Market Update – 16 Stories & Stats 10-6-22

In this episode Scott Becker shares 16 stories we are following this morning including:

1. The markets were slightly down yesterday with the S&P 500 down .20%.
2. Markets point down again today but not horribly.
3. The 52 week range for the S&P 500 is 3584 to 4818. It’s at around 3800 currently.
4. The housing and stock market and perhaps the auto market are starting to get hammered by rising interest rates.
5. Oil is up around 10% this week to near $88 a barrel. See ” US gasoline prices climb again and may get worse”. WSJ.
6. The 10 year treasury yield is at 3.78%.
7. Peloton is cutting 500 more jobs.
8. Bitcoin is right around $20000.

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