S&P 500 4,105.0 +1.3% |
Weekly Market Wrap by Edward Jones.
Indices
- DJIA 33,485.3 +1.9%
- NASDAQ 12,087.9 +.6%
- Russell 2000 1,754.46 -.79%
- NYSE FANG+ 6,060.6 +.57%
- Roundhill Meme Stock ETF 6.32 -.61%
- Goldman 50 Most Shorted 135.3 -3.6%
- Wilshire 5000 40,927.3 +1.0%
- Russell 1000 Growth 2,445.90 +1.1%
- Russell 1000 Value 1,503.3 +1.3%
- S&P 500 Consumer Staples 787.5 +1.8%
- MSCI Cyclicals-Defensives Spread 1,089.78 -3.76%
- NYSE Technology 3,107.13 -1.23%
- Transports 13,966.3 -1.2%
- Utilities 970.79 +4.1%
- Bloomberg European Bank/Financial Services 79.25 +.99%
- MSCI Emerging Markets 39.5 +.1%
- HFRX Equity Hedge 1,458.89 +.01%
- HFRX Equity Market Neutral 922.42 -.17%
Sentiment/Internals
- NYSE Cumulative A/D Line 454,724 +.32%
- Nasdaq/NYSE Volume Ratio 4.8 -50.5%
- Bloomberg New Highs-Lows Index -100 -83
- Crude Oil Commercial Bullish % Net Position -22.0 -10.3%
- CFTC Oil Net Speculative Position 181,069 +17.3%
- CFTC Oil Total Open Interest 1,785,807 -.34%
- Total Put/Call 1.0 +6.4%
- OEX Put/Call 1.89 +37.1%
- ISE Sentiment 105.0 +21.0 points
- NYSE Arms .96 -22.6%
- Bloomberg Global Risk-On/Risk-Off Index 52.6 -2.0%
- Bloomberg US Financial Conditions Index -29.0 +10.0 basis points
- Bloomberg European Financial Conditions Index -4.07 -4.0 basis points
- Volatility(VIX) 18.4 -3.3%
- DJIA Intraday % Swing .6% -49.2%
- CBOE S&P 500 Implied Correlation Index 33.4 -2.4%
- G7 Currency Volatility (VXY) 9.5 -2.8%
- Emerging Markets Currency Volatility (EM-VXY) 11.6 -2.2%
- Smart Money Flow Index 12,933.1 +1.09%
- NAAIM Exposure Index 72.9 +7.7
- ICI Money Mkt Mutual Fund Assets $5.247 Trillion +.94%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$11.290 Million
- AAII % Bulls 33.3 +48.0%
- AAII % Bears 35.0 -23.3%
Futures Spot Prices
- CRB Index 271.99 +2.9%
- Crude Oil 80.7/bbl. +8.5%
- Reformulated Gasoline 281.3 +7.2%
- Natural Gas 2.01 -4.4%
- Dutch TTF Nat Gas(European benchmark) 43.1 euros/megawatt-hour -.9%
- Heating Oil 266.0 +.71%
- Newcastle Coal 203.25 (1,000/metric ton) +8.4%
- Gold 2,007.9 +1.40%
- Silver 24.98 +3.7%
- S&P GSCI Industrial Metals Index 438.62 -3.0%
- Copper 401.55 -2.33%
- US No. 1 Heavy Melt Scrap Steel 428.0 USD/Metric Tonne -5.9%
- China Iron Ore Spot 116.0 USD/Metric Tonne -7.4
%
- Lumber 384.9 +2.5%
- UBS-Bloomberg Agriculture 1,572.0 +1.53%
- US Gulf NOLA Potash Spot 365.0 USD/Short Ton unch.
Economy
- Atlanta Fed GDPNow 1Q Forecast +1.47% -172.0 basis points
- ECRI Weekly Leading Economic Index Growth Rate (graph)
- Bloomberg US Recession Probability Next 12 Months 65.0% unch.
- NY Fed Real-Time Weekly Economic Index 1.71 +19.6%
- US Economic Policy Uncertainty Index 44.5 -62.1%
- S&P
500 Blended Forward 12 Months Mean EPS Estimate 225.96 -.06: Growth
Rate +1.6% -.1 percentage point, P/E 18.2 +.3
- S&P 500 Current Year Estimated Profit Margin 12.30% unch.
