Money Vikings Investing - Week of 7/16/2023

In This Issue: Market Report, Finviz/Sector Analysis, Sentiment Analysis, Events/Earnings, Financial Stress Relief, Chill Collectibles, 🔴🟢 HotTrades 🔥

Money Vikings (Jerry)

and

Greg Money Viking

Jul 16, 2023

∙ Paid

Weekly Market Report

Lots of excitement this past week with most of the major indices up over 2%, and a lot of earnings next week, mainly in the financial sector. SPY broke over 450, but could not hold a close on Friday above it. In terms of sentiment, the Fear and Greed indicator was fairly stagnant, only moving from 77 to 80 (both are Extreme Greed). Volatility is very low around 13, and the put-call ratio is around .66, meaning most investors buying options are betting on calls over puts. AAII sentiment declined about 5% in bullishness from the prior week. The 10 year rate declined around 5.75% but is still trading well above the 2 year in an inverted yield curve. All sectors were green for the week with Basic Materials leading, and Energy lagging (although still up almost 1%). We added a HotTrade in DIA expiring on Friday 7/21.