Saturday, March 28, 2026

Today's Headlines

Around X:

  • @IGSquawk 
  • @BarronsOnline
  • Had bullish commentary on (DG) and (UPS).
  • @C_3C_3
  • @Kathleen_Tyson_
  • @MarioNawfal
  • @MJTruthUltra
  • @ShadowofEzra
  • @TheSCIF
  • @Worldsource24
  • @TFTC21
  • @Jasper_Truth
  • @The_Real_Fly
  • @BGatesIsaPsycho
  • @KobeissiLetter
  • @SGTreport
  • @OcrazioCornPop
  • @Barchart
  • @DataRepublican
  • @DawnsMission
  • @visegrad24
  • @redpillb0t
  • @DisrespectedThe
  • @GreereMedeea
  • @JohnnyWhiskyTX
  • @DropSiteNews
  • @RedWavePress
  • Megyn Kelly on the Iran War: “As this thing goes south, we need to know exactly who talked [President Trump] into it and what representations were made to convince the president that this was a good idea. Who? Who specifically? The names we know are Bibi Netanyahu first and foremost. Lindsey Graham, equally to blame. We know from the Wall Street Journal report that Mark Thiessen of Fox News and General Jack Keane were major advocates of the war. Ok, I like those guys, but they appear to have been very wrong that this was a good idea.” “And we could keep going. Mark Levin, chief among them. He says now, ‘Oh, it wasn’t me.’ Every night, every night on Fox News out there urging the president to do this. And then he had a meeting with him in June, where we know, he denies it now, we know he pushed him for this.” “Ben Shapiro was out on his show every day pushing this war. Like, there were very prominent activists on the right who were practically frothing at the mouth for this thing. And now that it’s not only going poorly, but the president’s poll numbers are in a precipitous freefall, we’d love to see some accountability. Who? Who promised him what?” (video)
  • @AZ_Intel_
  • @Epsteinsearchin
  • @HustleBitch_
  • @wideawake_media
  • @Osinttechnical
  • @Mayhem4Markets
  • @shanaka86
  • JUST IN: Iran just threatened to cut the undersea internet cables running through the Strait of Hormuz and the Red Sea. Ninety-five to ninety-seven percent of global internet traffic does not travel by satellite. It travels through physical glass fibres buried one to two metres beneath the seabed. Your bank transfers. Your stock trades. Your cloud computing. The data flows connecting every financial market on earth to every other financial market. All of it runs through cables laid across the same shallow waters where the IRGC is currently operating a selective toll regime and collecting yuan for passage.
  • @MatrixMysteries
  • @ALBuffalo2nite
  • @merissahansen17
  • @WIONews
  • @PeterBernegger
OpenVAERS:  
SKirsch.com:

