Weekly Scoreboard*

S&P 500 2,988.34 +1.25%

 























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,991.70 +1.47%

• NASDAQ 8,108.71 +1.58%

• Russell 2000 1,521.66 +134%

• S&P 500 High Beta 41.60 +2.19%

• Goldman 50 Most Shorted 147.02 +3.18%

• Wilshire 5000 30,517.70 +1.25%

• Russell 1000 Growth 1,625.96 +1.42%

• Russell 1000 Value 1,257.53 +1.01%

• S&P 500 Consumer Staples 627.37 -.4%

• MSCI Cyclicals-Defensives Spread 1,112.16 +.65%
  

• NYSE Technology 1,962.04 +1.79%

• Transports 10,352.91 +3.25%

• Utilities 870.70 -1.39%

• Bloomberg European Bank/Financial Services 72.47 +6.81%

• MSCI Emerging Markets 41.89 +1.81%

• HFRX Equity Hedge 1,235.32 -.20%

• HFRX Equity Market Neutral 955.81 +.22%

Sentiment/Internals

• NYSE Cumulative A/D Line 372,244 +.36%

• Bloomberg New Highs-Lows Index -304 +109

• Bloomberg Crude Oil % Bulls 33.3 -15.2%

• CFTC Oil Net Speculative Position 389,319 -8.21%

• CFTC Oil Total Open Interest 2,085,676 +1.84%

• Total Put/Call .97 -5.77%

• OEX Put/Call .34 -12.8%

• ISE Sentiment 102.0 +36.0%

• NYSE Arms .60 -32.61%

• Volatility(VIX) 15.65 -7.92%

• S&P 500 Implied Correlation 36.66 -12.76%

• G7 Currency Volatility (VXY) 6.61 -1.49%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.17 +2.0%

• Smart Money Flow Index 14,583.28 +1.35%

• ICI Money Mkt Mutual Fund Assets $3.470 Trillion +.2%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$11.768 Billion

• AAII % Bulls 20.3 -5.0%

• AAII % Bears 44.0 +11.5%

Futures Spot Prices

• CRB Index 173.49 -1.26%

• Crude Oil 54.82 +3.32%

• Reformulated Gasoline 164.10 +3.96%

• Natural Gas 2.22 -5.70%

• Heating Oil 195.67 +3.14%

• Gold 1,488.30 -1.45%

• Bloomberg Base Metals Index 176.43 +2.14%

• Copper 262.80 +2.40%

• US No. 1 Heavy Melt Scrap Steel 240.0 USD/Metric Tonne +2.13%

• China Iron Ore Spot 88.00 USD/Metric Tonne -.85%

• Lumber 369.0 +.90%

• UBS-Bloomberg Agriculture 867.0 +.91%

Economy

• Atlanta Fed GDPNow Forecast +1.72% -4.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 1.1% +30.0 basis points
• Bloomberg US Recession Probability Next 12 Months 35.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0049 +426.7%

• US Economic Policy Uncertainty Index 165.90 -13.4%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.27 -.07%

• Citi US Economic Surprise Index 15.30 -7.9 points

• Citi Eurozone Economic Surprise Index -78.10 -1.4 points

• Citi Emerging Markets Economic Surprise Index -17.90 -8.5 points

• Fed Fund Futures imply 36.5% chance of no change, 63.6% chance of rate cut on 10/30

• US Dollar Index 98.30 -.55%

• MSCI Emerging Markets Currency Index 1,615.50 +.03%

• Bitcoin/USD 8,325.57 +1.75%

• Euro/Yen Carry Return Index 124.38 +2.07%

• Yield Curve 13.0 +1.0 basis point
  

• 10-Year US Treasury Yield 1.74% +23.0 basis points

• Federal Reserve's Balance Sheet $3.911 Trillion +.12%

• U.S. Sovereign Debt Credit Default Swap 15.02 -2.6%

• Illinois Municipal Debt Credit Default Swap 184.18 -3.09%
  

• Italian/German 10Y Yld Spread 138.25 -3.5 basis points

• China Sovereign Debt Credit Default Swap 45.53 -7.13%
  

• Brazil Sovereign Debt Credit Default Swap 134.25 -2.84%
  

• Israel Sovereign Debt Credit Default Swap 56.07 -.71%

• South Korea Sovereign Debt Credit Default Swap 32.66 -2.94%

• Russia Sovereign Debt Credit Default Swap 87.05 -3.52%

• iBoxx Offshore RMB China Corporate High Yield Index 166.39 +.16%

• 10-Year TIPS Spread 1.57% +7.0 basis points

• TED Spread 33.0 -2.25 basis points

• 2-Year Swap Spread 5.5 +2.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -18.5 +7.25 basis points

• N. America Investment Grade Credit Default Swap Index 56.65 -6.51%
  

• America Energy Sector High-Yield Credit Default Swap Index 518.0 +4.05%

• European Financial Sector Credit Default Swap Index 61.82 -9.25%
  

• Emerging Markets Credit Default Swap Index 203.85 -2.64%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.923 Trillion +.59%

• Commercial Paper Outstanding 1,091.80 -.1%

• 4-Week Moving Average of Jobless Claims 213,750 +1,250

• Continuing Claims Unemployment Rate 1.1% unch.
  

