It was a mixed week for US equity indexes, with net weekly declines ranging from -1.0% (SPX), -0.7% (Nasdaq comp'), -0.6% (Dow), -0.5% (Trans), to -0.4% (NYSE comp').
Lets take our regular look at five of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
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Summary
All five US equity indexes settled net lower for the week.
The SPX lead the way down, whilst the NYSE comp' was most resilient.
All five US equity indexes broke new historic highs.
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Looking ahead
The schedule is pretty light...
Earnings:
M -
T -
W - LEN, ABM
T - RAD, GIS, ACN, JBL, NAV, FDX, BB
F - WBO, DRI, NKE (due in AH)
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Econ-data/events
M -
T - Import/export prices, Empire state, Indust' prod'
W - Retail sales, PMI manu', PMI Serv', Busi' invent', EIA Pet'
2pm: FOMC announcement. 2.30pm Powell press conf'.
T - Weekly jobs, housing starts, phil' fed
F - Intl' trade, leading indi'. *OPEX*
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Final note
Whilst we did see net weekly declines, that was from new historic highs. Daily momentum is weakening, but weekly and monthly momentum continues to build. Considering the disturbing degree of societal tension and economic nightmare that remains the case for many, the equity and capital markets are extraordinarily comfortable. Clearly, Print Central is helping.
There are other things I'd mention, but not here. As a society/species, many have decided that unless my opinion is in sync with the mainstream narrative, I can no longer say or even question certain things here.
For those that value liberty and freedom, you know where I am.
Yours... battling to get through each day... in the twilight zone.
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Have
a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
