It was a bullish week for US equity indexes, with net weekly gains ranging from +3.6% (Trans), +2.3% (NYSE comp'), +1.8% (R2K), +1.5% (Dow), +1.4% (SPX), to +1.0% (Nasdaq comp').
Lets take our regular look at six of the main US indexes
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
All six US equity indexes saw net weekly gains.
The Transports lead the way up, whilst the Nasdaq lagged.
More broadly, the Dow, NYSE comp', and Transports are above their respective monthly 10MA. All six indexes have negative monthly momentum.
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Looking ahead
Highlight of the week will be Thursday's latest inflation data. It will be the formal start of Q4 earnings season, beginning with a quintet of financial giants on Friday.
Earnings
M - TLRY, AYI, JEF
T - ACI
W - KBH
T - TSM
F - BAC, JPM, C, WFC, BLK, UNH, DAL
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Econ-data/events
M - Consumer credit (3pm)
T - NFIB small business index, wholesale invent'
W - EIA Pet' report
T - CPI, weekly jobs, US T-budget
F - import prices, consumer sent'.
*as Friday is the lead into a three day weekend, I'd expect considerable chop on light vol'.
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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.
