Good evening everyone and welcome back.
This week we’ll see earnings from a lot of the big retailers. Huge if you are involved or if you just want to better understand how the consumer might be coming back.
Walmart, Home Depot, Lowes, and Target are all scheduled to report. (See below for dates.)
Ben Carlson shared the following in a piece titled, The Flying V-Shaped Recoveries:
It took just 23 trading days for the S&P 500 to lose 34%.
It then went on to gain 52% in the following 97 trading sessions to make it all back.
Let’s call it what it is. It’s the Mighty Duck Market.
Here’s the weekly S&P 500 chart.
Tech and Health Care Dominate
Tech and Health Care as a percentage of S&P 500 Market Cap just surpassed 50%. This is the first time two sectors have made up more than half. Crazy Top Heavy.
DADA Design, an architecture firm from the Philippines is developing sustainable structures capable of adapting to changing ocean conditions.
Hats off to y’all. This is sick. 👏👏👏
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The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, August 17th, 2020:
- 8/18 July Housing Starts (8:30 AM ET)
- 8/21 July Existing Home Sales (10 AM ET)
Here’s the full Economic Calendar provided by Briefing.
Here’s Earnings Whispers’ great visual.
Be sure to know when your stocks are reporting. Here’s the full earnings calendar.