Weekly Scoreboard*

S&P 500 5,301.8 +1.5%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 39,986.4 +1.2%

• NASDAQ 16,685.9 +2.11%

• Russell 2000 2,094.7 +1.7%

• NYSE FANG+ 10,393.9 +2.5%

• Goldman 50 Most Shorted 170.6 +4.0%

• Wilshire 5000 52,726.2 +1.5%

• Russell 1000 Growth 3,448.4 +1.7%

• Russell 1000 Value 1,759.59 +1.1%

• S&P 500 Consumer Staples 834.8 +.8%

• Bloomberg Cyclicals/Defensives Index 236.4 -1.2%
  

• NYSE Technology 4,855.3 +2.7%

• Transports 15,477.4 -.70%

• Utilities 950.61 +.9%

• Bloomberg European Bank/Financial Services 109.1 +1.9%
  

• MSCI Emerging Markets 43.70 +3.0%

• Credit Suisse AllHedge Long/Short Equity Index 208.8 -.87%

• Credit Suisse AllHedge Equity Market Neutral Index 110.6 +.88%

Sentiment/Internals

• NYSE Cumulative A/D Line 504,533 +.72%
• Nasdaq/NYSE Volume Ratio 20.0 +141.0%

• Bloomberg New Highs-Lows Index 1,009 +393
  

• Crude Oil Commercial Bullish % Net Position -27.5 +15.5%

• CFTC Oil Net Speculative Position 215,444 -18.8%

• CFTC Oil Total Open Interest 1,836,765 +2.4%

• Total Put/Call .81 -16.3%

• OEX Put/Call 1.09 -9.5%

• ISE Sentiment 150.0 +11.3 points
  

• NYSE Arms .82 -38.4%
  
• Bloomberg Global Risk-On/Risk-Off Index 65.5 -1.7%
• Bloomberg US Financial Conditions Index 1.14 +1.0 basis point
  
• Bloomberg European Financial Conditions Index .93 -12.0 basis points
  

• Volatility(VIX) 12.0 -2.9%
• DJIA Intraday % Swing .24 -46.1%

• CBOE S&P 500 3M Implied Correlation Index 14.1 -12.3%

• G7 Currency Volatility (VXY) 6.73 -3.5%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.74 -1.2%

• Smart Money Flow Index 17,830.3 +1.7%
• NAAIM Exposure Index  89.3 -2.3
  

• ICI Money Mkt Mutual Fund Assets $6.049 Trillion +.27%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$6.891 Million

• AAII % Bulls 40.9 +.3%

• AAII % Bears 23.3 -2.1%
• CNN Fear & Greed Index 64.0 (GREED) +17.0

Futures Spot Prices

• CRB Index 289.4 unch.

• Crude Oil 80.10/bbl. +2.3%

• Reformulated Gasoline 257.60 +2.7%

• Natural Gas 2.64 +15.9%
• Dutch TTF Nat Gas(European benchmark) 30.8 euros/megawatt-hour +3.0%
  

• Heating Oil 248.7 +2.1% 
• Newcastle Coal 141.0 (1,000/metric ton) -.7%
  

• Gold 2,413.4 +2.4%
• Silver 31.3 +11.0%
  

• S&P GSCI Industrial Metals Index 488.9 +3.4%

• Copper 507.1 +8.9%

• US No. 1 Heavy Melt Scrap Steel 381.0 USD/Metric Tonne +.26%

• China Iron Ore Spot 117.6 USD/Metric Tonne +.5%

• CME Lumber  528.0 -1.7%

• UBS-Bloomberg Agriculture 1,483.9 -2.5%
• US Gulf NOLA Potash Spot 300.0 USD/Short Ton -.8%
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +3.6% -60.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 26.2% +1.0 percentage point
  

• NY Fed Real-Time Weekly Economic Index 2.16 +61.2%

• US Economic Policy Uncertainty Index 40.9 -84.7%
• S&P 500 Current Quarter EPS Growth Rate YoY(466 of 500 reporting) +5.3% -.2 percentage point

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 255.80 +.50:  Growth Rate +14.7% +.3 percentage point, P/E 20.7 +.3
  
• S&P 500 Current Year Estimated Profit Margin 12.90% unch.
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +37.2% unch.
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 327.36 +1.26: Growth Rate +36.2% +.5 percentage point, P/E 31.8 +.7
  

• Citi US Economic Surprise Index -23.2 -4.7 points

• Citi Eurozone Economic Surprise Index 19.8 -4.4 points

• Citi Emerging Markets Economic Surprise Index 23.1 -3.4 points

• Fed Fund Futures imply 8.9%(+5.4 percentage points) chance of -25.0 basis point cut to 5.0-5.25%, 91.1%(-5.4 percentage points) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 5.5-5.75% on 6/12
  

