Weekly Scoreboard*

S&P 500 6,139.9 +3.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 43,629.9 +3.7%

• NASDAQ 20,160.3 +3.9%

• Russell 2000 2,1761.7 +3.6%

• NYSE FANG+ 14,750.8 +5.7%

• Goldman 50 Most Shorted 196.2 +2.0%

• Wilshire 5000 60,724.1 +3.2%

• Russell 1000 Growth 4,215.9 +4.5%

• Russell 1000 Value 1,899.1 +2.3%

• S&P 500 Consumer Staples 890.8 +.3%

• Bloomberg Cyclicals/Defensives Index(Ex Telecom) 247.3 +2.2%
  

• NYSE Technology 6,172.1 +5.5%

• Transports 15,429.2 +4.7%

• Utilities 1,046.37 +1.2%

• Bloomberg European Bank/Financial Services 144.0 +2.5%
  

• MSCI Emerging Markets 48.06 +3.6%

• Credit Suisse AllHedge Long/Short Equity Index 224.8 +.01%

• Credit Suisse AllHedge Equity Market Neutral Index 124.9 -.36%

Sentiment/Internals

• NYSE Cumulative A/D Line 557,562 +.92%
• Nasdaq/NYSE Volume Ratio 11.6 +28.9%

• Bloomberg New Highs-Lows Index 919 +792

• Crude Oil Commercial Bullish % Net Position -20.4 unch.

• CFTC Oil Net Speculative Position 231,048 +20.4%

• CFTC Oil Total Open Interest 1,938,664  -3.9%

• Total Put/Call .77 -20.2%

• OEX Put/Call .73 -27.3%

• ISE Sentiment 139.0 -8.0

• NYSE Arms .79 -41.8%
  
• Bloomberg Global Risk-On/Risk-Off Index 74.9 +7.2%
• Bloomberg US Financial Conditions Index .45 +41.0 basis points
• Bloomberg European Financial Conditions Index 1.37 +19.0 basis points 
  

• Volatility(VIX) 17.1 -20.3%
• S&P 500 Intraday % Swing .60 -45.5%

• CBOE S&P 500 3M Implied Correlation Index 17.8 -25.5%

• G7 Currency Volatility (VXY) 7.96 -.9%
  

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

• Smart Money Flow Index 22,389.9 -1.9%
• NAAIM Exposure Index  81.4 -12.7

• ICI Money Mkt Mutual Fund Assets $7.023 Trillion +.11%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$11.742 Million

• AAII % Bulls 35.1 +5.7%

• AAII % Bears 40.3 -2.7%
• CNN Fear & Greed Index 65.0 (GREED) +8.0

Futures Spot Prices

• CRB Index 298.2 -5.2%

• Crude Oil 65.4/bbl. -12.9%

• Reformulated Gasoline 208.7 -10.9%

• Natural Gas 3.73 -4.3%
• Dutch TTF Nat Gas(European benchmark) 33.09 euros/megawatt-hour -19.2%
  

• Heating Oil 229.9 -9.7% 
• Newcastle Coal 106.2 (1,000/metric ton) -5.2%

• Gold 3,275.6 -2.7%
• Silver 36.0 +.3%
  

• S&P GSCI Industrial Metals Index 465.5 +2.3%

• Copper 506.5 +4.8%

• US No. 1 Heavy Melt Scrap Steel 342.0 USD/Metric Tonne unch.

• China Iron Ore Spot 94.4 USD/Metric Tonne +.43%
• China Battery Grade Lithium Carbonate 8,300.0 USD/metric tonne -.9%

• CME Lumber  628.5 +1.2%

• UBS-Bloomberg Agriculture 1,401.7 -1.7%
• US Gulf NOLA Potash Spot 336.0 USD/Short Ton +1.1%

Economy

• Atlanta Fed GDPNow Q2 Forecast +2.9% -.5 percentage point

• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 47.0 +7.3 percentage points

• NY Fed Real-Time Weekly Economic Index 2.37 +17.9%

• US Economic Policy Uncertainty Index 228.0 -8.0%
• Bloomberg Global Trade Policy Uncertainty Index 4.3 unch. 
  
• DOGE Total Taxpayer Dollars Saved $180.0 Billion($1,118.01 Savings Per Taxpayer) unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(17 of 500 reporting) +2.2% +.8 percentage point

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 280.17 +1.66:  Growth Rate +10.2% +.6 percentage point, P/E 21.9 +.4
• S&P 500 Current Year Estimated Profit Margin 13.27% +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 445.08 +11.74: Growth Rate +19.2% +3.2 percentage points, P/E 33.2 +.5

• Citi US Economic Surprise Index -10.3 +13.6 points

• Citi Eurozone Economic Surprise Index 26.7 -2.8 points

• Citi Emerging Markets Economic Surprise Index 31.1 +1.1 points

• Fed Fund Futures imply 18.6%(+4.1 percentage points) chance of -25.0 basis point cut to 4.0-4.25%, 81.4%(-4.1 percentage points) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 4.5-4.75% on 7/30

