US equity indexes mostly closed on a positive note, SPX +19pts (0.3%) at 7599. Nasdaq comp' +0.4%. Dow +0.1%. The Transports settled +0.6%. R2K -0.5%
SPX – daily
VIX – daily
Summary
US equities opened a little choppy, but the SPX resumed upward to print a new historic high of 7617, with a little late day cooling to 7599.
Volatility picked up a little (if mostly due to the new week), the VIX settling +4.8% to 16.05.
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It was a mixed month for world equity markets, with net monthly changes ranging from +28.4% (South Korea), +11.9% (Japan), +3.3% (Germany), +2.8% (USA), +0.9% (Australia), -1.1% (China), -1.3% (South Africa), -2.8% (India), -3.4% (Russia), to -7.1% (Brazil).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - MOEX
India – SENSEX
China – Shanghai comp'
South Africa – Dow
South Korea - KOSPI
Australia – AORD
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Summary
Five world equity markets were net higher for May, with five net lower.
South Korea was extremely higher, whilst Brazil was powerfully lower.
The USA, Japan, and South Korean markets broke new historic highs.
Six markets are trading above their respective monthly 10MA, the four laggards being Russia, India, South Africa, and Australia.
Six markets have positive monthly momentum, the four laggards being Germany, Russia, India, and Australia.
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Looking ahead
Earnings:
M - $SAIC $CRDO $HPE $HIVE $CANG
T - $DG $VSCO $MOMO $DCI $SIG $ODD $TIGR $YSWY $PANW $GTLD $ULTA $SPWH $PICS $YEXT $PETS
W - $M $OLLI $MMED $MDT $CGNT $THO $CXM $VBNK $AVGO $CRWD $AI $VEEV $FIVE $DSGX $CHPT $PVH $WOOF $NTSK
T - $CIEN $CMCO $CAL $BF.B $XE $TTC $OESX $LULU $DOCU $PL $RBRK $IOT $GWRE $TTQN $BBCP $COO $NX
F - $ABM $GIII
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Econ-data/events:
M - ISM manu', construction, vehicle sales
T - JOLTS
W - ADP jobs, factory orders, ISM serv', EIA Pet', Fed Beige book (2pm)
T - Weekly jobs, productivity
F - Monthly jobs, consumer credit (3pm)
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Final note
A mixed month for the collective of global equities. The standout... South Korea, driven upward by the semicons, themselves ramping on sustained high chip prices.
As for the USA... the market is set to be propped up by the trinity of IPOs... SpaceX, OpenAI, and Anthropic.
Unless there are resumed sustained hostilities in the middle east, I lean net bullish all the way into Labor day. From there... net bearish into the midterms, and then net bullish into early 2027.
Gold, Silver, and the miners are looking interesting again.
As ever... just be sure you have enough popcorn and your favourite drinks, for episode 2026 of 'Planet Krazy'.
Have a good weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday
US equity indexes mostly settled May on a positive note, SPX +16pts (0.2%) at 7580. Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +0.3%. R2K -0.6%
SPX – daily
VIX – daily
Summary
US equities ended May on a bullish note, the SPX printing a new historic high of 7599, and settling at 7580. Volatility was ground lower for the seventh day of nine, the VIX settling -2.7% to 15.32.
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