Friday, September 02, 2022

Weekly Scoreboard*


S&P 500 Index 3,937.90 -3.1%






















Weekly Market Wrap by Edward Jones.

Indices

  • DJIA 31,468.61 -2.5%
  • NASDAQ 11,673.35 -3.9%
  • Russell 2000 1,814.85 -4.6%
  • S&P 500 High Beta 63.74 -4.0%
  • Goldman 50 Most Shorted 191.17 -5.2%
  • Wilshire 5000 39,628.1 -3.1%
  • Russell 1000 Growth 2,324.50 -3.8%
  • Russell 1000 Value 1,466.31 -2.6%
  • S&P 500 Consumer Staples 757.43 -2.0%
  • MSCI Cyclicals-Defensives Spread 1,119.44 -1.4%
  • NYSE Technology 2,783.06 -4.5%
  • Transports 13,776.65 -4.2%
  • Utilities 1,018.45 -.8%
  • Bloomberg European Bank/Financial Services 68.6 +1.2%
  • MSCI Emerging Markets 39.0 -2.8%
  • HFRX Equity Hedge 1,452.26 -.53%
  • HFRX Equity Market Neutral 906.03 -.13%
Sentiment/Internals
  • NYSE Cumulative A/D Line 454,768 -2.34%
  • Bloomberg New Highs-Lows Index -1,131 -1,027
  • Crude Oil Commercial Bullish % Net Position -31.06 -14.0%
  • CFTC Oil Net Speculative Position 246,220 +14.6%
  • CFTC Oil Total Open Interest 1,503,506 -3.5%
  • Total Put/Call 1.03 -2.8%
  • OEX Put/Call 1.75 -6.6%
  • ISE Sentiment 94.0 -24.0 points
  • NYSE Arms 1.21 -46.4
  • Bloomberg Global Risk-On/Risk-Off Index 41.3 -1.7%
  • Bloomberg Financial Conditions Index + Bubbles 2.59 -20.0 basis points
  • Volatility(VIX) 24.9 -8.7%
  • DJIA Intraday % Swing .99% -69.5%
  • CBOE S&P 500 Implied Correlation Index 46.0 -2.0%
  • G7 Currency Volatility (VXY) 11.2 +7.8%
  • Emerging Markets Currency Volatility (EM-VXY) 11.6 -.2%
  • Smart Money Flow Index 15,278.75 -3.7%
  • NAAIM Exposure Index  32.36 -22.5
  • ICI Money Mkt Mutual Fund Assets $4.568 Trillion -.05%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$.647 Million
  • AAII % Bulls 21.9 -20.9%
  • AAII % Bears 50.4 +18.9%
Futures Spot Prices
  • CRB Index 284.62 -4.8%
  • Crude Oil 87.8 -4.9%
  • Reformulated Gasoline 247.32 -6.9%
  • Natural Gas 8.92 -6.2%
  • Dutch TTF Nat Gas(European benchmark) 214.66 euros/megawatt-hour -29.9%
  • Heating Oil 363.0 -10.8% 
  • Newcastle Coal 428.0 (1,000/metric ton) +1.33%
  • Gold 1,713.95 -1.4%
  • Silver 18.12 -3.9%
  • S&P GSCI Industrial Metals Index 412.37 -7.2%
  • Copper 342.30 -6.7%
  • US No. 1 Heavy Melt Scrap Steel 380.0 USD/Metric Tonne -2.8%
  • China Iron Ore Spot 95.60 USD/Metric Tonne -6.3%
  • Lumber  470.5 -10.2%
  • UBS-Bloomberg Agriculture 1,510.57 +.09%
  • US Gulf NOLA Potash Spot 645.0 USD/Short Ton -5.2%
Economy
  • Atlanta Fed GDPNow Forecast +2.6% +1.0 percentage point
  • ECRI Weekly Leading Economic Index Growth Rate -11.7% +.4 percentage point
  • Bloomberg US Recession Probability Next 12 Months 50.0% unch.
  • NY Fed Real-Time Weekly Economic Index 2.5 -17.0%
  • US Economic Policy Uncertainty Index 38.7 -38.3%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 237.17 +.50:  Growth Rate +16.0% +.3 percentage point, P/E 16.9 -.5 point
  • Citi US Economic Surprise Index -26.6 -2.3 points
  • Citi Eurozone Economic Surprise Index -17.3 +15.4 points
  • Citi Emerging Markets Economic Surprise Index 12.1 -10.3 points
  • Fed Fund Futures imply 0.0%(unch.) chance of +25.0 basis point rate hike, 42.0%(-3.5 percentage points) chance of +50.0 basis point hike, 58.0%(+3.5 percentage points) chance of +75.0 basis point hike on 9/21
