Friday, January 20, 2017

Market Week in Review

  • S&P 500 2,267.38 -.15%*
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The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*


Indices
  • S&P 500 2,267.38 -.15%
  • DJIA 19,811.30 -.52%
  • NASDAQ 5,554.42 unch.
  • Russell 2000 1,351.33 -.71%
  • S&P 500 High Beta 37.19 -.56%
  • Goldman 50 Most Shorted 120.76 -.43%
  • Wilshire 5000 23,602.50 -.17%
  • Russell 1000 Growth 1,079.81 +.05%
  • Russell 1000 Value 1,105.94 -.31%
  • S&P 500 Consumer Staples 538.51 +1.67%
  • Vanda Cyclicals-Defensives 1.2940 -.12%
  • Morgan Stanley Technology 1,270.85 +.66%
  • Transports 9,195.39 +.46%
  • Utilities 657.51 -.03%
  • Bloomberg European Bank/Financial Services 94.0 -.73%
  • MSCI Emerging Markets 36.47 -.40%
  • HFRX Equity Hedge 1,165.01 -.30%
  • HFRX Equity Market Neutral 988.26 -.38%
Sentiment/Internals
  • NYSE Cumulative A/D Line 276,087 -.29%
  • Bloomberg New Highs-Lows Index 234 -52
  • Bloomberg Crude Oil % Bulls 38.2 -25.8%
  • CFTC Oil Net Speculative Position 433,562 -1.48%
  • CFTC Oil Total Open Interest 2,114,656 +1.21%
  • Total Put/Call 1.01 +10.99%
  • OEX Put/Call .74 +94.74%
  • ISE Sentiment 74.0 -24.47%
  • NYSE Arms .84 -22.32%
  • Volatility(VIX) 12.33 +6.67%
  • S&P 500 Implied Correlation 47.17 +.49%
  • G7 Currency Volatility (VXY) 10.42 -2.25%
  • Emerging Markets Currency Volatility (EM-VXY) 11.02 -1.78%
  • Smart Money Flow Index 19,255.29 -.45%
  • ICI Money Mkt Mutual Fund Assets $2.691 Trillion -.83%
  • ICI US Equity Weekly Net New Cash Flow -$.174 Billion
  • AAII % Bulls 37.0 -15.2%
  • AAII % Bears 32.7 +21.2%
Futures Spot Prices
  • CRB Index 194.02 -.49%
  • Crude Oil 52.42 -1.15%
  • Reformulated Gasoline 156.70 -3.23%
  • Natural Gas 3.20 -5.32%
  • Heating Oil 164.49 -1.92%
  • Gold 1,213.90 +1.57%
  • Bloomberg Base Metals Index 174.91 -.15%
  • Copper 261.95 -1.78%
  • US No. 1 Heavy Melt Scrap Steel 277.66 USD/Ton +11.8%
  • China Iron Ore Spot 80.41 USD/Ton -.16%
  • Lumber 325.90 -.09%
  • UBS-Bloomberg Agriculture 1,194.45 +1.40%
Economy
  • Atlanta Fed GDPNow Forecast +2.8% unch.
  • ECRI Weekly Leading Economic Index Growth Rate +12.0% -20.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index .2591 -2.11%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 132.28 +.81%
  • Citi US Economic Surprise Index 44.60 +6.6 points
  • Citi Eurozone Economic Surprise Index 63.5 -11.3 points
  • Citi Emerging Markets Economic Surprise Index 38.50 +.9 point
  • Fed Fund Futures imply 87.6% chance of no change 12.4% chance of 25 basis point hike on 2/1
  • US Dollar Index 101.04 -.21%
  • MSCI Emerging Markets Currency Index 1,523.11 -.02%
  • Euro/Yen Carry Return Index 127.96 +.69%
  • Yield Curve 128.0 +8.0 basis points
  • 10-Year US Treasury Yield 2.47% +7.0 basis points
  • Federal Reserve's Balance Sheet $4.422 Trillion +.18%
  • U.S. Sovereign Debt Credit Default Swap 28.24 +3.9%
  • Illinois Municipal Debt Credit Default Swap 405.0 +13.39%
  • Western Europe Sovereign Debt Credit Default Swap Index 20.54 +1.76%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 34.49 +2.79%
  • Emerging Markets Sovereign Debt CDS Index 78.72 -3.47%
  • Israel Sovereign Debt Credit Default Swap 70.08 -.60%
  • Iraq Sovereign Debt Credit Default Swap 703.42 unch.
  • Russia Sovereign Debt Credit Default Swap 185.64 +2.28%
  • iBoxx Offshore RMB China Corporate High Yield Index 133.07 +.17%
  • 10-Year TIPS Spread 2.04% +4.0 basis points
  • TED Spread 55.0 +4.0 basis points
