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 500 | 3,041 | -4.78% |
Nasdaq | 9,588 | -2.30% |
Russell 2000 | 1,387 | -7.93% |
Dow Jones | 25,605 | -5.55% |
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.