Sunday, July 05, 2015

Weekly Outlook

Posted by Gary .....at 10:23 PM
Week Ahead by Bloomberg. 
Wall St. Week Ahead by Reuters.
Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly lower on Greek debt deal concerns, Fed rate hike worries, global growth fears, European/Emerging Markets/US High-Yield debt angst, China bubble-bursting worries and technical selling. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 25% net long heading into the week.
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Saturday, July 04, 2015

Today's Headlines

Posted by Gary .....at 8:40 PM
Bloomberg:  
  • Greeks Head to Polls Divided for Referendum to Chart New Course. Greeks are heading to the polls Sunday, evenly split on a referendum to chart a new course in their five-year economic crisis. “Come Monday, Greece won’t be facing just massive economic problems; it will be a deeply divided country,” said Nikos Marantzidis, a pollster and professor of political science at the University of Macedonia in northern Greece. “If the economic situation deteriorates further, which it probably will, the divide will only run deeper.” A poll commissioned by Bloomberg showed 43 percent of voters intend to reject the creditor proposals, while 42.5 percent will accept the conditions. The survey of 1,042 people conducted by the University of Macedonia had a margin of error of 3 percentage points. 
  • ECB Primes European Tranquilizer as Greece Faces Bank Chaos. The European Central Bank claims it can calm any regional market turmoil that follows Greece’s referendum on Sunday. Saving the country’s banking system will be harder. With two asset-buying programs, international swap lines, backstops for eastern Europe and cash tenders in place, the ECB has a wide range of tools at hand should bond yields surge or money markets freeze after the July 5 vote. That’s a possible outcome if voters reject the terms of a European Union-led bailout. Yet even if the Greek people back the EU offer, the nation’s lenders, which have been shut and under capital controls for the past week, won’t be able to reopen soon unless the ECB approves more liquidity. To do that, monetary-policy officials would have to take a leap of faith that the government will be able to strike a new deal.
Wall Street Journal:
  • Iran Nuclear Talks Appear to Advance. But senior diplomats stress elusive deal to end 10-year standoff is far from certain. Key elements of a nuclear agreement between Iran and world powers appeared to be falling into place on Saturday, just ahead of a July 7 deadline, according to officials involved in negotiations in Austria’s capital. Still, senior American and Iranian diplomats stressed an elusive deal to end a 10-year standoff over Iran’s nuclear program was far from certain.
  • Greek, German Tensions Turn to Open Resentment as Referendum Looms. Anti-German rhetoric from some Greek politicians is met by mounting frustration in Berlin. At newspaper kiosks in Greece, ahead of Sunday’s referendum, some front pages this week showed swastikas and the word “OXI”, Greek for “no.” On the streets of Athens, a poster showed German Finance Minister Wolfgang Schäuble with the words: “He’s been sucking your blood for five years. Now tell him NO.” In Germany, Greece’s most powerful creditor, the press have this week poured their own contempt and ridicule on Greek Prime Minister Alexis Tsipras, with epithets ranging
Telegraph:
Bild:
  • Schaeuble Says Tsipras Doesn't Want Reform Program. Greek govt doesn't want reform program given economic data, statements by Alexis Tsipras before and after election, German Finance Minister Wolfgang Schaeuble says in interview.
Caijing:
  • China Suspends New IPOs. Suspension was decided by a State. Suspension was decided by a State Council meeting and executed by the China Securities Regulatory Commission.
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Friday, July 03, 2015

