Weekly Scoreboard*

S&P 500 4,453.4 -.08%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 34,610.5 +.21%

• NASDAQ 13,704.3 -.55%

• Russell 2000 1,846.4 -.29%

• NYSE FANG+ 7,714.4 -1.1% 
• Roundhill Meme Stock ETF 35.1 +1.66%
  

• Goldman 50 Most Shorted 146.1 -1.1%

• Wilshire 5000 44,358.9 -.21%

• Russell 1000 Growth 2,782.95 -.72%

• Russell 1000 Value 1,553.73 +.56%

• S&P 500 Consumer Staples 757.79 +.77%

• MSCI Cyclicals-Defensives Spread 1,243.0 -.26%
  

• NYSE Technology 3,733.95 -1.95%

• Transports 15,300.5 +.83%

• Utilities 894.0 +2.9%

• Bloomberg European Bank/Financial Services 86.27 +4.0%
  

• MSCI Emerging Markets 39.2 +1.1%

• Credit Suisse AllHedge Long/Short Equity Index 193.24 +.39%

• Credit Suisse AllHedge Equity Market Neutral Index 103.3 +.30%

Sentiment/Internals

• NYSE Cumulative A/D Line 464,234 +.44%
• Nasdaq/NYSE Volume Ratio 7.2 -25.8%

• Bloomberg New Highs-Lows Index -82 +338
  

• Crude Oil Commercial Bullish % Net Position -29.2 unch.

• CFTC Oil Net Speculative Position 299,322 +24.3%

• CFTC Oil Total Open Interest 1,703,130 +2.7%

• Total Put/Call .98 -12.2%

• OEX Put/Call 1.73 +1.7%

• ISE Sentiment 97.0 -16.0 points
  

• NYSE Arms .97 +5.7%
  
• Bloomberg Global Risk-On/Risk-Off Index 72.9 +3.3%
• Bloomberg US Financial Conditions Index .51 +6.0 basis points
  
• Bloomberg European Financial Conditions Index .47 +101.0 basis points
  

• Volatility(VIX) 13.8 +.4%
• DJIA Intraday % Swing .95% +111.1%

• CBOE S&P 500 3M Implied Correlation Index 20.1 +3.1%

• G7 Currency Volatility (VXY) 8.0 -.9%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.47 -3.0%

• Smart Money Flow Index 12,265.4 +.21%
• NAAIM Exposure Index  58.0 +8.3
  

• ICI Money Mkt Mutual Fund Assets $5.643 Trillion +.31%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$4.389 Million

• AAII % Bulls 34.4 -18.5%

• AAII % Bears 29.2 -1.4%

Futures Spot Prices

• CRB Index 289.61 +2.0%

• Crude Oil 91.01/bbl. +4.4%

• Reformulated Gasoline 271.1 +2.3%

• Natural Gas 2.65 +.99%
• Dutch TTF Nat Gas(European benchmark) 36.5 euros/megawatt-hour +5.6%
  

• Heating Oil 338.7 +3.0% 
• Newcastle Coal 165.0 (1,000/metric ton) +2.7%
  

• Gold 1,924.4 +.25%
• Silver 23.07 +.61%
  

• S&P GSCI Industrial Metals Index 418.23 +2.3%

• Copper 379.40 +2.1%

• US No. 1 Heavy Melt Scrap Steel 378.0 USD/Metric Tonne +1.34%

• China Iron Ore Spot 121.2 USD/Metric Tonne +2.63%

• CME Lumber  499.5 +.80%

• UBS-Bloomberg Agriculture 1,610.12 +.51%
• US Gulf NOLA Potash Spot 332.5 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +4.94% -64.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 26.3% unch.
  

• NY Fed Real-Time Weekly Economic Index 1.88 +15.3%

• US Economic Policy Uncertainty Index 54.8 -11.3%
• S&P 500 Current Quarter EPS Growth Rate YoY(3 of 500 reporting) +7.2% n/a

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 239.0 +.55:  Growth Rate +8.7% +.2 percentage point, P/E 18.9 +.2
  
• S&P 500 Current Year Estimated Profit Margin 12.14% unch.
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 247.29 +1.55: Growth Rate +49.1% +.9 percentage point, P/E 31.8 +.2
  

• Citi US Economic Surprise Index 64.8 +3.4 points

• Citi Eurozone Economic Surprise Index -68.9 -5.2 points

• Citi Emerging Markets Economic Surprise Index 15.2 +9.1 points

• Fed Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis point cut to 5.0-5.25%, 97.0%(+5.0 percentage points) chance of no change, 3.0%(-5.0 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 9/20
  

