US equities resumed on a positive note, the SPX printing a new hist’ high of 5505, if settling -0.2% to 5473.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the short week by +41pts (0.8%). Weekly momentum is ticking upward, and will likely continue upward for at least another 2-3 weeks.
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Looking ahead
Friday will see PMI Manu’ and serv’, existing home sales, leading indi’.
Earnings: $KMX $FDS
Event: Quadruple Option Expiration… aka… QUAD-OPEX, equity price action could to be expected to be more dynamic on higher vol’. There will also be some index re-balancing.
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Final note
*as ever, just because I highlight someone, doesn’t mean I agree with ALL, or anything they say.
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The chess pieces continue to move across the planetary board at an accelerating rate, with Putin courting east Asia.
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Highly recommended. Israel/Lebanon should be an increasing concern, especially for oil/energy traders.
Both Celente and the Judge believe Biden will QUIT the Presidential race, as I also suspect, to be replaced by Clinton or Newsom.
Were I a blue team supporter, I’d want Trump taken to the slammer, and then have Biden take a literal ‘fall’… and a week or two later announce he is cancelling his run. Then bring in Newsom, whom is arguably a better candidate against Trump.
We’ve not long to find out… if that is the timeline we’re in.
Goodnight from London