Weekend update - World equity markets

It was a bullish month for most world equity markets, with net monthly changes ranging from +8.0% (China), +6.6% (Brazil), +6.2% (Russia), +4.0% (Japan), +3.2% (USA), +2.8% (South Africa), +2.7% (Australia), -0.7% (Germany), -1.7% (India), to -14.5% (Argentina).

Lets take our regular look at ten of the world equity markets.

USA - Dow

Germany – DAX

Japan – Nikkei

Brazil – Bovespa

Russia - MOEX

India – SENSEX

China – Shanghai comp'

South Africa – Dow

Argentina - MerVal

Australia – AORD

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Summary

Seven world equity markets were net higher for August, with three net lower.

China and Brazil lead the way up, whilst Argentina saw a severe decline.

The USA, Japanese, Brazilian, South African, and Australian markets broke new historic highs.

Nine markets are trading above their respective monthly 10MA, the exception being Argentina.

Seven markets have positive monthly momentum, the three exceptions being Russia, India, and Argentina.  

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Looking ahead

It will be a short four day week, with Monday CLOSED for Labor Day. 

Earnings:

M - CLOSED

T - $NIO $ASO $SIG $ZS $HQY

W - $DLTR $M $CPB $REVG $JILL $CXM $PSNY $CRM $CRDO $AI $AEO $GTLB $HPE $PD $ASAN $FIG $CHPT

T - $FLWS $SCVL $TTC $DAVA $CRMT $GILL $CIEN $BRC $CAL $DLTH $AVGO $LULU $DOCU $PATH $IOT $BRZE $SWBI $CPRT $GWRE $TTAN 

F - $ABM

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Econ-data/events:

M - CLOSED

T - PMI & ISM manu', construction

W - JOLTS, factory orders, vehicle sales, Fed Beige book (2pm)

T - ADP jobs, Weekly jobs, Productivity, Intl' trade, PMI & ISM serv'

F - Monthly jobs

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Enjoy the holiday weekend
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*the next post on this page will likely appear 4.20pm EDT on Tues' Sept'2nd.

August settles

US equity indexes mostly closed on a weak note, SPX -41pts (0.6%) at 6460. Nasdaq comp' -1.1%. Dow -0.2%. The Transports settled +0.01%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened moderately lower... with the SPX cooling to 6344. From there... a bounce to settle at 6460. Volatility was mixed, the VIX printing 15.97, but cooling back to settle +6.4% to 15.36. 

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Goodnight from London
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The 6500s

US equity indexes closed a little higher, SPX +20pts (0.3%) at 6501. Nasdaq comp' +0.5%. Dow +0.2%. The Transports settled +0.1%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities saw further considerable chop, yet again... leaning upward, with the SPX printing a new hist' high of 6508, and settling at 6501. Volatility was ground lower, the VIX settling -2.8% to 14.43 
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    A day of sunshine and showers

–
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Goodnight from London
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Midweek historic high

US equity indexes closed on a positive note, SPX +15pts (0.2%) at 6481. Nasdaq comp' +0.2%. Dow +0.3%. The Transports settled +0.1%. R2K +0.7% 

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but once again... the SPX leaned upward, printing a new hist' high of 6487, and settling at 6481. Volatility was muted, the VIX settling +1.6% at 14.85. 

–
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Goodnight from London
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Positive leaning chop

US equity indexes closed on a positive note, SPX +26pts (0.4%) at 6465. Nasdaq comp' +0.4%. Dow +0.3%. The Transports settled +0.3%. R2K +0.9%

SPX - daily

VIX - daily

Summary

It was another rather tedious day in equity land, although the SPX did lean upward into the close, settling at 6465... just 16pts shy of the recent hist' high.

Volatility was itself subdued, the VIX settling -1.1% to 14.62. 

–
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Goodnight from London
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Starting subdued

US equity indexes closed on a weak note, SPX -27pts (0.4%) at 6439. Nasdaq comp' -0.2%. Dow -0.8%. The Transports settled -1.8%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened a little weak, with price action subdued for much of the day. The late afternoon saw moderate cooling to settle at 6439.