Today's Headlines

Posted by Gary .....at 8:16 PM
Bloomberg:  
  • Tsipras Faces Off With Europe Over Austerity Before Sunday Vote. Greek and European leaders dug into their positions before the country’s referendum on Sunday, as polls showed the outcome is impossible to predict and what happens next even more uncertain. Officials from Berlin to Madrid reiterated that a “no” to the latest proposals by creditors would deepen Greece’s economic misery. Greek Prime Minister Alexis Tsipras told supporters in Athens that a “no” vote was the ticket out, as he appealed for a 30 percent cut in his nation’s debt.
  • Greeks Face German Parliament Hurdles Even If Vote Is ‘Yes’. Any future bailout program for Greece faces hurdles in Germany’s lower house of parliament even if Greeks ignore their government’s advice to reject a creditor offer in Sunday’s referendum and vote “yes,” German lawmakers said. Sentiment has soured among members of Chancellor Angela Merkel’s bloc since Prime Minister Alexis Tsipras took office and adopted a confrontational stance, said the lawmakers. Tsipras, or any possible successor, may struggle to get the Bundestag to even authorize Merkel to start negotiations on a third aid program, they said.
  • Schaeuble Popularity Soars as Germans Doubt Greece’s Euro Future. German Finance Minister Wolfgang Schaeuble scored his highest-ever approval rating in an ARD-DeutschlandTrend poll that identified a decline in public support for Greece remaining in the euro. Seventy percent of Germans said they were satisfied with Schaeuble’s work, placing him second on a list of Germany’s leading politicians above Chancellor Angela Merkel, who was in third slot with 67 percent, according to the poll conducted by Infratest Dimap released Friday. Foreign Minister Frank-Walter Steinmeier topped the list with 73 percent approval.
  • Euro Area Said to Weigh Push for Aid Deal Even If Greeks Vote No. Euro-area finance ministers may be ready to start work on a third bailout agreement for Greece after Sunday’s referendum, even if voters reject the bloc’s last aid proposal, according to two officials familiar with negotiations. A broad majority of finance chiefs have agreed to examine an official request from Greek Prime Minister Alexis Tsipras for aid from the European Stability Mechanism, the people said, asking not to be identified because the talks are confidential. That process could begin as soon as next week, one of them said.
  • The Other Contagion: What If Greece Thrived After Euro Exit? It is the scenario few talk of: What if Greece left the euro area and its economy thrived? The reason for the silence may be that it’s too ridiculous a concept to even consider. As the country’s referendum on austerity nears, economists are lining up to warn that quitting the euro and defaulting on its debts would make Greece an even bigger pariah in financial markets and push it toward a deeper depression with the bankruptcies, unemployment and social unrest that entails. Such pain, so the conventional wisdom goes, would scare the likes of Spain and Portugal into rededicating themselves to the German-branded austerity and economic reform that membership of the single currency demands. To some, a euro zone without Greece would be smaller yet possibly stronger. But economists at Oxford Economics Ltd. and Citigroup Inc. this week gave voice to the question of what would happen if Greece dusted itself down within a couple of years and rode a falling currency back to economic growth. That would challenge the theory that leaving the euro was economic suicide. And it could encourage other members to consider devaluation and default more appealing than life within the euro and so pose an even bigger threat to the currency bloc’s sustainability than if Greece stayed.
  • ECB Said to Extend Backstop to Bulgaria Amid Greek Fallout. The European Central Bank is set to extend a backstop facility to Bulgaria and is ready to assist other nations in the region to ward off contagion from Greece, according to people familiar with the situation. The ECB would provide access to its refinancing operations, offering euros to the banking system against eligible collateral, the people said, asking to remain anonymous because the matter is confidential. The ECB and the Bulgarian central bank declined to comment.