• US Dollar Index 104.5 -.8%

• MSCI Emerging Markets Currency Index 1,736.8 +.65%
  

• Bitcoin/USD 66,634.5 +9.6%

• Euro/Yen Carry Return Index 184.8 +.96%
  

• Yield Curve(2s/10s) -40.75 -4.0 basis points
  

• 10-Year US Treasury Yield 4.42% -8.0 basis points
  

• Federal Reserve's Balance Sheet $7.268 Trillion -.67%
  
• Federal Reserve's Discount Window Usage $6.397 Billion +3.2%
• Federal Reserve's Bank Term Funding Program $109.595 Billion -2.7%
  

• U.S. Sovereign Debt Credit Default Swap 41.4 -2.9%
  

• Illinois Municipal Debt Credit Default Swap 191.90 -4.3%
  

• Italian/German 10Y Yld Spread 130.0 -4.0 basis points
  
• UK Sovereign Debt Credit Default Swap 25.26 -.73%
  

• China Sovereign Debt Credit Default Swap 59.89 -6.7%
  

• Brazil Sovereign Debt Credit Default Swap 140.95 +.45%
  

• Israel Sovereign Debt Credit Default Swap 127.48 -1.8%

• South Korea Sovereign Debt Credit Default Swap 33.79 -2.8%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.8 +.8%
• China High-Yield Real Estate Total Return Index 100.3 +2.8%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +5.5% unch.
  
• Zillow US All Homes Rent Index YoY +3.7% unch.
  
• US Urban Consumers Food CPI YoY +2.2% unch.
  
• CPI Core Services Ex-Shelter YoY +5.1% +10.0 basis points
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +2.74% unch.: CPI YoY +3.39% -11.0 basis points
  
• 1-Year TIPS Spread 2.04% -16.0 basis points
  

• Treasury Repo 3M T-Bill Spread 9.5 basis points +1.0 basis point
  
• 2-Year SOFR Swap Spread -9.25 -.5 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -2.75 +1.0 basis point
  

• N. America Investment Grade Credit Default Swap Index 49.1 -2.8%
  

• America Energy Sector High-Yield Credit Default Swap Index 113.0 -12.7% 
• Bloomberg TRACE # Distressed Bonds Traded 292.0 -2.0
  

• European Financial Sector Credit Default Swap Index 58.06 -3.2%
• Deutsche Bank Subordinated 5Y Credit Default Swap 168.9 -5.7%

• Emerging Markets Credit Default Swap Index 157.3 -3.2%
  

• MBS 5/10 Treasury Spread 140.0 -3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 733.0 -13.0 basis points
  
• Avg. Auto ABS OAS .59 +1.0 basis point
  

• M2 Money Supply YoY % Change -.3% unch.
  

• Commercial Paper Outstanding $1,295.3B -2.5%

• 4-Week Moving Average of Jobless Claims 217,750 +1.2%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 50.9 +.6%
  

• Average 30-Year Fixed Home Mortgage Rate 7.28% -9.0 basis points
  

• Weekly Mortgage Applications 198,100 +.51%

• Weekly Retail Sales +6.30% +90.0 basis points
  
• OpenTable US Seated Diners % Change YoY n/a
  
• Box Office Weekly Gross $120.9M +21.8%
  

• Nationwide Gas $3.60/gallon -.04/gallon

• Baltic Dry Index 1,817.0 -14.7%
• Drewry World Container Freight Index $3,510.6/40 ft Box +11.1%
  

• China (Export) Containerized Freight Index 1,311.9 +6.0%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 45.0 unch.
  
• Truckstop.com Market Demand Index 56.9 +4.5%

• Rail Freight Carloads 259,429 +3.9%
• TSA Total Traveler Throughput 2,795,268 +21.9%
  

Best Performing Style

• Small-Cap Growth +1.7%
  

Worst Performing Style

•  Mid-Cap Value +.6%

Leading Sectors

• Networking +5.5%

• Video Gaming +5.0%
• Computer Hardware +4.7%
  

• Digital Health +4.6%
  

• Gold & Silver +4.3%
  

Lagging Sectors

• Restaurants -.5%
  

• Industrials -.6%
  

• Road & Rail -1.4%

• Construction -2.5%
  

• Education -2.5%
  

Weekly High-Volume Stock Gainers (23)

• DESP, DOCS, OUST, RDDT, HOOD, GATO, CCJ, SWIN, HBM, AFRM, ERO, MUX, ONON, PSLV, AGI, ZTO, PAAS, MAG, CB, DV, LBTYK, FUTU and JD
  

Weekly High-Volume Stock Losers (6)

• FLO, AGRO, GLOB, IEP, CBRL and DXC
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change