Worst Week Since March

Tale of the Tape

Good evening everyone. It’s the freakin’ weekend.

Stocks were mixed as the Nasdaq closed its worst week since March. See the weekly chart below.

Industrials and materials were the best-performing sectors, each gaining over 1%. Tech lagged.

Peloton hit the breaks and dropped 4%. The stock closed 14% off its intraday high. oof.

Nikola fell 15% as Trevor Milton tries to rebut fraudulent claims.

Here are the closing prints:

S&P 5003,340+0.05%
Russell 20001,497-0.70%
Dow Jones27,665+0.48%

Never Forget 🇺🇸

Today marks the 19th anniversary of the 9/11 terror attacks. 

We’d like to remember all those who lost their lives and the family and friends they left behind. 

We’ll never forget. God Bless America 🇺🇸 

Weekly Charts 

As mentioned above, the Nasdaq Composite had its worst week since mid March.

Check out the weekly chart. We’ve come a long way since then.

Also, here’s a weekly chart of the iShares Transportation Average ETF, $IYT: 

$IYT traded within its previous week’s range. Nice inside week. 

Inflation Nation

This morning we got an update on inflation in our nation. 

In August, the Consumer Price Index rose 0.37% vs 0.30% estimate while the cost of used cars and trucks increased at its highest rate in 51 years.

Here’s Eddy Elfenbein with more.

Wonder Woman Postponed

Warner Bros. announced that its feature film Wonder Woman 1984 will be delayed until Christmas.

Originally set to premiere October 2, the blockbuster was postponed due to the coronavirus. 

In the meantime, theatergoers flock to Christopher Nolan’s, Tenet

And while we’re talking movies, did y’all hear about Borat 2

Links That Don’t Suck

🌊 Kelly Slater — The Surfing Legend on Routine, Rickson Gracie, Favorite Books, and Overcoming Setbacks

🛥 Robot Boats Leave Autonomous Cars in Their Wake

🖼 I don’t just want to create popular Instagram spots

🍊 The Day the Sky Turned Orange

👨‍🚒 Wildfires Live Updates: 500,000 Under Evacuation Orders in Oregon

🇻🇪 Venezuela Is Tearing Apart Oil Pipelines to Sell as Scrap Metal

✌️ NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades