It was a very bullish week for US equity indexes, with net weekly gains ranging from +4.1% (Dow), +3.9% (Transports), +3.1% (Nasdaq comp'), +3.0% (NYSE comp'), to +2.6% (SPX).
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 higher for the week.
The Dow lead the way higher, whilst the SPX lagged.
The SPX, Dow, NYSE comp', and Transports broke new historic highs.
More broadly, all five indexes are holding above their respective monthly 10MA, and I thus see the m/t trend as bullish.
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| Spring is near |
Looking ahead
The schedule is pretty light. There will be a Fed meeting, which will no doubt capture considerable media attention.
Earnings:
M -
T - FCEL, JBIL CRWD, LEN, COUP, REI
W - PDD, LE, SNDL, GEVO, FIVE, WSM
T - DG, CSIQ, ACN, WB, SIG, FDX, NKE
F - ERJ
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Econ-data/events
M - Empire state manu'
T - Retail sales, import/export prices, indust' prod', NAHB, Busi' invent'
W - Housing starts. FOMC announcement 2pm, Press conf' 2.30pm.
T - Weekly jobs, Leading indicators.
F - *OPEX*
*US clocks jump forward 1hr Sun' March 14th. UK/EU clocks don't change until Sun' Mar'28th.
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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.
