It was a bearish week for US equity indexes, with net weekly declines ranging from -3.9% (Trans), -2.1% (NYSE comp'), -2.0% (Dow), -1.7% (R2K), -1.6% (SPX), to -1.3% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes were net lower for the week.
The Transports lead the way down, whilst the Nasdaq was most resilient.
All six indexes are trading under their respective weekly 10MA, and have negative weekly momentum.
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Looking ahead
Earnings:
M - $DLTR $VNET $SAIC $CTMX $BEKE $AGEN $FPS $TSQ $TLS $WW $SMTC $AGRO $CATX $PLBY $PRSO $SMC $TBRG $HFFG $GETY $ASRT
T - $ATAT $TME $TSAT $HUYA $GDS $ESLT $ASO $PSQH $OPTI $STIM $OKLO $LULU $DOCU $HQY $ZTO $TRVI $TTAM $IZEA $FLD $ANDG
W - $GIS $WSM $M $JBL $SAIL $TCEHY $UCL $WB $SPIR $HTHT $MU $RCAT $FIVE $ALVO $DLO $LIEN $USIO $PICS $SERA $HTFL
T - $BABA $ACN $LUNR $ARCO $CAL $CSIQ $AVAH $DRI $TITN $SIG $PL $FDX $FLY $GRWG $IDN $SCHL $YSS $ECOR $GEMI $ETON
F - $XPEV $ZGN $WWR $FUFU $MIST
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Econ-data/events
M - Empire state manu', indust' prod'
T - Pending home sales, home builder confi'
W - PPI, factory orders
*2pm FOMC announcement, with a press conf' at 2.30pm
T - Weekly jobs, Phil' Fed manu', wholesale invent', new home sales
F - Employment costs *QUAD-OPEX*
*Friday will be quadruple option expiration, expect considerable chop on very high vol'
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Have a good weekend
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*the next post on this page will likely appear 6pm
EDT on Monday.
