US equity indexes closed significantly higher, SPX +79pts (1.1%) at 7432. Nasdaq comp' +1.5%. Dow +1.3%. The Transports settled +2.5%. R2K +2.3%
SPX – daily
VIX – daily
Summary
US equities opened moderately higher, clawing upward to settle sig' higher at 7432. Volatility was ground lower, the VIX settling -3.4% to 17.44.
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US equity indexes closed broadly lower, SPX -47pts (0.7%) at 7353. Nasdaq comp' -0.8%. Dow -0.6%. The Transports settled -0.3%. R2K -1.1%
SPX – daily
VIX – daily
Summary
US equities opened moderately lower, with the SPX printing a low of 7333, bouncing to 7395, and settling at 7353. Volatility was subdued, the VIX settling +1.3% at 18.06.
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| Once more... |
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| Bullish flowers |
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| Sunny, if chilly 14c/57f |
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| Near/at maximum green |
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US equity indexes closed mixed, SPX -5pts (0.1%) at 7403. Nasdaq comp' -0.5%. Dow +0.3%. The Transports settled +0.4%. R2K -0.7%
SPX – daily
VIX – daily
Summary
US equities opened a little choppy. The SPX briefly printing 7434, before swinging lower to 7353. Trump posted at 3.01pm EDT...
... with the SPX bouncing to settle fractionally lower at 7403.
Volatility was a little mixed, the VIX printing a high of 18.90, but settling -3.3% at 17.82.
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It was a bearish week for most US equity indexes, with net weekly changes ranging from -2.3% (R2K), -0.6% (NYSE comp'), -0.3% (Trans), -0.2% (Dow), -0.1% (Nasdaq comp'), to +0.1% (SPX).
Lets take our regular look at six of the main US indexes (weekly candle charts)
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
Five indexes were net lower for the week, with one net higher.
The R2K was sig' lower, whilst the SPX was fractionally higher.
The SPX and Nasdaq broke new historic highs.
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Looking ahead
Earnings:
M - $BIDU $TOYO $NRXP $BRC $CGEN $RNW $IQ $DUOT $AGYS $FATN $GOSS
T - $HD $VRT $AS $ECC $MMYT $RERE $RDCM $LUXE $HSAI $CRNT $KEYS $CAVA $TOL $AUNA $CCIF $RRGB $JHX $ZTO $XELB $EGHT
W - $TGT $LOW $TJX $ADI $VFC $ZIM $ARCO $HAS $GDS $PERI $NVDAS $ELF $INTU $SBLK $URBN $STEP $NDSN $BLTE $ENS
T - $WMT $DE $NIO $WMS $LSPD $HLNE $AAP $DAVA $RL $NTES $DECK $ZM $TTWO $WDAY $BULL $CPRT $FLO $ROST $RAMP $LION
F - $BJ $BAH $GSL
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Econ-data/events
M -
T - Pending home sales
W - EIA Pet', FOMC mins (2pm)
T - Weekly jobs, housing starts, building permits, Phil' Fed' manu', PMI serv' & manu'
F - Consumer sent', leading indicators.
*as Monday May 25th is CLOSED, I would expect the preceding Friday to be very subdued on low vol'
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Final note
The week ended on a significantly weak note, as the setup favours the bears ahead of the long weekend. Beyond Memorial day, I lean net bullish into the SpaceX IPO - apparently due Friday, June 12th. We have to expect some degree of hysteria, surrounding what will likely be the biggest IPO of all time.
Bond yields are an issue, although I'm aware most of you don't care about such things. The bond market is demanding higher yields for good reason, as inflation is on the rise. Most have given up on any hope of rate cuts this year, with an increasing number expecting a hike before year end.
Just two more weeks, and the Strait of Hormuz will have been largely closed for three months. The mid term implications - especially for fertiliser, can't be over-stated. Again though... few want to hear about such things, as it only makes them uncomfortable.
As ever... just be sure to have enough popcorn for episode 2026 of 'Planet Krazy'.
Have a good weekend
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*the next post on this page will likely appear 6pm
EDT on Monday.
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US equity indexes mostly closed significantly lower, SPX -92pts (1.2%) at 7408. Nasdaq comp' -1.5%. Dow -1.1%. The Transports settled +0.4%. R2K -2.4%
SPX – daily
VIX – daily
Summary
Equities opened significantly lower, dragged down by other world markets, and further not helped by higher bond yields. The SPX printed an early low of 7397, bounced to 7454, and settled at 7408.
Volatility picked up, the VIX printing an opening high of 18.86, and settling +6.8% to 18.43.
