Weekly Scoreboard*

S&P 500 2,582.57 -.18%

  

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,426.80 -.45%

• NASDAQ 6,754.96 -.15%

• Russell 2000 1,477.48 -1.18%

• S&P 500 High Beta 40.13 -.51%

• Goldman 50 Most Shorted 130.0 -.09%

• Wilshire 5000 26,719.40 -.26%

• Russell 1000 Growth 1,314.09 +.07%

• Russell 1000 Value 1,173.15 -.48%

• S&P 500 Consumer Staples 559.04 +2.12%

• Vanda Cyclicals-Defensives 1.3772 -1.5%
  

• NYSE Technology 1,689.76 +.02%

• Transports 9,512.26 -2.5%

• Utilities 756.69 +.44%

• Bloomberg European Bank/Financial Services 99.50 -.64%

• MSCI Emerging Markets 46.41 +.23%

• HFRX Equity Hedge 1,246.86 -.1%

• HFRX Equity Market Neutral 1,013.08 +.1%

Sentiment/Internals

• NYSE Cumulative A/D Line 307,129 -.25%

• Bloomberg New Highs-Lows Index 56 -220

• Bloomberg Crude Oil % Bulls 33.33 -15.68%

• CFTC Oil Net Speculative Position 502,949 +12.56%

• CFTC Oil Total Open Interest 2,509,878 +5.82%

• Total Put/Call 1.17 +40.2%

• OEX Put/Call .81 -90.53%

• ISE Sentiment 76.0 -14.0%

• NYSE Arms .79 -25.26%

• Volatility(VIX) 10.81 +22.9%

• S&P 500 Implied Correlation 17.31 +29.07%

• G7 Currency Volatility (VXY) 7.18 +.14%

• Emerging Markets Currency Volatility (EM-VXY) 8.13 -.62%

• Smart Money Flow Index 20,111.76 +.33%

• ICI Money Mkt Mutual Fund Assets $2.740 Trillion +.39%

• ICI US Equity Weekly Net New Cash Flow -$5.670 Billion

• AAII % Bulls 45.1 unch.

• AAII % Bears 23.1 -19.2%

Futures Spot Prices

• CRB Index 191.65 +1.43%

• Crude Oil 56.79 +2.59%

• Reformulated Gasoline 181.46 +1.83%

• Natural Gas 3.22 +6.81%

• Heating Oil 193.48 +2.97%

• Gold 1,275.30 +.39%

• Bloomberg Base Metals Index 203.38 -1.43%

• Copper 307.50 -1.52%

• US No. 1 Heavy Melt Scrap Steel 258.33 USD/Metric Tonne unch.

• China Iron Ore Spot 62.60 USD/Ton +4.54%

• Lumber 458.30 +4.98%

• UBS-Bloomberg Agriculture 1,035.40 +1.25%

Economy

• Atlanta Fed GDPNow Forecast +3.3% unch.

• ECRI Weekly Leading Economic Index Growth Rate 3.2% unch.
  

• Philly Fed ADS Real-Time Business Conditions Index .1065 -8.34% 

• US Economic Policy Uncertainty Index 60.5 -50.4%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 143.38 +.17%

• Citi US Economic Surprise Index 38.5 -2.4 points

• Citi Eurozone Economic Surprise Index 58.90 +.2 point

• Citi Emerging Markets Economic Surprise Index 14.10 -4.2 points

• Fed Fund Futures imply 0.0% chance of no change, 100.0% chance of 25 basis point hike on 12/13

• US Dollar Index 94.40 -.5%

• MSCI Emerging Markets Currency Index 1,625.69 +.09%

• Euro/Yen Carry Return Index 138.04 -.12%

• Yield Curve 74.0 +2.0 basis points
  

• 10-Year US Treasury Yield 2.40% +6.0 basis points

• Federal Reserve's Balance Sheet $4.419 Trillion +.06%

• U.S. Sovereign Debt Credit Default Swap 24.78 unch.

• Illinois Municipal Debt Credit Default Swap 337.48 -.05%

• Western Europe Sovereign Debt Credit Default Swap Index 4.05 +4.06%

• Asia Pacific Sovereign Debt Credit Default Swap Index 16.07 +9.1%
  

• Emerging Markets Sovereign Debt CDS Index 52.35 +10.59%
  

• Israel Sovereign Debt Credit Default Swap 57.94 +19.72%

• South Korea Sovereign Debt Credit Default Swap 71.56 +4.5%

• Russia Sovereign Debt Credit Default Swap 139.95 +4.29%

• iBoxx Offshore RMB China Corporate High Yield Index 145.22 +.16%

• 10-Year TIPS Spread 1.91% +4.0 basis points

• TED Spread 18.75 -3.5 basis points

• 2-Year Swap Spread 20.25 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -47.75 -4.5 basis points

