It was a bullish week for US equity indexes, with net weekly gains ranging from +3.2% (Trans), +2.0% (NYSE comp'), +1.5% (SPX), +1.3% (Dow), +1.0% (Nasdaq comp'), to +0.9% (R2K).
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 Transports lead the way up, whilst the R2K was the laggard.
The SPX, Nasdaq comp', and NYSE comp' broke new hist' highs.
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Looking ahead
A very busy week is ahead, with another truck load earnings, the first print of Q2 GDP (which might make for an official recession), and an FOMC... where rates won't be cut... frustrating a President.
Earnings:
M - $NGD $EPD $ARLP $ALRS $BOH $PROV $RITM $BMRC $BFST $FMX $CLS $WM $CDNS $RMBS $TLRY $NUE $EXEL $WHR $UHS $CR
T - $UNH $SOFI $PYPL $BA $UPS $SPOT $MRK $PG $LAD $CVLT $V $MARA $SBUX $STX $BKNG $CAKE $TER $FTAI $CZR $PEN
W - $VRT $MO $TEVA $KHC $GNRC $VIRT $HUM $ETSY $HSY $HOG $META $MSFT $HOOD $APLD $CVNA $LRCX $QCOM $KGC $F $ARM
T - $CVS $RBLX $ABBV $NCLH $CCJ $CRS $CI $MA $BMY $EME $AAPL $AMZN $MSTR $COIN $RDDT $RIOT $ENVX $NET $ROKU $CABO
F - $XOM $CVX $REGN $LYB $TROW $FLR $D $CL $CNH $XHR
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Econ-data/events
M -
T - Intl' trade, wholesale and retail invent', Case-Shiller, consumer conf', JOLTS
W - ADP jobs, Q2 GDP (print'1), pending home sales
*FOMC 2pm, press conf' 2.30pm
T - Weekly jobs, Pers' income/outlays, PCE, Chicago PMI
F - Monthly jobs, construction, consumer sent', vehicle sales
*As Thursday will be end month, expect dynamic price action on higher vol'.
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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.
