The US capital markets had a good week, with the Nasdaq and S&P500 up +2.4% and +1.5%, respectively. The Dow Jones Industrial Average lagged a bit, posting a +0.8% weekly gain, and closing at 24,456.
The health care sector performed well, posting a weekly gain of +3.1%, while IT and utilities were not far behind, with weekly gains of +2.3% and +2.4%, respectively. Stocks with perceived higher risks performed better, with small cap, growth stocks posting weekly gain of +3.5%, while large cap, value stocks posted a weekly gain of +1.1%.
The US capital markets this year have seen increased volatility, with large daily and intra-day swings. The fundamentals on the underlying companies remain strong, and earnings are expected to expand further with corporate tax cuts taking effect. The primary driver of volatility this week, as has been the case for the last couple of months, continues to be trade war fears with China as well as many US allies. Despite the volatility, the markets continue to push higher overall, with the Russell 2000 index up over +10% for the year. The US has a significant trade deficit overall, but with trade talk constantly in the news, the US has seen a narrowing of the trade deficit, as the numbers coming for May showed a rise of +1.9% in exports against a rise of +0.4% in imports.
Commodities struggled overall, with the exception of precious metals, as gold was up 0.2% for the week, closing at $1,255 an ounce, and silver was flat for the week, closing at $16.04 an ounce.
Cryptocurrencies had a decent week with Bitcoin up +3.0 and currently at $6,456. Steem spiked, but fell back for a breakeven week, closing at $1.51. EOS halted its recent slide, and was up +6.6% for the week, currently at $8.53.
Overall the US capital markets remain strong, but I expect volatility to continue as the second half the year has begun. I remain fully invested.
Take care,
Brian
always sharing very great information of us capital market matter.. i hope that, next week coming will be great.but this time sbd prize very low position.so,i am really frustrated.but can i question doing pls?how i am improve my power..?can give to suggestion?this post just valuable for every steemians.specially i always thought it..thank you for your great anylysis of capital market review matter..very well done..take care yourself and best of luck of your great work.may god bless you.. my dear friend.. .. @brian.rrr
Friend, how are you? your summary very good as always, it was a good week in general it stays and improves a bit and that's great, greetings to your beautiful family
I hope this week improve everything for the cryptocurrency has had a difficult week
I just hope that better moments come, just keep working
Greetings friend
I like these summary
No doubt the weeks have been strong with respect to the crypto that is going to recover and will rise a bit more we all have faith that this will happen
It's like everything in life there are bad and good times
Yes I do think there will be volatility as China US trade war continues .
Thank you for the appreciation @brian.rrr
that's a huge rise, and those who are thinking to invest in stocks, do it now.
I'm pleased to know that US capital markets remain strong. Just wait for the rising of crypto market. Thanks a lot sir @brian.rrr for the valuable market analysis.
Wow, you hard work for crypto us capital market history. Thanks @brian.rrr
Hello Friend! The cryptocurrencies are in a ups and downs that despairs. We have to be positive and expect stability and a good price.
Excellent report Brian very accurate.
The stock price this week in some companies has risen amid a trade war rivalry with China. This is attracting investment in stock trading.
Like @brian.rrr
hallo @brian.rrr
good update about US Capital Markets . its vary helpful post . i read your post its help my Knowledge . good work keep it up .
It's good that the market has remained stable, great work to make a simple and fair report.
I agree with you. The long-term uptrend seems to be strong and there is no reason to get out of the investment at the moment.
Good luck!
I am not sure about Bitcoin but I kind of sense that Steem will trend lower. Maybe down to $1 USD or lower than that. I feel like it hasn't really bottomed out yet but if it does.. I want to invest! @brian.rrr
We hope that this week that starts today will be an increase and success.