The Weekend Rip: Real Love or a 1-Month Stand?

/ Stocktwits

Good evening, everyone. We hope you enjoyed the weekend. 

The S&P 500 closed negative 4 consecutive weeks. Will we make it 5? Place your bets… 

PepsiCo and Micron Technology will report earnings later this week. 

We’ll have a slew of economic data as the month comes to an end. See the calendar below.

Here’s the S&P 500 weekly chart. Last week the index bounced off 3200. This level has been an area of interest since January. Will we test it again? Time will tell.

S&P 5003,298-0.63%
Nasdaq10,913+1.11%
Russell 20001,474-4.03%
Dow Jones27,173-1.75%
Weekly Percent Changes

The Next Frontier?

Frontier markets have outperformed the S&P 500 so far this month.

Here’s month-to-date performance:

S&P 500 ETF $SPY -5.51%
Frontier 100 ETF $FM +1.41%

The year-to-date performance tells a slightly different story. $SPY > $FM:

S&P 500 ETF $SPY +3.60%
Frontier 100 ETF $FM -12.31%

Is this real love or a 1-month stand? Time will tell.

Today on Stocktwits, JC Parets shared a chart highlighting the outperformance. 

He writes:

A ton of Relative strength in Frontier Markets, which include classic defensive safe havens like Kuwait, Kenya, Nigeria, Bangladesh, and Kazakhstan. Evidence of risk appetite or risk aversion? You tell me….

Best Design in Transportation

Architectural Digest shared its Best Design in Transportation. The guide hits everything from jets to submarines. 

Here’s our favorite:

Beta Technologies Alia: The future of aviation is Vertical Take Off and Landing (VTOL). Essentially giant drones, these battery-powered, multi-rotor craft will be able to depart from and touch down nearly anywhere, ferrying cargo and passengers up to 250 miles. Beta had one of two VTOLs that made the cut for a recent Air Force–endorsed test program.

So cool.

See Architectural Digest here.

🍿 Panic With Friends

What is Open Source Software? Great question. 

Howard Lindzon talks with Chetan Puttagunta of Benchmark Capital, one of the top venture capital firms, to answer this question and more.

Hear how “software is eating the world”.

Listen here.

Sunday Links:

💹 Gambling, Lies & Markets

🙏 TikTok Makes Its Case for Last-Minute Reprieve From U.S. Download Ban

🛢 Devon Energy, WPX in Talks to Merge

🍿 The State of Gen Z…

At Least 16 dead in Clashes Between Armenia and Azerbaijan

🎫 CarParkNYC Drive-In Showing of “Risky Business”

🦚 All 45 Seasons of Saturday Night Live are Coming to Peacock

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, September 28th, 2020:

Economic Calendar:

  • 9/29  September Consumer Confidence (10:00 AM ET)
  • 10/1 August Personal Income (8:30 AM ET)
  • 10/1 August Personal Spending (8:30 AM ET)
  • 10/1 September ISM Manufacturing Index (10:00 AM ET)
  • 10/2 September Unemployment Rate (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing. 

Earnings Calendar:

Be sure to know when your stocks are reporting. Here’s the earnings calendar.