Equities mostly (tech being the exception) began the week on a weak note, the SPX settling -10pts (0.2%) to 5833.
sp’weekly1b
Summary
SPX: Most noticeable is that weekly momentum has started to tick back lower… but we’ve a long week ahead, and it won’t take much to see it swing upward.
In any case… Mr Market looks comfortably bullish ahead of the election. I have to expect an upward spike on the night of Nov’5/6, sheer relief that the ‘issue/event’ is out of the way. How long such a spike lasts… is another matter.
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Looking ahead
Tuesday has no econ-data on the schedule.
Earnings: $VZ $GM $MMM $RTX $LMT $GE $FCX $DGX $PM $SHW $ENPH $BDN $STX $BKR $VLRS $TXN $CNI $ENVA $NBR $PFSI
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Final note
Ms. Cambone with guest Collum
*I’ve not watched it, but it might interest some of you.
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‘if they can get Russia, China, North Korea, or Iran to declare war or attack before the election or certainly before January 20th, and they could declare Martial Law.’ – Armstrong
For the record, I do NOT expect that.
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As the horror continues.
Why would anyone expect it to ever improve?
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… even more geo-pol chatter.
If anything, its a reminder about the threat of a hyper spike in oil prices.
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Another day closer
Perhaps my favourite post of the day…
Indeed, imagine going back a decade or two, and trying to explain the above series of pictures to someone. How about ‘Trump decided to take the offer of work at McDonalds for a year, rather than five years in jail’ ?
Every day is more wild. We have to expect ‘surprises’ before year end, especially from the middle east.
Goodnight from London
Yours… off to watch Breaking Bad, 1×07, the season one finale!