US equity indexes settled the year/decade on a positive note, sp +9pts (0.3%) at 3230. Nasdaq comp' +0.3%. The Transports settled +0.2%.
sp'daily5
VIX'daily3
Summary
... and that concludes 2019... and the decade. Suffice to note, it was a pretty sleepy trading day, comprised of mostly minor chop. Volatility did pick up a little, with the VIX printing 15.39 in early morning, but settling -7.0% at 13.78.
Goodnight from London
*The weekend post on 'world equity markets' will appear early, on New Years day.
Further, yours truly will endeavour to highlight as many end month/year settlements as possible, not least in the Gold/silver miners, and many key stocks on https://twitter.com/permabear_uk
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US equity indexes closed moderately weak, sp -18pts (0.6%) at 3221. Nasdaq comp' -0.7%. The Transports settled -0.6%.
sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, and then saw a moderate wave lower to sp'3216. There was a little bounce, with renewed cooling in the afternoon.
Volatility picked up, with the VIX settling +10.3% at 14.82.
*Tuesday will see a normal market close at 4pm EST. For the chartists out there - yours truly included, the monthly, yearly, and decadal settlements will merit considerable attention.
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It was a bullish week for US equity indexes, with
net weekly gains ranging from +0.9% (Nasdaq comp'), +0.7% (Dow), +0.6% (SPX), +0.4% (NYSE comp'), to +0.3% (Trans).
Lets take our regular look at five of the main US indexes
sp'500
The SPX climbed for a 5th consecutive week, the 11th of 12, breaking a new historic high of 3247, settling +18pts (0.6%) to 3240. RSI 74s are the highest since Jan'2018.
Nasdaq comp'
Dow
NYSE comp'
Trans
–
Summary
All five US equity indexes saw net weekly gains.
The Nasdaq lead the way higher, whilst the Transports lagged.
The SPX, Nasdaq comp', Dow, and NYSE comp', broke new historic highs.
YTD price performance:
The Nasdaq comp' is currently +35.7%. The SPX +29.2% and the Dow +22.8%. The NYSE comp' is +22.6%, with the Trans +19.3%
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Looking ahead
It will be a short four day trading week.
M - Intl' trade, wholesale invent', pending home sales, Dallas Fed' manu'
T - Case-Shiller HPI, FHFA HPI, Chicago PMI, consumer con'
W - CLOSED for New Years Day
T - Weekly jobs, PMI manu', FOMC mins (2pm), Fed bal' sheet (4.30pm)
F - Vehicle sales, ISM manu', EIA Pet' & NG reports.
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Final note
There are just two trading days left of the year/decade. The 2020s are about to dawn, and I'll leave it at that.
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For details/latest offers, see: Permabeardoomster.com
Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
US equity indexes closed a little mixed, sp +0.1pts at 3240. Nasdaq comp' -0.2%. Dow +0.1%. The Transports settled -0.1%.
sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, and it was enough to generate new historic highs in the SPX, Nasdaq comp', Dow, and NYSE comp'. The rest of the day comprised minor chop, leaning on the weaker side.
Volatility remained broadly subdued, with the VIX settling +6.2% at 13.43.
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US equity indexes closed moderately higher, sp +16pts (0.5%) at 3239. Nasdaq comp' +0.8%. Dow +0.4%. The Transports settled +0.3%.
sp'daily5
VIX'daily3
Summary
US equities saw further algo-bot upward melt, which was more than enough to generate new index historic highs. VIX remained subdued in the 12s. There is little reason to expect Friday to be any different.
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First, I hope your day is fine. I recognise for many... its a 'struggle' at best.
With clear skies, yours truly ventured out...
One of the very few arrivals today
A third sunset closer to summer 2020
Skies for the gold bugs
Yours truly is thinking not just about 2020, but the decade ahead...
Civil unrest, as the underlying structural issues (demographics etc) increasingly strain the global economy.
War, its difficult not to see some serious confrontation at some point, whether in the middle east, or a more probable Asia. China and India both look prime, not least for demographic reasons (gross surplus of men).
Financial: the 2020s look set to be the decade where a 'global monetary reset' occurs. Further, the central banks have only one option... to print to infinity. QE 'for the people', along with a basic income for many.
Political: A second Trump victory (the democrats remain in denial about this likely outcome), will have monstrous societal implications, as American society becomes even more polarised.
Societal: humanity continues to turn on itself, with greater restraint on freedom of expression, travel, and perhaps even how long you are permitted to live.
Technology: Further exponential improvement in storage capacity and processing power can be expected. The shift toward all electric and autonomous vehicles is inevitable.
Off-world: SpaceX, NASA, Blue Origin, et al, can be expected to make massive progress. In theory, humanity could make it to Mars before the end of the decade.
Climate: it remains ironic that the real threat is global cooling, as the solar cycle setup leans to serious problems, especially from 2025 onward.
There will be surprises to be sure, and some, will be most welcome.
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A few videos...
A (NSFW) spoiler FILLED review of 'The Rise of Skywalker'.
I consider the movie an abomination. In fact, I've written off the 'Disney trilogy' entirely, and will just continue to believe in...
Episode 7: Heir to the Empire
Episode 8: Dark Force Rising
Episode 9: The Last Command
... now those were real stories by Zahn. Disney could have (at least loosely) used some of Lucas ideas, but they had no plan... and it shows.
Its a shame, as the new cast members of Ridley, Boyega, Isacc, and Driver, are all superb actors. They were just given a garbage script/story to work from.
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Ohh, and here is something...
Baumann has some seriously good editing skills. At least 'The Mandalorian' doesn't suck, and 'Kenobi' should be fine in 2020/21.
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Whilst many markets will remain closed on Thursday (including the UK), yours truly will be up and running. Wherever you are... good wishes, yours... P.
Merry Christmas to my readers, twitter followers, and subscribers across the world.
Movie suggestions...
Krampus (2015)
Rare Exports (2010)
Bad Santa (2003)
Die Hard (1988), seriously, it IS a Christmas movie :)
.. and there is always Trading Places (1983)
Rare Exports
Whether this is your time of year or not, enjoy your Christmas day, away from the green and red flashing boxes.
Yours... PD, aka.. Philip
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*the next scheduled post is Thursday Dec'26th, by 5pm EST.
US equity indexes closed a little higher, sp +2pts (0.1%) at 3224. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled +0.1%.
sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, and it was enough to see the SPX break a new historic high.
The departure of the Boeing (BA) CEO Muilenburg caught some mainstream attention.
Muilenburg resigned with immediate effect, and will be replaced by Calhoun, Jan'13th. He has a tough year ahead, and whilst the 737MAX can be expected to be flying again this spring, I want to note this...
If there is one (probably to be leaked) pilot's report of further 'difficulties' with the plane, I'd expect another grounding... and one that could easily become permanent.
The real story - that is still largely ignored by the mainstream, is that Boeing are trying to solve a hardware problem via a software fix. No. No. HELL NO! This is NOT the way.
BA, monthly
There is a viable H/S formation. I would note the spike low of $285s. ANY price action <285 would merit alarm bells, and threaten the $140s. For now, the stock is broadly... turbulent.
Volatility remained subdued, with the VIX settling +0.8% at 12.61.
Sideline video on population...
Whilst any outlook is to be seen as speculative, the above is a pretty reasonable guess. I would note the massive growth in Nigeria.
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