US Capital Markets Review 6/22/18
The US capital markets struggled this week. The Dow Jones Industrial Average fared the worst, posting a weekly loss of -2.0%, but finally halting an 8 day losing streak on Friday. Long time Dow component, General Electric Corp, was dropped from the index this week, as the company struggles to figure out its future. Surprisingly, small cap stocks outperformed large cap during the tough week. Although US stocks had a hard time, they did outperform compared to international and emerging markets.
Leading the negative news was the continued tariff drama, which continues to get closer to an all-out trade war. The VIX (fear index) jumped +15% this week, and is +25% year to date, despite the equity markets still being positive for the year.
Oil was up big on Friday, and posted a gain of +7.0% for the week. OPEC announced increases in production, which would normally be a bad thing for oil prices, but the lack of clarity and specific in the announcement caused the oil futures to go on a run. Gold was down -0.7% for the week, closing at $1,269 an ounce. Silver was down about the same amount, and closed at $16.48 an ounce.
Cryptocurrency markets continued to take a beating overall, and Bitcoin fell to $6,150. Steem was dragged down by the broader market, posting a weekly loss of -20% to $1.33. EOS continued to struggle and fell -22%to $8.33, which is not unexpected given its bloated market cap, which still stands at $7.8 Billion.
Despite the negatives occurring in the news, the overall US economy remains healthy – unemployment is low at 3.8%, the consumer confidence index continues to climb higher and core inflation is rising but not too quickly. There are risks on the horizon, including the overall debt load of the US, unknown impacts on rising interest rates on the housing market, and possible trade wars. Despite these, I remain cautiously optimistic about US capital market outlook for the second half of 2018.
Thanks for reading,
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 yoyr 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
If I doubt some I think that the market this week for the cryptomonedas was not the best had a low one example of this is the SBD and STEEM under a lot I hope in the next few days recover
I was impressed by the beating that the Steem received the SBD also had the same fate fell a lot I was impressed with the price since I am here I had not seen it so low
Yeah this week is very poor for US market and crypto market. Cryptos have been falling gradually from 3 months. Don't know how much time to rise but always have a great hope for cyptos. Thanks sir @brian.rrr for the valuable weekly market analysis.
Cryptocurrency Market is just crying in Red right now but we have to keep Hodling because we know the potential of the Crypto Market and if prices can drop drastically then it will rise too and it's all about the Inflow and outflow of the Investments.
And once the Crypto Market face more Institutional Investors then Market Capitalisation will pushed up and inturn we can get the needed boost once again.
Wishing you an great day and stay blessed. 🙂
I hope it increases again, I'm going crazy and more than the btc is also low
good post my dear friend
It seems that things are not going well lately, we should wait for an improvement by the end of July, is when a productive month begins, hopefully.
At least for me the oil went up, the bad thing is the bitcoin going down.
The situations going worst in every market