Friday, July 29, 2016

Market Week in Review

  • S&P 500 2,173.42 -.12%*
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The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices
  • S&P 500 2,173.42 -.12%
  • DJIA 18,420.15 -.74%
  • NASDAQ 5,160.16 +1.23%
  • Russell 2000 1,219.65 +.55%
  • S&P 500 High Beta 31.10 +.19%
  • Goldman 50 Most Shorted 114.58 +3.60
  • Wilshire 5000 22,460.0 +.08%
  • Russell 1000 Growth 1,051.45 +.32%
  • Russell 1000 Value 1,038.74 -.40%
  • S&P 500 Consumer Staples 559.88 -1.48%
  • Solactive US Cyclical 140.50 +1.13%
  • Morgan Stanley Technology 1,143.32 +.93%
  • Transports 7,586.03 -1.34%
  • Utilities 711.77 -1.17%
  • Bloomberg European Bank/Financial Services 71.75 -.2%
  • MSCI Emerging Markets 35.92 +.57%
  • HFRX Equity Hedge 1,129.83 +.12%
  • HFRX Equity Market Neutral 997.85 +.45%
Sentiment/Internals
  • NYSE Cumulative A/D Line 266,062 +.28%
  • Bloomberg New Highs-Lows Index 274 +117
  • Bloomberg Crude Oil % Bulls 20.0 -22.51%
  • CFTC Oil Net Speculative Position 289,581 -1.77%
  • CFTC Oil Total Open Interest 1,685,116 -2.52%
  • Total Put/Call 1.31 +50.62%
  • OEX Put/Call 4.38 +87.35%
  • ISE Sentiment 58.0 -3.09%
  • NYSE Arms 1.03 +18.08%
  • Volatility(VIX) 12.16 +2.66%
  • S&P 500 Implied Correlation 47.88 -2.73%
  • G7 Currency Volatility (VXY) 9.53 -10.9%
  • Emerging Markets Currency Volatility (EM-VXY) 9.43 -5.03%
  • Smart Money Flow Index 19,568.12 -.12%
  • ICI Money Mkt Mutual Fund Assets $2.715 Trillion unch.
  • ICI US Equity Weekly Net New Cash Flow -$10.349 Billion
  • AAII % Bulls 31.3 -11.8%
  • AAII % Bears 28.4 +6.3%
Futures Spot Prices
  • CRB Index 180.69 -1.28%
  • Crude Oil 41.49 -6.48%
  • Reformulated Gasoline 131.52 -3.84%
  • Natural Gas 2.88 +4.03%
  • Heating Oil 128.05 -6.11%
  • Gold 1,349.0 +1.77%
  • Bloomberg Base Metals Index 151.1 -.98%
  • Copper 222.40 -.60%
  • US No. 1 Heavy Melt Scrap Steel 206.0 USD/Ton unch.
  • China Iron Ore Spot 59.37 USD/Ton +6.26%
  • Lumber 319.70 -3.0%
  • UBS-Bloomberg Agriculture 1,142.81 -.41%
Economy
  • Atlanta Fed GDPNow Forecast +1.8% -60.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate +8.0% +50.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index .1542 -9.4%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 126.54 +.53%
  • Citi US Economic Surprise Index 16.30 -20.4 points
  • Citi Eurozone Economic Surprise Index 28.3 +20.3 points
  • Citi Emerging Markets Economic Surprise Index -6.40 +4.6 points
  • Fed Fund Futures imply 80.0% chance of no change, 20.0% chance of 25 basis point hike on 9/21
  • US Dollar Index 95.69 -1.72%
  • MSCI Emerging Markets Currency Index 1,525.54 +.16%
  • Euro/Yen Carry Return Index 119.08 -1.92%
  • Yield Curve 80.0 -6.0 basis points
  • 10-Year US Treasury Yield 1.47% -9.0 basis points
  • Federal Reserve's Balance Sheet $4.425 Trillion -.38%
  • U.S. Sovereign Debt Credit Default Swap 18.44 +1.18%
  • Illinois Municipal Debt Credit Default Swap 356.0 +.04%
  • Western Europe Sovereign Debt Credit Default Swap Index 25.30 -2.5%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 47.30 -.39%
  • Emerging Markets Sovereign Debt CDS Index 123.40 -4.46%
  • Israel Sovereign Debt Credit Default Swap 75.50 +.74%
  • Iraq Sovereign Debt Credit Default Swap 882.83 +6.22%
  • Russia Sovereign Debt Credit Default Swap 238.99 +4.5%
  • iBoxx Offshore RMB China Corporate High Yield Index 131.33 +.23%
  • 10-Year TIPS Spread 1.52% +1.0 basis point
  • TED Spread 52.0 +11.5 basis points
  • 2-Year Swap Spread 21.75 -4.0 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -46.75 +3.0 basis points
  • N. America Investment Grade Credit Default Swap Index 74.08 +3.63%
  • America Energy Sector High-Yield Credit Default Swap Index 795.0 +9.0%
  • European Financial Sector Credit Default Swap Index 92.29 +1.25%
  • Emerging Markets Credit Default Swap Index 261.99 +4.03%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 147.50 unch.
