The Weekend Rip: Freakin’ All Time Highs, Man

Tale of the Tape

Good evening, folks. Get ready for another wild week on Wall St.

Last week, the S&P 500, Dow Jones Industrial Average, and Russell 2000 all closed at all time weekly highs. Can we continue higher or will we need a breather? Place your bets… 

It’ll be a big one for big box retail. We’ll see earnings from Walmart and Home Depot on Tuesday, Target and Lowe’s on Wednesday, and Macy’s on Thursday. See the calendar below. 

We’re awaiting vaccine trial results from Moderna. The Company said data was coming soon. The market rallied following Pfizer’s results, will it make a big move on Moderna’s numbers? Time will tell.

Here’s the weekly S&P 500 chart:

S&P 5003,585+2.16%
Russell 20001,744+6.08%
Dow Jones29,479+4.08%
Weekly Percent Changes

All Time Highs

Markets broke records last week.

The iShares MSCI ACWI ETF tracks the largest companies in developed and emerging markets. $ACWI gapped up on Monday and retested former highs. Can it go higher? Time will tell.

Here’s the weekly chart:

As mentioned above, 3 of the 4 major US indices closed at new weekly all time highs. The Nasdaq was the odd man out. 

From a US sector standpoint, 6 of the 11 sectors settled at record weekly levels.

Here’s the list:

basic materials
consumer discretionary
communication services
consumer staples

The Ticker Tape

153 years ago today, Edward Calahan displayed the first stock ticker to the world.

The invention changed history. Investors now had the ability to get up to the minute prices around the country. Edward opened the floodgates of innovation and Thomas Edison quickly improved the design.

Here’s Rutgers University with more.

h/t Allan Schoenberg

Sunday Links:

🤓 Sunday Reads ~ Silver Linings

🏆 Lewis Hamilton Ties Michael Schumacher with 7 F1 World Championships

📈 Crushing ‘21

🚀 Coverage of the Launch of NASA’s SpaceX Crew-1 Mission on the “Resilience” Crew Dragon to the International Space Station

🏞 State park visitors asked to ‘Leave No Trace

💹 CWS Market Review – November 13, 2020 

The Week Ahead

And now a brief and well-organized look ahead at the trading week beginning Monday, November 16th, 2020:

Economic Calendar:

  • 11/17  October Retail Sales (8:30 AM ET)
  • 11/18  October Building Permits (8:30 AM ET)
  • 11/18  October Housing Starts (8:30 AM ET)
  • 11/19  October Existing Home Sales (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