The stock market’s rapid rally from its March lows has brought the Nasdaq Composite back to record highs and the S&P 500 nearly positive for year, but trillions in cash remain parked on the sidelines.
The coronavirus sell-off sent investors fleeing into money market funds, which ballooned well above $4 trillion, surpassing the peak of the financial crisis, according to research by LPL Financial. The flood into money markets pushed the sector’s assets to the highest on record, peaking at $4.672 trillion during the week of May 13, according to Refinitiv Lipper, and even recent net outflows have left more than 90% of that increase intact.
Money markets aren’t the only sign that investors are holding cash outside of stocks and bonds. Deposits at banks have spiked as well, according to data from the Federal Reserve Bank of St. Louis.
Stock Market and most active stocks today, S&P 500 technical analysis review for Monday, June 22, 2020. Today, we discuss the S&P 500 and Dow Jones Industrial Average.
Featured Stocks: SPY, SPX, DIA, NDX, ROKU, WPM, MRNA, TIF, TSLA, FIZZ, BA, AAPL, SPCE, CCL, SAND, YETI, WORK, SH, VXX, TVIX, WTI
Timestamps
0:00 Intro, Market turmoil ahead?
0:10 SPY SP500 technical analysis
0:55 Finviz heat map
2:30 Watch list review
2:35 ROKU, WPM wheaton precious metals stock charts
3:20 MRNA Moderna technical analysis
3:30 TIF Tiffany & Co, TSLA Tesla, FIZZ National Beverage stock charts
5:00 BA Boeing technical analysis
5:30 AAPL Apple short setup? stock chart review
5:49 SPCE Virgin Galatic stock review
7:00 Weekend deep dive https://www.youtube.com/watch?v=oQodcgJns78
7:20 CCL Carnival technical analysis
7:50 SAND Sandstorm stock chart review
8:40 YETI stock chart review
9:40 WORK Slack stock price
10:35 SH SPY inverse ETF review
11:25 You can use VXX instead of TVIX (TVIX delisting)
11:50 Have a stop loss before you enter the trade
13:20 ROKU trade Justin is looking to take
14:40 WTI W&T offshore stock chart
16:30 FB Facebook technical analysis
17:15 BYND Beyond Meat technical analysis
18:00 Game time
23:15 Final SPY SP500 recap
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