Weekly Scoreboard*

S&P 500 2,759.71 -2.37%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,863.545 -2.55%

• NASDAQ 7,462.20 -2.18%

• Russell 2000 1,466.54 -2.37%

• S&P 500 High Beta 39.17 -2.64%

• Goldman 50 Most Shorted 142.57 -4.13%

• Wilshire 5000 28,337.34 -2.38%

• Russell 1000 Growth 1,490.69 -1.82%

• Russell 1000 Value 1,2175.96 -2.78%

• S&P 500 Consumer Staples 570.35 -3.99%

• MSCI Cyclicals-Defensives Spread 1,087.69 +1.29%
  

• NYSE Technology 1,776.25 -2.07%

• Transports 9,753.45 -4.02%

• Utilities 785.40 -2.94%

• Bloomberg European Bank/Financial Services 71.43 -2.80%

• MSCI Emerging Markets 40.67 +1.68%

• HFRX Equity Hedge 1,207.44 -.32%

• HFRX Equity Market Neutral 962.37 -.02%

Sentiment/Internals

• NYSE Cumulative A/D Line 350,030 -.30%

• Bloomberg New Highs-Lows Index -257 +160

• Bloomberg Crude Oil % Bulls 34.8 +7.51%

• CFTC Oil Net Speculative Position 478,398 -1.93%

• CFTC Oil Total Open Interest 2,085,029 -3.19%

• Total Put/Call 1.16 +20.8%

• OEX Put/Call .33 +65.0%

• ISE Sentiment 58.0 -17.39%

• NYSE Arms 1.08 -9.73%

• Volatility(VIX) 18.56 +9.75%

• S&P 500 Implied Correlation 44.66 +10.88%

• G7 Currency Volatility (VXY) 6.19 -1.43%

• Emerging Markets Currency Volatility (EM-VXY) 8.58 +.82%

• Smart Money Flow Index 14,877.37 -2.31%

• ICI Money Mkt Mutual Fund Assets $3.148 Trillion +.57%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.221 Billion

• AAII % Bulls 24.8 +.3%

• AAII % Bears 40.1 +11.1%

Futures Spot Prices

• CRB Index 175.36 -.72%

• Crude Oil 53.47 -8.01%

• Reformulated Gasoline 180.20 -6.58%

• Natural Gas 2.46 -4.73%

• Heating Oil 184.18 -6.58%

• Gold 1,304.50 +1.68%

• Bloomberg Base Metals Index 172.03 -1.55%

• Copper 263.45 -1.79%

• US No. 1 Heavy Melt Scrap Steel 299.0 USD/Metric Tonne -.33%

• China Iron Ore Spot 97.62 USD/Metric Tonne -7.84%

• Lumber 301.50 -5.84%

• UBS-Bloomberg Agriculture 908.47 +5.77%

Economy

• Atlanta Fed GDPNow Forecast +1.17% -9.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -.3% -30.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1985 +6.06%

• US Economic Policy Uncertainty Index 256.32 +89.0%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 174.84 +.15%

• Citi US Economic Surprise Index -32.30 +7.8 points

• Citi Eurozone Economic Surprise Index -20.30 +1.4 points

• Citi Emerging Markets Economic Surprise Index -26.50 +1.2 points

• Fed Fund Futures imply 81.1% chance of no change, 18.9% chance of 25 basis point cut on 6/19

• US Dollar Index 97.86 +.24%

• MSCI Emerging Markets Currency Index 1,615.57 -.04%

• Bitcoin/USD 8,430.60 +4.13%

• Euro/Yen Carry Return Index 125.86 -1.06%

• Yield Curve 19.5 +4.0 basis points
  

• 10-Year US Treasury Yield 2.15% -17.0 basis points

• Federal Reserve's Balance Sheet $3.812 Trillion -.25%

• U.S. Sovereign Debt Credit Default Swap 14.70 -.43%

• Illinois Municipal Debt Credit Default Swap 130.11 -.01%

• Italian/German 10Y Yld Spread 287.25 +20.25 basis points

• China Sovereign Debt Credit Default Swap 58.17 +10.7%
  

• Emerging Markets Sovereign Debt CDS Index 76.50 -4.35%
  

• Israel Sovereign Debt Credit Default Swap 68.93 -1.51%

• South Korea Sovereign Debt Credit Default Swap 37.16 +3.01%

• Russia Sovereign Debt Credit Default Swap 130.71 +2.67%

• iBoxx Offshore RMB China Corporate High Yield Index 163.23 +.13%

• 10-Year TIPS Spread 1.75% -2.0 basis points

• TED Spread 16.75 -1.5 basis points

• 2-Year Swap Spread 5.0 +1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -15.5 +2.75 basis points

