The Weekend Rip: Stocks Will Fluctuate

Good evening everyone. 

Earnings will be light this week. Tuesday might be a day to keep an eye on as Oracle and Gan report after the close.

The VIX is above 30, and like the late great JP Morgan said, “Stocks will fluctuate.”

S&P 5003,041-4.78%
Russell 20001,387-7.93%
Dow Jones25,605-5.55%
Weekly percent changes 

Social Media Stocks 📈

Social Media stocks have outperformed the S&P 500 in 2020.
Even Twitter is up YTD.

Here’s a great chart shared by Adaptiv highlighting the recent outperformance of social media stocks. Check out that massive 2+ year base in $SOCL. Nice.

PS5 Memes

Following the release of the Playstation 5, the internet did what it does best. It thoroughly mocked the design of Sony’s new Playstation 5. 

God bless the internet. 🤣🤣🤣

Sunday Links:

📃 The State of the Market

📃 A rare look at fireflies that blink in unison, in a forest without tourists

📃 Trader W Strikes Again!

📺 Tesla Factory Tour with Elon Musk

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, June 15, 2020:

Economic Calendar:

6/16  May Retail Sales (8:30 AM ET)
6/17  May Housing Starts (8:30 AM ET)
6/17  May Building Permits (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.