Weekly Scoreboard*

S&P 500 4,604.2 +.2%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 36,258.5 +.01%

• NASDAQ 14,409.2 +.67%

• Russell 2000 1,881.0 +.93%

• NYSE FANG+ 8,296.0 +1.1% 
• Roundhill Meme Stock ETF 38.93 +5.4%
  

• Goldman 50 Most Shorted 143.6 +1.4%

• Wilshire 5000 45,931.2 +.24%

• Russell 1000 Growth 2,957.4 +.72%

• Russell 1000 Value 1,559.43 -.35%

• S&P 500 Consumer Staples 738.31 -1.2%

• MSCI Cyclicals-Defensives Spread 1,325.49 +.83%
  

• NYSE Technology 4,116.8 +.74%

• Transports 15,240.6 -1.4%

• Utilities 872.7 -.36%

• Bloomberg European Bank/Financial Services 90.29 +1.8%
  

• MSCI Emerging Markets 39.01 -1.6%

• Credit Suisse AllHedge Long/Short Equity Index 188.60 -.06%

• Credit Suisse AllHedge Equity Market Neutral Index 106.19 -.51%

Sentiment/Internals

• NYSE Cumulative A/D Line 464,548 +.63%
• Nasdaq/NYSE Volume Ratio 10.6 +103.8%

• Bloomberg New Highs-Lows Index 46 -94
  

• Crude Oil Commercial Bullish % Net Position -26.9 +6.4%

• CFTC Oil Net Speculative Position 183,171 -11.7%

• CFTC Oil Total Open Interest 1,563,737 +.65%

• Total Put/Call .88 +3.6%

• OEX Put/Call .92 -12.4%

• ISE Sentiment 113.0 -14.0 points
  

• NYSE Arms .68 -25.0%
  
• Bloomberg Global Risk-On/Risk-Off Index 60.4 -.66%
• Bloomberg US Financial Conditions Index .62 +10.0 basis points
  
• Bloomberg European Financial Conditions Index .32 +9.0 basis points
  

• Volatility(VIX) 12.6 -1.6%
• DJIA Intraday % Swing .55% -43.0%

• CBOE S&P 500 3M Implied Correlation Index 20.54 -4.0%

• G7 Currency Volatility (VXY) 8.0 +7.1%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.92 +1.2%

• Smart Money Flow Index 13,755.14 +3.8%
• NAAIM Exposure Index  76.1 -5.3
  

• ICI Money Mkt Mutual Fund Assets $5.898 Trillion +1.1%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$6.307 Million

• AAII % Bulls 47.3 -3.1%

• AAII % Bears 27.4 +39.8%

Futures Spot Prices

• CRB Index 260.74 -3.7%

• Crude Oil 71.28/bbl. -4.3%

• Reformulated Gasoline 205.27 -3.1%

• Natural Gas 2.56 -6.7%
• Dutch TTF Nat Gas(European benchmark) 38.6 euros/megawatt-hour -12.0%
  

• Heating Oil 258.03 -3.2% 
• Newcastle Coal 153.7 (1,000/metric ton) +13.4%
  

• Gold 2,000.24 -3.4%
• Silver 23.03 -9.6%
  

• S&P GSCI Industrial Metals Index 398.0 -3.5%

• Copper 383.60 -2.1%

• US No. 1 Heavy Melt Scrap Steel 430.0 USD/Metric Tonne +12.3%

• China Iron Ore Spot 134.7 USD/Metric Tonne +4.5%

• CME Lumber  528.50 +.57%

• UBS-Bloomberg Agriculture 1,551.90 -1.6%
• US Gulf NOLA Potash Spot 322.50 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 4Q Forecast +1.25% +6.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 29.4% +1.0 percentage point
  

• NY Fed Real-Time Weekly Economic Index 2.48 +17.0%

• US Economic Policy Uncertainty Index 95.1 +67.2%
• S&P 500 Current Quarter EPS Growth Rate YoY(498 of 500 reporting) +4.4% -.1 percentage point

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 242.35 +.28:  Growth Rate +9.4% +.1 percentage point, P/E 18.9 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.11% -2.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(10 of 10 reporting) +47.7% -2.9 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 285.80 +1.34: Growth Rate +34.0% +.6 percentage point, P/E 28.8 -1.2
  

• Citi US Economic Surprise Index 20.3 -5.3 points

• Citi Eurozone Economic Surprise Index -21.0 +2.7 points

• Citi Emerging Markets Economic Surprise Index 26.2 +.4 point

• Fed Fund Futures imply .00%(-0.0 percentage point) chance of -25.0 basis point cut to 5.0-5.25%, 98.2%(-.6 percentage point) chance of no change, 1.8%(+.6 percentage point) chance of +25.0 basis point hike to 5.5-5.75% on 12/13
  

