Weekly Scoreboard*

S&P 500 4,505.7 +2.4%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 34,509.0 +2.3%

• NASDAQ 14,113.7 +3.3%

• Russell 2000 1,931.09 +3.5%

• NYSE FANG+ 8,017.9 +3.5% 
• Roundhill Meme Stock ETF 39.8 +6.9%
  

• Goldman 50 Most Shorted 170.76 +7.1%

• Wilshire 5000 45,068.0 +2.6%

• Russell 1000 Growth 2,825.2 +3.1%

• Russell 1000 Value 1,566.03 +1.8%

• S&P 500 Consumer Staples 779.5 +1.2%

• MSCI Cyclicals-Defensives Spread 1,274.5 +1.8%
  

• NYSE Technology 3,807.8 +4.8%

• Transports 15,827.0 +1.7%

• Utilities 927.55 +2.4%

• Bloomberg European Bank/Financial Services 83.6 +2.99%
  

• MSCI Emerging Markets 41.0 +3.7%

• HFRX Equity Hedge 1,491.65 +.48%

• HFRX Equity Market Neutral 936.1 +.21%

Sentiment/Internals

• NYSE Cumulative A/D Line 467,620 +2.1%
• Nasdaq/NYSE Volume Ratio 11.1 +109.4%

• Bloomberg New Highs-Lows Index 1,191 +1,205
  

• Crude Oil Commercial Bullish % Net Position -18.8 -2.2%

• CFTC Oil Net Speculative Position 141,429 +2.2%

• CFTC Oil Total Open Interest 1,816,843 -2.66%

• Total Put/Call .83 -4.9%

• OEX Put/Call 1.08 +33.1%

• ISE Sentiment 120.0 -10.0 points
  

• NYSE Arms 1.71 +95.6%
  
• Bloomberg Global Risk-On/Risk-Off Index 65.4 -.1%
• Bloomberg US Financial Conditions Index .43 +8.0 basis points
  
• Bloomberg European Financial Conditions Index -4.10 +29.0 basis points
  

• Volatility(VIX) 13.3 -10.1%
• DJIA Intraday % Swing .49% unch.

• CBOE S&P 500 3M Implied Correlation Index 16.5 -20.8%

• G7 Currency Volatility (VXY) 8.07 +1.6%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.26 -6.1%

• Smart Money Flow Index 14,102.2 +.55%
• NAAIM Exposure Index  93.3 +10.2
  

• ICI Money Mkt Mutual Fund Assets $5.454 Trillion -.37%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$3.388 Million

• AAII % Bulls 41.0 -11.6%

• AAII % Bears 25.9 +5.7%

Futures Spot Prices

• CRB Index 270.79 +2.4%

• Crude Oil 75.39/bbl. +2.5%

• Reformulated Gasoline 264.3 +2.2%

• Natural Gas 2.54 -1.1%
• Dutch TTF Nat Gas(European benchmark) 26.0 euros/megawatt-hour -21.5%
  

• Heating Oil 260.0 +1.5% 
• Newcastle Coal 144.5 (1,000/metric ton) -7.6%
  

• Gold 1,958.7 +1.8%
• Silver 25.0 +8.2%
  

• S&P GSCI Industrial Metals Index 427.28 +4.7%

• Copper 392.50 +3.8%

• US No. 1 Heavy Melt Scrap Steel 372.0 USD/Metric Tonne +.27%

• China Iron Ore Spot 113.8 USD/Metric Tonne +9.4%

• CME Lumber  580.0 +4.4%

• UBS-Bloomberg Agriculture 1,601.2 +3.0%
• US Gulf NOLA Potash Spot 355.0 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +2.29% +6.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) n/a
  

• NY Fed Real-Time Weekly Economic Index 1.37 +22.3%

• US Economic Policy Uncertainty Index 77.1 -45.4%
• S&P 500 Current Quarter EPS Growth Rate YoY(28 of 500 reporting) +12.7% n/a

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 231.13 n/a:  Growth Rate +3.4% n/a, P/E 19.5 n/a
  
• S&P 500 Current Year Estimated Profit Margin 12.16% -5.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 216.25 n/a: Growth Rate +42.1% n/a, P/E 37.6 n/a
  

• Citi US Economic Surprise Index 75.1 +3.1 points

• Citi Eurozone Economic Surprise Index -134.4 +1.5 points

• Citi Emerging Markets Economic Surprise Index -1.6 +2.8 points

• Fed Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis point cut to 4.75-5.0%, 3.9%(-3.1 percentage points) chance of no change, 96.1%(+3.1 percentage points) chance of +25.0 basis point hike to 5.25-5.50% on 7/26
  

