Saturday 15 August 2020

Weekend update - US equity indexes

It was a bullish week for US equities, with the SPX settling +21pts (0.6%) to 3372.

sp'500


The seventh net weekly gain of nine, breaking a new cycle high of 3387, and settling +21pts (0.6%) to 3372. There is zero sign of a short/mid term ceiling/turn.



Looking ahead

A relatively light week is ahead.

Earnings:

M - JD
T - WMT, HD, SE, KSS,CREE
W - LOW, TGT TJX, ADI, NVDA, LB
T - BABA, BJ, EL, ROST, KEYS
F - DE, FL BZUN
-

Econ-data:

M - Empire state manu'
T - Housing starts
W - EIA Pet' report, FOMC mins (2pm)
T - Weekly jobs, Phil' fed, leading indi'
F - PMI manu/serv' flash, existing home sales. *OPEX*
-

Intraday service, details/latest offers, see: Permabeardoomster.com


Have a good weekend
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*the next post.... nothing scheduled.