| S&P 500 6,848.8 -.9% |
Weekly Market Wrap by Edward Jones.
Indices
- DJIA 48,845.7 -1.7%
- NASDAQ 22,603.7 -1.3%
- Russell 2000 2,617.5 -1.8%
- NYSE FANG+ 14,353.3 -.6%
- Goldman 50 Most Shorted 249.4 -.8%
- Vaneck Social Sentiment 30.3 -.4%
- Wilshire 5000 67,800.1 -.9%
- Russell 1000 Growth 4,511.6 -1.2%
- Russell 1000 Value 2,203.7 -.4%
- S&P 500 Consumer Staples 999.2 +2.2%
- Bloomberg Cyclicals/Defensives Index(Ex Telecom) 246.1 -2.4%
- NYSE Technology 7,021.1 -1.2%
- Transports 19,689.8 -.7%
- Utilities 1,187.5 +2.1%
- MSCI Europe Banks 120.8 +1.8%
- MSCI Emerging Markets 62.2 -.13%
- Credit Suisse AllHedge Long/Short Equity Index 255.5 +.2%
- Credit Suisse AllHedge Equity Market Neutral Index 133.6 +.1%
Sentiment/Internals
- NYSE Cumulative A/D Line 611,347 +.6%
- Nasdaq/NYSE Volume Ratio 11.4 +3.3%
- Bloomberg New Highs-Lows Index 792 +599
- Crude Oil Commercial Bullish % Net Position -17.5 -12.7%
- CFTC Oil Net Speculative Position 141,343 +20.0%
- CFTC Oil Total Open Interest 2,087,493 +.8%
- Total Put/Call .84 -7.8%
- OEX Put/Call .32 -61.0%
- ISE Sentiment 132.0 +25.5%
- NYSE Arms .90 -25.0%
- Bloomberg Global Risk-On/Risk-Off Index 98.1 -2.5%
- Bloomberg US Financial Conditions Index .61 +3.0 basis points
- Bloomberg European Financial Conditions Index 1.57 +8.0 basis points
- Volatility(VIX) 20.8 +9.6%
- S&P 500 Intraday % Swing .67 -47.4%
- CBOE S&P 500 3M Implied Correlation Index 16.0 +11.0%
- G7 Currency Volatility (VXY) 7.4 -3.5%
- Emerging Markets Currency Volatility (EM-VXY) 6.96 +.3%
- Smart Money Flow Index 19,821.6 -.1%
- NAAIM Exposure Index 74.9 -8.0
- ICI Money Mkt Mutual Fund Assets $7.797 Trillion +.1%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$5.418 Million
- AAII % Bulls 33.2 -3.8%
- AAII % Bears 39.8 +7.9%
- CNN Fear & Greed Index 42.0 (FEAR) unch.
Futures Spot Prices
- CRB Index 310.0 +.3%
- Crude Oil 67.2/bbl. +.5%
- Reformulated Gasoline 207.8 +3.9%
- Natural Gas 2.86 -6.6%
- US Power PJM Western Hub Peak Forward Y1 69.8 USD/Megawatt -.1%
- Dutch TTF Nat Gas(European benchmark) 32.0 euros/megawatt-hour +1.3%
- Heating Oil 267.1 +3.8%
- Newcastle Coal 116.5 (1,000/metric ton) -4.3%
- Gold 5,245.4 +2.4%
- Silver 93.0 +9.5%
- Bloomberg Industrial Metals Index 171.5 +1.5%
- Copper 598.8 +2.1%
- US No. 1 Heavy Melt Scrap Steel 376.0 USD/Metric Tonne -.5%
- China Iron Ore Spot 97.7 USD/Metric Tonne +2.0
% China Battery Grade Lithium Carbonate 21,275.0 USD/metric tonne n/a
- CME Lumber 559.0 -3.1%
- UBS-Bloomberg Agriculture 1,299.7 +.7%
- US Gulf NOLA Potash Spot 300.0 USD/Short Ton unch.
Economy
- Atlanta Fed GDPNow Q2 Forecast +3.0% -.1 percentage point
- US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 30.9 +.1 percentage point
- NY Fed Real-Time Weekly Economic Index 2.65 -8.3%
- US Economic Policy Uncertainty Index 312.1 -25.2%
- Bloomberg Global Trade Policy Uncertainty Index 4.3 +2.9
- DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
- S&P 500 Current Quarter EPS Growth Rate YoY(479 of 500 reporting) +14.6% +2.2 percentage points
- S&P 500 Blended Forward 12 Months Mean EPS Estimate 321.61 +1.95: Growth Rate +15.8% -2.9 percentage points, P/E 21.5 unch.
- S&P 500 Current Year Estimated Profit Margin 14.76% +2.3 percentage points
- NYSE FANG+ Current Quarter EPS Growth Rate YoY(8 of 10 reporting) +28.0% +8.9 percentage points
- NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 512.03 +6.06: Growth Rate +24.6% +1.5 percentage points, P/E 28.2 -.2
- Citi US Economic Surprise Index 31.9 +6.2 points
- Citi Eurozone Economic Surprise Index 19.6 -12.8 points
- Citi Emerging Markets Economic Surprise Index 36.7 +6.0 points
- Fed Fund Futures imply 5.9%(+2.4 percentage points) chance of -25.0 basis point cut to 3.25-3.5%, 94.1%(-2.4 percentage points) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 3.75-4.0% on 3/18/26
- US Dollar Index 97.6 -.1%
- MSCI Emerging Markets Currency Index 1,887.4 +.8%
- Bitcoin/USD 65,290 -3.0%
- Euro/Yen Carry Return Index 209.8 +1.0%
- Swiss Franc/Offshore Chinese Renminbi Cross 8.93 +1.5%
- Yield Curve(2s/10s) 57.75 +.25 basis points
- 10-Year US Treasury Yield 3.96% -12.0 basis points
- Japan 30-Year Yield 3.35% +1.0 basis point
- Federal Reserve's Balance Sheet $6.566 Trillion unch.
