It was a bullish week for US equity indexes, with net weekly gains ranging from +5.9% (Nasdaq comp'), +4.3% (R2K), +4.0% (SPX), +2.6% (Dow), +2.5% (NYSE comp'), to +2.0% (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 were net higher for the week.
The Nasdaq lead the way up, whilst the 'old leader' - Transports, lagged.
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Looking ahead
Earnings:
M -
T - $FERG
W - $GIS $SCS
T - $DRI $FDS $CBRL $FDX $LEN $MLKN
F -
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Econ-data/events
M - Empire state manu'
T - Retail sales, indust' prod', busin' invent
W - Housing starts, building permits, EIA Pet'
2pm FOMC announcement. 2.30pm, press conf' with Powell.
Rate cut'1 of -25bps can be expected, with perhaps news that the QT program will fully cease.
T - Weekly jobs, Phil' fed manu', existing home sales, leading indi'
F - *QUAD-OPEX*
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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.
