Equities continued to claw upward, the SPX printing a new cycle high of 6043, settling +32pts (0.5%) to 6038.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the week by +38pts (0.6%). Weekly momentum is increasingly positive, as the market looks pretty strong into July/August.
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Looking ahead
Wednesday will see CPI, consensus:
Headline y/y: 2.5% vs 2.3% prior
Core y/y: 2.9% vs 2.8% prior
Other data: EIA Pet’, US T-budget (2pm)
Earnings: $CHWY $VSCO $VRA $SAIL $JILL $ORCLE $OXM
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Final note
The Maloney!
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*I’ve not watched… yet. I’d certainly be open to a major washout into October. I have to wonder if the US 10yr yield >5.00% would be the excuse.
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As a child of the 1970/80s, I would regularly have nightmares about being vapourised. At school… I’d look up… and see dozens of B52 bombers. Those were scary times… to eventually improve with the end of the USSR and fall of the Berlin wall.
Today… the NEOCONS, of which there are in both red AND blue team, are thirsty to see things turn nuclear. It’d be the excuse to push through ALL the dystopian legislation they want.
Trump appears utterly naive about Palantir… and the path we’re headed. Vance… would do as Thiel demands, who is arguably also in bed with technocrat Musk.
One of these days… you’ll wake up to the headline ‘Nuclear detonation’. At best… it’ll be the Russians carrying out a test… east of the Urals. At worse, it’ll be a false-flag… in a western city.
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I recognise most of you don’t want to hear it, but it doesn’t make him wrong. Demographics are EVERYTHING. Any doubters… I refer you to Japan and South Korea.
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Rogan and Dr Bowden. 2hrs 51mins.
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Ohh Howard! The guy never did ANYTHING bad, but is randomly taken out by Lalo. My hopes of a happy ending with Saul and Kim together are fading.
Goodnight from London