The Weekend Rip: May is Over, Now What?

Good evening everyone. 

The week ahead should be another wild one. Tensions around the world seem to climb daily and the market continues to move higher. We hope this means the market is looking forward to a brighter future.

The S&P 500 closed up 4.53% for the month of May to 3044. This is the highest monthly close since January. 

The large cap bellwether index is now only down 6.55% YTD. Incredible. 

Here’s the weekly chart.

S&P 5003,044+3.01%
Nasdaq9,489+1.77%
Russell 20001,394+2.84%
Dow Jones25,383+3.75%
Weekly percent changes 

Monthly Charts

Month end is always a great time to back up the lens and take a look at some of the big trends. Here’s a few of the most prominent monthly candlestick charts for your perusal.

Nvidia, $NVDA +21.47%

Airline ETF, $JETS -0.66% 

Apple, $AAPL +8.22% 

Tesla, $TSLA +6.79%

General Electric, $GE -3.38%

Natural Waste Solar Lamps?

Check this out, 6 students in Mexico created low-cost solar lamps from natural waste found in their local environment. How cool is that? Brilliant work, kids. 

Sunday Links

May Monthly Charts: What We Learned

Bubblicious?

News, Media, & Markets

How to watch and stream ESPN’s Lance Armstrong documentary

‘Oumuamua’ Might Be a Giant Interstellar Hydrogen Iceberg

What 11 Major Artists Have Created During Quarantine

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, June 1, 2020:

Economic Calendar:

6/01  April ISM Manufacturing Index (10:00 AM ET)
6/03  May ADP Employment Change (8:30 AM ET)
6/04  Initial Unemployment Claims  (8:30 AM ET)
6/05  May Unemployment Rate (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.

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