Weekly Scoreboard*

 

S&P 500 4,130.2 +.2%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 33,835.9 +.9%

• NASDAQ 12,106.9 -.3%

• Russell 2000 1,777.49 +.94%

• NYSE FANG+ 6,032.44 -1.3% 
• Roundhill Meme Stock ETF 6.55 +3.6%
  

• Goldman 50 Most Shorted 140.82 +3.6%

• Wilshire 5000 41,234.3 +.41%

• Russell 1000 Growth 2,456.20 -.18%

• Russell 1000 Value 1,518.98 +.72%

• S&P 500 Consumer Staples 785.28 -.40%

• MSCI Cyclicals-Defensives Spread 1,086.15 -.21%
  

• NYSE Technology 3,093.6 -1.3%

• Transports 14,249.4 +1.6%

• Utilities 956.4 -1.5%

• Bloomberg European Bank/Financial Services 82.3 +3.8%
  

• MSCI Emerging Markets 39.71 +.49%

• HFRX Equity Hedge 1,460.03 +.07%

• HFRX Equity Market Neutral 921.72 -.05%

Sentiment/Internals

• NYSE Cumulative A/D Line 459,361 +1.0%
• Nasdaq/NYSE Volume Ratio 9.2 +91.7%

• Bloomberg New Highs-Lows Index 197 +297
  

• Crude Oil Commercial Bullish % Net Position -25.5 -16.0%

• CFTC Oil Net Speculative Position 226,127 +24.9%

• CFTC Oil Total Open Interest 1,858,446 +4.1%

• Total Put/Call .86 -16.0%

• OEX Put/Call 1.38 -36.3%

• ISE Sentiment 92.0 -13.0 points
  

• NYSE Arms .88 +5.2%
  
• Bloomberg Global Risk-On/Risk-Off Index 57.0 +8.4%
• Bloomberg US Financial Conditions Index 20.0 +49.0 basis points
• Bloomberg European Financial Conditions Index -3.96 +11.0 basis points
  

• Volatility(VIX) 17.3 -3.2%
• DJIA Intraday % Swing 1.04% +73.3%

• CBOE S&P 500 Implied Correlation Index 32.0 -1.7%

• G7 Currency Volatility (VXY) 9.0 -6.1%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.6 -2.2%

• Smart Money Flow Index 13,009.0 +.6%
• NAAIM Exposure Index  58.7 -14.2
  

• ICI Money Mkt Mutual Fund Assets $5.277 Trillion +.58%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$8.994 Million

• AAII % Bulls 26.1 -21.6%

• AAII % Bears 34.5 -1.4%

Futures Spot Prices

• CRB Index 275.6 +1.3%

• Crude Oil 80.7/bbl. +8.5%

• Reformulated Gasoline 283.9 +.9%

• Natural Gas 2.10 +4.4%
• Dutch TTF Nat Gas(European benchmark) 41.1 euros/megawatt-hour -9.2%
  

• Heating Oil 263.9 -.8% 
• Newcastle Coal 190.3 (1,000/metric ton) -7.4%
  

• Gold 2,004.2 -.21%
• Silver 25.3 +1.5%
  

• S&P GSCI Industrial Metals Index 450.3 +2.7%

• Copper 411.6 +2.5%

• US No. 1 Heavy Melt Scrap Steel 430.0 USD/Metric Tonne -1.2%

• China Iron Ore Spot 114.7 USD/Metric Tonne -2.7%

• Lumber  384.9 +9.0%

• UBS-Bloomberg Agriculture 1,588.2 +1.2%
• US Gulf NOLA Potash Spot 375.0 USD/Short Ton -1.4%
  

Economy

• Atlanta Fed GDPNow 1Q Forecast +2.17% +70.0 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 1.23 -22.6%

• US Economic Policy Uncertainty Index 308.5 +152.1%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 225.83 -.13:  Growth Rate +1.5% -.1 percentage point, P/E 18.4 +.2 
  
• S&P 500 Current Year Estimated Profit Margin 12.26% -4.0 basis points
  

• Citi US Economic Surprise Index 31.0 -16.0 points

• Citi Eurozone Economic Surprise Index 48.4 -8.1 points

• Citi Emerging Markets Economic Surprise Index 27.8 +2.1 points

• Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 4.5-4.75%, 19.8%(-9.0 percentage points) chance of no change, 80.2%(+9.0 percentage points) chance of +25.0 basis point hike to 5.0-5.25% on 5/3
  

