Friday 24 May 2019

Into the long weekend

US equity indexes mostly ended the week on a slightly positive note, spx +4pts (0.1%) at 2826. Nasdaq comp' +0.1%. Dow +0.4%. The two leaders - Trans/R2K, settled -0.3% and +0.8% respectively.




US equities opened moderately higher. The gains to 2841 were shaky though, with the SPX cooling back to fractionally negative to 2820 in late morning. The afternoon saw another wave higher to 2833, before a touch of cooling into the long weekend. Volatility was naturally subdued, with the VIX melted lower, settling -6.3% at 15.85.

I will continue to highlight anyone and anything I see as worthy. Whilst Josh Brown sure does annoy me at times, the following does merit viewing...

Indeed, across the long term, such exponential equity growth is the case. Or would you rather a nice US Govt' bond. Even better, how about a neg' yield one from Germany or Japan?

yours.. bullish compounding, and bearish statistical decay.


Last night SpaceX launched the first batch of 60 satellites that will form the Starlink global internet.


Yours truly was naturally watching the live feed via Youtube at 4am. A look outside, and I saw an engine burst/flash from the second stage as it flew over London. Regardless of what you might think of Musk and Tesla, SpaceX continues to produce superb and inspirational work. Maximum bullish SpaceX to the Moon, Mars... and beyond.

Another arrival to the land of geo-political chaos.

A welcome end to the week

Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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