Weekly Scoreboard*

S&P 500 2,760.96 +1.63%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,493.0 +1.13%

• NASDAQ 7,681.67 +2.38%

• Russell 2000 1,693.42 +2.95%

• S&P 500 High Beta 43.67 +1.82%

• Goldman 50 Most Shorted 166.70 +3.25%

• Wilshire 5000 28,799.0 +1.78%

• Russell 1000 Growth 1,467.96 +2.02%

• Russell 1000 Value 1,203.37 +1.34%

• S&P 500 Consumer Staples 537.88 +1.47%

• Vanda Cyclicals-Defensives 1.58 -.55%
  

• NYSE Technology 1,924.89 +1.97%

• Transports 10,495.50 +2.0%

• Utilities 729.01 +2.33%

• Bloomberg European Bank/Financial Services 88.03 +.69%

• MSCI Emerging Markets 43.25 +1.38%

• HFRX Equity Hedge 1,277.79 +.79%

• HFRX Equity Market Neutral 1,004.41 -.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 325,889 +1.03%

• Bloomberg New Highs-Lows Index -87 +493

• Bloomberg Crude Oil % Bulls 60.0 +15.4%

• CFTC Oil Net Speculative Position 625,091 +7.6%

• CFTC Oil Total Open Interest 2,423,829 -1.41%

• Total Put/Call .94 -23.58%

• OEX Put/Call 1.45 -7.92%

• ISE Sentiment 104.0 +23.66%

• NYSE Arms .62 unch.

• Volatility(VIX) 13.58 -18.93%

• S&P 500 Implied Correlation 35.33 -1.60%

• G7 Currency Volatility (VXY) 7.04 -1.87% 

• Emerging Markets Currency Volatility (EM-VXY) 9.46 -2.67%

• Smart Money Flow Index 15,561.84 -.91%

• ICI Money Mkt Mutual Fund Assets $2.825 Trillion +.81%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.865 Billion

• AAII % Bulls 27.9 -2.1%

• AAII % Bears 39.3 -3.7%

Futures Spot Prices

• CRB Index 197.84 -.65%

• Crude Oil 73.78 +.66%

• Reformulated Gasoline 211.37 +.56%

• Natural Gas 2.86 -3.29%

• Heating Oil 217.26 -.14%

• Gold 1,255.60 +.55%

• Bloomberg Base Metals Index 193.21 -4.76%

• Copper 282.15 -4.05%

• US No. 1 Heavy Melt Scrap Steel 333.33 USD/Metric Tonne unch.

• China Iron Ore Spot 62.62 USD/Metric Tonne -2.40%

• Lumber 539.70 -3.26%

• UBS-Bloomberg Agriculture 948.89 -.37%

Economy

• Atlanta Fed GDPNow Forecast +3.8% unch.

• ECRI Weekly Leading Economic Index Growth Rate 2.2% -60.0 basis points
  

• Philly Fed ADS Real-Time Business Conditions Index -.0026 +10.3% 

• US Economic Policy Uncertainty Index 452.98 +222.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 168.03 +.20%

• Citi US Economic Surprise Index 12.60 +17.5 points

• Citi Eurozone Economic Surprise Index -36.10 +24.9 points

• Citi Emerging Markets Economic Surprise Index -5.40 +6.3 points

• Fed Fund Futures imply 81.4% chance of no change, 18.6% chance of 25 basis point hike on 8/1

• US Dollar Index 94.03 -1.35%

• MSCI Emerging Markets Currency Index 1,626.30 -.14%

• Bitcoin/USD 6,564.33 +11.2%

• Euro/Yen Carry Return Index 135.04 +.29%

• Yield Curve 28.25 -2.5 basis points
  

• 10-Year US Treasury Yield 2.83% -3.0 basis points

• Federal Reserve's Balance Sheet $4.250 Trillion -.36%

• U.S. Sovereign Debt Credit Default Swap 20.13 +2.12%

• Illinois Municipal Debt Credit Default Swap 205.39 -.03%

• Italian/German 10Y Yld Spread 242.5 +4.75 basis points

• Asia Pacific Sovereign Debt Credit Default Swap Index 15.10 +.97%
  

• Emerging Markets Sovereign Debt CDS Index 73.39 -7.24%
  

• Israel Sovereign Debt Credit Default Swap 68.77 -1.77%

• South Korea Sovereign Debt Credit Default Swap 49.44 +.58%

• Russia Sovereign Debt Credit Default Swap 135.17 -4.57%

• iBoxx Offshore RMB China Corporate High Yield Index 148.29 -.31%

• 10-Year TIPS Spread 2.14% +2.0 basis points

• TED Spread 39.5 -2.5 basis points

• 2-Year Swap Spread 25.0 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -5.75 +.75 basis point

