It was a mixed week for US equity indexes, with net weekly changes ranging from +0.7% (Transports), +0.1% (Dow), -0.04% (NYSE comp'), -0.7% (SPX), to -1.6% (Nasdaq 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
Two US equity indexes settled net higher for the week, with three net lower.
The Transports managed a moderate gain, whilst the Nasdaq was sig' lower.
All five indexes broke new historic highs.
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Looking ahead
A pretty busy week is ahead, with Powell testifying to the US house/senate, which will garner considerable media coverage.
Earnings:
M - RCL, DISH, KBR, DISCA, OXY, MRO, PANW, ZI, RIG, FANG
T - HD, M, CROX, MDT, SQ, INTU, TOL
W - JMIA, OSTK, LOW, BHC, TJX, NVDA, TDOC, RDFN, BILI, LB, VIAC
T - MRNA, PLUG, CLF, W, LI, BBY, NCLH, DPZ, CRM, RKT, ETSY, BYND, VALE, SPCE, NKLA, FSLR, WDAY, ABNB
F - DKNG, CRON, FLR, FL, EOG, AMCX
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Econ-data/events
M - Leading indicators
T - Case-Shiller HPI, FHFA HPI, Consumer confidence
Powell testifies (10am>).
W - New home sales.
Powell testifies (10am>).
T - Weekly jobs, GDP Q4 (print 2), Durable Goods Orders, Pending home sales
F - Pers' income/outlays, Intl' trade, Chicago PMI, consumer senti'
*As Friday is the last trading day of February, expect somewhat higher vol'
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| Another sunset closer to summer 2021 |
Final note
What more should be said? With a new historic high of sp'3950, it was just another week for the equity bulls, as the m/t bullish trend remains strong.
There is the ongoing C19 issue of course, but we can't talk about that here. If you believe in freedom of speech, liberty, and other such things, well... 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.
