Saturday, 24 October 2026

Weekend update - US equity indexes

It was a mixed week for US equity indexes, with net weekly changes ranging from +2.0% (R2K), +0.8% (Trans), +0.4% (Dow), +0.1% (NYSE comp'), -0.5% (SPX), to -0.7% (Nasdaq 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

Four US equity indexes were net higher for the week, with two net lower.

The R2K was very significantly higher, whilst the Nasdaq was broadly lower. 

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Looking ahead

It will be an exceptionally busy week, with multiple truck loads of earnings, and an FOMC

Earnings:

M - $VZ $ARLP $BMRC $BOH $BFST $HBT $DEA $CX $ABOS $LKFN $CLS $CDNS $RMBS $NUE $AMKR $WELL $WHR $HIG $CINF $BRO

T - $KO $UPS $SOFI $CAJPY $GLW $FCX $CNC $PNR $PYPL $SPGI $HOOD $SKHY $STX $V $ENPH $CAKE $FFIV $OKE $BBAI $WM 

W - $GEV $APH $BSX $VRT $UBS $VFC $IP $ADP $OTLY $PSX $MSFT $GOOGL $NOW $FDX $CNVA $KLAC $FTNT $TMUS $CMG $TENB

T - $CAT $LLY $VMC $CARR $PBF $STM $CTSH $EPD $INSM $LHX $INTC $AMZN $SNDK $COIN $SBUX $AXTI $RBLX $RDDT $TWLO $RIVN

F - $XOM $CVX $BP $CNI $CCJ $REGN $AN $AZN $D $GD 

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Econ-data/events

M - -

T - Durable goods orders, Case-Shiller HPI, New home sales, consumer conf',  *Israeli elections*

W - Intl' trade, wholesale & retail invent'

*2pm FOMC announcement. 2.30pm Press conf' 

T - Q3 GDP (print'1), Pers' income/outlays, PCE, Weekly jobs, 

F - Employment cost, Chicago PMI 

*UK/European clocks change 2am, Sunday Oct'25th 

**As Friday is end month, expect dynamic price action on higher vol' 
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Final note

With four of six indexes net higher for the week, it wasn't exactly a massively bearish week, was it? 

Background chatter is increasingly crashy, as most lack any perspective, or are just posting click-bait for the dumb indebted sheep. 

We've just seven trading days until the flip side of the midterms. In theory, Mr Market should soon start to broadly climb into mid January. Or perhaps you'd favour a Govt' bond, perhaps something from the UK, France, or Germany? 

My only real concern is geo-political, but then... it always is.

Have a good weekend... if you deserve it. 
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*the next post on this page will likely appear 4.20pm EST on Monday.

Friday, 23 October 2026

Net bearish day/week

US equity indexes closed on a weak note, SPX -39pts (0.5%) at 7623. Nasdaq comp' -0.2%. Dow -1.2%. The Transports settled -1.2%. R2K -0.3%

SPX – daily


VIX – daily

Summary

Equities opened weak, the SPX breaking a new s/t low of 7612, and settling moderately lower at 7623. Volatility picked up a little, the VIX settling +2.2% to 19.45.
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Thursday, 22 October 2026

Typically red Thursday

US equity indexes closed very mixed, SPX -93pts (1.2%) at 7663. Nasdaq comp' -2.6%. Dow +0.02%. The Transports settled +1.9%. R2K +0.1%

SPX – daily

VIX – daily

Summary

US equities opened broadly lower, the SPX printing 7637, and settling sig' lower at 7663. 

Volatility spiked, the VIX printing 20.31, if cooling back to settle +14.1% to 19.03. 

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