• US Dollar Index 97.47 -1.41%

• MSCI Emerging Markets Currency Index 1,849.98 +.79%
  

• Bitcoin/USD 106,564.5 +7.3%

• Euro/Yen Carry Return Index 190.50 +.68%
• Swiss Franc/Offshore Chinese Renminbi Cross 8.97 +2.1%

• Yield Curve(2s/10s) 53.5 +7.0 basis points
  

• 10-Year US Treasury Yield 4.28% -9.0 basis points

• Federal Reserve's Balance Sheet $6.615 Trillion -.29%
• Federal Reserve's Discount Window Usage $5.519 Billion +22.3%

• U.S. Sovereign Debt Credit Default Swap 43.62 -2.5%
  

• Illinois Municipal Debt Credit Default Swap 217.9 +3.2%
  

• Italian/German 10Y Yld Spread 88.0 -10.0 basis points
• UK Sovereign Debt Credit Default Swap 16.5 -3.8%

• China Sovereign Debt Credit Default Swap 51.25 -4.4%
  

• Brazil Sovereign Debt Credit Default Swap 152.3 -3.4%
  

• Israel Sovereign Debt Credit Default Swap 89.8 -18.7%

• South Korea Sovereign Debt Credit Default Swap 26.3 -5.3%

• China Corp. High-Yield Bond USD ETF(KHYB) 23.9 unch.
• China High-Yield Real Estate Total Return Index 121.15 +.89%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +3.9% unch.
• Zillow US All Homes Rent Index YoY +3.1% unch.
• 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 +2.68% +10.0 basis points: CPI YoY +2.64% +2.0 basis points
• 1-Year TIPS Spread 2.55 -15.0 basis points
• 10-Year TIPS Spread 2.31 -3.0 basis points

• Treasury Repo 3M T-Bill Spread -8.0 basis points -11.0 basis points 
  
• 2-Year SOFR Swap Spread -22.25 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap .25 +1.75 basis points

• N. America Investment Grade Credit Default Swap Index 52.7 -6.9%
  

• America Energy Sector High-Yield Credit Default Swap Index 218.0 +4.5% 
• Bloomberg TRACE # Distressed Bonds Traded 220.0 -6.0
  

• European Financial Sector Credit Default Swap Index 59.6 -5.6%
• Deutsche Bank Subordinated 5Y Credit Default Swap 133.6 -6.9%

• Emerging Markets Credit Default Swap Index 161.0 -4.8%
  

• MBS 5/10 Treasury Spread 147.0 -6.0 basis points
• Bloomberg CMBS Investment Grade Bbb Average OAS 599.0 -1.0 basis points
• Avg. Auto ABS OAS .55 -1.0 basis point

• M2 Money Supply YoY % Change +4.5% +10.0 basis points

• Commercial Paper Outstanding $1,468.5B -.3%

• 4-Week Moving Average of Jobless Claims 245,000 -.31%
  

• Continuing Claims Unemployment Rate 1.3% unch.
• Kastle Back-to-Work Barometer(entries in secured buildings) 53.5 -.47%
  

• Average 30-Year Fixed Home Mortgage Rate 6.86% -2.0 basis points

• Weekly Mortgage Applications 250,800 +1.1%

• Weekly Retail Sales +4.8% -.2 percentage point
• OpenTable US Seated Diners % Change YoY +13.0% -9.0 percentage points
• Box Office Weekly Gross $231.2M +43.5%

• Nationwide Gas $3.21/gallon -.01/gallon

• Baltic Dry Index 1,553.0 -8.1%
• Drewry World Container Freight Index $2,982.6/40 ft Box -9.0%
  

• China (Export) Containerized Freight Index 1,369.3 +2.0%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 35.0 -12.5%
• Truckstop.com Market Demand Index 62.8 -2.0%

• Rail Freight Carloads 257,673 -1.3%
• TSA Total Traveler Throughput 2,930,370 +15.1% 
• Rasmussen Reports Daily Presidential Approval Tacking Poll 51.0% -1.0 percentage point

Best Performing Style

• Large-Cap Growth +4.5%
  

Worst Performing Style

• Large-Cap Value +2.3%

Leading Sectors

• Electrification +10.4%

• Networking +8.9%
• Airlines +7.3%

• AI Innovation +6.8%
  

• Semis +6.2%
  

Lagging Sectors

• Shipping -.9%
  

• Gold & Silver -2.3%
  

• Energy -4.0%

• Oil Service -4.3%
  

• Education -5.4%
  

Weekly High-Volume Stock Gainers (44)

• WFF, MKE, MRC, SATS, KTOS, NEON, IREN, DNOW, POWL, JHX, PGY, UNFI, AEVA, TBPH, DKS, ARM, CAE, EXAS, SPIR, GEV, DAVE, G, APEI, BA,  EXAS, ENVA, GEV, CCL, HWM, RYI, CUK, BLCO, AS, SOFI, STLA, GTLS, RCL, VST, NRG, SLP, NX, M, GE, FLS, CPNG and FDX

Weekly High-Volume Stock Losers (6)

• KYMR, LZMH, PPTA, MP, USAR and CRMD

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change