• US Dollar Index 104.01 +.77%

• MSCI Emerging Markets Currency Index 1,710.12 -.26%
  

• Bitcoin/USD 43,927.5 +10.5%

• Euro/Yen Carry Return Index 167.26 +.24%
  

• Yield Curve(2s/10s) -48.0 -13.5 basis points
  

• 10-Year US Treasury Yield 4.24% +1.0 basis point
  

• Federal Reserve's Balance Sheet $7.701 Trillion -.75% 
• Federal Reserve's Discount Window Usage $2.110 Billion -17.5%
• Federal Reserve's Bank Term Funding Program $121.695 Billion +6.9%
  

• U.S. Sovereign Debt Credit Default Swap 47.70 +1.4%
  

• Illinois Municipal Debt Credit Default Swap 185.5 +4.0%
  

• Italian/German 10Y Yld Spread 180.0 +6.0 basis points
  
• UK Sovereign Debt Credit Default Swap 36.07 +1.9%
  

• China Sovereign Debt Credit Default Swap 62.21 +6.7%
  

• Brazil Sovereign Debt Credit Default Swap 147.89 +1.3%
  

• Israel Sovereign Debt Credit Default Swap 109.49 -4.5%

• South Korea Sovereign Debt Credit Default Swap 28.22 +2.5%

• China Corp. High-Yield Bond USD ETF(KHYB) 25.5 +.14%
• China High-Yield Real Estate Total Return Index 74.20 -1.4%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% unch.
  
• Zillow US All Homes Rent Index YoY +3.2% unch.
  
• US Urban Consumers Food CPI YoY +3.3% unch.
  
• CPI Core Services Ex-Shelter YoY +3.9% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.46% unch.: CPI YoY +3.04% unch.
  
• 10-Year TIPS Spread 2.21% -2.0 basis points
  

• TED Spread 24.5 -1.25 basis points
  
• 2-Year SOFR Swap Spread -19.5 -1.25 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -9.0 +3.0 basis points
  

• N. America Investment Grade Credit Default Swap Index 61.49 +.24%
  

• America Energy Sector High-Yield Credit Default Swap Index 176.0 +5.9% 
• Bloomberg TRACE # Distressed Bonds Traded 377.0 +32.0
  

• European Financial Sector Credit Default Swap Index 76.0 -.8%
• Deutsche Bank Subordinated 5Y Credit Default Swap 221.66 -5.2%

• Emerging Markets Credit Default Swap Index 185.22 -1.5%
  

• MBS 5/10 Treasury Spread 149.0 -3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 952.0 +8.0 basis points
• Avg. Auto ABS OAS .83 -5.0 basis points
  

• M2 Money Supply YoY % Change -3.3% unch.
  

• Commercial Paper Outstanding 1,251.2 -1.9%

• 4-Week Moving Average of Jobless Claims 220,750 +.23%
  

• Continuing Claims Unemployment Rate 1.2% -10.0 basis points
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 48.98 +24.8%
  

• Average 30-Year Fixed Home Mortgage Rate 7.41% -16.0 basis points
  

• Weekly Mortgage Applications 181,100 +2.8%

• Weekly Retail Sales +3.0% -90.0 basis points
  
• OpenTable US Seated Diners % Change YoY -4.0% +2.0 percentage points
  
• Box Office Weekly Gross $132.8M -36.1%
  

• Nationwide Gas $3.19/gallon -.06/gallon

• Baltic Dry Index 2,495.0 -21.8%

• China (Export) Containerized Freight Index 858.40 +.08%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 35.0 -6.7%
• Truckstop.com Market Demand Index 45.2 +90.1%

• Rail Freight Carloads 272,577 +24.3%
• TSA Total Traveler Throughput 2,373,456 +27.3%
  

Best Performing Style

• Small-Cap Value +.9%
  

Worst Performing Style

• Large-Cap Value -.5%

Leading Sectors

• Airlines +12.6%

• Homebuilding +5.4%
• Regional Banks +3.2%
  

• I-Banking +2.9%
  

• Networking +1.4%
  

Lagging Sectors

• Gambling -3.0%
  

• Steel -3.5%
  

• Energy -3.7%

• Oil Service -4.5%
  

• Gold & Silver -6.2%
  

Weekly High-Volume Stock Gainers (27)

• MBI, ALXO, SAVA, PARA, NETI, AAOI, ARVN, AX, CLSK, AMBC, UPST, CVNA, LULU, AFRM, DOCU, ALLE, QNST, SRRK, DAVA, IMCR, AGO, CARR, INSP, S, SRAD, RBLX and ALB
  

Weekly High-Volume Stock Losers (14)

• MEI, SMAR, CIEN, GTES, MNSO, CRSP, SWBI, MDGL, RH, AGRO, XPOF, HCP, NOVA and MDRX
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change