Weekly Scoreboard*

S&P 500 2,642.22 +1.53%

The Weekly Wrap by Briefing.com.
 
Indices

• DJIA 24,231.59 +2.86%

• NASDAQ 6,847.69 -.60%

• Russell 2000 1,537.02 +1.18%

• S&P 500 High Beta 41.37 +1.77%

• Goldman 50 Most Shorted 137.86 +2.45%

• Wilshire 5000 27,375.90 +1.43%

• Russell 1000 Growth 1,337.32 +.35%

• Russell 1000 Value 1,900.91 +2.61%

• S&P 500 Consumer Staples 577.48 +2.37%

• Vanda Cyclicals-Defensives 1.4073 +1.19%
  

• NYSE Technology 1,687.75 -3.19%

• Transports 10,186.63 +5.89%

• Utilities 767.16 +1.07%

• Bloomberg European Bank/Financial Services 97.92 -.34%

• MSCI Emerging Markets 46.0 -2.31%

• HFRX Equity Hedge 1,255.29 +.25%

• HFRX Equity Market Neutral 1,010.22 -.48%

Sentiment/Internals

• NYSE Cumulative A/D Line 310,727 +.26%

• Bloomberg New Highs-Lows Index 955 +244

• Bloomberg Crude Oil % Bulls 18.18 -61.73%

• CFTC Oil Net Speculative Position 577,078 -3.25%

• CFTC Oil Total Open Interest 2,512,147 -4.39%

• Total Put/Call .77 -9.41%

• OEX Put/Call 1.24 -76.38%

• ISE Sentiment 110.0 -12.0%

• NYSE Arms .80 -25.23%

• Volatility(VIX) 11.43 +18.2%

• S&P 500 Implied Correlation n/a

• G7 Currency Volatility (VXY) 7.44 +2.9% 

• Emerging Markets Currency Volatility (EM-VXY) 7.92 +1.28%

• Smart Money Flow Index 20,582.35 +1.76%

• ICI Money Mkt Mutual Fund Assets $2.799 Trillion +2.2%

• ICI US Equity Weekly Net New Cash Flow -$5.211 Billion

• AAII % Bulls 36.0 +1.3%

• AAII % Bears 31.6 +9.0%

Futures Spot Prices

• CRB Index 190.69 -.80%

• Crude Oil 58.27 -1.24%

• Reformulated Gasoline 173.82 -2.25%

• Natural Gas 3.06 +8.31%

• Heating Oil 194.04 -.65%

• Gold 1,285.0 -.2%

• Bloomberg Base Metals Index 199.38 -2.78%

• Copper 309.55 -2.47%

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

• China Iron Ore Spot 70.11 USD/Ton +3.19%

• Lumber 436.70 +3.68%

• UBS-Bloomberg Agriculture 1,033.28 -.38%

Economy

• Atlanta Fed GDPNow Forecast +3.5% +10.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 2.6% unch.
  

• Philly Fed ADS Real-Time Business Conditions Index .4325 -5.38% 

• US Economic Policy Uncertainty Index 200.95 +87.5%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 144.39 +.53%

• Citi US Economic Surprise Index 60.1 +9.5 points

• Citi Eurozone Economic Surprise Index 70.30 -22.6 points

• Citi Emerging Markets Economic Surprise Index 1.8 -11.0 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 92.89 +.15%

• MSCI Emerging Markets Currency Index 1,647.95 +.01%

• Euro/Yen Carry Return Index 138.94 +.16%

• Yield Curve 58.50 -1.5 basis points
  

• 10-Year US Treasury Yield 2.36% +2.0 basis points

• Federal Reserve's Balance Sheet $4.398 Trillion -.3%

• U.S. Sovereign Debt Credit Default Swap 24.79 -.02%

• Illinois Municipal Debt Credit Default Swap 337.12 -.05%

• Western Europe Sovereign Debt Credit Default Swap Index 3.47 -5.45%

• Asia Pacific Sovereign Debt Credit Default Swap Index 13.78 -7.76%
  

• Emerging Markets Sovereign Debt CDS Index 45.81 -4.97%
  

• Israel Sovereign Debt Credit Default Swap 56.56 -.68%

• South Korea Sovereign Debt Credit Default Swap 58.08 -8.39%

• Russia Sovereign Debt Credit Default Swap 133.54 +1.96%

• iBoxx Offshore RMB China Corporate High Yield Index 145.60 -.04%

• 10-Year TIPS Spread 1.88% +1.0 basis point

• TED Spread 23.0 +2.75 basis points

• 2-Year Swap Spread 18.25 +1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -47.75  -2.5 basis points

