Good evening everyone. Get ready for another wild week. Heavy hitters like Walmart, Target, Home Depot, Nvidia, and Alibaba are all expected to report earnings. See below for the full calendar.
We hope at least one company gives us a taste of guidance. 🤞
The S&P 500 has remained in a 200 point range 2950-2750ish since early April. The question is will we break-out or break-down? Place your bets…
And here’s the weekly chart. If you remember correctly 2950 in the SPX dates back to the Fall of 2018. 👀
1918 Retail Sales
Here are a few newspaper clippings from the 1918 pandemic highlighting poor retail sales.
Via Pandemics & Markets: Part II
Innovation At Its Best.
Check this out, the Immersive Van Gogh Art exhibition in Toronto has been reconfigured to be a drive-in. How freakin cool is that. The exhibit is already sold out, what a great idea. Read more about it here.
Young Bulls and Old Bears
Latest Thing to Vanish From Store Shelves: The Golf Pushcart
Hiking to the Bottom of the Grand Canyon Is the Trip of a Lifetime
Free Porsche Museum entry and virtual tours on Instagram – Ferdinand
An Inflection Point For Both Stocks And Bonds
10 Good Movies You Can Stream Right Now
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, May 18, 2020:
5/18 May NAHB Housing Market Index (10:00 AM EST)
5/19 April Housing Starts (8:30 AM EST)
5/21 April Existing Homes Sales (10:00 AM EST)
Here’s the full Economic Calendar provided by Briefing.
Here’s Earnings Whispers’ great visual.
Be sure to know when your stocks are reporting. Here’s the full earnings calendar.