Weekend update - World equity markets

It was a mixed month for world equity markets, with net monthly changes ranging from +28.4% (South Korea), +11.9% (Japan), +3.3% (Germany), +2.8% (USA), +0.9% (Australia), -1.1% (China), -1.3% (South Africa), -2.8% (India), -3.4% (Russia), to -7.1% (Brazil).

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

South Korea - KOSPI 

Australia – AORD

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Summary

Five world equity markets were net higher for May, with five net lower.

South Korea was extremely higher, whilst Brazil was powerfully lower.

The USA, Japan, and South Korean markets broke new historic highs.

Six markets are trading above their respective monthly 10MA, the four laggards being Russia, India, South Africa, and Australia.

Six markets have positive monthly momentum, the four laggards being Germany, Russia, India, and Australia.  

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Looking ahead

Earnings:

M - $SAIC $CRDO $HPE $HIVE $CANG 

T - $DG $VSCO $MOMO $DCI $SIG $ODD $TIGR $YSWY $PANW $GTLD $ULTA $SPWH $PICS $YEXT $PETS 

W - $M $OLLI $MMED $MDT $CGNT $THO $CXM $VBNK $AVGO $CRWD $AI $VEEV $FIVE $DSGX $CHPT $PVH $WOOF $NTSK

T - $CIEN $CMCO $CAL $BF.B $XE $TTC $OESX $LULU $DOCU $PL $RBRK $IOT $GWRE $TTQN $BBCP $COO $NX 

F - $ABM $GIII 

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Econ-data/events:

M - ISM manu', construction, vehicle sales

T - JOLTS

W - ADP jobs, factory orders, ISM serv', EIA Pet', Fed Beige book (2pm)

T - Weekly jobs, productivity

F - Monthly jobs, consumer credit (3pm)

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Final note 

A mixed month for the collective of global equities. The standout... South Korea, driven upward by the semicons, themselves ramping on sustained high chip prices.

As for the USA... the market is set to be propped up by the trinity of IPOs... SpaceX, OpenAI, and Anthropic. 

Unless there are resumed sustained hostilities in the middle east, I lean net bullish all the way into Labor day. From there... net bearish into the midterms, and then net bullish into early 2027. 

Gold, Silver, and the miners are looking interesting again.  

As ever... just be sure you have enough popcorn and your favourite drinks, for episode 2026 of 'Planet Krazy'. 

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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

 

 

 

May settles positive

US equity indexes mostly settled May on a positive note, SPX +16pts (0.2%) at 7580. Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +0.3%. R2K -0.6%

SPX – daily

VIX – daily

Summary

US equities ended May on a bullish note, the SPX printing a new historic high of 7599, and settling at 7580. Volatility was ground lower for the seventh day of nine, the VIX settling -2.7% to 15.32.  
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Just another day

US equity indexes mostly closed on a positive note, SPX +43pts (0.6%) at 7563. Nasdaq comp' +0.9%. Dow +0.05%. The Transports settled -0.7%. R2K +0.6%

SPX – daily

VIX – daily

Summary

It was just another day for the bulls, the SPX breaking a new historic high of 7568, and settling moderately higher at 7563. Volatility was ground lower for the sixth day of eight, the VIX settling -3.4% to 15.74. 
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Wednesday chop

US equity indexes mostly closed on a positive note, SPX +1pt (0.02%) at 7520. Nasdaq comp' +0.1%. Dow +0.4%. The Transports settled +1.4%. R2K -0.01%

SPX – daily

VIX – daily

Summary

US equities saw a day of considerable chop, the SPX settling effectively flat at 7520. 

Volatility was ground lower for the fifth day of seven, the VIX settling -4.2% to 16.29.  
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Another day

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Bullish short weeks

US equity indexes mostly closed on a positive note, SPX +45pts (0.6%) at 7519. Nasdaq comp' +1.2%. Dow -0.2%. The Transports settled +2.1%. R2K +1.8%

SPX – daily

VIX – daily

Summary

US equities began the short week on a positive note, the SPX printing a new hist' high of 7539, and settling moderately higher at 7519. Volatility picked up a little, the VIX settling +1.9% to 17.01.  

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Another day in hell

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Weekend update - US equity indexes

It was a bullish week for US equity indexes, with net weekly gains ranging from +3.1% (Trans), +2.7% (R2K), +2.1% (Dow), +1.9% (NYSE comp'), +0.9% (SPX), to +0.4% (Nasdaq comp'). 

Lets take our regular look at six of the main US indexes

sp'500

Nasdaq comp'

Dow

NYSE comp'

R2K

Trans

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Summary

All six US equity indexes were net higher for the week. 

The 'old leader' - Transports, lead the way up, whilst the Nasdaq lagged.

The mighty Dow broke a new hist' high. 

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Looking ahead

It will be a short four day trading week, with Monday CLOSED for Memorial day

Earnings:

M - $JOYY

T -  $ESLT $AZO $PONY $CRGO $SKY $CSW $VNET $ZS $SGM $BOX $API $OOMA $MOD $SVM $QFIN $APPS $BBAR

W - $DKS $BBWI $BNS $CPRI $PDD $DY $ANF $BMO $MDWD $SPMC $CRM $MRVL $SNOW $SNPS $HPQ $P $NCNO $BRZE $AMSC $NTNX 

T - $BBY $PLAB $HRL $BURL $WB $XPEV $ARBE $CM $KSS $FUTU $DELL $PATH $MDB $COST $ADSK $S $OKTA $ESTC $NTAP $GAP 

F - $ELMT $KNOP $FUFU

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Econ-data/events

M -*CLOSED*

T - Case-Shiller HPI, consumer conf'

W - -

T - Weekly jobs, Durable goods orders, New home sales, EIA Pet & NG reports. 

F - Q1 GDP (print'2), Pers' income/spending, PCE, Intl' trade, retail & wholesale invent', Chicago PMI

*As Friday is end month, I'd expect considerable chop on higher vol'.  
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Have a good weekend
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*the next post on this page will likely appear 6pm EDT on Tues', May 26th

 

Climbing into the long weekend

US equity indexes climbed into the long weekend, SPX +27pts (0.4%) at 7473. Nasdaq comp' +0.2%. Dow +0.6%. The Transports settled +0.8%. R2K +1.0% 

SPX – daily

VIX – daily

Summary

Equities opened on a positive note, with the SPX clawing to 7506, and settling moderately higher at 7473.  Volatility was ground lower into the long weekend, the VIX settling -0.4% to 16.70.  
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Thursday swings

US equity indexes mostly closed a little higher, SPX +12pts (0.2%) at 7445. Nasdaq comp' +0.1%. Dow +0.5%. The Transports settled -0.1%. R2K +0.9%

SPX – daily

VIX – daily

Summary

US equities opened on a weak note, the SPX printing 7389. There was an afternoon swing upward on hopes of a US-Iran draft agreement, a high of 7465, and cooling back to settle at 7445. 

Volatility was ground lower, the VIX settling -3.9% to 16.76. 
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Moon, Jupiter, Venus

 

Bullish to the moon

A little closer

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Midweek bounce

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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Day three down

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...

  

Bullish flowers

 

Sunny, if chilly 14c/57f

Near/at maximum green

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