Weekly Scoreboard*

S&P 500 Index 2,678.28 +1.0%

   
The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,675.40 +1.42%

• NASDAQ 6,939.70 +1.44%

• Russell 2000 1,535.73 +.88%

• S&P 500 High Beta 42.07 +.41%

• Goldman 50 Most Shorted 140.86 +1.32%

• Wilshire 5000 27,688.90 +.94%

• Russell 1000 Growth 1,357.86 +1.18%

• Russell 1000 Value 1,219.40 +.69%

• S&P 500 Consumer Staples 588.61 +1.31%

• Vanda Cyclicals-Defensives 1.4194 +1.20%
  

• NYSE Technology 1,717.68 +1.73%

• Transports 10,421.45 +.24%

• Utilities 755.18 -.30%

• Bloomberg European Bank/Financial Services 99.86 -.79%

• MSCI Emerging Markets 46.08 +.74%

• HFRX Equity Hedge 1,252.57 -.22%

• HFRX Equity Market Neutral 1,005.20 -.47%

Sentiment/Internals

• NYSE Cumulative A/D Line 310,124 -.04%

• Bloomberg New Highs-Lows Index 155 +164

• Bloomberg Crude Oil % Bulls 37.8 +31.0%

• CFTC Oil Net Speculative Position 611,128 +.21%

• CFTC Oil Total Open Interest 2,554,224 +2.62%

• Total Put/Call 1.06 +15.79%

• OEX Put/Call 1.66 -32.65%

• ISE Sentiment 69.0 -33.33%

• NYSE Arms .70 +26.92%

• Volatility(VIX) 9.44 -1.25%

• S&P 500 Implied Correlation 36.42 +2.37%

• G7 Currency Volatility (VXY) 7.04 -6.17% 

• Emerging Markets Currency Volatility (EM-VXY) 7.59 -3.77%

• Smart Money Flow Index 20,224.15 -.24%

• ICI Money Mkt Mutual Fund Assets $2.841 Trillion +1.20%

• ICI US Equity Weekly Net New Cash Flow -$9.284 Billion

• AAII % Bulls 45.0 +22.0%

• AAII % Bears 28.1 -17.8%

Futures Spot Prices

• CRB Index 184.50 -.35%

• Crude Oil 57.29 -.16%

• Reformulated Gasoline 166.44 -2.68%

• Natural Gas 2.59 -6.38%

• Heating Oil 191.0 -1.30%

• Gold 1,257.40 +.58%

• Bloomberg Base Metals Index 198.85 +2.51%

• Copper 313.25 +4.98%

• US No. 1 Heavy Melt Scrap Steel 264.66 USD/Metric Tonne -2.45%

• China Iron Ore Spot 515.50 CNY/100 Metric Tonnes +4.99%

• Lumber 432.0 +.84%

• UBS-Bloomberg Agriculture 986.69 -1.69%

Economy

• Atlanta Fed GDPNow Forecast +3.3% +40.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 3.5% +60.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .2959 -3.36% 

• US Economic Policy Uncertainty Index 80.45 -10.44%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 145.03 +.28%

• Citi US Economic Surprise Index 72.2 +7.0 points

• Citi Eurozone Economic Surprise Index 70.30 +10.2 points

• Citi Emerging Markets Economic Surprise Index .5 -8.2 points

• Fed Fund Futures imply 86.0% chance of no change, 14.0% chance of 25 basis point hike on 1/31

• US Dollar Index 93.94 -.08%

• MSCI Emerging Markets Currency Index 1,648.13 +.28%

• Bitcoin/USD 17,667.40 +12.9%

• Euro/Yen Carry Return Index 138.04 -.71%

• Yield Curve 52.25 -6.25 basis points
  

• 10-Year US Treasury Yield 2.37% -1.0 basis point

• Federal Reserve's Balance Sheet $4.413 Trillion +.36%

• U.S. Sovereign Debt Credit Default Swap 23.76 unch.

• Illinois Municipal Debt Credit Default Swap 252.13 -25.13%

• Western Europe Sovereign Debt Credit Default Swap Index 3.34 -3.05%

• Asia Pacific Sovereign Debt Credit Default Swap Index 13.65 -4.08%
  

• Emerging Markets Sovereign Debt CDS Index 39.83 -7.49%
  

• Israel Sovereign Debt Credit Default Swap 58.84 +1.08%

• South Korea Sovereign Debt Credit Default Swap 55.0 -4.08%

• Russia Sovereign Debt Credit Default Swap 125.45 -4.31%

• iBoxx Offshore RMB China Corporate High Yield Index 145.60 -.20%

• 10-Year TIPS Spread 1.89% -1.0 basis point

• TED Spread 28.75 +2.75 basis points

• 2-Year Swap Spread 18.25 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -60.75  -13.0 basis points

• N. America Investment Grade Credit Default Swap Index 50.43 -1.31%

• America Energy Sector High-Yield Credit Default Swap Index 379.0 +1.41%

• European Financial Sector Credit Default Swap Index 46.95 +2.20%
  

• Emerging Markets Credit Default Swap Index 126.12 -28.41%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 161.0 +1.0 basis point
  

• M1 Money Supply $3.659 Trillion +.56%

• Commercial Paper Outstanding 1,049.80 -.3%

• 4-Week Moving Average of Jobless Claims 234,750 -6,750

• Continuing Claims Unemployment Rate 1.3% -10.0 basis points
  

• Average 30-Year Mortgage Rate 3.93% -1.0 basis point

• Weekly Mortgage Applications 398.80 -2.33%

• Bloomberg Consumer Comfort 51.3 -1.0 point

• Weekly Retail Sales +3.20% +20.0 basis points

• Nationwide Gas $2.45/gallon -.02/gallon

• Baltic Dry Index 1,668.0 -2.0%

• China (Export) Containerized Freight Index 764.43 +.17%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 unch.

• Rail Freight Carloads 292,793 +.12%

Best Performing Style

• Large-Cap Growth +1.0%

Worst Performing Style

• Mid-Cap Value -.1%

Leading Sectors

• Gold & Silver +4.3%

• Social Media +1.9%

• Software +1.7%

• Computer Hardware +1.7%

• Internet +1.6%

Lagging Sectors

• Utilities -.5% 

• Homebuilders -.8%

• Robotics -.8%

• Road & Rail -.9%

• Retail -1.3%

Weekly High-Volume Stock Gainers (21)

• SIEB, FNSR, CLXT, LNCE, KMG, CUTR, NX, NDSN, GLYC, VRX, GHDX, GNK, PRO, EGOV, BLUE, CLDR, ATNX, ATRA, MDB, BPMC and RPXC

Weekly High-Volume Stock Losers (16)

• IRM, MCB, COO, UTL, CGBD, GBT, AOBC, OKTA, PRTY, ABM, CASY, BRS, JOUT, JUNO, LJPC and ONCE

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 Tax Reform Hopes, Economic Optimism, Earnings Outlooks, Retail/Financial Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Heavy

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 9.37 -10.68%

• Euro/Yen Carry Return Index 138.03 +.05%

• Emerging Markets Currency Volatility(VXY) 7.59 -.91%

• S&P 500 Implied Correlation 36.56 -1.62%

• ISE Sentiment Index 69.0 -34.91%
  

• Total Put/Call 1.06 +32.50%

• NYSE Arms .65 -51.96%

Credit Investor Angst:

• North American Investment Grade CDS Index 50.30 -.85%
  

• America Energy Sector High-Yield CDS Index 378.0 -.06%

• European Financial Sector CDS Index 47.06 +.2%

• Western Europe Sovereign Debt CDS Index 3.33 unch.

• Asia Pacific Sovereign Debt CDS Index 13.60 -1.73%

• Emerging Market CDS Index 125.76 -.36%
  

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

• 2-Year Swap Spread 18.25 -1.25 basis point

• TED Spread 28.75 +3.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -99.0 -21.75 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 73.20 +.26%
• 3-Month T-Bill Yield 1.31% unch.
  

• Yield Curve 52.0 -1.5 basis points

• China Iron Ore Spot 515.50 CNY/100 Metric Tonnes +5.96%

• Citi US Economic Surprise Index 72.20 -2.0 points

• Citi Eurozone Economic Surprise Index 70.30 -1.7 basis points

• Citi Emerging Markets Economic Surprise Index .5 -1.9 points

• 10-Year TIPS Spread 1.89 unch.
  
• 70.8% chance of Fed rate hike at March 21 meeting, 73.3% chance at May 2 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +192 open in Japan 
• China A50 Futures: Indicating +39 open in China

• DAX Futures: Indicating +21 open in Germany

Portfolio: 

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

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

• Market Exposure: Moved to 100% Net Long