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