- Citi US Economic Surprise Index 57.0 -25.6 points
- Citi Eurozone Economic Surprise Index 56.5 +6.5 points
- Citi Emerging Markets Economic Surprise Index 25.7 -.8 point
- Fed
Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to
4.5-4.75%, 33.0%(-18.6 percentage points) chance of no change, 67.0%(+18.6 percentage points) chance of +25.0 basis point hike to 5.0-5.25% on 5/3
- US Dollar Index 102.09 -.51%
- MSCI Emerging Markets Currency Index 1,688.46 -.19%
- Bitcoin/USD 28,450.4 -.53%
- Euro/Yen Carry Return Index 150.66 +.28%
- Yield Curve(2s/10s) -59.0 unch.
- 10-Year US Treasury Yield 3.39% -11.0 basis points
- Federal Reserve's Balance Sheet $8.595 Trillion -.85%
- Federal Reserve's Discount Window Usage $71.038 Billion -32.3%
- U.S. Sovereign Debt Credit Default Swap 45.09 -1.3%
- Illinois Municipal Debt Credit Default Swap 174.04 +.67%
- Italian/German 10Y Yld Spread 185.0 +4.0 basis points
- UK Sovereign Debt Credit Default Swap 28.3 -.18%
- China Sovereign Debt Credit Default Swap 73.6 -.03%
- Brazil Sovereign Debt Credit Default Swap 233.37 +2.0%
- Israel Sovereign Debt Credit Default Swap 61.89 +5.89%
- South Korea Sovereign Debt Credit Default Swap 45.4 +5.3%
- China Corp. High-Yield Bond USD ETF(KHYB) 26.9 +.77%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +6.6% unch.
- Zillow US All Homes Rent Index YoY +6.3% unch.
- US Urban Consumers Food CPI YoY +9.5% unch.
- CPI Core Services Ex-Rents YoY 6.15% unch.
- Cleveland Fed Inflation Nowcast Core PCE YoY +4.60% unch.: CPI YoY +5.22% unch.
- 10-Year TIPS Spread 2.26% -9.0 basis points
- TED Spread 44.5 +.75 basis point
- 2-Year Swap Spread 23.75 -9.5 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -18.75 -.5 basis point
- N. America Investment Grade Credit Default Swap Index 78.3 +2.8%
- America Energy Sector High-Yield Credit Default Swap Index 243.0 -2.0%
- Bloomberg TRACE # Distressed Bonds Traded 425.0 -30.0
- European Financial Sector Credit Default Swap Index 104.80 +4.4%
- Deutsche Bank Subordinated 5Y Credit Default Swap 373.7 -12.0%
- Emerging Markets Credit Default Swap Index 239.80 +4.4%
- MBS 5/10 Treasury Spread 159.0 +5.0 basis points
- Bloomberg CMBS Investment Grade Bbb Average OAS 689.0 +16.0 basis points
- Avg. Auto ABS OAS .95 +3.0 basis points
- M2 Money Supply YoY % Change -2.4% unch.
- Commercial Paper Outstanding 1,134.50 -.3%
- 4-Week Moving Average of Jobless Claims 237,750 -1.8%
- Continuing Claims Unemployment Rate 1.3% +10.0 basis points
- Kastle Back-to-Work Barometer(entries in secured buildings) 49.0 +1.2%
- Average 30-Year Fixed Home Mortgage Rate 6.76% -8.0 basis points
- Weekly Mortgage Applications 217,900 -4.14%
- Weekly Retail Sales +3.1% +20.0 basis points
- OpenTable US Seated Diners % Change from 2019 n/a
- Box Office Weekly Gross $144.1M +9.7%
- Nationwide Gas $3.58/gallon +.08/gallon
- Baltic Dry Index 1,560.0 +11.2%
- China (Export) Containerized Freight Index 952.89 -.58%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 47.5 -17.4%
- Truckstop.com Market Demand Index 45.0 +.91%
- Rail Freight Carloads 234,017 +.25%
- TSA Total Traveler Throughput 2,508,487 +12.0%
Best Performing Style
- Large-Cap Value +1.3%
Worst Performing Style
- Small-Cap Value -.8%
Leading Sectors
- Healthcare Providers +5.3%
- Gold & Silver +5.1%
- Pharma +4.7%
- Utilities +4.1%
- Telecom +3.5%
Lagging Sectors
- I-Banks -3.7%
- Electric Vehicles -4.3%
- Semis -4.3%
- Steel -4.6%
- Alt Energy -5.1%
Weekly High-Volume Stock Gainers (8)
- VRE, EBIX, TMCI, KRYS, DEA, SAFE, SCLX and IRWD
Weekly High-Volume Stock Losers (11)
- RPM, FMC, ATKR, WNC, ABNA, BFH, SMCI, FN, LITE, COHR and LEVI
ETFs
Stocks
*5-Day Change
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