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| Bullish sunset |
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| ... another day on planet Krazy |
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US equity indexes closed broadly higher, SPX +57pts (0.8%) at 7501. Nasdaq comp' +0.9%. Dow +0.7%. The Transports settled +1.4%. R2K +0.6%
SPX – daily
VIX – daily
Summary
The SPX broke a new hist' high of 7517, settling broadly higher at 7501.
Volatility was ground lower for a third day, the VIX settling -3.4% to 17.26.
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US equity indexes closed mixed, SPX +43pts (0.6%) at 7444. Nasdaq comp' +1.2%. Dow -0.1%. The Transports settled -0.4%. R2K +0.1%
SPX – daily
VIX – daily
Summary
Whilst indexes were mixed, the SPX clawed upward to print a new historic high of 7460, and settling at 7444. Volatility was muted, the VIX settling -0.6% to 17.87.
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US equity indexes mostly closed on a weak note, SPX -11pts (0.2%) at 7400. Nasdaq comp' -0.7%. Dow +0.1%. The Transports settled -0.9%. R2K -1.0%
SPX – daily
VIX – daily
Summary
US equities opened moderately lower, with the SPX printing a low of 7338. There was a latter day recovery to settle marginally lower at 7400.
Volatility was mixed, the VIX printing a high of 19.10, and cooling back to settle -2.1% to 17.99
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US equity indexes mostly closed on a positive note, SPX +13pts (0.2%) at 7412. Nasdaq comp' +0.1%. Dow +0.2%. The Transports settled -0.8%. R2K +0.4%
SPX – daily
VIX – daily
Summary
US equities continued to claw upward, the SPX printing a new hist' high of 7428. There was a little cooling into the close, settling at 7412.
Volatility picked up, but the gain was largely technical (due to the new week), the VIX settling +6.9% at 18.38.
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| Bullish green |
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| Another day |
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It was a mixed week for US equity indexes, with net weekly changes ranging from +4.5% (Nasdaq comp'), +2.3% (SPX), +1.7% (R2K), +0.2% (Dow), -0.4% (NYSE comp'), to -1.9% (Trans).
Lets take our regular look at six of the main US indexes (monthly candle charts)
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
--
Summary
Four US equity indexes were net higher for the week, with two net lower
The Nasdaq was powerfully higher, whilst the Transports was sig' lower.
The SPX, Nasdaq, and R2K broke new historic highs.
More broadly, five indexes are trading above their respective 10MA, and have positive monthly momentum. The exception is the NYSE comp'.
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Looking ahead
Earnings:
M - $CRCL $CEG $B $MNDY $MOS $XGN $CGBD $CRON $FSK $VFF $HIMS $ASTS $RGTI $MARA $BW $ACHR $CLSK $GPRO $MVST
T - $QBTS $AG $KOPN $VG $ONON $SE $JD $ACHV $BETA $AMTM $OKLO $KRMN $ELMD $NXT $FNV $AEYE $ANDG $ATRO $OPRX $EVLV
W - $NBIS $BABA $EOSE $DT $WIX $ICL $VLN $VSH $GLBE $KYIV $CSCO $ENVX $USAR $AQST $PEW $DOCS $BEAT $CPA $LESL $FLNT
T - $ONDS $BN $KLAR $LUNR $BLSH $IMSR $SBC $YETI $SUNS $VIK $NIU $FIG $AMAT $NN $RUM $BZAI $BLNE $BRFH $CODX $BSEM
F - $SPRY $HTHT $PAVM $RMIX $SACH $SLE $AZ $MHH $RBC
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Econ-data/events
M - Existing home sales
T - CPI, NFIB optimism, US t-budget (2pm)
W - PPI, EIA Pet'
T - Retail sales, Weekly jobs, import prices, busin' invent'
F - Empire state manu', indust' prod', home builder conf'. *OPEX*
As Friday is OPEX, I'd expect considerable chop on higher vol'
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Final note
Suffice to add... I'm net bullish into the SpaceX IPO, due mid/late June. We can expect some degree of mainstream hysteria, to surround what will likely be the biggest IPO of all time. Friday's price action in Rocket Lab was a sign of what is to come.
Whilst the war continues, the market has a massive distraction, that should carry us upward into the summer. As ever... be sure to have enough popcorn for episode 2026 of 'Planet Krazy'.
Have a good weekend
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*the next post on this page will likely appear 6pm
EDT on Monday.
US equity indexes closed on a positive note, SPX +61pts (0.8%) at 7398. Nasdaq comp' +1.7%. Dow +0.02%. The Transports settled +0.1%. R2K +0.7%
SPX – daily
Summary
US equities opened on a positive note, the SPX clawing upward to print a new hist' high of 7401, and settling at 7398. Volatility held up relative to equities, the VIX settling +0.6% to 17.19
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| A fine Friday |
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| ... as the war continues |
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