Market Week in Review

• S&P 500 2,172.91 +.38%*

 

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 2,172.91 +.38%

• DJIA 18,346.80 +.47%

• NASDAQ 5,323.61 +.32%

• Russell 2000 1,254.79 -.13%

• S&P 500 High Beta 32.96 +2.39%

• Goldman 50 Most Shorted 120.30 unch. 

• Wilshire 5000 22,525.30 +.35%

• Russell 1000 Growth 1,049.56 +.15%

• Russell 1000 Value 1,042.74 +.59%

• S&P 500 Consumer Staples 547.80 unch.

• Solactive US Cyclical 136.30 n/a

• Morgan Stanley Technology 1,206.05 +1.41%

• Transports 8,096.52 +2.04%

• Utilities 669.88 -3.83%

• Bloomberg European Bank/Financial Services 75.54 -.97%

• MSCI Emerging Markets 37.26 -1.21%

• HFRX Equity Hedge 1,147.34 +.64%

• HFRX Equity Market Neutral 1,000.51 -.18%

Sentiment/Internals

• NYSE Cumulative A/D Line 270,896 -.80%

• Bloomberg New Highs-Lows Index 124 -316

• Bloomberg Crude Oil % Bulls 32.26 unch.

• CFTC Oil Net Speculative Position 278,173 -10.99%

• CFTC Oil Total Open Interest 1,811,705 -.98%

• Total Put/Call .98 -7.69%

• OEX Put/Call 1.74 +167.0%

• ISE Sentiment 88.0 +2.3%

• NYSE Arms .74 -36.94%

• Volatility(VIX) 12.65 +3.58%

• S&P 500 Implied Correlation 42.41 -3.84%

• G7 Currency Volatility (VXY) 9.98 +1.73%

• Emerging Markets Currency Volatility (EM-VXY) 10.46 +.58%

• Smart Money Flow Index 19,219.47 -.81%

• ICI Money Mkt Mutual Fund Assets $2.680 Trillion +.39%

• ICI US Equity Weekly Net New Cash Flow -$2.128 Billion

• AAII % Bulls 24.0 -3.34%

• AAII % Bears 37.1 -3.1%

Futures Spot Prices

• CRB Index 186.32 +1.76%

• Crude Oil 48.10 +7.85%

• Reformulated Gasoline 148.74 +8.18%

• Natural Gas 2.92 -2.05%

• Heating Oil 152.79 +8.29%

• Gold 1,316.20 -1.59%

• Bloomberg Base Metals Index 155.71 +1.76%

• Copper 221.40 +.64%

• US No. 1 Heavy Melt Scrap Steel 192.67 USD/Ton unch.

• China Iron Ore Spot 55.86 USD/Ton -1.64%

• Lumber 336.90 +3.43%

• UBS-Bloomberg Agriculture 1,155.73 -.06%

Economy

• Atlanta Fed GDPNow Forecast +2.4% -50.0 basis points
• ECRI Weekly Leading Economic Index Growth Rate +8.8% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1745 +6.43%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 128.05 +.11%

• Citi US Economic Surprise Index -5.10 -.7 point

• Citi Eurozone Economic Surprise Index 2.6 +21.90 points

• Citi Emerging Markets Economic Surprise Index -11.0 +3.7 points

• Fed Fund Futures imply 80.7% chance of no change, 19.3% chance of 25 basis point hike on 11/02

• US Dollar Index 95.50 -.13%
• MSCI Emerging Markets Currency Index 1,551.46 +.07%

• Euro/Yen Carry Return Index 118.92 +.30%

• Yield Curve 83.0 -3.0 basis points

• 10-Year US Treasury Yield 1.60% -1.0 basis point

• Federal Reserve's Balance Sheet $4.411 Trillion -.48%

• U.S. Sovereign Debt Credit Default Swap 26.50 +2.98%

• Illinois Municipal Debt Credit Default Swap 360.0 -.03%

• Western Europe Sovereign Debt Credit Default Swap Index 24.83 +5.16%

• Asia Pacific Sovereign Debt Credit Default Swap Index 32.76 +5.76%
  

• Emerging Markets Sovereign Debt CDS Index 92.11 +7.29%
  

• Israel Sovereign Debt Credit Default Swap 71.50 +3.62%

• Iraq Sovereign Debt Credit Default Swap 745.2 -1.36%

• Russia Sovereign Debt Credit Default Swap 217.02 +2.67%

• iBoxx Offshore RMB China Corporate High Yield Index 132.20 +.16%

• 10-Year TIPS Spread 1.60% +2.0 basis points
  

• TED Spread 58.50 -11.0 basis points

• 2-Year Swap Spread 24.75 -1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -55.5 -22.5 basis points