  • European Stocks Fall as German Bunds, Yen Rise Before Referendum. European stocks fell for a second day and German bonds gained as Greece called for a writedown on its debt and investors braced for a referendum this weekend. The yen and the Swiss franc strengthened. The Stoxx Europe 600 Index decreased 0.5 percent at 10:46 a.m. in New York. The yield on Germany’s 10-year bund fell five basis points to 0.79 percent. The yen and the franc climbed 0.3 percent against the dollar. Humana Inc. jumped in German trading as Aetna Inc. agreed to buy the company. Chinese shares capped their biggest three-week slide since 1992. Oil was set for its worst week since March. U.S. markets were shut for a holiday. Stocks extended declines in a week where more than $1.5 trillion was erased from the value of global equities after Greek Prime Minister Alexis Tsipras short-circuited bailout talks by calling a referendum. Tsipras said today that a 30 percent so-called haircut and a 20-year grace period was the only way the country’s debt could become sustainable. 
  • Europe Stocks Fall Most Since December. The Euro Stoxx 50 Index lost 5 percent in the week after Greek Prime Minister Alexis Tsipras announced a surprise referendum on creditors’ bailout demands. 
  • Seven-Day Plunge in Iron Ore Sinks Vale as Brazilian Stocks Fall. A seven-day selloff in iron ore sent Vale SA, the world’s largest producer of the commodity, to its worst week since January. The Ibovespa joined a slide in emerging-market stocks. Shares of Vale extended their weekly tumble to 8.8 percent as shipments of the steelmaking ingredient surged and data showed the slowdown in China’s steel industry deepened. The miner, whose top export market is the Asian nation, accounts for about 6 percent of Ibovespa’s weighting.
  • Iron Ore Routed on Jump in Cargoes as Citi, Goldman Get It Right. Iron ore capped the biggest weekly loss since April as shipments surged and data showed the slowdown in China’s steel industry deepened, vindicating banks from Goldman Sachs Group Inc. to Citigroup Inc. that had forecast declines. Ore with 62 percent content delivered to Qingdao lost 0.7 percent to $55.26 a dry metric ton on Friday, falling for a seventh day, according to Metal Bulletin Ltd. Prices lost 11 percent this week to the lowest level since April. Producers’ shares sank, with Rio Tinto Group dropping to the lowest since 2009 in London and Anglo American Plc falling to a 12-year low.
Wall Street Journal:
  • Regulators Warn Banks on Loans to Oil, Gas Producers. Move could limit ability of energy companies to obtain financing. U.S. regulators are sounding the alarm about banks’ exposure to oil-and-gas producers, a move that could limit their ability to lend to companies battered by a yearlong slump in prices. The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. are telling banks that a large number of loans they have issued to these companies are substandard, said people familiar with the matter, as they issue preliminary results of a joint national examination of major loan portfolios. The substandard designation indicates regulators doubt a borrower’s ability to repay or question the value of the assets that back a loan. The designation typically limits banks’ ability to extend additional credit to the borrowers.
  • Holiday Weekend Brings Worries of Islamic State Terror Attacks. U.S. Officials monitor potential suspects ahead of July 4; scare at Washington Navy Yard. Federal counterterrorism officials are on edge heading into the July 4 weekend, monitoring hundreds of potential suspects they fear could be contemplating attacks on behalf of Islamic State, officials said.
MarketWatch.com:
  • As China stocks sink, some accuse Morgan Stanley(MS), other foreign forces. The recent, drastic stock-market meltdown in China seems to have freaked out the country’s government and central bank, as their repeated efforts to stabilize the markets have failed, at least so far. And now, some segments of Chinese society are now raising the possibility that “evil” market forces going short to ruin the economy, and even suspecting investment “predators” of lurking behind the turmoil, with Morgan Stanley among the names mentioned.
Fox News:
ZeroHedge:
Reuters:
  • Greek FinMin Varoufakis says bail-in report "malicious rumour". Greek Finance Minister Yanis Varoufakis said on Friday a Financial Times report that Greece was making contingency plans for the possible bail-in of deposits was a "malicious rumour". Varoufakis made the comment on his Twitter account. The Financial Times said the contingency plans could include a 30 percent bail-in on deposits above 8,000 euros.
Financial Times:
  • Renzi threatened by political contagion from Greece. Beppe Grillo, the comedian and leader of Italy’s populist Five Star Movement, was so gleeful at Alexis Tsipras’s decision to call a bailout referendum last weekend that he quickly hatched plans to travel to Greece for the occasion. “Power to the people, not the banks,” Mr Grillo wrote on his blog as he announced he would be in Athens’ Syntagma Square on Sunday to cheer on the embattled Greek prime minister.
Telegraph:
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Friday Watch

