It was a bullish week for most US equity indexes, with net weekly changes ranging from +3.0% (Nasdaq comp'), +1.2% (SPX), +0.8% (NYSE comp'), +0.4% (Dow), to -0.8% (Transports).
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
Four US equity indexes saw net weekly gains, with one net lower.
The Nasdaq comp' lead the way higher, whilst the Transports lagged.
The SPX, Nasdaq comp', Dow, and NYSE comp' broke new historic highs.
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Looking ahead
It will be a short 3.5 day trading week, and the schedule is light.
Earnings:
M - FDS, EPAC, LESL, HEI, CVGO
T - KMX, CTAS, NEOG
W - PAYX
T - -
F - -
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Econ-data/events
M - Chicago Fed' Nat act'
T - GDP Q3 (print 3), consumer con', existing home sales
W - Pers' income/outlays, CPI, new home sales, consumer sent'
T - Weekly jobs, durable goods orders. EARLY CLOSING 1pm EST *Christmas Eve*
F - CLOSED *Christmas Day*
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Final note
With another set of index historic highs, it was just another bullish week for the US equity market. Mainstream sentiment was partly inspired by the fed, who reaffirmed $120bn a month of printing, and touting ZIRP until at least the end of 2023.
There are other matters, but as recently stated, such things can no longer be talked about on many of the mainstream websites. If you support liberty and freedom of speech, then you know where to find me 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.
