Good afternoon folks and welcome to the Sunday Rip.
Check out this chart from the awesome Market Ear Blog:
If you missed the Stocktwits Top 25 this weekend, you can check it HERE.
This week we get a bunch of software earnings. Salesforce, Box, Intuit, Autodesk, and Splunk all step up.
Also, keep an eye out for Okta, which reports Thursday after the close. Since its IPO in April 2017, the stock is up 800%. Not too shabby…
The S&P 500 closed at a weekly all-time high. Freakadeak. Here’s the weekly chart:
And here’s a Nasdaq 100 weekly to boot. What a beast:
Weekly percent changes
Financial History: Sunday Reads
Short Interest as a % of Market Cap
The short interest as a percentage of cap of the S&P 500 is low and sinking, which makes sense given the huge rally. Still, the steady decline in short interest speaks to the developing sentiment imbalance developing.
Here’s the Concorde flying over NYC in 1986.
Read more about the Concorde from France-Amerique.
Bill Murray In All the Art Work
Here’s a bunch of iconic paintings reimagined with Bill Murray’s face replacing the original. Because why not…
Kobe Bryant’s birthday, Lakers remember his influence
🌷 How Cutting-Edge Engineering Borrows Nature’s Innovations
🐟 Trump set to halt Pebble Mine, sources say
The Most-Wishlisted Off-the-Grid Airbnbs in the U.S.
🌳 Preserving Trees Becomes Big Business, Driven by Emissions Rules
Belarus protesters flood into Minsk, briefly approach Lukashenko residence
🤙 Students are taking gap years to avoid online class, and startups are scooping them up
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, August 24th, 2020:
- 8/25 July New Home Sales (10 AM ET)
- 8/25 August Consumer Confidence (10 AM ET)
- 8/27 Initial Unemployment claims (8:30 AM ET)
Here’s the full Economic Calendar provided by Briefing.