• N. America Investment Grade Credit Default Swap Index 55.81 +5.36%

• America Energy Sector High-Yield Credit Default Swap Index 363.0 -.83%

• European Financial Sector Credit Default Swap Index 52.08 +3.76%
  

• Emerging Markets Credit Default Swap Index 192.47 +6.25%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 153.0 +1.0 basis point
  

• M1 Money Supply $3.581 Trillion -1.2%

• Commercial Paper Outstanding 1,051.40 +.4%

• 4-Week Moving Average of Jobless Claims 231,250 -1,250

• Continuing Claims Unemployment Rate 1.4% +10.0 basis points
  

• Average 30-Year Mortgage Rate 3.90% -4.0 basis points

• Weekly Mortgage Applications 389.70 -.03%

• Bloomberg Consumer Comfort 51.5 -.2 point

• Weekly Retail Sales +2.6% -90.0 basis points

• Nationwide Gas $2.56/gallon +.o4/gallon

• Baltic Dry Index 1,481.0 +.34%

• China (Export) Containerized Freight Index 784.29 +.62%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.50 unch.

• Rail Freight Carloads 272,087 -4.03%

Best Performing Style

• Mid-Cap Value unch.

Worst Performing Style

• Small-Cap Value -1.2%

Leading Sectors

• Oil Service +4.9%

• Education +4.1%

• Gaming +3.5%

• Homebuilders +3.4%

• Disk Drives +2.6%

Lagging Sectors

• Road & Rail -1.9% 

• Defense -2.0%

• Biotech -2.1%

• Coal -2.8%

• Banks -3.7%

Weekly High-Volume Stock Gainers (46)

• SAGE, BRS, ROKU, BOOT, CRC, VRX, COLL, NKTR, PRAA, INGN, WRD, BAS, STAA, HAE, APEI, ANET, QCOM, WING, TNET, COHR, PODD, IVC, SYNA, CAVM, HRI, MAC, FOX, GGP, PLNT, CRCM, FOXA, HTGC, HLNE, PUMP, AAC, PSDO, RPD, EBIX, FND, CALD, CBS, SEAS, TTWO, TCO, GTT and CDEV

Weekly High-Volume Stock Losers (69)

• WNEB, SRCL, TCMD, CHUBA, MRC, MTD, KNX, ATI, ZBRA, PETQ, HUBS, CARS, BID, TWX, ANGI, CC, HSIC, CSOD, BKH, DERM, CSRA, NVRO, PEGA, TPIC, PCLN, HCI, ATUS, CISN, LOCO, AMC, NAVG, CADE, COKE, RETA, SUPN, AFSI, ALRM, SSP, GKOS, DATA, CFX, TWLO, SNAP, UEIC, AVAV, ACAD, CAR, SPKE, HMSY, AMBC, TSRO, TRIP, RMAX, QTNA, EGL, CNSL, SPTN, STMP, EVH, OMF, FNGN, VRTV, INCR, VYGR, RRGB, TVTY, TRUE, VSTO and FPRX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Afternoon on Tax Reform Worries,Rising Long-Term Rates, Profit-Taking, Medical Equipment/Commodity Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Modestly Higher
  

• Sector Performance: Mixed
  

• Volume: Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 11.07 +5.3%

• Euro/Yen Carry Return Index 138.03 +.25%

• Emerging Markets Currency Volatility(VXY) 8.13 +.87%

• S&P 500 Implied Correlation 18.21 +34.89%

• ISE Sentiment Index 69.0 +30.2%
  

• Total Put/Call 1.19 +8.2%

• NYSE Arms .82 +18.73%

Credit Investor Angst:

• North American Investment Grade CDS Index 56.09 +.64%
  

• America Energy Sector High-Yield CDS Index 363.0 +.11%

• European Financial Sector CDS Index 52.20 +.47%

• Western Europe Sovereign Debt CDS Index 4.05 -.49%

• Asia Pacific Sovereign Debt CDS Index 16.07 -.06%

• Emerging Market CDS Index 192.50 +.83%
  

• iBoxx Offshore RMB China Corporate High Yield Index 145.22 +.01%

• 2-Year Swap Spread 20.25 unch.

• TED Spread 18.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -47.75 -3.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 72.41 -.13%
• 3-Month T-Bill Yield 1.22% -1.0 basis point
  

• Yield Curve 74.5 +5.0 basis points

• China Import Iron Ore Spot $62.60/Metric Tonne +.45%

• Citi US Economic Surprise Index 38.50 -1.5 points

• Citi Eurozone Economic Surprise Index 58.90 -2.5 basis points

• Citi Emerging Markets Economic Surprise Index 14.10 -.8 point

• 10-Year TIPS Spread 1.91 unch.
  
• 100.0% chance of Fed rate hike at Jan. 31 meeting, 100.0% chance at March 21 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -171 open in Japan 
• China A50 Futures: Indicating +42 open in China

• DAX Futures: Indicating +2 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 100% Net Long