Posted by Gary .....at 12:14 AM
Evening Headlines
Bloomberg:  
  • Greek Drama Won’t End With Vote as Polls Indicate a Tight Race. Germany and the rest of the euro region are bracing for more Greek political upheaval followed by tortuous negotiations even if the country votes for more austerity in Sunday’s referendum. There is no quick fix to the crisis because European Union rules make negotiations on financial aid difficult to re-start, according to an official in Chancellor Angela Merkel’s government. Adding to the murky landscape are polls showing the outcome of Sunday’s referendum on austerity too close to call.  
  • Greece Tugs at Euro’s Heartstrings Amid Economic Case for Exit. (video) Some economists don’t fear a Greek exit from the euro because they can count the costs. Most political leaders are petrified because they can’t. No one quite knows how a Grexit would be engineered, but the case for it runs like this: with 11 million people, Greece represents 3.2 percent of the population and 1.8 percent of the output of the 19-nation euro zone’s 10.1 trillion-euro ($11 trillion) economy.
  • China Stocks Plunge to Extend Biggest Three-Week Rout Since 1992. China’s Shanghai Composite Index headed for its steepest three-week decline since 1992 as government measures to shore up equities failed to stop margin traders from unwinding positions at a record pace. The benchmark stock gauge sank 7.1 percent to 3,635.03 at 10:26 a.m. The measure has tumbled 30 percent from its June 12 peak, helping wipe out at least $2.8 trillion of value. Eighty stocks fell for each that rose on the index Friday. China’s markets regulator said Thursday it will investigate and “strictly” punish manipulation. The China Securities & Regulatory Commission is examining recent short-selling activity for stock-index futures amid the slump, people with knowledge of the matter said. Regulators have made late-night announcements almost every day since the benchmark index entered a bear market this week. “For now, the mood is verging on panic, and it is extremely hard to calm a bear who is in a rage,” said Bernard Aw, a strategist at IG Asia Pte Ltd. in Singapore. “Chinese brokers may still be looking at reducing their risk exposure by closing more margin debt.” The outstanding balance of margin debt on the Shanghai Stock Exchange dropped for a ninth day on Thursday, sliding to 1.29 trillion yuan ($208 billion) in the longest losing streak since the city’s bourse began to compile the data on March 31, 2010. A five-fold surge in margin debt had helped propel the gauge up more than 150 percent in the 12 months through June 12. The Shanghai Composite has fallen 13 percent this week. The CSI 300 Index declined 7.4 percent Friday, while Hong Kong’s Hang Seng Chinese Enterprises Index slumped 1.6 percent and the Hang Seng Index dropped 0.6 percent.
  • Chinese Tycoons Lose $34 Billion in June. The worst monthly slump in Chinese stocks in two years wiped away more than $34 billion in combined net worth of the richest people in China and Hong Kong in June. Of those 45 wealthy people on the Bloomberg Billionaires Index, more than 80 percent lost money in June as the Shanghai Composite Index tumbled. “The fortunes of billionaires are closely tied to the rise and fall of stocks,” said Zhang Lu, a Shanghai-based analyst at Capital Securities Corp. “When the market is more unstable, like now, their fortunes go down.”
  • Good Idea at the Time: China Learns Cost of Relying on Stocks. It sounded like a good idea at the time: encourage growth in China’s stock market as a way for companies to raise capital. And if that paid down some of the nation’s record debt load in the process, so much the better. The problem: promoting a market where retail investors dominate daily trading left policy makers vulnerable to swings in sentiment that are tough to control. That’s a reality Premier Li Keqiang’s government faces now as it steps up efforts to stop the bleeding in China’s volatile equity market.
  • Dreams Collide With China Slowdown for Job-Seeking Graduates. Dang is among 7.5 million college graduates entering China’s job market this summer, the most ever and almost seven times the number in 2001. Their dreams are colliding with an economy growing at the slowest pace in a generation, adding pressure on policy makers to spur the employment-intensive services sector. “Every year it’s the most difficult job-seeking season for graduates in history, and the next year is even more difficult,” said Xiong Bingqi, deputy director of the 21st Century Education Research Institute, a Beijing-based think tank. “The services sector isn’t developed enough to create enough effective demand for college grads.” 
  • The Chinese Descend on Japan's Property Market, Pushing Prices Up. The trend has already hit Sydney, Vancouver and the U.S. Now it’s happening in Japan: busloads of real estate buyers from China coming in, buying up homes and pushing prices higher. Realty agencies in Beijing are organizing twice-monthly tours to Tokyo and Osaka, where 40 Chinese at a time come for three-day property-shopping trips, seeking safe places to invest their cash abroad. They’re being prompted by the yen’s decline to 22-year lows and excitement over the 2020 Tokyo Olympics driving up prices, as they did in Beijing in 2008. Property tours will soon start from Shanghai too. 
