Weekly Scoreboard*

S&P 500 5,277.5 +.2%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 38,686.3 -.97%

• NASDAQ 16,735.0 -.01%

• Russell 2000 2,070.1 +1.1%

• NYSE FANG+ 10,322.1 -.89%

• Goldman 50 Most Shorted 169.5 +4.6%

• Wilshire 5000 52,354.3 +.14%

• Russell 1000 Growth 3,440.3 -.4%

• Russell 1000 Value 1,737.96 +.7%

• S&P 500 Consumer Staples 824.2 +.33%

• Bloomberg Cyclicals/Defensives Index 234.7 -1.2%
  

• NYSE Technology 4,795.06 -1.8%

• Transports 15,238.3 +1.5%

• Utilities 946.4 +2.4%

• Bloomberg European Bank/Financial Services 108.46 +.49%
  

• MSCI Emerging Markets 41.7 -2.7%

• Credit Suisse AllHedge Long/Short Equity Index 211.17 +.09%

• Credit Suisse AllHedge Equity Market Neutral Index 110.9 -.16%

Sentiment/Internals

• NYSE Cumulative A/D Line 500,216 -.04%
• Nasdaq/NYSE Volume Ratio 3.3 -56.0%

• Bloomberg New Highs-Lows Index 41 -202
  

• Crude Oil Commercial Bullish % Net Position -28.1 -5.4%

• CFTC Oil Net Speculative Position 219,300 +8.0%

• CFTC Oil Total Open Interest 1,784,152 -.2%

• Total Put/Call .96 -3.0%

• OEX Put/Call 1.19 -4.2%

• ISE Sentiment 130.0 -20.0 points
  

• NYSE Arms .85 -26.7%
  
• Bloomberg Global Risk-On/Risk-Off Index 66.5 +1.5%
• Bloomberg US Financial Conditions Index .82 -16.0 basis points
  
• Bloomberg European Financial Conditions Index .98 -2.0 basis points
  

• Volatility(VIX) 12.9 +1.2%
• DJIA Intraday % Swing .82 +59.4%

• CBOE S&P 500 3M Implied Correlation Index 12.5 -9.7%

• G7 Currency Volatility (VXY) 6.84 +.59%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.9 +2.2%

• Smart Money Flow Index 17,060.3 -3.7%
• NAAIM Exposure Index  92.2 -2.3
  

• ICI Money Mkt Mutual Fund Assets $3.636 Trillion -40.0%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$7.255 Million

• AAII % Bulls 39.0 -17.0%

• AAII % Bears 26.7 +1.5%
• CNN Fear & Greed Index 42.0 (FEAR) -9.0

Futures Spot Prices

• CRB Index 290.16 -.76%

• Crude Oil 77.08/bbl. -.06%

• Reformulated Gasoline 242.60 -1.98%

• Natural Gas 2.59 -3.1%
• Dutch TTF Nat Gas(European benchmark) 34.2 euros/megawatt-hour +.7%
  

• Heating Oil 236.6 -2.2% 
• Newcastle Coal 140.3 (1,000/metric ton) +2.0%
  

• Gold 2,321.9 -.4%
• Silver 30.2 +.11%
  

• S&P GSCI Industrial Metals Index 490.4 -.43%

• Copper 460.70 -3.5%

• US No. 1 Heavy Melt Scrap Steel 381.0 USD/Metric Tonne +.53%

• China Iron Ore Spot 113.6 USD/Metric Tonne -4.6%

• CME Lumber  508.0 -4.6%

• UBS-Bloomberg Agriculture 1,498.4 -1.5%
• US Gulf NOLA Potash Spot 295.0 USD/Short Ton -.8%
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +2.7% -80.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 23.9% +.1 percentage point
  

• NY Fed Real-Time Weekly Economic Index 2.21 +31.6%

• US Economic Policy Uncertainty Index 102.5 +71.7%
• S&P 500 Current Quarter EPS Growth Rate YoY(490 of 500 reporting) +7.8% +2.5 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 257.63 +1.83:  Growth Rate +13.0% -1.7 percentage points, P/E 20.2 -.5
  
• S&P 500 Current Year Estimated Profit Margin 12.88% -2.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +52.9% +15.7 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 329.75 +2.39: Growth Rate +23.0% -13.2 percentage points, P/E 30.9 -.9
  

• Citi US Economic Surprise Index -7.6 +3.3 points

• Citi Eurozone Economic Surprise Index 27.5 +1.5 points

• Citi Emerging Markets Economic Surprise Index 15.3 -4.5 points

• Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 5.0-5.25%, 98.7%(-.4 percentage point) chance of no change, 1.3%(+.4 percentage point) chance of +25.0 basis point hike to 5.5-5.75% on 6/12
  

