Weekly Scoreboard*

S&P 500 2,779.66 +.02%

   
The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,090.45 -.89%

• NASDAQ 7,746.38 +1.32%

• Russell 2000 1,683.91 +.68%

• S&P 500 High Beta 45.20 -.07%

• Goldman 50 Most Shorted 164.04 +3.13%

• Wilshire 5000 28,967.10 +.11%

• Russell 1000 Growth 1,482.24 +.69%

• Russell 1000 Value 1,207.29 -.69%

• S&P 500 Consumer Staples 530.12 +1.93%

• Vanda Cyclicals-Defensives 1.6963 -.09%
  

• NYSE Technology 1,977.44 +1.47%

• Transports 11,073.90 +1.24%

• Utilities 678.31 +2.16%

• Bloomberg European Bank/Financial Services 88.95 +.05%

• MSCI Emerging Markets 45.53 -1.95%

• HFRX Equity Hedge 1,291.67 -.20%

• HFRX Equity Market Neutral 1,010.73 -.31%

Sentiment/Internals

• NYSE Cumulative A/D Line 324,365 -.23%

• Bloomberg New Highs-Lows Index 56 +150

• Bloomberg Crude Oil % Bulls 25.0 -18.19%

• CFTC Oil Net Speculative Position 583,576 -3.99%

• CFTC Oil Total Open Interest 2,546,827 -2.83%

• Total Put/Call .93 -1.06%

• OEX Put/Call .39 -47.30%

• ISE Sentiment 112.0 -11.11%

• NYSE Arms 1.16 +70.59%

• Volatility(VIX) 11.98 -1.64%

• S&P 500 Implied Correlation 34.67 +2.21%

• G7 Currency Volatility (VXY) 7.39 -2.38% 

• Emerging Markets Currency Volatility (EM-VXY) 9.83 +2.50%

• Smart Money Flow Index 15,924.02 -.57%

• ICI Money Mkt Mutual Fund Assets $2.855 Trillion -.79%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$4.531 Billion

• AAII % Bulls 44.8 +15.0%

• AAII % Bears 21.7 -18.8%

Futures Spot Prices

• CRB Index 196.24 -1.90%

• Crude Oil 65.06 -.76%

• Reformulated Gasoline 202.32 -4.17%

• Natural Gas 3.02 +4.02%

• Heating Oil 208.70 -3.47%

• Gold 1,278.50 -1.92%

• Bloomberg Base Metals Index 213.59 -1.45%

• Copper 314.45 -4.70%

• US No. 1 Heavy Melt Scrap Steel 338.60 USD/Metric Tonne -.51%

• China Iron Ore Spot 65.86 USD/Metric Tonne +1.51%

• Lumber 558.20 -5.31%

• UBS-Bloomberg Agriculture 985.83 -3.05%

Economy

• Atlanta Fed GDPNow Forecast +4.8% +20.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 2.7% +10.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index .0419 +6.08% 

• US Economic Policy Uncertainty Index 94.74 -47.0%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 166.94 +.04%

• Citi US Economic Surprise Index 15.10 +4.9 points

• Citi Eurozone Economic Surprise Index -97.20 +2.9 points

• Citi Emerging Markets Economic Surprise Index -27.10 -12.2 points

• Fed Fund Futures imply 83.5% chance of no change, 16.5% chance of 25 basis point hike on 8/1

• US Dollar Index 94.78 +1.33%

• MSCI Emerging Markets Currency Index 1,666.01 -.04%

• Bitcoin/USD 6,548.34 -14.3%

• Euro/Yen Carry Return Index 133.60 -.40%

• Yield Curve 37.25 -7.75 basis points
  

• 10-Year US Treasury Yield 2.92% -3.0 basis points

• Federal Reserve's Balance Sheet $4.285 Trillion +.13%

• U.S. Sovereign Debt Credit Default Swap 20.12 -.15%

• Illinois Municipal Debt Credit Default Swap 212.70 -.04%

• Italian/German 10Y Yld Spread 220.75 -9.5 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 12.96 -1.74%
  

• Emerging Markets Sovereign Debt CDS Index 78.41 +18.35%
  

• Israel Sovereign Debt Credit Default Swap 70.21 +3.23%

• South Korea Sovereign Debt Credit Default Swap 43.76 +.60%

• Russia Sovereign Debt Credit Default Swap 144.84 +6.69%

• iBoxx Offshore RMB China Corporate High Yield Index 149.86 +.05%

• 10-Year TIPS Spread 2.13% unch.

• TED Spread 41.75 -.25 basis point

• 2-Year Swap Spread 26.5 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -3.75 +9.25 basis points

• N. America Investment Grade Credit Default Swap Index 61.66 -7.76%

• America Energy Sector High-Yield Credit Default Swap Index 382.0 +1.6%

• European Financial Sector Credit Default Swap Index 76.64 -13.94%
  

• Emerging Markets Credit Default Swap Index 186.50 +7.07%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.714 Trillion +1.28%

• Commercial Paper Outstanding 1,109.1 +1.0%

• 4-Week Moving Average of Jobless Claims 224,250 1,250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.62% +8.0 basis points

• Weekly Mortgage Applications 365.30 -1.48%

• Bloomberg Consumer Comfort 55.80 +1.0 point

• Weekly Retail Sales +4.30% +20.0 basis points

• Nationwide Gas $2.90/gallon -.03/gallon

• Baltic Dry Index 1,433.0 +3.02%

• China (Export) Containerized Freight Index 814.83 +2.28%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.