  • Asia Stocks Swing Before Greek Vote as Investors Weigh U.S. Jobs. Asian stocks fluctuated, with the regional benchmark gauge set for a weekly decline, as investors awaited Greece’s referendum and weighed U.S. jobs data. The MSCI Asia Pacific Index added 0.1 percent to 147.08 as of 9:20 a.m. in Tokyo after falling as much as 0.1 percent. The measure is headed for a 0.5 percent decline this week.
  • Shale Boom Shows Strength as Rigs Gain With Oil Under $60. For the first time in almost seven months, America’s shale drillers put rigs in oil fields back to work, and they’re doing it at a lower price. The last time they added rigs, crude futures were trading near $70 a barrel. Now, even after a rebound, they’re under $60. And yet drilling rigs rose in almost every major U.S. oil basin in the country this week, raising the total by 12, according to field-services company Baker Hughes Inc.
Wall Street Journal:
  • Europe’s Great Project Faces Its Biggest Challenge in Greek Bailout Referendum. The euro is EU’s crowning glory and the instrument that may most seriously challenge European unity. The great project that some hoped would eventually create a European superstate faces the biggest challenge of its 65-year history on Sunday, when Greeks vote in a referendum that could decide whether they crash out of the eurozone—and shift the continent’s destiny. The European Union, whose precursor brought the region’s nations together after World.
  • Hillary’s Email Story Unravels. Now that we know she edited the emails before turning them over, the entire record is suspect. Clinton scandals have a way of bumping and rolling along to a point where nobody can remember why there was any outrage to begin with. So in the interest of clarity, let’s take the latest news in the Hillary email escapade, and distill it into its basic pieces: • Nothing Mrs. Clinton has said so far on the subject is correct. The Democratic presidential aspirant on March 10 held a press conference pitched as her first and last word on the revelation that she’d used a private email server while secretary of state. She...
Fox News:
CNBC:
  • Greece latest: IMF fuels tensions with $66BN aid call. Stay tuned for more analysis on Greece as the country heads towards a referendum on Sunday, with tensions running even higher after an International Monetary Fund (IMF) report said the country needed 60 billion euros in additional aid. The IMF also said Greece would need comprehensive debt relief. The report sparked another defiant message from Prime Minister Alexis Tsipras, who used a television interview to urge Greeks to vote against the lenders' most recent offer.
NY Times:
  • White House Orders Review of Rules for Genetically Modified Crops. The Obama administration said on Thursday that it would update the way the government regulated genetically modified crops and some other biotechnology products, saying that the nearly 30-year-old system had become outdated and confusing and did not foster public confidence.
Reuters:
  • U.S. probe sees no links among black church fires in South. Federal law enforcement officials have found no links among any of several recent fires at African American churches in the U.S. South and have determined that two were started by natural causes and one was due to an electrical fire. "All of the fires remain under active investigation and federal law enforcement continues to work to determine the cause of all of the fires," Justice Department spokeswoman Melanie Newman said in a statement. "To date the investigations have not revealed any potential links between the fires."
    According to an opinion poll conducted for Efimerida ton Syntakton newspaper between Saturday and Tuesday, 54% of surveyed Greeks are planning to vote "no" with33% planning to vote "yes."
    The poll conducted by the ProRata institute also showed that 86% of those surveyed planned to vote on Sunday.
    - See more at: http://wbponline.com/Articles/View/49857/oxi-no-leads-in-polls-before-sunday-vote-in-greece#sthash.nuL4mSxl.dpuf
    'Oxi' (No) Leads in Polls Before Sunday Vote in Greece - See more at: http://wbponline.com/Articles/View/49857/oxi-no-leads-in-polls-before-sunday-vote-in-greece#sthash.nuL4mSxl.dpuf
The Straits Times:
  • China futures exchange temporarily suspends 19 accounts from short-selling: Sources. China Financial Futures Exchange (CFFEX) has suspended 19 accounts from short-selling for one month, sources with direct knowledge said on Friday. The move came after China's securities market regulator launched an investigation into suspected market manipulation, citing evidence from the CFFEX and stock exchanges. The stock market has slumped more than 20 per cent since mid-June.
Night Trading
  • Asian equity indices are -1.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 110.0 -1.0 basis point.
  • Asia Pacific Sovereign CDS Index 58.5 -.5 basis point.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures -.01%.
Morning Preview Links

