Lets take our regular look at five of the main US indexes (weekly candle charts)
All five US equity indexes settled net higher for the week.
The Nasdaq comp' lead the way, with the Dow lagging.
The SPX, Nasdaq comp', Dow, and NYSE comp' broke new historic highs.
YTD price performance:
The Nasdaq comp' continues to lead for the year, currently +31.6%, with the SPX +26.4%. The Dow is +20.6%, and the NYSE comp' +20.4%. The Transports is lagging, but still net higher by a very considerable +17.5%
It will be the last full trading week of the year/decade.
Earnings: HEI (Mon'), JBL, FDX, SCS (Tues'), GIS, MU, PAYX (Wed'), DRI, NKE, ACN (Thurs'), BB, KMX, WGO (Fri').
Econ-data: *to add early Monday*
|Another sunset closer to winter solstice|
There are just 10.5 trading days left of the year/decade. Every day continues to get ever more crazy in the twilight zone. We have the US President leading the charge, literally posting market updates most days. The Fed are already printing of course, and also adding massive support via ever larger overnight REPOs.
With a clear majority, Johnson/Conservatives, are set to finalise and push through a BREXIT bill, with the UK to leave the EU, as early as end January 2020. Meanwhile, Trump is on track for a second term, and no doubt, the US capital markets will be happy about that.
Perhaps all that is missing, is renewed talk about an infrastructure bill, but I guess that can wait until 2021. There is little sign of the 'everything bubble' bursting. After all, how could they let it?
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Have a good weekend
*the next post on this page will likely appear 5pm EST on Monday.