It was a wild Wednesday in equity land, the SPX seeing a morning washout to 5406, but seeing a powerful rebound to 5560, and settling +58pts (1.1%) to 5554.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the week by +145pts (2.7%). Weekly momentum is flat lining on the moderately low side. Bears should be somewhat desperate to see a daily/weekly close <5500.
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Looking ahead
Thursday will see PPI, Weekly jobs, US T-budget
Earnings: $BIG $SIG $KR $CAL $TKC $MYTE $LOVE $IPHA $ISPR $ADSE $ADBE $RH $FARM
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Final note
*as ever, I don’t necessarily agree with EVERYTHING that is said within things I highlight.
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General fin’ chatter.
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As they say… ‘if you don’t hold it, you don’t own it’.
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Ukraine Ordered by US Neocons to Provoke WWIII Before Election
‘Our computer has been targeting the week of September 9th for months. It was the strongest target for the month in Russia. When you look at Ukraine, we enter a Panic Cycle next week, and a two-week trend unfolds.’ – Armstrong.
I remain concerned of an ‘event’ before the election.
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The war drums are frightening loud.
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The Celente… you know what you’re getting.
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As for last night’s ‘big show’
Kamala didn’t implode, and did better than most expected.
Trump was… Trump. He had a few moments, but he should have pushed her on any number of issues, not least the Federal deficit, interest payments, and broader economic weakness.
It appears that there will be no further debates between Trump/Harris, and that will probably be a good thing for both of their campaigns.
Its hard to call the election, not least as I’m distinctly skewed on whom I believe will help lower the threat of nuclear war. Every other consideration is secondary.
Goodnight from London