Weekly Scoreboard*

S&P 500 5,970.3 -1.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 42,152.4 -1.8%

• NASDAQ 19,429.2 -1.1%

• Russell 2000 2,109.4 -1.4%

• NYSE FANG+ 14,072.4 -1.2%

• Goldman 50 Most Shorted 193.1 +.2%

• Wilshire 5000 58,901.6 -1.2%

• Russell 1000 Growth 4,068.7 -1.5%

• Russell 1000 Value 1,865.7 -.9%

• S&P 500 Consumer Staples 890.5 -1.4%

• Bloomberg Cyclicals/Defensives Index(Ex Telecom) 240.7 -.1%
  

• NYSE Technology 5,910.8 -1.0%

• Transports 14,728.2 -1.1%

• Utilities 1,037.8 -.4%

• Bloomberg European Bank/Financial Services 140.47 -.8%
  

• MSCI Emerging Markets 46.5 -2.9%

• Credit Suisse AllHedge Long/Short Equity Index 224.8 +2.1%

• Credit Suisse AllHedge Equity Market Neutral Index 125.4 +.3%

Sentiment/Internals

• NYSE Cumulative A/D Line 552,496 -.2%
• Nasdaq/NYSE Volume Ratio 9.0 -30.2%

• Bloomberg New Highs-Lows Index 127 -489

• Crude Oil Commercial Bullish % Net Position -20.4 -9.9%

• CFTC Oil Net Speculative Position 191,941 +14.3%

• CFTC Oil Total Open Interest 2,017,212 +.34%

• Total Put/Call .86 -5.56%

• OEX Put/Call 1.03 -.05%

• ISE Sentiment 147.0 +8.0

• NYSE Arms .79 -41.8%
  
• Bloomberg Global Risk-On/Risk-Off Index 69.9 +5.0%
• Bloomberg US Financial Conditions Index .04 -36.0 basis points
• Bloomberg European Financial Conditions Index 1.18 -1.0 basis point 
  

• Volatility(VIX) 24.0 +13.1%
• S&P 500 Intraday % Swing .99 -6.2%

• CBOE S&P 500 3M Implied Correlation Index 23.1 +16.6%

• G7 Currency Volatility (VXY) 8.57 -2.6%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.0 unch.

• Smart Money Flow Index 22,816.9 -.63%
• NAAIM Exposure Index  94.1 +11.4

• ICI Money Mkt Mutual Fund Assets $7.007 Trillion -.13%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$2.074 Million

• AAII % Bulls 33.2 -9.5%

• AAII % Bears 41.4 +23.2%
• CNN Fear & Greed Index 57.0 (GREED) -5.0

Futures Spot Prices

• CRB Index 314.4 +3.7%

• Crude Oil 75.50/bbl. +8.9%

• Reformulated Gasoline 232.3 +7.1%

• Natural Gas 3.85 +8.6%
• Dutch TTF Nat Gas(European benchmark) 40.9 euros/megawatt-hour +9.0%
  

• Heating Oil 256.3 +15.2% 
• Newcastle Coal 112.4 (1,000/metric ton) +2.1%

• Gold 3,367.6 -1.9%
• Silver 36.1 -.7%
  

• S&P GSCI Industrial Metals Index 454.9 +.2%

• Copper 483.5 -.1%

• US No. 1 Heavy Melt Scrap Steel 342.0 USD/Metric Tonne +1.8%

• China Iron Ore Spot 93.9 USD/Metric Tonne +.05%
• China Battery Grade Lithium Carbonate 8,650.0 USD/metric tonne unch.

• CME Lumber  618.0 -1.4%

• UBS-Bloomberg Agriculture 1,427.7 +.9%
• US Gulf NOLA Potash Spot 327.5 USD/Short Ton unch.

Economy

• Atlanta Fed GDPNow Q2 Forecast +3.4% -.4 percentage point

• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 39.7 -1.0 percentage point

• NY Fed Real-Time Weekly Economic Index 2.01 +3.6%

• US Economic Policy Uncertainty Index 308.9 -11.8%
• Bloomberg Global Trade Policy Uncertainty Index 4.3 -.7%
  
• DOGE Total Taxpayer Dollars Saved $180.0 Billion($1,118.01 Savings Per Taxpayer) unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(8 of 500 reporting) +1.4% n/a

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 278.51 +.72:  Growth Rate +9.6% +.3 percentage point, P/E 21.5 -.3
• S&P 500 Current Year Estimated Profit Margin 13.24% +3.0 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 433.34 +1.82: Growth Rate +16.0% +.4 percentage point, P/E 32.7 -.3

• Citi US Economic Surprise Index -23.9 -15.5 points

• Citi Eurozone Economic Surprise Index 29.5 +3.1 points

• Citi Emerging Markets Economic Surprise Index 30.0 -3.5 points

• Fed Fund Futures imply 16.5%(-6.5 percentage points) chance of -25.0 basis point cut to 4.0-4.25%, 83.5%(+6.6 percentage points) chance of no change, 0.0%(-.1 percentage point) chance of +25.0 basis point hike to 4.5-4.75% on 7/30

• US Dollar Index 98.7 +.8%

• MSCI Emerging Markets Currency Index 1,831.3 -.23%
  

• Bitcoin/USD 102,874.5 -1.9%

• Euro/Yen Carry Return Index 189.5 +1.2%
• Swiss Franc/Offshore Chinese Renminbi Cross 8.79 -.75%

• Yield Curve(2s/10s) 46.5 +.25 basis point
  

• 10-Year US Treasury Yield 4.37% -5.0 basis points

• Federal Reserve's Balance Sheet $6.630 Trillion unch.
• Federal Reserve's Discount Window Usage $3.067 Billion unch.

