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.
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.
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, June 1, 2020:
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.
Here’s Earnings Whispers’ great visual.
Be sure to know when your stocks are reporting. Here’s the full earnings calendar.