Friday, March 27, 2026

Weekly Scoreboard*

S&P 500 6,373.2 -5.7%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • DJIA 47,505.5 -5.0%
  • NASDAQ 20,940.9 -3.0%
  • Russell 2000 2,452.3 -3.3%
  • NYSE FANG+ 13,457.5 -5.1%
  • Goldman 50 Most Shorted 243.0 -2.2%
  • Vaneck Social Sentiment 27.8 -6.1%
  • Wilshire 5000 63,098.1 -1.7%
  • Russell 1000 Growth 4,162.5 -3.2%
  • Russell 1000 Value 2,070.6 -.4%
  • S&P 500 Consumer Staples 920.0 +1.4%
  • Bloomberg Cyclicals/Defensives Index(Ex Telecom) 246.6 -1.4%
  • NYSE Technology 6,561.5 -4.4%
  • Transports 18,197.9 +1.6%
  • Utilities 1,151.7 +2.9%
  • MSCI Europe Banks 105.7 -4.2%
  • MSCI Emerging Markets 55.3 -.9%
  • Credit Suisse AllHedge Long/Short Equity Index 251.3 -.2%
  • Credit Suisse AllHedge Equity Market Neutral Index 131.5 -.6%
Sentiment/Internals
  • NYSE Cumulative A/D Line 596,993 -.3%
  • Nasdaq/NYSE Volume Ratio 11.9 +3.2%
  • Bloomberg New Highs-Lows Index -402 -60
  • Crude Oil Commercial Bullish % Net Position -23.5 +6.4%
  • CFTC Oil Net Speculative Position 218,688 -4.1%
  • CFTC Oil Total Open Interest 2,081,576 +1.5%
  • Total Put/Call 1.01 -2.0%
  • OEX Put/Call .63 -79.7%
  • ISE Sentiment 115.0 -10.9%
  • NYSE Arms .74 +7.1%
  • Bloomberg Global Risk-On/Risk-Off Index 100.1 +3.1%
  • Bloomberg US Financial Conditions Index .27 -11.0 basis points
  • Bloomberg European Financial Conditions Index .85 -40.0 basis points
  • Volatility(VIX) 31.3 +15.7%
  • S&P 500 Intraday % Swing .70 -62.5%
  • CBOE S&P 500 3M Implied Correlation Index 34.2 +16.0%
  • G7 Currency Volatility (VXY) 8.70 +2.7%
  • Emerging Markets Currency Volatility (EM-VXY) 8.88 +.9%
  • Smart Money Flow Index 19,470.6 -4.9%
  • NAAIM Exposure Index  68.5 +8.3
  • ICI Money Mkt Mutual Fund Assets $7.803 Trillion -.7%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$6.501 Million
  • AAII % Bulls 32.1 +5.6%
  • AAII % Bears 49.8 -4.3%
  • CNN Fear & Greed Index 16.0 (EXTREME FEAR) -1.0
Futures Spot Prices
  • CRB Index 368.9 -.6%
  • Crude Oil 99.2/bbl. +8.7%
  • Reformulated Gasoline 324.1 +17.6%
  • Natural Gas 3.10 -.03%
  • US Power PJM Western Hub Peak Forward Y1 76.2 USD/Megawatt +.4% 
  • Dutch TTF Nat Gas(European benchmark) 54.2 euros/megawatt-hour +2.4%
  • Heating Oil 447.4 +2.5% 
  • Newcastle Coal 144.8 (1,000/metric ton) -1.2%
  • Gold 4,508.2 +.7%
  • Silver 69.88 +3.6%
  • Bloomberg Industrial Metals Index 164.8 +2.1%
  • Copper 547.6 +3.4%
  • US No. 1 Heavy Melt Scrap Steel 391.0 USD/Metric Tonne +2.9%
  • China Iron Ore Spot 107.0 USD/Metric Tonne -.1%
  • China Battery Grade Lithium Carbonate 22,850.0 USD/metric tonne -3.3%
  • inSpectrum Tech Inc. DRAM Spot DDR4 16Gb 2048Mx8 67.0 -.9%  
  • CME Lumber 596.0 -2.5%
  • UBS-Bloomberg Agriculture 1,380.5 +.3%
  • US Gulf NOLA Potash Spot 305.0 USD/Short Ton unch.
  • US Gulf NOLA Urea Granular Spot 687.5 USD/Short Ton +4.2% 
Economy
  • Atlanta Fed GDPNow Q1 Forecast +2.0% -.3 percentage point
  • US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 16.7 -1.8 percentage points
  • NY Fed Real-Time Weekly Economic Index 2.9 +8.8%
  • Caldara Iacoviello Geopolitical Risk Index 335.2 +34.7% 
  • Global Monitor Iran Instability Index 100.0 unch.
  • Strait of Hormuz Oil Tanker Traffic Curtailed 95.0% unch.
  • US Economic Policy Uncertainty Index 654.1 +30.0%
  • Bloomberg Global Trade Policy Uncertainty Index .7 -.3
  • DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
  • S&P 500 Current Quarter EPS Growth Rate YoY(12 of 500 reporting) +96.5% -7.1 percentage points
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 334.79 +2.36:  Growth Rate +20.6% +.9 percentage point, P/E 19.4 -.5
  • S&P 500 Current Year Estimated Profit Margin 15.07% +10.0 basis points
  • NYSE FANG+(added MU, eliminated CRWD) Current Quarter EPS Growth Rate YoY(1 of 10 reporting) +690.0% unch.
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 788.35 +n/a: Growth Rate +98.1% +n/a percentage points, P/E 17.4 -n/a
  • Citi US Economic Surprise Index 22.1 -6.1 points
  • Citi Eurozone Economic Surprise Index -3.9 +4.1 points
  • Citi Emerging Markets Economic Surprise Index 47.2 -5.8 points
  • Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 3.25-3.5%, 95.9%(+7.3 percentage points) chance of no change, 4.1%(-8.3 percentage points) chance of +25.0 basis point hike to 3.75-4.0% on 4/29
  • US Dollar Index 100.2 +.7%
  • MSCI Emerging Markets Currency Index 1,841.7 +.1%
  • Bitcoin/USD 65,773.4 -3.6%
  • Euro/Yen Carry Return Index 210.1 +.2%
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.67 -1.1%
  • Yield Curve(2s/10s) 52.25 +3.0 basis points
  • 10-Year US Treasury Yield 4.43% +5.0 basis points
  • Japan 30-Year Yield 3.72% +18.0 basis points
  • Federal Reserve's Balance Sheet $6.610 Trillion +.02%
