Saturday, 22 August 2026

Weekend update - US equity indexes

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

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. 


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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*the next post on this page will likely appear 4.20pm EST on Monday.

Friday, 21 August 2026

Positive OPEX

US equity indexes closed broadly higher, SPX +33pts (0.4%) at 7674. Nasdaq comp' +0.4%. Dow +1.0%. The Transports settled +0.9%. R2K +0.8%

SPX – daily

VIX – daily

Summary

US equities opened moderately higher, with the SPX printing a high of 7697. The afternoon saw some cooling to settle moderately higher at 7674. 

Volatility was ground lower into the weekend, the VIX settling -5.5% to 15.13.  

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Thursday, 20 August 2026

The black candles played out

US equity indexes closed broadly lower, SPX -66pts (0.9%) at 7641. Nasdaq comp' -1.0%. Dow -1.3%. The Transports settled -0.4%. R2K -1.4%

SPX – daily

VIX – daily


Summary

Equities leaned weak across the day, the SPX settling broadly lower to 7641.

Volatility picked up, the VIX settling +6.5% to 16.01.

As I hold onto a thin thread of hope


The bigger they get... the hungrier they get

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