Good afternoon people of Earth. Earnings season is still in full swing. Last week we got numbers from Apple, Amazon, Google, and Facebook. This week many high flyers such as Chegg, Twilio, Etsy, Roku, Square, and Datadog are scheduled to report earnings. It should be another busy one, get some rest.
We saw a crazy rally into the close on Friday. In case y’all missed it, here’s the 5-min $SPY chart. Will this strength carry over to next week?
Here’s the weekly S&P 500 chart and last week’s changes.
Wall Street Bound at Nasdaq
Wall Street Bound founder and CEO Troy Prince joined Nasdaq’s Jill Malandrino and Sterling Trading Tech President Jim Nevotti on Nasdaq Trade Talks to discuss the importance of trading education in building a diverse financial workforce.
We flipped the calendar, so we thought we’d share a few monthly charts.
Here are the major indices.
Dow Jones Industrial Average
Here’s the US Dollar Index. $DXY had its worst month since April 2011.
And finally, here are a few crypto charts. Given that crypto markets never close, the most recent candle is the current month.
And how could we forget Ethereum. $ETH is up 198% YTD.
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🗺 Satellite survey shows California’s sinking coastal hot spots
📉 Retail Rents Plummet Across New York City, a Warning for Other Areas
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💰 Understanding the GDP During a Covid-19 Pandemic
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, August 3rd, 2020:
- 8/06 Initial Claims (8:30 AM ET)
- 8/07 Nonfarm Payrolls (8:30 AM ET)
- 8/07 Unemployment Rate (8:30 AM ET)
Here’s the full Economic Calendar provided by Briefing.