• N. America Investment Grade Credit Default Swap Index 64.76 -2.29%

• America Energy Sector High-Yield Credit Default Swap Index 398.0 -2.08%

• European Financial Sector Credit Default Swap Index 83.59 -8.07%
  

• Emerging Markets Credit Default Swap Index 176.65 -7.84%
  

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

• M1 Money Supply $3.638 Trillion -.13%

• Commercial Paper Outstanding 1,065.0 -1.9%

• 4-Week Moving Average of Jobless Claims 224,500 +2,500

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.52% -3.0 basis points

• Weekly Mortgage Applications 363.60 -.47%

• Bloomberg Consumer Comfort 57.60 +.3 point

• Weekly Retail Sales +4.10% +10.0 basis points

• Nationwide Gas $2.87/gallon +.02/gallon

• Baltic Dry Index 1,612.0 +16.4%

• China (Export) Containerized Freight Index 808.55 -.90%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 -11.11%

• Rail Freight Carloads 293,327 +1.54%

Best Performing Style

• Small-Cap Growth +3.4%

Worst Performing Style

• Large-Cap Value +1.3%

Leading Sectors

• Biotechnology +7.0%

• Gold & Silver +5.0%

• Networking +3.4%

• Airlines +3.4%

• Software +3.3%

Lagging Sectors

• Banks +.6% 

• Agriculture -.2%

• I-Banking -.4%

• Oil Service -.5%

• Gaming -3.0%

Weekly High-Volume Stock Gainers (10)

• BIIB, ITCI, ACAD, SFIX, EGAN, FNKO, ATUS, WOW, QNST and OUT

Weekly High-Volume Stock Losers (1)

• COLL

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Afternoon on Economic Optimism, Stable Long-Term Rates, Less European/Emerging Markets/US High-Yield Debt Angst, Biotech/Tech Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Light

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 13.64 -8.9%

• Euro/Yen Carry Return Index 134.99 +.24%

• Emerging Markets Currency Volatility(VXY) 9.46 -.32%

• S&P 500 Implied Correlation 35.58 -1.33%

• ISE Sentiment Index 104.0 +23.81%
  

• Total Put/Call .94 +3.30%

• NYSE Arms .64 -22.10%

Credit Investor Angst:

• North American Investment Grade CDS Index 64.55 -2.66%
  

• America Energy Sector High-Yield CDS Index 397.0 -.10%

• European Financial Sector CDS Index 83.23 -2.15%

• Italian/German 10Y Yld Spread 242.50 -.5 basis point
  

• Asia Pacific Sovereign Debt CDS Index 14.99 +.40%

• Emerging Market CDS Index 176.16 -1.60%
  

• iBoxx Offshore RMB China Corporate High Yield Index 148.28 unch.

• 2-Year Swap Spread 25.0 -.5 basis point

• TED Spread 39.75 +1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -3.75 -1.5 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 69.97 +.44%
• 3-Month T-Bill Yield 1.94% -1.0 basis point
  

• Yield Curve 28.5 +.25 basis point

• China Iron Ore Spot 62.62 USD/Metric Tonne -.33%

• Citi US Economic Surprise Index 12.60 +2.1 points

• Citi Eurozone Economic Surprise Index -36.10 +9.1 points

• Citi Emerging Markets Economic Surprise Index -5.40 +.6 point

• 10-Year TIPS Spread 2.14 unch.
  
• 81.6% chance of Fed rate hike at Sept. 26th meeting, 82.6% chance at November 8th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +77 open in Japan 
• China A50 Futures: Indicating -36 open in China

• DAX Futures: Indicating +7 open in Germany

Portfolio: 

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bull Radar

Style Outperformer:

• Large-Cap Growth +1.2%

Sector Outperformers:

• 1) Biotech +3.2% 2) Social Media +2.0% 3) Oil Service +1.7%

Stocks Rising on Unusual Volume:

• BIIB, MOTS, AMSWA, ACWI, BIB, MTOR, IBUY, IRS, VC, ANIP, CHEF, ELVT, FNKO, UBIO, ODT, KB, SFIX, EGAN, QNST, CHKP, MANT, ANGO, NVO, ATUS and KOF

Stocks With Unusual Call Option Activity:

• 1) EWW 2) EMB 3) JWN 4) PRU 5) IBB

Stocks With Most Positive News Mentions:

• 1) BIIB 2) MANT 3) CHKP 4) BA 5) MA

Charts:

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