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.”
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.
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. 🤣🤣🤣
📃 The State of the Market
📃 A rare look at fireflies that blink in unison, in a forest without tourists
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, June 15, 2020:
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.