The US capital markets struggled this week and ended the week down around -0.5% for the major indicies (S&P 500, Dow and Nasdaq). The positive note was the Russell 2000 index, which closed up 1.23% for the week. The Russell 2000 is now up 6.5% for the year, compared to flat on the Dow Jones Industrial Average and +1.5% for the S&P 500.
Oil was up 1% for the week, closing at $71.39 per barrel, while Gold was -2%, closing at $1,293. The utilities sector had a rough week and was down -3.7%. The technology sector struggled as well, finishing down -1.5% for the week, but still a large outperformer this year.
Economic news was mixed this week. The housing starts were under expectations, but new permits exceeded expectations, though mortgage applications declined (higher interest rates compared to last 8 years and high real estate valuations are not helping). The initial jobless claims came out higher than expected, but still well under historic lows - unemployment is at 3.9%.
In political news, China and the US sound close to new tariff agreements, which is positive, but congress failed to pass a Farm bill that, in part, helps subsidize certain farming activities, so we may see a rise in commodity prices (this also will help reach the fed's target inflation rates, though consumers are never pleased with price increases at the grocery store).
Cryptocurrencies struggled again this week, and Bitcoin finished the week at 8,300 bouncing off the lows. Steem was in decline as well, though did bounce off the weekly lows to finish near $3.
Overall, it was a so-so week for what has been a so-so year.
Good luck,
Brian
It's good to read a bit of news from other countries I learn and learn that I like, I agree with you when you say that the week was regular is like that, although mostly I think everything was a bit low as the Steem and Sbd there was a moment under a lot, greetings to everyone in every, happy night
Thank you for your participation in this useful subject, which includes very accurate statistics that would benefit the traders, I personally benefited from them a lot.
Your job is great and worthy of respect .
Thank you @brian .
again sharing us capital markets review information.its very important for all steemians.i think that,if every steemians read the post obviously we can to knowing capital markets matter.its improved doing we steemit work.thanks to sharing for your great post..very well done..my dear friend. @brian.rrr take care yourself and best of luck of your great work..
Every marketer should read this article before their trading..Wow !!! Nice statistical article....about us capital market....@brian.rrr...
you really summarize the week and very good way
Keep it upGreat review @brian.rrr it's the first time i'm reading your posts
This market has remained very stable according to your weekly reports, which I can not say about the SBD, do you know why the SBD has gone down so much?
I think this is a great time for true believers to strengthen their positions. I personally think that we will all benefit from crypto coming back down to earth. The boom we experienced in December wasn't a healthy growth and the gains were not sustainable. Slow growth is what we need.
The market with its low and high, but at least keeping Steem somewhat the stable.
Thanks for the report... We hope this week the numbers will be better.
Thank you for sharing your analytics, the market now knows many Fluctuations😣.
Nice analysis there my friend. Do you think this is also good for the cryptocurrency business too? Have a great day!
Great market analysis sir @brain.rrr. This week there is no good achievement for crypto market but hope next week we can see some good achievement in crypto market. Anyway i appreciate your US capital market review.
Always who understands economy is impressive in my eyes, it will be because it is very complex for me, Thanks for a useful and simple report
That's a good content on the market review,,
Thanks for sharing your valuable post
great summary x
Well... Litecoin here I come to get more. Since it down a bit, I might as well stock up some more.
nice work....stop by and see my comprehensive weekend reports just up. I hope you'd apprec. it.
Graphical analysis is must needed for trading...Great statistical and graphical analysis.. @brian.rrr
upvote..following..see my lates on markets...look for a decent rallhy in the Dow this week..(to sell), metals to hold real firm but rally very strongly a bit later this year. Silver to absolutely explode....."watch".