  • M1 Money Supply $3.238 Trillion -1.02%
  • Commercial Paper Outstanding 1,026.30 +.1%
  • 4-Week Moving Average of Jobless Claims 256,500 -1,250
  • Continuing Claims Unemployment Rate 1.6% +10.0 basis points
  • Average 30-Year Mortgage Rate 3.48% +3.0 basis points
  • Weekly Mortgage Applications 545.80 -11.15%
  • Bloomberg Consumer Comfort 42.9 unch.
  • Weekly Retail Sales +.6% unch.
  • Nationwide Gas $2.14/gallon -.04/gallon
  • Baltic Dry Index 665.0 -7.38%
  • China (Export) Containerized Freight Index 704.65 +1.06%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 unch.
  • Rail Freight Carloads 266,322 +3.22%
Best Performing Style
  • Small-Cap Growth +.7%
Worst Performing Style
  • Large-Cap Value -.5%
Leading Sectors
  • Gold & Silver +6.2%
  • Gaming +5.2%
  • Steel +4.7%
  • Hospitals +3.7%
  • Semis +3.1%
Lagging Sectors
  • Oil Service -2.4% 
  • Homebuilders -2.7%
  • Restaurants -3.4%
  • HMOs -5.7%
  • Oil Tankers -8.8%
Weekly High-Volume Stock Gainers (26)
  • EXAS, PBYI, LOGM, N, HWAY, LLTC, CRUS, BWLD, GRUB, TPX, CRY, EVER, IPAR, ENTG, HSII, RAVN, OUTR, EPIQ, MHO, TNC, SRAQ, SAM, TXN, MXIM, ADI and PNRA
Weekly High-Volume Stock Losers (28)
  • SERV, NANO, ATHN, FRGI, UA, CLW, WFM, MD, CRI, CHUY, ABAX, PRLB, OPB, BJRI, TIS, SEIC, SANM, AIRM, AKAM, THRM, KEX, GMED, CNMD, OLN, GIII, TGI, SKX and GNC
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Reversing Slightly Higher into Final Hour on Central Bank Hopes, Oil Reversal Higher, Short-Covering, Energy/REIT Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Slightly Lower
  • Sector Performance: Mixed
  • Volume: Slightly Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 12.18 -4.25%
  • Euro/Yen Carry Return Index 119.01 -2.38%
  • Emerging Markets Currency Volatility(VXY) 9.43 -2.78%
  • S&P 500 Implied Correlation 47.83 -3.2%
  • ISE Sentiment Index 62.0 -34.04%
  • Total Put/Call 1.31 +45.56%
  • NYSE Arms 1.07 +.06
Credit Investor Angst:
  • North American Investment Grade CDS Index 73.24 -1.44%
  • America Energy Sector High-Yield CDS Index 796.0 +1.72%
  • European Financial Sector CDS Index 92.48 -3.1%
  • Western Europe Sovereign Debt CDS Index 25.30 -1.63%
  • Asia Pacific Sovereign Debt CDS Index 47.30 -2.76%
  • Emerging Market CDS Index 261.66 -1.11%
  • iBoxx Offshore RMB China Corporate High Yield Index 131.33 +.10%
  • 2-Year Swap Spread 21.75 +.5 basis point
  • TED Spread 51.75 +6.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -46.75 +5.75 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 72.49 +.78%
  • 3-Month T-Bill Yield .25% +2.0 basis points
  • Yield Curve 80.0 +1.0 basis point
  • China Import Iron Ore Spot $59.37/Metric Tonne -2.19%
  • Citi US Economic Surprise Index 16.30 -20.2 points
  • Citi Eurozone Economic Surprise Index 28.3 +2.8 points
  • Citi Emerging Markets Economic Surprise Index -6.40 +1.3 points
  • 10-Year TIPS Spread 1.52% unch.
  • 19.8% chance of Fed rate hike at Nov. 2 meeting, 35.7% chance at Dec. 14 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -209 open in Japan 
  • China A50 Futures: Indicating +25 open in China
  • DAX Futures: Indicating -5 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech/medical/retail sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my (EEM) short
  • Market Exposure: Moved to 75% Net Long