It was a very mixed week for US equity indexes, with net weekly changes ranging from +3.4% (R2K), +0.9% (NYSE comp', Trans), +0.7% (Dow), -0.8% (SPX), to -2.1% (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
Four US equity indexes were net higher for the week, with two net lower.
The R2K was powerfully higher, whilst the Nasdaq comp' was very significantly lower.
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Looking ahead
Earnings:
M - $MCD $ON $PHG $HOPE $TLRY $SFM $SYM $FFIV $LSCC $ESI $RMBS $SBAC $WELL $SANM
T - $SOFI $PYPL $PFE $BP $PG $LDOS $GLW $MRK $EPD $JBLU $AMD $MSFT $SBUX $ANET $PINS $FSLR $CZR $LMND $EA $WGS
W - $BA $NCLH $WING $KHC $MO $HUM $CCJ $GNRC $MA $TEVA $META $ARM $QCOM $CVNA $LRCX $WDC $RIOT $AEM $ALB $PAYC
T - $MRNA $CNQ $CROX $MBLY $COP $W $SIRI $GOOS $ETN $AG $AMZN $AAPL $INTC $COIN $DKNG $ROKU $SQ $MARA $BKNG $MELI
F - $XOM $CVX $SNDL $ENB $FLR
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Econ-data/events
M -
T - Case-Shiller HPI, consumer conf', JOLTS
W - ADP jobs, Chicago PMI, Pending home sales, EIA Pet'
*2pm FOMC, 2.30pm, Press' conf'.
T - Weekly jobs, PMI/ISM manu', construction
F - Monthly jobs, factory orders
*as Wednesday will be end month, I'd expect more dynamic price action on higher vol'.
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Final note
It was a mixed week for US equities, although Wednesday sure wasn't pretty. This week's price action gives some support to the notion that last week saw a pre-election high put in... if not for all indexes.
The coming week should favour the bulls, although I'd look for a ceiling/turn late Wed' or early Thursday.
In any case, I will hope you have enough popcorn for the 'big show'.
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EDT on Monday.
