It was a bearish week for US equity indexes, with net weekly declines ranging from -2.9% (R2K), -2.1% (NYSE comp'), -1.7% (Dow), -1.4% (SPX, Nasdaq comp'), to -0.7% (Trans).
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 settled net lower for the week.
The R2K lead the way lower, whilst the Transports was most resilient.
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Looking ahead
Earnings:
M - CCL
T - WBA, JEF, NG
W - GIS, MU, BB, FUL
T - PAYX, RAD, AYI, NKE
F - STZ
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Econ-data/events
M -
T - Durable Goods orders, Case-Shiller HPI, new home sales, consumer con'
W - Intl' trade, wholesale invent', *Powell due... 9.30am*, EIA Pet'
T - Weekly jobs, pending home sales
F - Pers' income/spending, PCE, consumer sent'
*As Friday is end month/Q2/H1, I would expect more dynamic price action on higher vol'.
*As July 3rd is a half day, and July 4th is CLOSED, I'd expect the preceding Friday to be subdued on light vol', as many walk away early.
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Summer subscription offers, see: https://www.tradingsunset.com
Have
a good weekend... if you deserve it.
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*the next post on this page will likely appear 4.20pm EST on
Monday.
