Saturday, June 5, 2021

Stock Market Update - June 4, 2021

Market continue to be in an uptrend. All indicators remain up. Jobless claims are going down and with the COVID vaccine being distributed the economy looks to be poised for a recovery. I am interested in energy and travel stocks.

XLE Spider is showing signs of recovery and has a ways to go to get to the last high. Even with the move to electronic vehicles we will still need energy for years to come.


An interesting set of news articles surfaced this week related to the COVID outbreak's potential source being the Wuhon Lab. Vanity Fair has a nice article here

Bitcoin has been a bit of a ride these last couple of weeks as Elon Musk is in then out. 

 

 

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