  • 2-Year Swap Spread 32.5 +3.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.75 +.5 basis point
  • N. America Investment Grade Credit Default Swap Index 65.85 +.35%
  • America Energy Sector High-Yield Credit Default Swap Index 428.0 -.11%
  • European Financial Sector Credit Default Swap Index 85.73 -1.58%
  • Emerging Markets Credit Default Swap Index 238.64 +1.37%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 133.0 -.5 basis point
  • M1 Money Supply $3.373 Trillion 1.67%
  • Commercial Paper Outstanding 967.20 +.8%
  • 4-Week Moving Average of Jobless Claims 246,750 -9,750
  • Continuing Claims Unemployment Rate 1.5% unch.
  • Average 30-Year Mortgage Rate 4.09% -3.0 basis points
  • Weekly Mortgage Applications 382.20 +.79%
  • Bloomberg Consumer Comfort 45.2 +.1 point
  • Weekly Retail Sales +.6% -30.0 basis points
  • Nationwide Gas $2.33/gallon -.02/gallon
  • Baltic Dry Index 942.0 +3.52%
  • China (Export) Containerized Freight Index 864.90 +2.92%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 50.0 -4.76%
  • Rail Freight Carloads 263,006 +19.4%
Best Performing Style
  • Large-Cap Growth unch.
Worst Performing Style
  • Small-Cap Growth -.9%
Leading Sectors
  • Oil Tankers +4.2%
  • Tobacco +4.2%
  • Road & Rail +3.2%
  • Gold & Silver +2.4%
  • Semis +1.3%
Lagging Sectors
  • Homebuilders -1.2% 
  • Retail -1.7%
  • Drugs -1.7%
  • Biotech -2.1%
  • Banks -2.1%
Weekly High-Volume Stock Gainers (15)
  • SN, CWEI, ASMB, CLCD, CENX, DXCM, SNOW, CSX, UVV, ARRY, NBL, OB, MJN,. FAST and RAI
Weekly High-Volume Stock Losers (11)
  • GME, VSTO, MNK, PNFP, STRP, AEPI, ANET, PRGS, WRMT, GIMO and AXIM
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Slightly Higher into Afternoon on Earnings Optimism, Oil Gain, Technical Buying, Metals & Mining/Tech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Slightly Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.26 -4.27%
  • Euro/Yen Carry Return Index 127.89 -.02%
  • Emerging Markets Currency Volatility(VXY) 11.02 +.46%
  • S&P 500 Implied Correlation 47.02 -2.7%
  • ISE Sentiment Index 74.0 +10.29%
  • Total Put/Call 1.03 +10.8%
  • NYSE Arms .79 -1.59%
Credit Investor Angst:
  • North American Investment Grade CDS Index 66.0 +.06%
  • America Energy Sector High-Yield CDS Index 428.0 -1.45%
  • European Financial Sector CDS Index 85.66 -.71%
  • Western Europe Sovereign Debt CDS Index 20.55 -1.58%
  • Asia Pacific Sovereign Debt CDS Index 34.48 -.5%
  • Emerging Market CDS Index 238.75 -.02%
  • iBoxx Offshore RMB China Corporate High Yield Index 133.06 +.04%
  • 2-Year Swap Spread 32.50 +1.5 basis points
  • TED Spread 55.0 +2.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.5 +1.75 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 70.26 +.48%
  • 3-Month T-Bill Yield .49% -2.0 basis points
  • Yield Curve 128.0 +4.0 basis points
  • China Import Iron Ore Spot $80.41/Metric Tonne -.72%
  • Citi US Economic Surprise Index 44.60 -.6 point
  • Citi Eurozone Economic Surprise Index 63.50 -2.6 basis points
  • Citi Emerging Markets Economic Surprise Index 38.50 +.2 point
  • 10-Year TIPS Spread 2.04 -2.0 basis points
  • 31.3% chance of Fed rate hike at March 15 meeting, 48.0% chance at May 3 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -22 open in Japan 
  • China A50 Futures: Indicating +57 open in China
  • DAX Futures: Indicating -29 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my in my tech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long