• Average 30-Year Mortgage Rate 3.57% -8.0 basis points

• Weekly Mortgage Applications 582.50 +5.18%

• Bloomberg Consumer Comfort 62.7 +.7 point

• Weekly Retail Sales +5.70% unch.

• Nationwide Gas $2.64/gallon -.02/gallon

• Baltic Dry Index 1,929 +9.17%

• China (Export) Containerized Freight Index 783.15 -3.06%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 87.50 +94.4%

• Rail Freight Carloads 268,033 -3.89%

Best Performing Style

• Small-Cap Value +1.5%

Worst Performing Style

• Large-Cap Value +.9%

Leading Sectors

• Shipping +9.8%

• Paper +5.3%

• Oil Service +4.6%

• Steel +3.9%

• Airlines +3.6%

Lagging Sectors

• Insurance -.5% 

• Medical Equipment -.5%

• Foods -.8%

• Utilities -1.1%

• Gold & Silver -1.7%

Weekly High-Volume Stock Gainers (45)

• FAST, RETA, SAVE, DSSI, AAN, GWW, SFIX, BBBY, CTB, PHR, MC, MTOR, SAM, ABM, ROKU, SNBR, GIII, NUE, CAT, OLN, SF, SWK, LILA, WDAY, CRS, ITW, INSW, LILAK, ALGN, B, XLNX, CFR, CONN, EMR, EXPD, CBU, INN, KEM, VLY, VLO, AVYA, FB and BTU

Weekly High-Volume Stock Losers (3)

• IAA, ATNX and JELD

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on China Trade Deal Hopes, Diminished Brexit Pessimism, Less European/Emerging Market/US High-Yield Debt Angst, Tech/Retail Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Above Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 15.9 -9.6%

• Euro/Yen Carry Return Index 124.35 +.85%

• Emerging Markets Currency Volatility(VXY) 8.17 -.97%

• S&P 500 Implied Correlation 37.4 -11.5%

• ISE Sentiment Index 110.0 +11.1%
  

• Total Put/Call .96 -4.0%

• NYSE Arms .65 -7.1%

Credit Investor Angst:

• North American Investment Grade CDS Index 57.16 -5.22%
  

• America Energy Sector High-Yield CDS Index 516.0 -1.21%

• European Financial Sector CDS Index 61.03 -7.27%

• Italian/German 10Y Yld Spread 138.25 -4.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 74.97 -4.29%
  

• Emerging Market CDS Index 204.08 -2.67%
  

• iBoxx Offshore RMB China Corporate High Yield Index 166.39 +.03%

• 2-Year Swap Spread 5.50 +2.5  basis points

• TED Spread 33.0 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -18.0 +8.5 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.68 +.36%
• 3-Month T-Bill Yield 1.66% -1.0 basis point

• Yield Curve .13 +1.0 basis point

• China Iron Ore Spot 88.00 USD/Metric Tonne +3.1%

• Citi US Economic Surprise Index 15.30 +4.3 points

• Citi Eurozone Economic Surprise Index -78.1 +.9 point

• Citi Emerging Markets Economic Surprise Index -17.90 -5.3 points

• 10-Year TIPS Spread 1.57 +5.0 basis points
• 80.6% chance of Fed rate cut at Dec. 11th meeting, 93.7% chance of cut at Jan. 29th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +362 open in Japan 
• China A50 Futures: Indicating +94 open in China

• DAX Futures: Indicating -21 open in Germany

Portfolio:

• Higher: On gains in my tech/retail/industrial/medical/biotech sector longs

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 100% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +1.5%

Sector Underperformers:

• 1) Gold & Silver -2.7% 2) Utilities -.2% 3) Foods +.2%

Stocks Falling on Unusual Volume: 

• MTCH, GNRC, CRWD and RGLD

Stocks With Unusual Put Option Activity:

• 1) FXE 2) PLNT 3) TUR 4) FIZZ 5) MAT

Stocks With Most Negative News Mentions:

• 1) CRWD 2) FSLY 3) OSTK 4) FNMA 5) CGC

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume