It was another day of considerable chop in equity land, the SPX settling +0.4% to 5469.
sp’weekly1b
Summary
SPX: every cooling wave remains brief and minor. Even a test of the weekly 10MA (5304) looks out of range until July 12th… when Q2 earnings will begin.
I’d not expect anything to come of the Trump/Biden debate. Even the French and UK elections will likely do little to upset the US market.
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Looking ahead
Wednesday will see New home sales, EIA Pet’.
Earnings: $PAYX $GIS $UNF $MU $BB $LEVI $CNXC $AVAV $FUL $JEF $MLKN $CULP $FC
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Final note
*I’ve not watched this yet, but I’d imagine a few you might find it interesting.
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Heying and Weinstein, as an mRNA Avian flu shot is an eventuality.
Pfizer, Moderna, and a few others will no doubt market another shot forcibly this Fall, and across the winter.
Many… probably 25/30% of the populace will take it without even thinking about it. Another 20/25% would likely take it if pressured… by lockdowns.
The core resistance… aka… the non-sheep, total between 1-15%, depending upon the nation. They won’t be taking it… even if a Govt’ goon puts a gun to their head.
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Another day on planet Krazy
The craziest story today? Ohh, that’d be seeing the European candy maker – Nestle, announce its running a website for people to monitor their diet, and weight loss drugs.
Unbelievable.
Goodnight from London