- Federal Reserve's Discount Window Usage $4.627 Billion -.7%
- U.S. Sovereign Debt Credit Default Swap 34.84 +3.7%
- Illinois Municipal Debt Credit Default Swap 186.9 +4.0%
- Italian/German 10Y Yld Spread 63.0 +3.0 basis points
- UK Sovereign Debt Credit Default Swap 15.75 -1.5%
- China Sovereign Debt Credit Default Swap 44.5 +4.0%
- Brazil Sovereign Debt Credit Default Swap 130.8 +2.9%
- Israel Sovereign Debt Credit Default Swap 86.8 +16.7%
- South Korea Sovereign Debt Credit Default Swap 24.5 +8.9%
- China Corp. High-Yield Bond USD ETF(KHYB) 24.64 -.77%
- China High-Yield Real Estate Total Return Index 120.97 +.74%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +3.8% +10.0 basis points
- Zillow US All Homes Rent Index YoY +1.9% unch.
- US Urban Consumers Food CPI YoY +2.9% unch.
- CPI Core Services Ex-Shelter YoY +2.8% unch.
- Cleveland Fed Inflation Nowcast Core PCE YoY +2.95% +11.0 basis points: CPI YoY +2.41% +2.0 basis points
- 1-Year TIPS Spread 3.84 +29.0 basis points
- 10-Year TIPS Spread 2.26 -3.0 basis points
- Treasury Repo 3M T-Bill Spread .75 -2.75 basis points
- 2-Year SOFR Swap Spread -17.25 +1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap .5 -2.0 basis points
- N. America Investment Grade Credit Default Swap Index 55.5 +7.9%
- BofA Private Credit Proxy Index 73.3 -4.4%
- America Energy Sector High-Yield Credit Default Swap Index 109.0 +2.8%
- High-Yield Tech Sector OAS Index 558.8 +8.7%
- Bloomberg TRACE # Distressed Bonds Traded 263.0 +51.0
- European Financial Sector Credit Default Swap Index 59.0 +8.4%
- Emerging Markets Credit Default Swap Index 134.1 +5.2%
- MBS 5/10 Treasury Spread 107.0 +4.0 basis points
- Bloomberg CMBS Investment Grade Bbb Average OAS 581.0 -1.0 basis point
- Avg. Auto ABS OAS .50 unch.
- M2 Money Supply YoY % Change +4.3% -30.0 basis points
- Commercial Paper Outstanding $1,406.7B +.2%
- 4-Week Moving Average of Jobless Claims 220,250 +.34%
- Continuing Claims Unemployment Rate 1.2% unch.
- Kastle Back-to-Work Barometer(entries in secured buildings) 55.3 -1.7%
- Average 30-Year Fixed Home Mortgage Rate 6.14% -6.0 basis points
- Weekly Mortgage Applications 340,200 +.4%
- Weekly Retail Sales +6.8% unch.
- OpenTable US Seated Diners % Change YoY +3.0% -12.0 percentage points
- Box Office Weekly Gross $166.9M +99.0%
- Nationwide Gas $2.98/gallon +.05/gallon
- Baltic Dry Index 2,117.0 +3.6%
- Drewry World Container Freight Index $1,898.5/40 ft Box -1.1%
- China (Export) Containerized Freight Index 1,044.6 -1.1%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 115.0 +35.3%
- Truckstop.com Market Demand Index 112.2 +6.2%
- Rail Freight Carloads 280,588 -1.6%
- TSA Total Traveler Throughput 2,647,330 +15.9%
- Rasmussen Reports Daily Presidential Approval Tacking Poll 45.0% -2.0 percentage points
Best Performing Style
- Mid-Cap Value -.3%
Worst Performing Style
- Small-Cap Value -2.2%
Leading Sectors
- Gold & Silver +7.5%
- Shipping +3.8%
- Utilities +2.1%
- Foods +2.1%
- Restaurants +1.8%
Lagging Sectors
- Alt Energy -4.3%
- Airlines -4.9%
- Computer Services -5.8%
- Banks -6.3%
- Regional Banks -7.8%
Weekly High-Volume Stock Gainers (52)
- AAOI, ARLO, FIGS, BWIN, PRAA, PSKY, DELL, RLAY, XYZ, XRAY, EVTC, NFLX, NEXA, BLFS, ARX, PNTG, DV, BTSG, USAU, NATL, CNK, FWONK, TMDX, ADSK, CAI, GSAT, DEC, AES, STRA, NWN, CGEM, GLOB, UTI, BVN, LII, YOU, SKWD, ECPG, CRGY, CPNG, MEG, ILMN, PENN, ROKU, DRD, OPRA, GEO and LYV
Weekly High-Volume Stock Losers (69)
- SARO, AMR, WDAY, FMNB, FDUS, NCDL, KNTK, TSLX, SAN, TDPG, BN, NPKI, VITL, RNST, MBC, CECO, C, WD, MGPI, FCN, OWL, MESO, FOXF, BMA, VNET, MC, AXP, GS, QURE, LNC, HTGC, ZION, KKR, NTRA, ROOT, SOFI, FOUR, KTOS, APO, UAL, JEF, WAL, INFQ, PACS, KEP, TPC, LASR, ODD, ZS, NBIS, SEDG, ESTC, BCO, ACA, AMPH, FLUT, DUOL, AMBA, CRI, PGNY, FIGR, WLDN, PAR, FLGT and RUN
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*5-Day Change
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