  • Federal Reserve's Discount Window Usage $5.178 Billion +5.6%
  • U.S. Sovereign Debt Credit Default Swap 41.7 +1.7%
  • Illinois Municipal Debt Credit Default Swap 215.6 +3.0%
  • Italian/German 10Y Yld Spread 96.0 +5.0 basis points
  • UK Sovereign Debt Credit Default Swap 21.7 +4.1%
  • China Sovereign Debt Credit Default Swap 53.6 +2.4%
  • Brazil Sovereign Debt Credit Default Swap 142.1 -2.3%
  • Israel Sovereign Debt Credit Default Swap 79.9 -5.2%
  • Dubai Sovereign Debt Credit Default Swap 92.1 +3.8%
  • South Korea Sovereign Debt Credit Default Swap 35.2 +5.1%
  • China Corp. High-Yield Bond USD ETF(KHYB) 23.85 unch.
  • China High-Yield Real Estate Total Return Index 112.89 -.01%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +3.7% unch.
  • Zillow US All Homes Rent Index YoY +1.8% unch.
  • US Urban Consumers Food CPI YoY +3.1% unch.
  • CPI Core Services Ex-Shelter YoY +2.9% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +2.83% unch.: CPI YoY +3.16% +14.0 basis points
  • 1-Year TIPS Spread 5.19 -13.0 basis points
  • 10-Year TIPS Spread 2.32 -7.0 basis points
  • Treasury Repo 3M T-Bill Spread 5.75 -4.25 basis points
  • 2-Year SOFR Swap Spread -18.75 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.75 -.75 basis point
  • N. America Investment Grade Credit Default Swap Index 67.1 +1.3% 
  • BofA Private Credit Proxy Index 69.4 -1.1%
  • America Energy Sector High-Yield Credit Default Swap Index 168.0 +36.6%
  • High-Yield Tech Sector OAS Index 566.75 +6.5% 
  • Bloomberg TRACE # Distressed Bonds Traded 256.0 -3.0 
  • European Financial Sector Credit Default Swap Index 80.3 +3.4%
  • Emerging Markets Credit Default Swap Index 199.4 -1.4%
  • MBS 5/10 Treasury Spread 129.0 +5.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 586.0 +1.0 basis point
  • Avg. Auto ABS OAS .52 +1.0 basis point
  • M2 Money Supply YoY % Change +4.9% +60.0 basis points
  • Commercial Paper Outstanding $1,362.5B -2.4%
  • 4-Week Moving Average of Jobless Claims 210,500 -.1%
  • Continuing Claims Unemployment Rate 1.2% unch.
  • Kastle Back-to-Work Barometer(entries in secured buildings) 54.0 -3.4%
  • Average 30-Year Fixed Home Mortgage Rate 6.38% +3.0 basis points
  • Weekly Mortgage Applications 310,700 -10.5%
  • Weekly Retail Sales +6.5% +20.0 basis points
  • OpenTable US Seated Diners % Change YoY +7.0% -4.0 percentage points
  • Box Office Weekly Gross $127.8M +2.2%
  • Nationwide Gas $3.98/gallon +.07/gallon
  • Baltic Dry Index 2,014.0 -2.0%
  • Drewry World Container Freight Index $2,279.2/40 ft Box +4.9%
  • China (Export) Containerized Freight Index 1,120.6 +4.5%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 245.0 -24.6%
  • Truckstop.com Market Demand Index 133.7 +1.6%
  • Rail Freight Carloads 274,669 -2.1%
  • TSA Total Traveler Throughput 2,723,798 +9.0% 
  • US Morning Consult Daily Consume Sentiment Index 91.2 +.5
  • Rasmussen Reports Daily Presidential Approval Tacking Poll 44.0% -1.0 percentage point
Best Performing Style
  • Small-Cap Value +1.9%
Worst Performing Style
  • Large-Cap Growth -3.3%
Leading Sectors
  • Oil Service +8.0%
  • Gold & Silver +6.6%
  • Energy +6.2%
  • Agriculture +3.2%
  • Steel +3.1%
Lagging Sectors
  • Gambling -3.8%
  • Restaurants -4.2%
  • Internet -4.8%
  • Cyber Security -5.5%
  • Software -7.3%
Weekly High-Volume Stock Gainers (26)
  • AGX, OXM, MEOH, ETR, SGML, U, SQM, IPI, GSAT, IPX, BF/B, MRX, WBI, CPB, INR, WPM, EQX, BTU, AZN, YPF, AGRO, WDS, TRIP and CAG
Weekly High-Volume Stock Losers (49)
  • SGI, ISSC, SMTC, DOCU, PUK, FTNT, UPWK, XP, C, COLD, LULU, NEWT, META, KLAR, RRR, PL, HOOD, QDEL, BMNR, MDA, CNXC, VTS, VPG, DOCN, QLYS, CAMT, WGS, ABVX, S, CRWD, WS, PANW, DNLI, EQH, MAZE, CRBG, KNF, ZETA, OUST, UMAC, FIG, TENB, ADPT, ANAB, YOU, INOD, WYFI, BKSY and ZBIO
ETFs
Stocks
*5-Day Change



Stocks Falling Substantially into Afternoon on Escalating Mideast Infrastructure Attacks, Global Supply Chain Disruption Fears, Growing Japanese Debt Crisis Worries, Tech/Biotech Sector Weakness

Overseas Futures:

  • Nikkei 225 Futures: Indicating -1,920 open in Japan 
  • China A50 Futures: Indicating -120 open in China
  • DAX Futures: Indicating +150 open in Germany
Portfolio:
  • Slightly Higher: On gains in my index hedges and emerging market shorts
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to Market Neutral

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:
  • (FRMI)/-.01
After the Close: 
  • (PHR)/.06
  • (PRGS)/1.57 
Economic Releases 

10:30 am EST

  • The Dallas Fed Manufacturing Activity Index for March. 

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking could also impact global trading on Monday.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST