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:
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.
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
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The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, November 16th, 2020:
- 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.
Be sure to know when your stocks are reporting. Here’s the earnings calendar.