  • US Dollar Index 109.22 +.2%
  • MSCI Emerging Markets Currency Index 1,636.25 -.74%
  • Bitcoin/USD 20,249.70 +1.41%
  • Euro/Yen Carry Return Index 144.17 +2.2%
  • Yield Curve(2s/10s) -19.0 +19.75 basis points
  • 10-Year US Treasury Yield 3.22% +19.0 basis points
  • Federal Reserve's Balance Sheet $8.790 Trillion -.3%
  • U.S. Sovereign Debt Credit Default Swap 19.69 -1.7%
  • Illinois Municipal Debt Credit Default Swap 200.61 -.03%
  • Italian/German 10Y Yld Spread 233.0 +11.0 basis points
  • China Sovereign Debt Credit Default Swap 73.42 +7.1%
  • Brazil Sovereign Debt Credit Default Swap 248.96 -4.0%
  • Israel Sovereign Debt Credit Default Swap 40.47 -.11%
  • South Korea Sovereign Debt Credit Default Swap 32.72 -3.9%
  • China Corp. High-Yield Bond USD ETF(KHYB) 26.59 -1.41%
  • Cleveland Fed Inflation Nowcast Core PCE YoY +4.62% unch.: CPI YoY +8.24% -4.0 basis points
  • 10-Year TIPS Spread 2.45% -13.0 basis points
  • TED Spread 25.75 +1.75 basis points
  • 2-Year Swap Spread 36.5 +3.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -16.0 -1.25 basis points
  • N. America Investment Grade Credit Default Swap Index 90.0 +3.8%
  • America Energy Sector High-Yield Credit Default Swap Index 367.0 +6.7
  • Bloomberg TRACE # Distressed Bonds Traded 391.0 +40.0
  • European Financial Sector Credit Default Swap Index 126.35 +5.9%
  • Emerging Markets Credit Default Swap Index 316.28 +2.1%
  • MBS 5/10 Treasury Spread 142.0 +7.0 basis points
  • iShares CMBS ETF 47.43 -1.05%
  • Avg. Auto ABS OAS .73 -10.0 basis points
  • M2 Money Supply YoY % Change 5.3 unch.
  • Commercial Paper Outstanding 1,198.5 +.2%
  • 4-Week Moving Average of Jobless Claims 241,500 -1.63%
  • Continuing Claims Unemployment Rate 1.0% unch.
  • Kastle Back-to-Work Barometer(entries in secured buildings) 43.0 -1.1% 
  • Average 30-Year Fixed Home Mortgage Rate 6.08% +20.0 basis points
  • Weekly Mortgage Applications 260,100 -3.7%
  • Weekly Retail Sales +12.7% +.5 percentage point
  • OpenTable US Seated Diners % Change from 2019 +16.9% +8.9 percentage points
  • Box Office Weekly Gross $88.3M n/a
  • Nationwide Gas $3.81/gallon -.06/gallon
  • Baltic Dry Index 1,002 -10.8%
  • China (Export) Containerized Freight Index 2,830.11 -2.54%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 42.5 -5.6%
  • Truckstop.com Market Demand Index 55.54 +2.4%
  • Rail Freight Carloads 268,941 +1.82%
  • TSA Total Traveler Throughput 2,312,486 +24.2%
  • US Covid-19:  182 infections/100K people(last 7 days total). 10.5%(-.4 percentage point) of peak on 1/14/22(1,740) -7/100K people from prior report
  • US Covid-19:  New patient hospital admissions per 100K -76.3%(-1.0 percentage point) from peak 7-day avg. of 1/9/22-1/15/22
Best Performing Style
  • Large-Cap Value -.8%
Worst Performing Style
  •  Small-Cap Growth -3.0%
Leading Sectors
  • Biotech +.5%
  • Utilities +.3%
  • Medical Equipment +.1%
  • Restaurants -.1%
  • Banks -.1%
Lagging Sectors
  • Computer Hardware -4.5%
  • Shipping -4.9%
  • Alt Energy -5.5%
  • Semis -5.6%
  • Steel -6.7%
Weekly High-Volume Stock Gainers (3)
  • AGIO, CFVI and DXC
Weekly High-Volume Stock Losers (7)
  • CDNA, LE, ARRY, OXM, RETA, CHPT and AMLX
ETFs
Stocks
*5-Day Change

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