• N. America Investment Grade Credit Default Swap Index 51.79 -.88%

• America Energy Sector High-Yield Credit Default Swap Index 371.0 +.31%

• European Financial Sector Credit Default Swap Index 47.15 -.99%
  

• Emerging Markets Credit Default Swap Index 181.13 -.43%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 160.0 +3.0 basis points
  

• M1 Money Supply $3.633 Trillion +.5%

• Commercial Paper Outstanding 1,042.80 +1.4%

• 4-Week Moving Average of Jobless Claims 242,250 +2,500

• Continuing Claims Unemployment Rate 1.4% unch.
  

• Average 30-Year Mortgage Rate 3.90% -2.0 basis points

• Weekly Mortgage Applications 390.0 -3.1%

• Bloomberg Consumer Comfort 51.6 -.1 point

• Weekly Retail Sales +3.50% +50.0 basis points

• Nationwide Gas $2.49/gallon -.03/gallon

• Baltic Dry Index 1,578 +8.23%

• China (Export) Containerized Freight Index 772.77 -1.58%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 -9.1%

• Rail Freight Carloads 233,276 -18.76%

Best Performing Style

• Large-Cap Value +2.3%

Worst Performing Style

• Small-Cap Growth -.1%

Leading Sectors

• Road & Rail +6.1%

• Banks +5.1%

• Oil Service +4.5%

• Retail +4.4%

• Healthcare Providers +4.0%

Lagging Sectors

• Computer Hardware -2.6% 

• Internet -2.6%

• Papers -2.6%

• Disk Drives -4.1%

• Semis -6.8%

Weekly High-Volume Stock Gainers (16)

• TLYS, HOME, SCMP, RGC, CUDA, TITN, MDP, TIME, THO, TCF, PDFS, BANC, BWLD, NUAN, BY and EEQ

Weekly High-Volume Stock Losers (11)

• ATNX, VNTR, BSX, RTEC, MEDP, GTN, WDAY, ADSK, FSCT, SQ and SGH

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Sharply Lower into Final Hour on Mueller Investigation Worries, Yen Strength, Profit-Taking, Tech/Transport Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Mixed
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 12.4 +10.3%

• Euro/Yen Carry Return Index 138.97 -.46%

• Emerging Markets Currency Volatility(VXY) 7.92 -.75%

• S&P 500 Implied Correlation n/a

• ISE Sentiment Index 115.0 +4.55%
  

• Total Put/Call .70 -16.67%

• NYSE Arms .69 -16.89%

Credit Investor Angst:

• North American Investment Grade CDS Index 52.74 +.84%
  

• America Energy Sector High-Yield CDS Index 370.0 -1.74%

• European Financial Sector CDS Index 46.95 +.13%

• Western Europe Sovereign Debt CDS Index 3.48 -.29%

• Asia Pacific Sovereign Debt CDS Index 13.79 +.04%

• Emerging Market CDS Index 181.07 -.06%
  

• iBoxx Offshore RMB China Corporate High Yield Index 145.60 unch.

• 2-Year Swap Spread 18.25 -.25 basis point

• TED Spread 23.5 +4.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -47.75 -.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 73.26 +.05%
• 3-Month T-Bill Yield 1.26% unch.
  

• Yield Curve 59.0 -3.75 basis points

• China Import Iron Ore Spot $70.11/Metric Tonne +2.91%

• Citi US Economic Surprise Index 60.10 +.7 point

• Citi Eurozone Economic Surprise Index 70.30 -1.0 basis points

• Citi Emerging Markets Economic Surprise Index 1.80 +.2 point

• 10-Year TIPS Spread 1.88 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 -160 open in Japan 
• China A50 Futures: Indicating -83 open in China

• DAX Futures: Indicating +81 open in Germany

Portfolio: 

• Lower: On losses in my tech/medical/retail sector longs

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 75% Net Long

Morning Market Internals

NYSE Composite Index:

• Volume Running +14.6% Above 100-Day Average
• 6 Sectors Rising, 4 Sectors Declining
• 54.1% of Issues Advancing, 42.3% Declining
• 115 New 52-Week Highs, 12 New Lows
• 62.2% of Issues Above 200-day Moving Average
• Average 14-Day RSI 52.6%
• Vix 11.2 -.44%
• Total Put/Call .66 -21.4%
• TRIN/Arms .56 -32.2%