The Weekend Rip: USA 🇺🇸 vs China 🇨🇳

/ Stocktwits

Good afternoon everyone. The markets will be closed Monday for Memorial Day. 🇺🇸

Do yourself a favor and get away from the screens if you can. 

Here’s the weekly S&P 500 chart and last week’s performance.

S&P 5002,955+3.20%
Nasdaq9,324+3.44%
Russell 20001,355+7.84%
Dow Jones24,465+3.29%
Weekly percent changes 

USA 🇺🇸 vs China 🇨🇳

Tensions between the US and China continue to flare and us market nerds turn to the major indices for some sense of clarity.

Here’s the S&P 500 vs the Shanghai Shenzhen 300. 


This chart has been fascinating. To start the year the SPX out paced the CSI 300 but since late February domestic markets have underperformed. Will the US markets play catch up? Place your bets…

Here’s the latest US/China news from Bloomberg.

Bitcoin 10K 📈📉

Bitcoin has battled with the $10,000 level for the last 3 weeks. Is this setting up for a breakout or breakdown? Could go either way.

Here’s the weekly chart.

Go! 

In the last couple weeks, three important companies have pledged to permanently move towards a work from home organization. Twitter, Shopify, and Facebook have all made the leap and soon others will follow.

This is the beginning of a tectonic shift that will play out over several years and reshape multiple modes of human experience including culture, economics, technology, relationships, the environment, society, commerce, travel, organization, psychology, development, family, and more. 

This is pervasive, you get the drift.

If you are an investor and/or entrepreneur, consider this brief missive a call to action.

Now is the moment to focus on your areas of expertise and to articulate the implications of these profound changes. You have this minute right here right now to begin planning strategies that will allow you to capitalize big time.

Go!

Ultimate Tag from Fox

Have y’all seen Ultimate Tag yet? It’s freaking sick. It’s a cross between Ninja Warriors and flag football and not only is it a great watch but it looks fun as hell to.

The show was created by JJ and TJ Watt, which kinda makes it cooler, and airs on Wednesday nights on Fox.

Here’s the first full episode on Youtube and here’s more details via NFL dot com. 😉

Sunday Links:

The Nazi Premium, Corpse Markets, Silicon Valley Origins

Trends With Benefits: JC Parets talking technical analysis, current markets, gold and wine

Red Bull Founders Rebuild in China After Battle of Billionaires

The Joe Rogan Experience with American Farmer, Joel Salatin

Will Bars Exist in NYC After the Coronavirus?

The Filmmaker Who Cracked Open Lance Armstrong

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Tuesday, May 26, 2020:

Economic Calendar:

5/26 April New Home Sales (10:00 AM ET)
5/26 May Consumer Confidence Housing Starts (10:00 AM ET)
5/29 April Personal Income & Personal Spending (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing. 

Earnings Ahead:

Here’s Earnings Whispers’ great visual.

Be sure to know when your stocks are reporting. Here’s the full earnings calendar.