| Hello, Fellow ChartWatchers! | A week of fresh highs and silver surprises.
The stock market had a strong showing this week. The S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed at fresh highs on Thursday. We saw a bit of a dip on Friday, but overall, the stock market looks healthy and upbeat.
It wasn’t just stocks that were celebrating.
Crypto and commodities join the party!
Bitcoin ($BTCUSD) broke out of a consolidation and closed at a record high, ending the week shy of $118K. That’s a huge move! Keep an eye on crypto next week — Congress is set to review several digital asset regulations, which could stir up more activity in the space.
Silver has been shining too, thanks in part to demand from the semiconductors and solar energy industries. Speaking of semiconductors, they’ve been in record territory with NVDIA Corp. (NVDA) once again leading the charge. The semiconductor rally may be giving silver the extra boost. The iShares Silver Trust ETF (SLV) was up 3.79%, reaching levels we haven’t seen since early 2012. Gold also inched higher, though not quite as dramatically as silver.
Take a look at the one-year Percent Performance chart below. You’ll see Bitcoin well ahead of the pack, with gold, silver, and the S&P 500 (via SPY) trailing behind. Among these, SPY is the laggard, but that’s not necessarily a bad thing.
 This type of performance tells us that investors are feeling optimistic and willing to take on more risk, a positive sign for stocks, crypto, and precious metals. Keep in mind that when markets stretch too far too fast, a pullback can happen. It’s nothing to worry about. Pullbacks are healthy and can open the door for new opportunities.
Looking ahead
Next week could be busy. We’ve got inflation data, and earnings season kicks off with reports from big banks. If you want to stay ahead of the curve, be sure to check out our Earnings Calendar. Just click the Upcoming Earnings tab, pick your favorite stock or sector, and mark those key dates on your calendar.
Don’t miss this!
If you’re interested in using options to generate a little extra income, join us for our OptionsPlay Webinar on Tuesday, July 15, at noon ET. With the market this strong, it could be a great time to explore new strategies. Use this link to register. | | Enjoy your weekend, and we'll see you here next week with more market insights. | | | |
| THIS WEEK'S ARTICLES | | | | | | | | | | A View From the Floor | | 3 Stocks Seasoned Investors Should Watch | | by Jay Woods | | As we navigate the evolving stock market landscape, understanding key sectors and their trends is important, especially during earnings season. This week, the spotlight shines on the Financial sector, with several of the largest banks reporting... | | | | | | | | | ChartWatchers | | The Seasonality Trend Driving XLK and XLI to New Highs | | by Karl Montevirgen | | For those who focus on sector rotation, whether to adjust portfolio weightings or invest directly in sector indexes, you're probably wondering: Amid the current "risk-on" sentiment, even with ongoing economic and geopolitical uncertainties, can seasonality help you better anticip... | | | | | | | RRG Charts | | The Best Five Sectors, #26 | | by Julius de Kempenaer | | The past week has been relatively stable in terms of sector rankings, with no new entrants or exits from the top five. However, we're seeing some interesting shifts within the rankings that warrant closer examination... | | | | | | | MORE ARTICLES → | |