• US Dollar Index 104.68 -.38%

• MSCI Emerging Markets Currency Index 1,726.0 -.32%
  

• Bitcoin/USD 67,294.5 -2.0%

• Euro/Yen Carry Return Index 186.5 +.26%
  

• Yield Curve(2s/10s) -38.5 +2.25 basis points
  

• 10-Year US Treasury Yield 4.51% +4.0 basis points
  

• Federal Reserve's Balance Sheet $7.248 Trillion -.21%
  
• Federal Reserve's Discount Window Usage $6.669 Billion +1.5%
• Federal Reserve's Bank Term Funding Program $108.249 Billion -.69%
  

• U.S. Sovereign Debt Credit Default Swap 41.2 +.7%
  

• Illinois Municipal Debt Credit Default Swap 190.89 -.57%
  

• Italian/German 10Y Yld Spread 131.0 unch.
  
• UK Sovereign Debt Credit Default Swap 23.6 -2.8%
  

• China Sovereign Debt Credit Default Swap 62.5 +2.7%
  

• Brazil Sovereign Debt Credit Default Swap 142.8 -3.3%
  

• Israel Sovereign Debt Credit Default Swap 126.5 +.6%

• South Korea Sovereign Debt Credit Default Swap 35.2 +1.1%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.7 -.5%
• China High-Yield Real Estate Total Return Index 101.5 -1.5%
  

• 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% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +2.69% -5.0 basis points: CPI YoY +3.36% -3.0 basis points
  
• 1-Year TIPS Spread 1.94% -6.0 basis points
  

• Treasury Repo 3M T-Bill Spread 7.75 basis points -1.75 basis points
  
• 2-Year SOFR Swap Spread -9.5 -.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -1.75 +1.0 basis point
  

• N. America Investment Grade Credit Default Swap Index 50.2 +1.8%
  

• America Energy Sector High-Yield Credit Default Swap Index 111.0 -1.8% 
• Bloomberg TRACE # Distressed Bonds Traded 266.0 -36.0
  

• European Financial Sector Credit Default Swap Index 58.96 +.67%
• Deutsche Bank Subordinated 5Y Credit Default Swap 164.4 -1.1%

• Emerging Markets Credit Default Swap Index 162.87 -.43%
  

• MBS 5/10 Treasury Spread 143.0 +3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 732.0 -1.0 basis point
  
• Avg. Auto ABS OAS .57 -2.0 basis points
  

• M2 Money Supply YoY % Change +.6% +90.0 basis points
  

• Commercial Paper Outstanding $1,279.8B +.1%

• 4-Week Moving Average of Jobless Claims 222,500 +1.1%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 50.3 -1.4%
  

• Average 30-Year Fixed Home Mortgage Rate 7.35% +2.0 basis points
  

• Weekly Mortgage Applications 190,300 -5.8%

• Weekly Retail Sales +6.0% +10.0 basis points
  
• OpenTable US Seated Diners % Change YoY n/a
  
• Box Office Weekly Gross $129.5M +.36%
  

• Nationwide Gas $3.56/gallon -.04/gallon

• Baltic Dry Index 1,801.0 +.28%
• Drewry World Container Freight Index $4,226.5/40 ft Box +3.79%
  

• China (Export) Containerized Freight Index 1,495.98 +7.69%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 40.0 -11.1%
  
• Truckstop.com Market Demand Index 61.2 -5.8%

• Rail Freight Carloads 267,488 +2.6%
• TSA Total Traveler Throughput 2,652,394 +9.2%
  

Best Performing Style

• Small-Cap Value +.7%
  

Worst Performing Style

•  Mid-Cap Growth -2.4%

Leading Sectors

• Alt Energy +4.6%

• Telecom +4.5%
• Retail +4.2%
  

• Networking +2.0%
  

• Oil Service +1.8%
  

Lagging Sectors

• Steel -2.3%
  

• Computer Services -4.1%
  

• Cybersecurity -4.5%

• Internet -4.9%
  

• Software -6.6%
  

Weekly High-Volume Stock Gainers (12)

• GPS, PENN, AMBA, CZR, USM, AMSC, VFC, ZIM, RARE, JWN, GDEN and COCO
  

Weekly High-Volume Stock Losers (21)

• TRMD, TIMB, GTLB, SNOW, NTNX, IMVT, CLS, COHR, PSTG, AMED, IOT, OWL, VRT, DDOG, PAYC, VEEV, MRVL, S, PHR, DELL and MDB
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change