CBOE''s Weekly Market Recap: August 15 To August 19
After four weeks of bullish action, it appears the market may be reaching the height of its rally. Experts from BlackRock Inc. (NYSE: BLK ) and JPMorgan Chase Co. (NYSE: JPM ) have been warning the public that the rally experienced in the last month is bound to be met with resistance soon, a premonition they attributed to worsening global economic conditions. SPDR SP 500 ETF Trust (NYSEARCA: SPY) has, perhaps, begun validating these beliefs, declining 1.16% last week and starting off Monday by gapping down more than 1%. Cboe Global Markets Inc. (BATS: CBOE ) reports that European exchange-traded funds (ETFs) like the iShares Core MSCI Europe ETF (NYSEARCA: IEUR), iShares Core DAX UCITS ETF (BIT: EXS1) and Lyxor CAC 40 ETF (EPA: CAC) have all experienced price drops last week, too. Cryptocurrency leaders Bitcoin (CRYPTO: BTC ) and Ethereum (CRYPTO: ETH ) have mirrored the equities market, each declining more than 10% last week. Exemplifying the market’s downturn is Zoom Video Communications Inc. (NASDAQ: ZM ), this week’s chart of the week following a disappointing earnings report.
CBOE''s Weekly Market Recap: August 15 To August 19
After four weeks of bullish action, it appears the market may be reaching the height of its rally. Experts from BlackRock Inc. (NYSE: BLK ) and JPMorgan Chase Co. (NYSE: JPM ) have been warning the public that the rally experienced in the last month is bound to be met with resistance soon, a premonition they attributed to worsening global economic conditions. SPDR SP 500 ETF Trust (NYSEARCA: SPY) has, perhaps, begun validating these beliefs, declining 1.16% last week and starting off Monday by gapping down more than 1%. Cboe Global Markets Inc. (BATS: CBOE ) reports that European exchange-traded funds (ETFs) like the iShares Core MSCI Europe ETF (NYSEARCA: IEUR), iShares Core DAX UCITS ETF (BIT: EXS1) and Lyxor CAC 40 ETF (EPA: CAC) have all experienced price drops last week, too. Cryptocurrency leaders Bitcoin (CRYPTO: BTC ) and Ethereum (CRYPTO: ETH ) have mirrored the equities market, each declining more than 10% last week. Exemplifying the market’s downturn is Zoom Video Communications Inc. (NASDAQ: ZM ), this week’s chart of the week following a disappointing earnings report.