• U.S. Sovereign Debt Credit Default Swap 44.7 -5.4%
  

• Illinois Municipal Debt Credit Default Swap 211.3 -.12%
  

• Italian/German 10Y Yld Spread 98.0 +3.0 basis points
• UK Sovereign Debt Credit Default Swap 17.1 -2.4%

• China Sovereign Debt Credit Default Swap 53.5 +13.9%
  

• Brazil Sovereign Debt Credit Default Swap 157.5 +1.9%
  

• Israel Sovereign Debt Credit Default Swap 111.9 -8.9%

• South Korea Sovereign Debt Credit Default Swap 27.7 +1.6%

• China Corp. High-Yield Bond USD ETF(KHYB) 23.9 unch.
• China High-Yield Real Estate Total Return Index 120.35 -.03%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +3.9% unch.
• Zillow US All Homes Rent Index YoY +3.1% -20.0 basis points
• US Urban Consumers Food CPI YoY +2.9% unch.
• CPI Core Services Ex-Shelter YoY +3.1% unch.
• Cleveland Fed Inflation Nowcast Core PCE YoY +2.58% unch.: CPI YoY +2.62% +1.0 basis point
• 1-Year TIPS Spread 2.70 +9.0 basis points
• 10-Year TIPS Spread 2.34 +4.0 basis points

• Treasury Repo 3M T-Bill Spread 3.0 basis points -5.0 basis points 
  
• 2-Year SOFR Swap Spread -22.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -1.5 +1.25 basis points

• N. America Investment Grade Credit Default Swap Index 56.32 +.7%
  

• America Energy Sector High-Yield Credit Default Swap Index 209.0 +4.2% 
• Bloomberg TRACE # Distressed Bonds Traded 226.0 +5.0
  

• European Financial Sector Credit Default Swap Index 63.1 +1.6%
• Deutsche Bank Subordinated 5Y Credit Default Swap 143.7 +.7%

• Emerging Markets Credit Default Swap Index 169.9 +1.3%
  

• MBS 5/10 Treasury Spread 153.0 +4.0 basis points
• Bloomberg CMBS Investment Grade Bbb Average OAS 600.0 -4.0 basis points
• Avg. Auto ABS OAS .56 -1.0 basis point

• M2 Money Supply YoY % Change +4.4% unch.

• Commercial Paper Outstanding $1,470.7B unch.

• 4-Week Moving Average of Jobless Claims 245,500 +2.0%
  

• Continuing Claims Unemployment Rate 1.3% unch.
• Kastle Back-to-Work Barometer(entries in secured buildings) 53.7 -1.1%
  

• Average 30-Year Fixed Home Mortgage Rate 6.88% unch.

• Weekly Mortgage Applications 248,100 -2.6%

• Weekly Retail Sales +5.0% +.3 percentage point
• OpenTable US Seated Diners % Change YoY +22.0% +11.0 percentage points
• Box Office Weekly Gross $161.2M -22.3%

• Nationwide Gas $3.22/gallon +.09/gallon

• Baltic Dry Index 1,751.0 -11.0%
• Drewry World Container Freight Index $3,278.7/40 ft Box -7.5%
  

• China (Export) Containerized Freight Index 1,342.5 +8.0%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 40.0 +45.5%
• Truckstop.com Market Demand Index 64.1 -10.2%

• Rail Freight Carloads 260,959 +1.0%
• TSA Total Traveler Throughput 2,980,490 +18.5% 
• Rasmussen Reports Daily Presidential Approval Tacking Poll 52% -1.0 percentage point

Best Performing Style

• Mid-Cap Growth -.5%
  

Worst Performing Style

• Small-Cap Value -1.5%

Leading Sectors

• Social Media +2.8%

• Nuclear +2.2%
• Energy +2.0%

• Disk Drives +1.4%
  

• Banks +.9%
  

Lagging Sectors

• Homebuilding -3.3%
  

• Pharma -5.5%
  

• Airlines -5.8%

• Steel -8.5%
  

• Electrification -8.8%
  

Weekly High-Volume Stock Gainers (42)

• GRRR, BASE, GMS, CRCL, OSCR, AAOI, SMLR, ARQQ, BKSY, TSSI, GXO, ZETA, KR, LMND, LEU, PHH, NEON, QXO, CRWV, BATRK, IREN, KMX, RKLB, INOD, APG, WEN, GIII, RKT, BLD, GLXY, ASTS, URGN, COIN, HIMS, CCOI, RDFN, COOP, MDLZ, SKE and ACI

Weekly High-Volume Stock Losers (12)

• INFY, CTSH, KSPI, GWRE, SGRY, VERX, LASR, BRZE, HSTM, KBR, ACN and MESO

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change