US equity indexes closed a little higher, SPX +24pts (0.3%) at 7677. Nasdaq comp' +0.7%. Dow +0.3%. The Transports settled +0.1%. R2K +0.5%
SPX – daily
VIX – daily
Summary
Equities opened on a positive note, but all the bulls could manage was 7686, cooling to 7650, and settling at 7677.
Volatility was itself very subdued, the VIX settling -2.5% to 15.45.
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| Spiky |
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| 21c/70f... another Goldilocks day |
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| Bullish trees |
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US equity indexes mostly closed on a weak note, SPX -21pts (0.3%) at 7652. Nasdaq comp' -0.8%. Dow +0.3%. The Transports settled -0.6%. R2K -0.7%
SPX – daily
VIX – daily
Summary
US equities opened on a weak note, and whilst there was numerous micro bounces... all the were sold into, settling marginally lower at 7652.
Volatility picked up... if mostly due to the new week, the VIX settling +4.8% to 15.85
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| Skyward |
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| Sometimes... my timing is very good |
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| Full moon is Friday |
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It was a bearish week for US equity indexes, with net weekly declines ranging from -2.0% (Nasdaq comp'), -1.7% (R2K), -1.4% (SPX), -1.0% (Trans), -0.8% (Dow), to -0.4% (NYSE comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes were net lower for the week
The Nasdaq comp' lead the way down, whilst the NYSE comp' was most resilient.
The NYSE comp' broke a new hist' high.
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Looking ahead
Earnings:
M - $XPEV $PDD $NSSC $GRRR $PICS $WDS $TUYA
T - $DKS $BNS $SLQT $VIPS $BMO $BZ $EH $INTU $SMTC $ZM $BOX $NCNO $JOYY $HEI $ELMO $QFIN $STRT
W - $KSS $ANF $DY $WSM $SJM $LI $PLAB $DCI $BBWI $HDL $NVDA $CRM $CRWD $OKTA $SNPS $A $VEEV $OOMA $P $NTNX
T - $BBY $BILI $CM $DG $DLTR $DG $RY $TD $HQY $HRL $BURL $MRVL $IREN $ADSK $AFRM $ULTA $WDAY $S $RBRK $ESTC $GAP
F - $CHA $MNSO
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Econ-data/events
M -
T - Case-Shiller HPI, new home sales, consumer conf'
W - Q2 GDP (print'3), durable goods orders, Pers' income/spending, PCE
T - Weekly jobs, intl' trade, wholesale & retail invent',
F - *Warsh at Jackson Hole*, Chicago PMI, consumer sent'
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Have
a good weekend
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