• US Dollar Index 105.31 +.24%

• MSCI Emerging Markets Currency Index 1,678.1 +.7%
  

• Bitcoin/USD 26,363.4 +2.1%

• Euro/Yen Carry Return Index 167.45 -.2%
  

• Yield Curve(2s/10s) -71.5 +1.75 basis points
  

• 10-Year US Treasury Yield 4.32% +7.0 basis points
  

• Federal Reserve's Balance Sheet $8.063 Trillion -.03% 
• Federal Reserve's Discount Window Usage $2.179 Billion +6.3%
  

• U.S. Sovereign Debt Credit Default Swap 48.1 -2.5%
  

• Illinois Municipal Debt Credit Default Swap 189.25 -2.9%
  

• Italian/German 10Y Yld Spread 179.0 +5.0 basis points
  
• UK Sovereign Debt Credit Default Swap 27.18 -2.6%
  

• China Sovereign Debt Credit Default Swap 69.95 -3.3%
  

• Brazil Sovereign Debt Credit Default Swap 166.06 -2.9%
  

• Israel Sovereign Debt Credit Default Swap 47.7 -8.9%

• South Korea Sovereign Debt Credit Default Swap 29.5 -3.1%

• China Corp. High-Yield Bond USD ETF(KHYB) 25.0 +.12%
• China High-Yield Real Estate Total Return Index 87.77 +1.42%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% unch.
  
• Zillow US All Homes Rent Index YoY +3.3% -30.0 basis points
  
• US Urban Consumers Food CPI YoY +4.3% -60.0 basis points
  
• CPI Core Services Ex-Shelter YoY +4.1% +10.0 basis points
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.0% unch.: CPI YoY +3.7% -10.0 basis points
  
• 10-Year TIPS Spread 2.35% +2.0 basis points
  

• TED Spread 22.5 +.75 basis point
  
• 2-Year SOFR Swap Spread -10.25 +.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -10.25 +1.0 basis point

• N. America Investment Grade Credit Default Swap Index 63.16 -1.7%
  

• America Energy Sector High-Yield Credit Default Swap Index 170.0 -5.8% 
• Bloomberg TRACE # Distressed Bonds Traded 362.0 +16.0
  

• European Financial Sector Credit Default Swap Index 79.46 -3.6%
• Deutsche Bank Subordinated 5Y Credit Default Swap 262.48 -3.1%

• Emerging Markets Credit Default Swap Index 203.81 +.87%
  

• MBS 5/10 Treasury Spread 167.0 unch.
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 922.0 +116.0 basis points
• Avg. Auto ABS OAS .78 +4.0 basis points
  

• M2 Money Supply YoY % Change -3.7% unch.
  

• Commercial Paper Outstanding 1,160.8 +.1%

• 4-Week Moving Average of Jobless Claims 224,500 -2.2%
  

• Continuing Claims Unemployment Rate 1.1% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 47.0 -.55%
  

• Average 30-Year Fixed Home Mortgage Rate 7.51% -4.0 basis points
  

• Weekly Mortgage Applications 1832,200 -.8%

• Weekly Retail Sales +4.3% +20.0 basis points
  
• OpenTable US Seated Diners % Change YoY -6.0% -1.0 percentage point
  
• Box Office Weekly Gross YoY $67.6M -14.5%
  

• Nationwide Gas $3.87/gallon +.06/gallon

• Baltic Dry Index 1,340.0 +13.0%

• China (Export) Containerized Freight Index 875.2 -1.7%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.5 unch.
• Truckstop.com Market Demand Index 41.3 +5.3%

• Rail Freight Carloads 229,244 -6.7%
• TSA Total Traveler Throughput 2,584,180 +30.2%
  

Best Performing Style

• Large-Cap Value +.6%
  

Worst Performing Style

• Mid-Cap Growth -1.0%

Leading Sectors

• Gold & Silver +4.9%

• Utilities +2.9%
• Banks +2.5%
  

• Insurance +2.2%
  

• Steel +1.6%
  

Lagging Sectors

• Internet -2.3%
  

• Computer Hardware -2.6%
  

• Digital Health -2.9%

• Semis -2.9%
  

• Homebuilding -4.0%
  

Weekly High-Volume Stock Gainers (6)

• OLMA, OWL, USFD, IBTX, XPRO and MODV
  

Weekly High-Volume Stock Losers (17)

• VTLE, CNM, TTMI, ASML, DNB, DXCM, LOW, CHWY, IOT, ADBE, NUE, KLAC, COCO, MITK, KMPR, PLNT and PTCT
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change