• Rail Freight Carloads 289,420 +12.36%

Best Performing Style

• Small-Cap Growth +1.8%

Worst Performing Style

• Large-Cap Value -.7%

Leading Sectors

• Internet +3.4%

• Healthcare Providers +2.8%

• Networking +2.5%

• Utilities +1.8%

• Disk Drives +1.2%

Lagging Sectors

• Steel -2.9% 

• Papers -3.2%

• Energy -3.4%

• Homebuilding -3.5%

• Oil Service -3.8%

Weekly High-Volume Stock Gainers (16)

• ZUO, VKTX, CBLK, SCHN, DBX, NAV, MSGN, AVT, CAKE, APPN, LGF/B, DISCA, BRKS, FIZZ, HOG and ATNX

Weekly High-Volume Stock Losers (14)

• BPMP, FTI, ENBL, CEQP, AI, COHR, TSRO, CISN, MIK, STLD, NAVI, EPZM, HCC and GBT

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Modestly Lower into Final Hour on Trade War Fears, Mueller Investigation Concerns, Oil Decline, Commodity/Gaming Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Modestly Lower
  

• Sector Performance: Mixed
  

• Volume: Heavy

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.36 +1.98%

• Euro/Yen Carry Return Index 133.64 +.28%

• Emerging Markets Currency Volatility(VXY) 9.92 +3.01%

• S&P 500 Implied Correlation 34.58 +2.07%

• ISE Sentiment Index 96.0 -4.0%
  

• Total Put/Call .91 +7.1%

• NYSE Arms 1.19 -3.17%

Credit Investor Angst:

• North American Investment Grade CDS Index 60.66 -1.82%
  

• America Energy Sector High-Yield CDS Index 382.0 +1.23%

• European Financial Sector CDS Index 76.77 +1.19%

• Italian/German 10Y Yld Spread 220.75 -10.5 basis points
  

• Asia Pacific Sovereign Debt CDS Index 12.96 +1.89%

• Emerging Market CDS Index 189.97 +.47%
  

• iBoxx Offshore RMB China Corporate High Yield Index 149.86 -.12%

• 2-Year Swap Spread 26.5 -.25 basis point

• TED Spread 41.5 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -3.75 +1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 69.97 +.01%
• 3-Month T-Bill Yield 1.93% +1.0 basis point
  

• Yield Curve 37.0 -.25 basis point

• China Iron Ore Spot 65.86 USD/Metric Tonne unch.

• Citi US Economic Surprise Index 15.10 -1.1 points

• Citi Eurozone Economic Surprise Index -97.20 +1.7 points

• Citi Emerging Markets Economic Surprise Index -27.10 -.4 point

• 10-Year TIPS Spread 2.12 -1.0 basis point
  
• 84.5% chance of Fed rate hike at Sept. 26th meeting, 85.4% chance at November 8th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -49 open in Japan 
• China A50 Futures: Indicating -92 open in China

• DAX Futures: Indicating +27 open in Germany

Portfolio: 

• Higher: On gains in my retail/biotech sector longs and emerging market shorts

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

•   Mid-Cap Value -.3%

Sector Underperformers:

• 1) Steel -3.4% 2) Oil Service -2.6% 3) Energy -2.0%

Stocks Falling on Unusual Volume: 

• GNK, AMAG, GBT, CRF, JBL, CSIQ, BVN, BLUE, MIK, FSLR, SEDG and HCC

Stocks With Unusual Put Option Activity:

• 1) DXC 2) PFE 3) DNR 4) ACAD 5) VIAB

Stocks With Most Negative News Mentions:

• 1) MPAA 2) CHKE 3) SPLK 4) GE 5) PCG

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Small-Cap Growth -.1%

Sector Outperformers:

• 1) Road & Rail +.7% 2) Retail +.3% 3) REITs +.2%

Stocks Rising on Unusual Volume:

• GOOS, SOGO, EVRG, BAK, DSLV, SNY, DBX, ATRC, CBLK, RLH, TPIV, BREW, ETSY, FNSR, CAKE, SCHN, FIZZ, NVEE, MSBI, APPN, NAV, CCS, ALDR, MSGN, BMRN, VKTX, ZUO, FATE, AVT, GME, HOG and HDP

Stocks With Unusual Call Option Activity:

• 1) FLEX 2) BURL 3) NAV 4) AET 5) UNP

Stocks With Most Positive News Mentions:

• 1) GOOS 2) SRPT 3) DBX 4) NAV 5) FNSR

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

Morning Market Internals

NYSE Composite Index:

• Volume Running +45.3% Above 100-Day Average
• 5 Sectors Rising, 6 Sectors Declining
• 40.0% of Issues Advancing, 57.1% Declining
• 52 New 52-Week Highs, 59 New Lows
• 50.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 49.4%
• Vix 12.4 +2.6%
• Total Put/Call .88 +3.5%
• TRIN/Arms 1.32 +7.5%