US Capital Markets Review 9/14/18

in #stocks6 years ago

This week was a good one for the US capital markets with all major indices advancing. The Nasdaq led the way at +1.4%, while the S&P 500 was not too far behind at +1.2%. This puts these two indices at +16.0% and +8.7%, respectively, year-to-date. Growth stocks outperformed value stocks this week, and large cap stocks outperformed small cap stocks.

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When looking at sector performance, telecom services rebounded for a weekly gain of +2.9%, and energy was up +2.0%. The financial sector lagged at -0.4% for the week. Gold was slightly off at -0.2% for the week, and closed at $1,194 per ounce. Silver continued its decline as well, and was down -0.5% for the week, closing at $14.07 per ounce. Oil was up +1.7% for the week, and closed at $68.96 per barrel (West Texas Intermediate).

In economic news, initial jobless claims fell to a 50 year low, and job openings continued to rise, marking a widening gap between open jobs and available people to fill them. The country is focused on the current storm Harvey, which has made landfall on the east coast. If the storm comes though better than expected, you will likely see the insurance sector run next week.

Cryptocurrencies halted their fall, as Bitcoin posted a weekly gain of +42%, currently at $6,440. Steem fell a bit, posting a weekly loss of -6.5%, currently at $0.72. EOS posted a weekly gain of +10.7%, currently at 5.26.

Overall, the US capital markets remain healthy and diversified portfolios have seen healthy gains this year.

Good luck,

Brian

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Valuable market review sir @brian.rrr. We always expect a healthy market. Still crypto market is struggling but hope very soon the market will be healthy. Thanks a lot for the weekly market review.

Hello, my friend, how was this weekend?

I'm glad that at least the US markets were working well, that's good news, although in my country everything is getting worse and worse.

As for the STEEM I regret his fall was going very well almost reaching 1 dollar

I do not know why I feel that for me the week was a bit strong with respect to cryptocurrencies, perhaps especially Steem

I hope that hurricane happens soon and that it does not leave more victims is something that keeps us all alert

What do you consider a diversified portfolio with regard to cryptocurrency? You strike me as someone who knows a lot about personal finance. My guess is that the average Steemit user is very heavily invested in crypto, at least as a percentage of their net worth.

Two years ago I was targeting 1% crypto in my portfolio. Every year that passes without a complete collapse in the crypto market makes me think that I could bump that up a little.

Thank you for the market review. This could be the week that cryptos will finally start recovering from the huge fall...

The data is showing the US stock is going up. But I am not sure it will do anything better for Crypto.

I think gas prices might go up after it

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Great market review sir. I always learn a lot from your market review.

Good to hear that the US markets were good this week. Also cryptocurrency trying to bounce back, I hope it stays this way.

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