Volatility was a little mixed, the VIX printing an opening high of 15.12, cooling to 14.24, and settling +4.0% to 14.79.

–
Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +3.4% (R2K), +2.8% (Trans), +1.7% (NYSE comp'), +1.5% (Dow), +0.3% (SPX), to -0.6% (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

Five US equity indexes were net higher for the week, with one net lower.

The R2K lead the way up, whilst the Nasdaq was moderately lower.

The Dow and NYSE comp' broke new historic highs.

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Looking ahead

Earnings:

M - $PDD $NSSC $SSL $SMTC $HEI $MOLN

T - $BMO $BNS $BEKE $ATAT $ECX $EH $DQ $HDL $CDLR $OKTA $MDB $BOX $NCNO $PVH $ELMD $JOYY $GGAL $OOMA $TUYA

W - $KSS $ANF $SJM $WSM $RY $MCFT $PLAB $DCI $TIGR $HAFN $NVDA $SNOW $CRWD $HPQ $VEEV $NTNX $URBN $FIVE $PSTG $NTAP

T - $DG $BBY $TD $CM $BBWI $BURL $DKS $OLLI $LI $LUCK $MRVL $DELL $IREN $ULTA $S $AFRM $GAP $AMBA $ESTC $WOOF

F - $BABA $DOOO $FRO

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Econ-data/events

M - New home sales

T - Durable goods orders, Case-Shiller HPI, consumer conf'

W - EIA Pet'

T - Weekly jobs, Q2 GDP (print'2), pending home sales

F - Pers' income/spending, PCE, Intl' trade, retail & wholesale invent', Chicago PMI, consumer sent'

Friday is end month, normally I'd expect dynamic price action on higher vol', but it is the lead into the Labor day holiday break, which will lean to considerable minor chop on light 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.

Powering upward on Powell

US equity indexes closed very significantly higher, SPX +96pts (1.5%) at 6466. Nasdaq comp' +1.9%. Dow +1.9%. The Transports settled +3.3%. R2K +3.9%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note. The Powell duly appeared at Jackson Hole...

Equities surged on the belief that rates will be cut Sept'17th, with the SPX printing 6478, and settling at 6466. Volatility was crushed into the weekend, the VIX settling -14.3% to 14.22.

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Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Pre-Powell cooling

US equity indexes mostly closed on a weak note, SPX -25pts (0.4%) at 6370. Nasdaq comp' -0.3%. Dow -0.3%. The Transports settled -0.1%. R2K +0.2%

SPX - daily

VIX - daily

Summary

Equities leaned weak for a fifth day, the SPX settling moderately lower to 6370.

Volatility climbed for the fifth day of six, settling +5.8% to 16.60.

–
Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Increasingly twitchy

US equity indexes mostly closed on a weak note, SPX -15pts (0.2%) at 6395. Nasdaq comp' -0.7%. Dow +0.04%. The Transports settled -1.9%. R2K -0.4%

SPX - daily

VIX - daily

Summary

US equities opened much like Tuesday... broadly flat... if leaning a little weak. However, the market was distinctly more twitchy, with the SPX seeing a late morning low of 6343. There was a bounce to 6405, and settling at 6395.

Volatility spiked, the VIX printing 17.19, if cooling back to settle +0.8% to 15.69.   

–
Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Nothing dramatic

US equity indexes closed mixed, SPX -37pts (0.6%) at 6411. Nasdaq comp' -1.5%. Dow +0.02%. The Transports settled +1.4%. R2K -0.8% 

SPX - daily

VIX - daily

Summary

Equities saw broad cooling, the SPX printing 6400, and settling at 6411. Somewhat red... but certainly nothing dramatic.

Volatility picked up, the VIX settling +3.9% to 15.57

–
Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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Subdued Monday

US equity indexes closed a little mixed, SPX -0.6pts (0.01%) at 6449. Nasdaq comp' +0.03%. Dow -0.1%. The Transports settled +0.1%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, and remained that way across the day... the SPX settling almost precisely flat. Volatility was itself subdued, the VIX settling -0.7% to 14.99. 

–
Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
--

 
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