Weekly Scoreboard*

S&P 500 2,604.47 -1.38*

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,932.76 -.71%

• NASDAQ 6,915.11 -2.1%

• Russell 2000 1,513.29 -1.06%

• S&P 500 High Beta 41.53 -2.28%

• Goldman 50 Most Shorted 140.37 -.01%

• Wilshire 5000 27,011.29 -1.36%

• Russell 1000 Growth 1,345.87 -1.55%

• Russell 1000 Value 1,166.66 -1.21%

• S&P 500 Consumer Staples 540.22 -.28%

• Vanda Cyclicals-Defensives 1.5813 +.47%
  

• NYSE Technology 1,748.38 -2.84%

• Transports 10,146.37 -2.41%

• Utilities 691.59 -.15%

• Bloomberg European Bank/Financial Services 94.20 +.1%

• MSCI Emerging Markets 47.29 -.89%

• HFRX Equity Hedge 1,284.64 -.08%

• HFRX Equity Market Neutral 1,011.96 +.02%

Sentiment/Internals

• NYSE Cumulative A/D Line 314,623 +.67%

• Bloomberg New Highs-Lows Index 59 +282

• Bloomberg Crude Oil % Bulls 40.0 +66.7%

• CFTC Oil Net Speculative Position 715,770 +1.71%

• CFTC Oil Total Open Interest 2,513,575 +5.1%

• Total Put/Call 1.02 unch.

• OEX Put/Call 1.04 +506.90%

• ISE Sentiment 77.0 n/a

• NYSE Arms 2.25 +156.50%

• Volatility(VIX) 22.23 +9.87%

• S&P 500 Implied Correlation 50.34 +2.83%

• G7 Currency Volatility (VXY) 7.23 -5.37% 

• Emerging Markets Currency Volatility (EM-VXY) 8.23 +3.26%

• Smart Money Flow Index 17,775.35 +2.58%

• ICI Money Mkt Mutual Fund Assets $2.832 Trillion +.11%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$12.554 Billion

• AAII % Bulls 31.9 unch.

• AAII % Bears 36.6 +3.7%

Futures Spot Prices

• CRB Index 192.25 -1.59%

• Crude Oil 61.94 -4.58%

• Reformulated Gasoline 194.72 -3.44%

• Natural Gas 2.70 -1.21%

• Heating Oil 195.45 -3.24%

• Gold 1,336.20 +.77%

• Bloomberg Base Metals Index 198.90 -1.02%

• Copper 304.05 +.55%

• US No. 1 Heavy Melt Scrap Steel 338.33 USD/Metric Tonne unch.

• China Iron Ore Spot 63.09 USD/Metric Tonne -1.42%

• Lumber 534.60 +3.50%

• UBS-Bloomberg Agriculture 1,030.51 +1.53%

Economy

• Atlanta Fed GDPNow Forecast +2.3% -10.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 4.5% -70.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.1865 -3.8% 

• US Economic Policy Uncertainty Index 109.71 -7.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 161.32 +.20%

• Citi US Economic Surprise Index 35.90 -13.9 points

• Citi Eurozone Economic Surprise Index -79.2 -22.4 points

• Citi Emerging Markets Economic Surprise Index 22.40 -9.4 points

• Fed Fund Futures imply 72.2% chance of no change, 27.8% chance of 25 basis point hike on 5/2

• US Dollar Index 90.15 +.06%

• MSCI Emerging Markets Currency Index 1,724.11 +.03%

• Bitcoin/USD 6,623.15 -3.49%

• Euro/Yen Carry Return Index 136.74 +.20%

• Yield Curve 50.75 -6.5 basis points
  

• 10-Year US Treasury Yield 2.78% +4.0 basis points

• Federal Reserve's Balance Sheet $4.345 Trillion -.13%

• U.S. Sovereign Debt Credit Default Swap 24.37 +4.48%

• Illinois Municipal Debt Credit Default Swap 261.33 +.02%

• Italian/German 10Y Yld Spread 128.75 -.25 basis point

• Asia Pacific Sovereign Debt Credit Default Swap Index 13.12 -1.06%
  

• Emerging Markets Sovereign Debt CDS Index 33.01 -4.54%
  

• Israel Sovereign Debt Credit Default Swap 51.73 -1.73%

• South Korea Sovereign Debt Credit Default Swap 50.48 -1.92%

• Russia Sovereign Debt Credit Default Swap 123.83 +.56%

• iBoxx Offshore RMB China Corporate High Yield Index 148.67 +.05%

• 10-Year TIPS Spread 2.08% +2.0 basis points

• TED Spread 62.0 +1.25 basis points

• 2-Year Swap Spread 32.25 +1.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -7.50 -1.0 basis point

• N. America Investment Grade Credit Default Swap Index 64.21 -1.90%

• America Energy Sector High-Yield Credit Default Swap Index 455.0 +1.88%

• European Financial Sector Credit Default Swap Index 62.84 -4.33%
  

• Emerging Markets Credit Default Swap Index 138.17 +.28%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 172.0 +2.0 basis points
  

• M1 Money Supply $3.648 Trillion +.03%

• Commercial Paper Outstanding 1,047.80 -1.3%

• 4-Week Moving Average of Jobless Claims 228,250 +3,750

• Continuing Claims Unemployment Rate 1.3% unch.
  

• Average 30-Year Mortgage Rate 4.40% -4.0 basis points

• Weekly Mortgage Applications 388.10 -3.29%

• Bloomberg Consumer Comfort 57.2 +.4 point

• Weekly Retail Sales +3.50% +30.0 basis points

• Nationwide Gas $2.66/gallon +.01/gallon

• Baltic Dry Index 953.0 -11.76%

• China (Export) Containerized Freight Index 757.66 -3.94%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 -11.1%

• Rail Freight Carloads 269,281 +3.27%

Best Performing Style

• Small-Cap Value unch.

Worst Performing Style

• Mid-Cap Growth -1.4%

Leading Sectors

• Homebuilding +3.8%

• Tobacco +2.9%

• Papers +2.3%

• Restaurants +2.1%

• Telecom +1.4%

Lagging Sectors

• Gaming -3.0% 

• Social Media -3.2%

• Road & Rail -3.2%

• Semis -4.2%

• Biotech-5.1%

Weekly High-Volume Stock Gainers (15)

• ALNA, MNOV, ICPT, LHCG, LFIN, KEX, LEN, LNDC, CALM, GME, ACXM, ADUS, CNXN, TCAP and LW

Weekly High-Volume Stock Losers (9)

• TITN, SWCH, ISCA, EEFT, CONN, SSNC, SNX, ALNY and CLDR

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Plunging into Final Hour on Trade War Fears, Less Economic Optimism, Technical Selling, Transport/Financial Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Light

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 21.34 +12.67%

• Euro/Yen Carry Return Index 136.76 -.09%

• Emerging Markets Currency Volatility(VXY) 8.23 +.73%

• S&P 500 Implied Correlation 49.50 +8.79%

• ISE Sentiment Index 64.0 +3.0%
  

• Total Put/Call .94 +11.9%

• NYSE Arms 1.99 +176.14%

Credit Investor Angst:

• North American Investment Grade CDS Index 64.81 +1.34%
  

• America Energy Sector High-Yield CDS Index 454.0 -1.84%

• European Financial Sector CDS Index 62.92 +1.12%

• Italian/German 10Y Yld Spread 128.75 +1.75 basis points
  

• Asia Pacific Sovereign Debt CDS Index 13.13 +1.20%

• Emerging Market CDS Index 137.13 +3.17%
  

• iBoxx Offshore RMB China Corporate High Yield Index 148.66 +.02%

• 2-Year Swap Spread 32.25 +.5 basis point

• TED Spread 61.75 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -7.5 +3.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 74.77 -.25%
• 3-Month T-Bill Yield 1.71% unch.
  

• Yield Curve 50.75 -1.75 basis points

• China Iron Ore Spot 63.09 USD/Metric Tonne unch.

• Citi US Economic Surprise Index 35.90 -8.1 points

• Citi Eurozone Economic Surprise Index -79.20 -6.7 points

• Citi Emerging Markets Economic Surprise Index 22.40 -1.4 points

• 10-Year TIPS Spread 2.07 -2.0 basis points
  
• 78.0% chance of Fed rate hike at June 13 meeting, 79.8% chance at August 1 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -152 open in Japan 
• China A50 Futures: Indicating -58 open in China

• DAX Futures: Indicating -58 open in Germany

Portfolio: 

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

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my emerging markets shorts 

• Market Exposure: Moved to 25% Net Long

Morning Market Internals

NYSE Composite Index:

• Volume Running -24.9% Below 100-Day Average
• 3 Sectors Rising, 8 Sectors Declining
• 30.0% of Issues Advancing, 66.7% Declining
• 29 New 52-Week Highs, 17 New Lows
• 42.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.6%
• Vix 19.6 +3.6%
• Total Put/Call .93 +10.7%
• TRIN/Arms 1.48 +107.9%