It was a bullish week for US equity indexes, with net weekly gains ranging from +4.5% (R2K), +2.4% (NYSE comp'), +2.0% (Dow), +1.7% (SPX, Nasdaq comp'), to +0.8% (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 higher for the week.
The R2K lead the way up, whilst the Transports lagged.
The NYSE comp' broke a new hist' high.
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Looking ahead
With Thanksgiving, it will be a short trading week of just 3.5 days
Earnings
M - $BBWI $ZM $BLBD $FLNC $A $WWD $SMTC $API $LESL
T - $ANF $KSS $BBY $M $DKS $BURL $ADI $MANU $DELL $CRWD $WDAY $ADSK $HPQ $AMBA $URBN $DDD $NTNX
W - $GOGL $HAFN
T - *CLOSED for Thanksgiving*
F - $MNSO *EARLY CLOSING 1pm EST*
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Econ-data/events
M -
T - Case Shiller HPI, Durable goods, Intl' trade,
W - Weekly jobs, Q3 GDP (print'2), Pers' income/spending, PCE, Retail & Wholesale invent', Pending home sales
T - *CLOSED for Thanksgiving*
F - Chicago PMI (9.45am), *EARLY CLOSING 1pm EST*
*As Friday is end month, I'd normally expect dynamic price action on higher vol', although being a half day, many won't show up. On balance... it should be 'subdued'.
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Final note
The USA and UK committed acts of war against Russia this past week, but the market didn't care for more than a few hours. You can argue the collective of the mainstream are just stupid, in denial, or psychotic. Whatever it is... these are the most dangerous times in human history, or at least since Toba (Indonesian Super Volcano) went boom some 74,000 years ago.
I have regularly ended these weekend posts by asking if you have enough popcorn for the big show. Well, we're likely in the peak of the second act. I just wonder how many of us will make it into the third act.
Subscribe... before the Russian missiles start landing in London.
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Have
a good weekend
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*the next post on this page will likely appear 4.20pm EST on Monday.