BOTTOM LINE:  US equity markets are closed for Independence Day.
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Thursday, July 02, 2015

Market Week in Review

Posted by Gary .....at 7:35 PM
  • S&P 500 2,076.78 -1.21%*
photo xas_zps8bbtgyst.png

The Weekly Wrap by Briefing.com.

*5-Day Change
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Weekly Scoreboard*

Posted by Gary .....at 7:29 PM
Indices
  • S&P 500 2,076.78 -1.21%
  • DJIA 17,730.11 -.90%
  • NASDAQ 5,009.21 -2.01%
  • Russell 2000 1,248.26 -2.73%
  • S&P 500 High Beta 33.46 -2.79%
  • Goldman 50 Most Shorted 141.25 -4.99% 
  • Wilshire 5000 21,746.23 -1.37%
  • Russell 1000 Growth 998.99 -1.24%
  • Russell 1000 Value 1,015.02 -1.24%
  • S&P 500 Consumer Staples 494.86 -.37%
  • Solactive US Cyclical 131.46 -2.28%
  • Morgan Stanley Technology 1,015.18 -2.78%
  • Transports 8,122.50 -1.42%
  • Utilities 561.13 +1.55%
  • Bloomberg European Bank/Financial Services 117.12 -2.94%
  • MSCI Emerging Markets 40.01 -.55%
  • HFRX Equity Hedge 1,209.85 -1.69%
  • HFRX Equity Market Neutral 994.63 +.26%
Sentiment/Internals
  • NYSE Cumulative A/D Line 234,277 -.72%
  • Bloomberg New Highs-Lows Index -258 -438
  • Bloomberg Crude Oil % Bulls 21.21 +8.71%
  • CFTC Oil Net Speculative Position 327,433 +.09%
  • CFTC Oil Total Open Interest 1,650,025 -.12%
  • Total Put/Call 1.02 -5.56%
  • OEX Put/Call .38 -69.35%
  • ISE Sentiment 83.0 -7.78%
  • NYSE Arms 1.12 -10.40%
  • Volatility(VIX) 16.79 +19.84%
  • S&P 500 Implied Correlation 61.30 -.16%
  • G7 Currency Volatility (VXY) 9.81 +3.15%
  • Emerging Markets Currency Volatility (EM-VXY) 8.86 +2.67%
  • Smart Money Flow Index 16,846.51 -2.45%
  • ICI Money Mkt Mutual Fund Assets $2.615 Trillion +.5%
  • ICI US Equity Weekly Net New Cash Flow -$3.463 Billion
  • AAII % Bulls 22.6 -36.4%
  • AAII % Bears 35.1 +61.9%
Futures Spot Prices
  • CRB Index 224.55 +.09%
  • Crude Oil 56.58 -5.23%
  • Reformulated Gasoline 202.49 +.44%
  • Natural Gas 2.84 +2.94%
  • Heating Oil 183.34 -1.55%
  • Gold 1,165.0 -.79%
  • Bloomberg Base Metals Index 162.75 +.25%
  • Copper 263.10 -.68%
  • US No. 1 Heavy Melt Scrap Steel 249.33 USD/Ton unch.
  • China Iron Ore Spot 55.63 USD/Ton -10.3%
  • Lumber 285.70 -2.43%
  • UBS-Bloomberg Agriculture 1,166.91 +5.55%
Economy
  • ECRI Weekly Leading Economic Index Growth Rate 1.4% +20.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index -.1537 +3.63%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 125.62 +.12%
  • Citi US Economic Surprise Index -25.1 +5.5 points
  • Citi Eurozone Economic Surprise Index -4.4 -11.8 points
  • Citi Emerging Markets Economic Surprise Index -18.6 +2.3 points
  • Fed Fund Futures imply 54.0% chance of no change, 46.0% chance of 25 basis point cut on 7/29
  • US Dollar Index 96.11 +.94%
  • Euro/Yen Carry Return Index 142.55 -1.52%
  • Yield Curve 176.0 -1.0 basis point
