on Thursday. The Fed raised rates .25%

• Mega Caps led over Small Caps

• Gold was up almost 2% for the week, and almost 10% for the year.

• Oil took a spill, losing about 5% of its value this week.

• Tech and Healthcare led while Financials and Energy lagged.

• Financials were hurt by the First Republic Bank failure, and fears of other ones collapsing as well.

• With a very short term memory, Friday we gapped back up almost 2% on positive Apple earnings, a good jobs report.

YouTube | Blog | Book | Podcast | Discord | ☕️

Finviz Heat Maps and Sector Analysis

Indexes and Macro Indicators

Yield Curve & Rates - Flattening

The 30 year rate is catching up (but still under) the 2 year rate. The 2 year hit its lowest level since September 2022. The 10/2 spread flattened by about 10 bps.

The VIX

The VIX touched over 21 this week, but retreated on Friday with the rally in the S&P. Fear and greed index retreated towards neutral, but remains in Greed territory.

Earnings & Economic Events Next Week

The major earnings have completed, but we still have a few interesting ones next week to watch such as Disney, Under Armor, Roblox, Airbnb, and Paypal.

HotTrades - Adding a GLD Iron Condor