• N. America Investment Grade Credit Default Swap Index 69.48 +6.36%
  

• America Energy Sector High-Yield Credit Default Swap Index 600.0 +6.42%

• European Financial Sector Credit Default Swap Index 91.05 +4.27%
  

• Emerging Markets Credit Default Swap Index 211.20 +2.01%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.773 Trillion +.38%

• Commercial Paper Outstanding 1,084.50 +.20%

• 4-Week Moving Average of Jobless Claims 216,750 -3,500

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.99% -7.0 basis points

• Weekly Mortgage Applications 411.50 -3.31%

• Bloomberg Consumer Comfort 60.8 +.5 point

• Weekly Retail Sales +5.40% +10.0 basis points

• Nationwide Gas $2.83/gallon -.02/gallon

• Baltic Dry Index 1097.0 +2.72%

• China (Export) Containerized Freight Index 798.30 -.55%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.

• Rail Freight Carloads 268,013 -.50%

Best Performing Style

• Mid-Cap Growth -1.0%

Worst Performing Style

• Small-Cap Value -2.7%

Leading Sectors

• Gold & Silver +6.0%

• Steel +2.3%

• Education +.8%

• Video Gaming +.8%

• Telecom unch.

Lagging Sectors

• Retail -4.3% 

• Foods -4.7%

• Coal -4.9%

• Paper -5.1%

• Oil Service -6.4%

Weekly High-Volume Stock Gainers (3)

• PLAN, MDCO and STAR

Weekly High-Volume Stock Losers (44)

• DXC, VZ, CADE, GIII, IVZ, ALGN, MAC, BOX, GES, BX, USFD, VLO, T, LII, MMSI, JWN, BID, FBHS, ROK, GM, ALXN, TPIC, THO, AVNS, MAT, CAMP, KSU, YEXT, PLT, STZ, PII, SCWX, VWM, MOV, AYI, ZS, SYY, GPS, DELL, BOOT, CONN, NTNX, RRGB and ZUO

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Falling into Final Hour on Mexico Tariff Concerns, China Trade Deal Fears, Oil Plunge, Homebuilding/Energy Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Falling
  

• Volume: Around Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 18.5 +6.7%

• Euro/Yen Carry Return Index 125.84 -.72%

• Emerging Markets Currency Volatility(VXY) 8.58 +2.88%

• S&P 500 Implied Correlation 44.50 +5.0%

• ISE Sentiment Index 52.0 -47.5%
  

• Total Put/Call 1.31 +20.2%

• NYSE Arms 1.01 -18.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 69.61 +4.03%
  

• America Energy Sector High-Yield CDS Index 600.0 +1.85%

• European Financial Sector CDS Index 91.67 +2.29%

• Italian/German 10Y Yld Spread 287.25 +4.25 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 78.83 +2.62%
  

• Emerging Market CDS Index 211.36 +1.14%
  

• iBoxx Offshore RMB China Corporate High Yield Index 163.23 +.03%

• 2-Year Swap Spread 5.0 unch.

• TED Spread 16.75 -1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -15.5 +1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.95 +.27%
• 3-Month T-Bill Yield 2.34% -2.0 basis points

• Yield Curve 19.5 +4.25 basis points

• China Iron Ore Spot 97.62 USD/Metric Tonne -.74%

• Citi US Economic Surprise Index -32.3 +1.6 points

• Citi Eurozone Economic Surprise Index -20.30 +.6 point

• Citi Emerging Markets Economic Surprise Index -26.50 -2.2 points

• 10-Year TIPS Spread 1.75 unch.
• 51.2% chance of Fed rate cut at July 31st meeting, 73.6% chance of cut at Sept. 18th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -146 open in Japan 
• China A50 Futures: Indicating -160 open in China

• DAX Futures: Indicating -22 open in Germany

Portfolio:

• Slightly Higher: On gains in my index hedges

• Disclosed Trades: None

• Market Exposure: 25% Net Long