• N. America Investment Grade Credit Default Swap Index 75.03 -2.34%

• America Energy Sector High-Yield Credit Default Swap Index 645.0 -4.77%

• European Financial Sector Credit Default Swap Index 101.0 +4.44%
  

• Emerging Markets Credit Default Swap Index 233.44 +.3%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 140.0 unch.
  

• M1 Money Supply $3.307 Trillion -.8%

• Commercial Paper Outstanding 946.50 +.4%

• 4-Week Moving Average of Jobless Claims 256,000 -2,500

• Continuing Claims Unemployment Rate 1.5% unch.

• Average 30-Year Mortgage Rate 3.42% -6.0 basis points

• Weekly Mortgage Applications 527.10 -.7%

• Bloomberg Consumer Comfort 41.60 +.3 point

• Weekly Retail Sales +.4% -10.0 basis points

• Nationwide Gas $2.22/gallon +.01/gallon

• Baltic Dry Index 888.0 -5.63%

• China (Export) Containerized Freight Index 741.81 +.78%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 unch.

• Rail Freight Carloads 271,085 +1.31%

Best Performing Style

• Large-Cap Value +.4%

Worst Performing Style

• Small-Cap Growth -.7%

Leading Sectors

• Oil Service +9.4%

• Energy +4.4%

• Semis +4.1%

• Road & Rail +3.0%

• Disk Drives +2.5%

Lagging Sectors

• Restaurants -1.1% 

• REITs -1.5%

• Drugs -2.4%

• Biotech -2.8%

• Utilities -3.6%

Weekly High-Volume Stock Gainers (13)

• TWTR, NLNK, IMPV, ACTA, CHMT, HY, MB, BATS, LYTS, CTRL, BCPC, YELP and VIA

Weekly High-Volume Stock Losers (17)

• RRD, CBOE, CALM, VSAR, DXCM, HOMB, RICE, FDS, MYOK, HMHC, BABY, LGND, FIZZ, HTZ, ACOR, TPX and ITCI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on Less European/Emerging Markets/US High-Yield Debt Angst, Oil Bounce, Short-Covering, Energy/Financial Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Around Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.79 -8.77%

• Euro/Yen Carry Return Index 118.90 +.40%

• Emerging Markets Currency Volatility(VXY) 10.46 +.58%

• S&P 500 Implied Correlation 42.78 -5.57%

• ISE Sentiment Index 82.0 +15.49%
  

• Total Put/Call .96 -6.8%

• NYSE Arms .68 -6.31% 

Credit Investor Angst:

• North American Investment Grade CDS Index 75.0 -4.11%
  

• America Energy Sector High-Yield CDS Index 644.0 -3.09%

• European Financial Sector CDS Index 101.0 -.98%

• Western Europe Sovereign Debt CDS Index 24.83 +1.55%

• Asia Pacific Sovereign Debt CDS Index 32.76 +.28%

• Emerging Market CDS Index 234.33 -3.08%
  

• iBoxx Offshore RMB China Corporate High Yield Index 132.20 -.01%

• 2-Year Swap Spread 24.75 -.25 basis point

• TED Spread 58.50 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -55.5 -6.0 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 73.02 +.25%
• 3-Month T-Bill Yield .27% +3.0 basis points

• Yield Curve 84.0 +2.0 basis points
  

• China Import Iron Ore Spot $55.86/Metric Tonne -1.45%

• Citi US Economic Surprise Index -5.10 -1.7 points

• Citi Eurozone Economic Surprise Index 2.60 -2.0 points

• Citi Emerging Markets Economic Surprise Index -11.0 -.4 point

• 10-Year TIPS Spread 1.60% +4.0 basis points
• 57.6% chance of Fed rate hike at Dec. 14 meeting, 60.3% chance at Feb. 1 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +174 open in Japan 
• China A50 Futures: Indicating +42 open in China

• DAX Futures: Indicating +11 open in Germany

Portfolio: 

• Slightly Higher: On gains in my biotech/tech/medical/retail sector longs

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 50% Net Long