  • 10-Year US Treasury Yield 2.38% -9.0 basis points
  • Federal Reserve's Balance Sheet $4.441 Trillion -.36%
  • U.S. Sovereign Debt Credit Default Swap 17.02 +4.14%
  • Illinois Municipal Debt Credit Default Swap 228.0 +5.35%
  • Western Europe Sovereign Debt Credit Default Swap Index 26.15 +14.89%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 59.11 +2.96%
  • Emerging Markets Sovereign Debt CDS Index 312.11 +2.83%
  • Israel Sovereign Debt Credit Default Swap 65.09 +.49%
  • Iraq Sovereign Debt Credit Default Swap 687.39 +4.67%
  • Russia Sovereign Debt Credit Default Swap 330.87 +1.09%
  • iBoxx Offshore RMB China Corporates High Yield Index 120.76 -.04%
  • 10-Year TIPS Spread 1.92% -2.0 basis points
  • TED Spread 27.25 -.75 basis point
  • 2-Year Swap Spread 26.0 +2.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap 20.75 -.25 basis point
  • N. America Investment Grade Credit Default Swap Index 68.19 +3.37%
  • America Energy Sector High-Yield Credit Default Swap Index 1,194.0 +11.0%
  • European Financial Sector Credit Default Swap Index 89.43 +15.9%
  • Emerging Markets Credit Default Swap Index 302.10 +.19%
  • CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 90.50 +2.0 basis points
  • M1 Money Supply $3.030 Trillion +1.01%
  • Commercial Paper Outstanding 952.30 -2.9%
  • 4-Week Moving Average of Jobless Claims 274,750 +1,000
  • Continuing Claims Unemployment Rate 1.7% unch.
  • Average 30-Year Mortgage Rate 4.08% +6 basis points
  • Weekly Mortgage Applications 366.50 -4.68%
  • Bloomberg Consumer Comfort 44.0 +1.4 points
  • Weekly Retail Sales +1.40% +10.0 basis points
  • Nationwide Gas $2.77/gallon -.01/gallon
  • Baltic Dry Index 794.0 -4.22%
  • China (Export) Containerized Freight Index 811.09 n/a
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.50 -13.33%
  • Rail Freight Carloads 275,564 -.49%
Best Performing Style
  • Large-Cap Value -1.4%
Worst Performing Style
  • Small-Cap Growth -3.0%
Leading Sectors
  • Gaming +3.3%
  • Hospitals +1.9%
  • Utilities +1.3%
  • Tobacco +1.3%
  • Agriculture +.6%
Lagging Sectors
  • Airlines -5.0% 
  • Steel -6.2%
  • Coal -6.3%
  • Alt Energy -6.6%
  • Disk Drives -6.9%
Weekly High-Volume Stock Gainers (37)
  • CB, BSET, LJPC, THC, ASMB, PRTO, CYH, CACC, LPNT, LPG, NNBR, HRTG, CFI, UHS, CHRS, IBP, HCA, AVAV, IPI, TRR, DERM, GRBK, MYRG, GNCA, JUNO, CBMG, PETX, NGHC, UBSI, CARA, ACHC, ED, XNCR, LNN, STRZA, CLGX and STL
Weekly High-Volume Stock Losers (60)
  • GEF, UE, PDVW, CY, LADR, CVTI, HYH, TDW, ATI, UIL, EVDY, FANG, KN, DWA, RYAM, SYY, SMTC, CBPX, CTL, SEMI, CXO, NSM, CNCE, CCC, COUP, ROVI, DV, VTAE, VCYT, VSAR, CRS, TECD, CBT, VICR, TW, TMST, NKTR, COLL, UNT, KATE, NVIV, RELY, TAL, SNX, CSII, IMDZ, APOG, PARR, ADRO, UPL, SPNC, HIFR, CREE, TUES, MU, LIFE, APOL, WRLD, AMBC and MEI
Weekly Charts
ETFs
Stocks
*5-Day Change
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