Tale of the Tape
Good evening, folks. It’s Thanksgiving week, what are you thankful for?
In case you missed it, yesterday, Stocktwits held the First Annual Chips for Charity Poker Tournament. It was an amazing afternoon. Thank you to everyone who participated and made it happen! MC extraordinaire, Dr. Phil Pearlman shared this following the event:
When we help others we gain the world. Our hearts grow and we increase our capacity to love. This affects the people closest to us and the closeness we experience. ❤️
Earnings season is coming to an end but Wednesday could get wacky. We’ll get a look at the status of the economy and a handful of companies are scheduled to report earnings. See more on The Week Ahead below.
Last week, the S&P 500 and Nasdaq both posted an inside week. Where will stocks go next? Nobody knows. 🙂
Here’s the weekly S&P 500 chart and last week’s changes:
Small-Caps Continue To Cruise
The Russell 2000 led the major indices last week as the small-caps cruised to a new all time high.
Since its low close on March 18th, $RUT has rallied 80%.
Here’s the weekly chart:
It’s rare to see the small-caps so strong. The Russell 2000 ETF $IWM closed 33% above it’s 40-Week (200-Day) moving average which is the greatest difference ever recorded.
Here’s a histogram of the percentage difference between the 40-Week MA and $IWM’s weekly close. 2020 has been a wild one.
Can the small-cap strength continue? Place your bets…
Ski Season Is Here
It’s that time of year, ski season is finally here.
Resorts across the Rockies are opening up but it’s not business as usual. Reservations are required and masks are mandatory.
Burton shared a beautiful blog post on the status of the upcoming season.
The company said:
No matter how this season goes, it’s important that we all remember that snowboarding is all about fun. This simple thing that brings us all so much joy also unites us. It gives us common ground, and a reason to look out for each other. That’s a special thing to have these days.
For the junkies who just can’t get enough, Burton released its latest film, Burton One World.
The film features:
Catch the trailer here.
📰 Sunday Reads: Bubbles, Manias & Fraud
👩🎓 Student Loan Losses Seen Costing US More Than $400 Billion
🎙 How I Built This – Burton Snowboards: Jake Carpenter
🔬 Worm Study Shows CBD Science Has a Way to Go
The Week Ahead
And now a brief and well-organized look ahead at the trading week beginning Monday, November 23rd, 2020:
- 11/24 November Consumer Confidence (10:00 AM ET)
- 11/25 October New Home Sales (10:00 AM ET)
- 11/25 October Personal Income (10:00 AM ET)
- 11/25 October Personal Spending (10:00 AM ET)
- 11/25 October FOMC Minutes (2:00 PM ET)
Here’s the full Economic Calendar provided by Briefing.
Be sure to know when your stocks are reporting. Here’s the earnings calendar.