• US Dollar Index 99.89 -2.3%

• MSCI Emerging Markets Currency Index 1,699.9 +1.4%
  

• Bitcoin/USD 30,171.3 -.15%

• Euro/Yen Carry Return Index 164.39 +.07%
  

• Yield Curve(2s/10s) -93.75 -4.75 basis points
  

• 10-Year US Treasury Yield 3.82% -25.0 basis points
  

• Federal Reserve's Balance Sheet $8.260 Trillion -.02% 
• Federal Reserve's Discount Window Usage $2.831 Billion -25.4%
  

• U.S. Sovereign Debt Credit Default Swap 34.0 -1.8%
  

• Illinois Municipal Debt Credit Default Swap 180.0 +2.4%
  

• Italian/German 10Y Yld Spread 166.0 -6.0 basis points
  
• UK Sovereign Debt Credit Default Swap 27.8 unch.
  

• China Sovereign Debt Credit Default Swap 61.3 -3.5%
  

• Brazil Sovereign Debt Credit Default Swap 177.01 -3.4%
  

• Israel Sovereign Debt Credit Default Swap 53.0 -4.6%

• South Korea Sovereign Debt Credit Default Swap 31.4 -8.1%

• China Corp. High-Yield Bond USD ETF(KHYB) 26.0 +.76%

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.1% -.3 percentage point
  
• Zillow US All Homes Rent Index YoY +4.1% -.7 percentage point
  
• US Urban Consumers Food CPI YoY +5.7% -1.0 percentage point
  
• CPI Core Services Ex-Shelter YoY +3.9% -.7 percentage point
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.2% -.2 percentage point: CPI YoY +3.4% +.2 percentage point
  
• 10-Year TIPS Spread 2.24% -3.0 basis points

• TED Spread 18.75 -3.5 basis points
  
• 2-Year Swap Spread 21.0 -.75 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -11.75 -3.75 basis points

• N. America Investment Grade Credit Default Swap Index 66.6 -4.9%
  

• America Energy Sector High-Yield Credit Default Swap Index 209.0 -8.6% 
• Bloomberg TRACE # Distressed Bonds Traded 396.0 +41.0
  

• European Financial Sector Credit Default Swap Index 80.9 -8.9%
• Deutsche Bank Subordinated 5Y Credit Default Swap 265.6 -6.3%

• Emerging Markets Credit Default Swap Index 205.7 -7.2%
  

• MBS 5/10 Treasury Spread 163.0 -11.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 716.0 +2.0 basis points
• Avg. Auto ABS OAS .80 +4.0 basis points
  

• M2 Money Supply YoY % Change -4.0% +60.0 basis points
  

• Commercial Paper Outstanding 1,166.3 +1.4%

• 4-Week Moving Average of Jobless Claims 246,750 -2.7%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 37.5 -24.9%
  

• Average 30-Year Fixed Home Mortgage Rate 7.14% -24.0 basis points
  

• Weekly Mortgage Applications 208,400 +.92%

• Weekly Retail Sales -.4% -100.0 basis points
  
• OpenTable US Seated Diners % Change YoY -2.0% +2.0 percentage points
  
• Box Office Weekly Gross YoY $234.6M +32.5%
  

• Nationwide Gas $3.57/gallon +.03/gallon

• Baltic Dry Index 1,103 +9.3%

• China (Export) Containerized Freight Index 869.92 -1.17%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.5 +13.3%
• Truckstop.com Market Demand Index 38.5 -12.6%

• Rail Freight Carloads 210,757 -16.1%
• TSA Total Traveler Throughput 2,720,764 +11.9%
  

Best Performing Style

• Mid-Cap Growth +4.1%
  

Worst Performing Style

• Large-Cap Value +2.0%

Leading Sectors

• Homebuilding +9.9%

• Gold & Silver +9.5%
• Gambling +8.8%
  

• Video Gaming +6.8%
  

• Digital Health +6.8%
  

Lagging Sectors

• Defense +.4%
  

• Insurance -1.1%
  

• Telecom -3.1%

• Networking -3.3%
  

• Airlines -3.9%
  

Weekly High-Volume Stock Gainers (12)

• ACAD, LUNR, AEHR, ARCT, ELAN, GKOS, UNH, ELV, CI, EDR, AXNX and NARI
  

Weekly High-Volume Stock Losers (17)

• PTY, AYX, T, DEN, POOL, NTRS, CIEN, AZUL, BC, TU, JNPR, BK, LITE, VITL, STT, FYBR and OPRA
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change