It was a bearish week for most US equity indexes, with net weekly changes ranging from -1.5% (SPX, Nasdaq comp'), -0.9% (Dow), -0.5% (NYSE comp'), to +0.5% (Transports).
Lets take our regular look at five of the main US indexes
sp'500
Nasdaq comp'
Dow
NYSE comp'
Trans
–
Summary
Four US equity indexes settled net lower, with one net higher.
The SPX and Nasdaq comp' lead the way lower, whilst the Transports managed a moderate gain.
The Nasdaq comp', Dow, NYSE comp', and Transports broke new historic highs.
--
Looking ahead
It will be a short four day trading week, but it will be rather busy as Q4 earnings increasingly pour in.
Earnings:
M - LOGI
T - BAC, GS, SCHW, HAL, NFLX, JBHT, IBKR
W - PG, UNH, MS, FAST, USB, UAL, AA, KMI
T - FCEL, CTXS, UNP, TRV, BKR, INTC, IBM, ISRG, CSX
F - ALLY, SLB, KSX
-
Econ-data/events
M - CLOSED
T - -
W - Home builders index
T - Weekly jobs, housing starts, Phil' Fed
F - PMI manu', PMI serv', existing home sales
-
 |
| Ray of hope |
Final note
2021 has already seen a fifth stimulus bill put on the political table. What will the US budget deficit total this year? Two trillion, three, maybe four? For now... very few care about such fiscal issues.
I will merely add that if you think this ends well, you haven't been paying attention. There are other issues I'd raise, but I can't do that via Google/Blogger. If you want more, you know where to find me.
As we continue to step forwards, watch your step in... the twilight zone.
--
If you value my work on Blogger, Twitter, and want more of the
same, subscribe to my intraday service! For details and the latest
offers, see: https://www.tradingsunset.com
Have
a good weekend
--
*the next post on this page will likely appear 5pm EST, Tuesday, Jan'19th
