The Weekend Rip: 2nd Highest Weekly Close Ever

Good evening everyone and welcome to another glorious week in the stock market. 

Earnings season is still in full effect and this week we’ll see numbers from Mercado Libre, Novavax, Nio, and DraftKings.

Last week the market chugged higher. This is the second highest weekly close ever in the S&P 500. Really take a moment to let that soak in. Plus, we have a streak of 6 straight higher closes.

Here’s the weekly S&P 500 chart. 

Surely we’ll have a pullback at some point??? Right?

S&P 5003,351+2.45%
Russell 20001,569+6.00%
Dow Jones27,433+3.80%
Weekly percent changes 

So Now Twitter Wants Vine?

Over the weekend it came out that Twitter expressed interest in Tik Tok. This is absolutely ridiculous 🤣. Twitter had Vine and killed it. Why does the company wanna get back in the short-video game? Maybe they realise how big of a mistake deleting Vine was??

The big question here is how could Twitter possibly finance the deal? They sure as heck don’t have a cash pile the size of a nation like Apple.

“Expressed interest in Tik Tok” could be the phrase of the week. These are all rumors though. President Trump said that he will be banning the app on September 15th if a deal doesn’t get done. Who knows what is real until a check gets signed cleared. 😉 

Here’s Reuters with more.

The World’s Nuclear Reactors

Nuclear energy is growing like crazy in Asia. Currently, the largest growth in the nuclear power space is happening in Asia while the Western part of the world is decreasing its use. 

Given the disruption in the oil and gas industry due to COVID this year, is this an opportunity for innovation in the energy space?

Featured below is a great map from the Visual Capitalist laying out the world’s nuclear reactors. 

You Gotta Love Championships

The PGA Championship is the first golf major in over a year due to COVID and there are few events better if you love great competition, world class performance, and cool under pressure.

Sunday is the best and we’ve got a West Coast tourney so the top pair won’t even tee off until 5PM ET.

You got 12 guys within 3 strokes of the lead so this is setting up y’all. 

You can catch it on CBS. Here’s the leaderboard going into today’s action:

Sunday Links:

📈 Sunday Reads: Speculation & Innovation

🍎 How Tim Cook Made Apple His Own

🏯 Frank Lloyd Wright Virtual Classroom: Japanese Art Wood Block Print 3-Day Activity

🟡 Listen to Aminé’s New Album ‘Limbo

🏜 1984 Jeep Cherokee Reimagines the 4×4 for a New Age

🌅 Star Broker Turns to New Zealand as New York Luxury Market Wilts

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, August 10th, 2020:

Economic Calendar:

  • 8/11  July Producer Price Index (8:30 AM ET)
  • 8/12  July Consumer Price Index (8:30 AM ET)
  • 8/14  July Retail Sales (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.