• US Dollar Index 101.6 -.3%

• MSCI Emerging Markets Currency Index 1,696.81 +.48%
  

• Bitcoin/USD 30,296.0 +7.6%

• Euro/Yen Carry Return Index 153.63 +2.1%
  

• Yield Curve(2s/10s) -57.75 +1.25 basis points
  

• 10-Year US Treasury Yield 3.52% +13.0 basis points
  

• Federal Reserve's Balance Sheet $8.578 Trillion -.20% 
• Federal Reserve's Discount Window Usage $67.921 Billion -4.4%
  

• U.S. Sovereign Debt Credit Default Swap 46.5 +3.0%
  

• Illinois Municipal Debt Credit Default Swap 170.20 -2.2%
  

• Italian/German 10Y Yld Spread 186.0 +1.0 basis point
• UK Sovereign Debt Credit Default Swap 27.9 -.99%
  

• China Sovereign Debt Credit Default Swap 68.6 -7.1%
  

• Brazil Sovereign Debt Credit Default Swap 217.85 -6.5%
  

• Israel Sovereign Debt Credit Default Swap 64.1 +3.5%

• South Korea Sovereign Debt Credit Default Swap 45.3 -.2%

• China Corp. High-Yield Bond USD ETF(KHYB) 26.9 unch.

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.5% -10.0 basis points
  
• Zillow US All Homes Rent Index YoY +6.0% -30.0 basis points
  
• US Urban Consumers Food CPI YoY +8.5% -100.0 basis points
  
• CPI Core Services Ex-Rents YoY 6.15% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.58% -2.0 basis points: CPI YoY +5.12% -10.0 basis points
  
• 10-Year TIPS Spread 2.31% +5.0 basis points

• TED Spread 25.0 -18.5 basis points
  
• 2-Year Swap Spread 30.0 -6.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -15.0 +3.75 basis points

• N. America Investment Grade Credit Default Swap Index 74.2 -4.9%
  

• America Energy Sector High-Yield Credit Default Swap Index 229.0 -6.0% 
• Bloomberg TRACE # Distressed Bonds Traded 367.0 -58.0
  

• European Financial Sector Credit Default Swap Index 95.39 -9.0%
• Deutsche Bank Subordinated 5Y Credit Default Swap 366.41 -1.9%

• Emerging Markets Credit Default Swap Index 231.50 -3.4%
  

• MBS 5/10 Treasury Spread 159.0 unch.
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 694.0 +5.0 basis points
• Avg. Auto ABS OAS .95 unch.
  

• M2 Money Supply YoY % Change -2.4% unch.
  

• Commercial Paper Outstanding 1,146.0 +1.0%

• 4-Week Moving Average of Jobless Claims 240,000 +.95%
  

• Continuing Claims Unemployment Rate 1.2% -10.0 basis points
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 48.5 -1.1%
  

• Average 30-Year Fixed Home Mortgage Rate 6.80% +4.0 basis points
  

• Weekly Mortgage Applications 229,500 +5.3%

• Weekly Retail Sales +1.5% -160.0 basis points
  
• OpenTable US Seated Diners % Change from 2019 n/a
• Box Office Weekly Gross $235.2M +63.2%
  

• Nationwide Gas $3.66/gallon +.08/gallon

• Baltic Dry Index 1,463.0 -4.1%

• China (Export) Containerized Freight Index 942.1 -1.13%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 47.5 unch.
• Truckstop.com Market Demand Index 43.7 -2.8%

• Rail Freight Carloads 225,667 -3.6%
• TSA Total Traveler Throughput 2,437,708 +16.5%
  

Best Performing Style

• Small-Cap Growth +1.4%
  

Worst Performing Style

• Large-Cap Growth -.2%

Leading Sectors

• Agriculture +3.4%

• I-Banking +3.3%
• Oil Service +3.1%
  

• Homebuilding +2.8%
  

• Steel +2.5%
  

Lagging Sectors

• Regional Banks -1.2%
  

• Software -1.3%
  

• Utilities -1.5%

• REITs -1.8%
  

• Social Media -2.1%
  

Weekly High-Volume Stock Gainers (4)

• NRIX, JPM, QDEL and C
  

Weekly High-Volume Stock Losers (20)

•  OLED, PSA, NGG, GBX, RLAY, HIG, WAFD, SITM, ASAI, PAAS, CLDX, NOW, CARG, MLTX, BA, OEC, RIVN, QNST, SPR and CTLT
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change