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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)
Premium Members did a 5 dollar wide iron condor in QQQ this past month and made 18% ROI.
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All rights reserved. Money Vikings, LLC is neither an investment or financial advisor. Money Vikings, LLC does not provide financial advice and none of the information being provided is to be seen as such. This is to include, but not limited to, any articles, videos and/or any other social media outlet presented by Money Vikings, LLC. All content is the opinions, beliefs, and personal strategies of the author(s) and owner(s) of Money Vikings, LLC (Greg, Jerry, and Bob). Money Vikings, LLC recommends that everyone do their own research, technical analysis, and develop their own conclusions, prior to initiating any trade activity supported by their own understanding, abilities, and risk tolerance. All trades carry inherent risk and proper risk management strategies should be used accordingly. Money Vikings, LLC does not guarantee results and is not liable in any way for losses incurred by any person or organization. Periodically, we may highlight services we are using and may receive compensation from their respective affiliate programs.