US equities saw further chop, if positive leaning, the SPX +37pts (0.6%) to 6263.
sp’weekly1b
Summary
SPX: as things are, we’re net lower for the week by -16pts (0.3%). Weekly momentum is on the very high side. Bulls should be able to tolerate any cooling to around 6K. Upper bollinger is offering 6396.
The bears would arguably do well to just turn off their screens until the flip side of Labor day.
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Looking ahead
Thursday will see Weekly jobs
Earnings: $DAL $CAG $BYRN $SMPL $HELE $NTIC $LEVI $WDFC $PSMT $ETWO $VIST
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Final note
Indeed… the grossly indebted consumer.
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I was never a fan of M&A.
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*I think ‘2025’ is a typo… and it should be 2035.
Yours truly has been projecting a $50trn federal debt by 2030/32.
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*I’ve not watched.
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Ms. Prins is usually worth your time.
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The UK is not a safe country for multiple reasons. I especially liked Dore highlighting how the UK is supportive of the Syrian leader – an outright psychopath, but hey… he is Starmer’s type of terrorist.
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Geo-political chatter.
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Feisty… as ever.
Reading around… the political divide has never been wider, as we’ve now a split within red team. Ohh, I understand if you’re one of the ‘stand with Trump’ people, I get it, but the notion of ‘lets just move on from Epstein’, is something many will NEVER be able to.
The Nov’2026 midterms will be one hell of a battle, arguably the most contested election of the past hundred years. Can Elon build a team to win a significant number of seats?
… and we saw Ms. Vaxarino leave X today… which can’t be just a coincidence. No way. Either she became tired of Elon’s politics, or she was kicked. I wonder who will replace her, and whether they’ll tighten the censorship vice (especially in terms of Israeli/Gaza chatter).
Goodnight from London