It was just another day for the equity bulls, the SPX printing a new hist’ high of 5635, and settling +1.0% to 5633.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the week by +66pts (1.2%). Weekly momentum is increasingly positive, as all cooling waves are being restrained.
I have to think the market will be ‘fine’ with CPI and PPI, in which case, we’ll settle net higher for the week by some degree. In any case… there is ZERO sign of a short/mid term ceiling.
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Looking ahead
Thursday will see the CPI data, consensus:
Headline y/y: 3.1% vs 3.3% prior
Core y/y: 3.5% vs 3.4% prior
Other data: weekly jobs, US T-budget
Earnings: $PEP $DAL $CAG $BSVN
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Final note
Mr Long… always recommended.
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A reader forwarded this one to me.
I’ve not watched it yet, but I do like the Whalen.
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Increasing background chatter from some… demanding a Sept’ rate cut.
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The Pentagon ran an anti-vax campaign… but only against China.
Is anyone really surprised?
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The Celente… you know what to expect.
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Lin with Grandich.
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Ms. Cambone… with that guy again.
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Perpetually tired
I feel like I’m on a merry go round. I start at 12pm BST… and end around 11pm. Before I know it… its 12pm again, and I have to get out of bed. The weekends… are a blur, as I mostly sleep.
Its a… strange lifestyle. I guess it could be worse.
Ohh, and I continue to wonder if anything of ‘significance’ will happen next Mon/Tues’.
Goodnight from London