Money Vikings Weekly Market Report
Prepping for the week of 6/6 - 6/10
Weekly Market Report - The rally we experienced prior to Memorial Day did not continue. The S&P moved down -1.20% for the week. Energy and Industrials continued to outperform the other sectors. Health Care & Real Estate were the worst hit sectors, down -3.13% and -2.19% respectively.
The Weekly Crypto Report - Are we still in a "Crypto Winter"? BTC continues to trade very similar to the Nasdaq (.72 correlation according to the Trade Risk). I continue to buy BTC on dips, and accumulate though various credit card rewards, and staking opportunities in Crypto.com. Yesterday, using CashApp Boosts, I was able to score 15% back in BTC rewards on a dinner at Shake Shack for the family when BTC was trading around 30K.
Amazon and Google had great a week. Clearly visible in the center is the -3.13% decline in health care this week. (source: finviz)
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