Quick Hits for the Week of 9/25/22
Balancing Defense With Opportunity (Fight Fear!) BTFD? 🔥Hot Trades, Defensive Rolls, Collectibles - Epic Dominaria United Pack, 5 Concepts for Wealth Building, Health - Coffee & Tea Key to Fighting D
"Success is the sum of small efforts repeated day in and day out."
- Robert Collier
Weekly Market Report
The Fed told us what we expected to hear (+75 Bps) and SPY declined -4.21%.
The Fear index as represented by VIX was up about 8.88% to levels not seen since June of this year. On Friday we briefly exceeded 32.
The 2 year rate is now trading over 4% while the 30 year trades at 3.6% (the inversion continues).
The Fear and Greed index moved to "Extreme Fear".
Bitcoin could not hold 19K.
Agriculture, as represented by the DBA ETF was only down -0.73%.
Gold lost -1.07% this week. Not the "hedge" we all thought, but also not down as much as the S&P either.
The Dollar went up +2.78%.
Oil declined about -15%
Still holding the 200 SMA at 357.76
Weekly Market Heatmap
Like last week, Health Care was the least beat up, only down -0.92%, while Energy & Materials were the worst hit.
Yields & Rates
Note that the 2 year is now over 4%.
The VIX was up over 8% for the week (more volatility and fear). The Fear & Greed Index moved to an Extreme Fear reading.
Extreme Fear goes with EXTREME CLOSE-UP!
The US Dollar
Look at that weekly dollar bar.
Keep reading with a 7-day free trial