Saturday 18 July 2020

Weekend update - US equity indexes

It was a bullish week for most US equity indexes, with net weekly changes ranging from +6.3% (Transport), +2.7% (NYSE comp'), +2.3% (Dow), +1.2% ($SPX), to -1.1% (Nasdaq comp').


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

sp'500



Nasdaq comp'



Dow



NYSE comp'



Trans





Summary

Four indexes settled net higher for the week, with one net lower.

The Transports lead the way higher, with the Nasdaq trailing.

The Nasdaq comp' broke a new historic high of 10824. but then reversed powerfully lower.

More broadly, the Dow and the Trans have joined the SPX and Nasdaq comp', as all four are trading above their respective monthly 10MA. That just leaves the NYSE comp'.


8.51pm BST, London Parakeets flying home.

Looking ahead

A very busy week is ahead, not least with earnings.

Earnings:

M - IBM, HAL, CALM, AMTD, LOGI, STLD
T - UAL, KO, LMT, BIIB, TXN, SNAP, COF, TER, NAVI

W - TSLA, MSFT, CAJ, NDAQ, BKR, KEY, EVR, ARCH, CSX, LVS, CMG, ALGN, EFX, WHR, NTGR, MCRI

T - AAL, T, FCX, CTXS, UNP, KMB, BX, DOW, TRV, HSY, TWTR, STM, LUV, PHM, TECK, ALK, INTC, AUY, MAT, WWE

F - AXP, SLB, HON, VZ, BLMN
-

Econ-data:

M -
T - Chicago Fed' Nat Act'. US govt' committee vote on Sheldon and Walker to the fed.
W - Existing home sales
T - Weekly jobs, leading indi'
F - PMI manu', new home sales
-

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Have a good weekend
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*the next post on this page will likely appear 5pm EDT on Monday.