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The Money Vikings PodcastAuthor: The Money Vikings
Welcome to The Money Vikings Podcast, a source of inspiration and ideas where we conquer financial freedom! We are a couple of regular guys with families, doing what we can each day to build wealth and conquer our financial freedom. Conquering financial freedom looks different for every individual, but there are dozens of ways to find ones own path to True Wealth (combination of strong finances, health, family and friends). We believe that most people can achieve this if they put their mind to it and take steps to move forward. https://truewealth.moneyvikings.com Support this podcast: https://podcasters.spotify.com/pod/show/moneyvikings/support Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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Stock Market Summary for 9/29
Episode 96
Saturday, 30 September, 2023
https://truewealth.moneyvikings.com Sector Report on Friday's close: 🛢️ Energy ⬇ was down -2.02%. 💍 Consumer Discretionary ⬆ was up 0.53%. 📞 Communications ⬇ was down -0.56%. 💵 Financials ⬇ were down -0.93%. 🧻 Consumer Staples ⬇ was down -0.29%. 💊 Healthcare ⬇ was down -0.76%. 🏭 Industrials ⬇ were down -0.53%. ♺ Materials ⬇ were down -0.17%. 🏠 Real Estate ⬆ were up 0.35%. 📱 Technology ⬆ was up 0.34%. 🔌 Utilities ⬆ were up 0.17%. Seasonality in September, is usually bad. We have SPY down 5%. October and November are usually better, so there may yet be some hope for an end of year rally. Bonds continue to suffer due to rising rates. The 10 year is highest rate in 16 years. Gold is down over 3% for the month, but that’s is not stopping people from buying Costco gold bars at a record pace! A government shutdown deadline looms: The Biden administration estimates that an estimated 2 million U.S. service members and more than 1.5 million federal civilian employees will go without a paycheck during a government shutdown. This includes our Money Viking co-founder, Greg. That is why we are working to maintain our emergency funds, and keep a well-diversified portfolio. Greg is not making any drastic investment changes as a result of this. All sectors were down this month except for Energy, up .55%. Fear and Greed Index was 28. This week we declined from 34 to 28, a slight move towards fear. The VIX remains above 17. The Put Call Ratio is at 1.08 and rising, so that represents an increase in fear. When volatility is increasing and more people are buying puts than calls, it indicates a higher level of fear in the market. The Fear and Greed Indicator is a tool used to gauge the overall market sentiment based on several indicators. It provides valuable insights into investor behavior by analyzing factors such as volatility and options trading. --- Support this podcast: https://podcasters.spotify.com/pod/show/moneyvikings/support
