The Weekend Rip: Make it or Break it?

Good afternoon everyone and welcome back to the saga of 2020.

Two very different versions of America presented this weekend. One from Disney + and one from Mt Rushmore. We’ll see where that one goes.

Meanwhile, the S&P 500 has maintained a 260 point range (3230-2970) for the last 5 weeks. Breakout or breakdown? We’ll see where that one goes too.

Place your bets…

Here’s the weekly chart. 

S&P 5003,130+4.02%
Russell 20001,431+3.85%
Dow Jones25,871+3.25%
Weekly percent changes 

No real notable earnings this week but earnings season kicks off next week with the banks so keep an eye out.

26 Years Ago Today

Jeff Bezos founds Amazon. He’s gonna sell books he says.

Here’s that iconic pic of early days Bezos with a desk made from a door.

More hair, less muscles.

And here’s the $AMZN yearly chart. Silly.

Unrewarded Effort

Here’s a great chart from the Economic Policy Institute showing the growth in productivity relative to hourly compensation since 1950. 

No wonder the pitchforks are coming out…

Burj Khalifa, Dubai

Yesterday the Burj Khalifa in Dubai was illuminated with the American Flag in celebration of the 4th of July. Breathtaking.

Sunday Links:

🇺🇸 An American History

🤯 Kanye West Says He’s Running for President, Twitter Explodes

🌙 Celebrate Dark Skies at These 27 National Parks

🛬 Boeing Quietly Pulls Plug on the 747, Closing Era of Jumbo Jets

🏞 The Hikers Who Lied and Broke Laws to Finish the AT This Year

🏜 This Palm Springs Desert Home “Dissolves Barriers” Between Indoors and Out

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, July 6, 2020:

Economic Calendar:

7/06  June ISM Non-Manufacturing Index (10:00 AM ET)
7/10  June Producer Price Index (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.

One thought on “The Weekend Rip: Make it or Break it?

  1. Pingback: The Weekend Rip: Buckle Up | The Daily Rip

Comments are closed.