It was another day of considerable minor chop, the SPX settling +0.2% to 5477.
sp’weekly1b
Summary
SPX: chop chop… chop… as Mr Market appears very content with June/Q2/H1 soon to settle. There is clearly ZERO sign of a m/t ceiling/turn. On balance, I would expect a standard 10% correction – to test m/t supports around 5K, before the election, and yes… that covers a considerable four months.
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Looking ahead
Thursday will see weekly jobs, GDP Q2 (print’2), durable goods orders, pending home sales
Earnings: $WBA $MKC $AYI $SMPL $APOG $LNN $NKE $ACCD $AOUT $PNST
Event: Trump – Biden debate, CNN, 9pm EDT
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Final note
Lin with guest Ms. Navidi
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… as ‘What kind of American are you?’… is a fine reminder that ‘Civil War’ was a pretty good movie, if not what most expected.
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*I’ve not watched this yet, but maybe it’ll interest some of you.
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Ms. Cambone with more bullish Gold chatter.
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Indeed, its a reality show, a freakshow… which I guess I’ll be watching Thursday evening, via a Youtube stream.
Goodnight from London