The Weekend Rip: Buckle Up

Alrighty folks, we’ve got a busy week for second-quarter earnings, 244 companies will report. Notables include Snap, Tesla, Microsoft, Chipotle, Twitter, and Verizon.

Buckle up, it’s gonna be a wild week.

A few weeks ago we cited the range (3230-2970) in the S&P 500. Now the S&P is pressing near the highs of that range. Will we climb higher? Or fall to our death? Place your bets…

Here’s the weekly chart. 

S&P 5003,224+1.25%
Russell 20001,473+3.56%
Dow Jones26,671+2.29%
Weekly percent changes 

Heat Maps

Last week was a strange one by 2020 standards. The winners lagged while the losers led. 

Here’s the weekly S&P 500 heatmap. You can see Microsoft, Netflix, and Amazon shine bright like Rudolph’s nose. 

And here’s the YTD S&P 500 heatmap. It’s nearly the inverse of the visual above. Flip-freakin-flop.

Work From Home Isn’t New

This idea of working from home in a digital world is not new. Here’s an Apple advertisement from 1987. 

How to succeed in business without leaving the house.

h/t vanlancker//TW

Sunday Links:

📈 Securitization & Markets

🌎 An Intern’s Guide to the Galaxy

🏜 Who Needs Mars When You’ve Got Canyonlands?

👽 Space Weed Could Keep Astronauts Healthy

📹 Virtual Tour of Pharaoh Ramses Vi’s Tomb

🔌 GM Will Have 12 Electric Vehicles Soon

⛳️ GOLFTOPIA Could Be a SIMGOLF Successor

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, July 20, 2020:

Economic Calendar:

7/22  June Existing Home Sales (10:00 AM ET)
7/24  June New Home Sales (10:00 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.