It was a bullish week for most US equity indexes, with net weekly changes ranging from +1.7% (Nasdaq comp'), +1.4% (SPX), +1.2% (Dow), +1.1% (NYSE comp'), +0.7% (R2K), to -0.5% (Trans).
sp'500
Nasdaq comp'
Dow
R2K
NYSE comp'
Trans
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Summary
Five US equity indexes saw net weekly gains, with one net lower.
The Nasdaq comp' lead the way upward, whilst the Transports was moderately lower.
Weekly momentum is negative for the SPX, Dow, NYSE, R2K, and Trans, the exception being the Nasdaq comp'.
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Looking ahead
The schedule is relatively light. I would note Friday's PCE data.
PCE > https://www.bea.gov/data/personal-consumption-expenditures-price-index-excluding-food-and-energy
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Earnings:
M - CCL, BNTX, PVH
T - WBA, FUTU, LOVE, MKC, LULU, MU, CALM
W - PAYX, RH
T - SKLZ, RUM, BB
F -
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Econ-data/events
M -
T - Intl' trade, Case-Shiller HPI, FHFA HPI, Consumer con'.
W - Pending home sales, EIA Pet'
T - Weekly jobs, Q4 GDP (print'3)
F - Personal income/spending, PCE, consumer sent'.
*UK/European clocks will jump ahead one hour, early Sunday March 26th.
**As Friday is end month/quarter, I would expect very dynamic price action on rather monstrous vol'.
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Final note
Rate hike nine of 25bps, the collapsing stock prices of Credit Suisse and Deutsche Bank, with further lies & delusions from the mainstream cheerleaders and 'smart guys'.
Everything is proceeding as I had foreseen.
Seeing the system fall apart, much like 2007>09, does make for the greatest show on Planet Krazy.
You should be more than aware of how this will end, and I've little interest in repeating what I've warned about across many months.
I'll merely conclude with.... enjoy the show.
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Have
a good weekend... if you deserve it.
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*the next post on this page will likely appear 5pm EST on Monday.
