Today's Headlines

Bloomberg:  

• U.S., China to Keep Working on Trade Deal After Latest Talks.

• Kudlow Sees No Letup in China Talks as Both Sides Cite Progress .

• ‘Fed Up’ Hammond Insists Brexit Referendum Must Be Considered.

• The Only Thing Going Right for Tech Is the Stock Market.

• Crude Oil Market Rallies on Fading Fears of a Glut.

• Why Your GPS Devices Could Go Haywire Today.

• Your Weekend Reading: Trump Jabs at the Fed.

Wall Street Journal:   

• U.S., China Tout Progress, Vow to Continue Trade Talks.

• Boeing to Cut Back 737 MAX Production.

• The Battle for the Last Unconquered Screen—The One in Your Car.

• Low Storage, Prices Equal Bad News for U.S. Gas Producers. 

• Trump Says Southern-Border Asylum Seekers Are Running a ‘Scam’.

Barron's:

• Had bullish commentary on (MSFT) and (FL).

• Had bearish commentary on (LYFT).

MarketWatch.com:

• This bull market has no expiration date, analysts tell Barron’s.

Fox News:

• Obama says he worries that progressives risk creating a ‘circular firing squad’.

CNBC:

• First-quarter earnings are expected to be lousy, but the stock market may not care.

Zero Hedge:  

• It Begins: Former UN Under-Secretary-General Calls For One World Currency.

• Even Joe Biden's Wife Said His Constant Groping Made Her Feel "Strange And Uncomfortable".

• Fake News After Mueller: Orwell Would Be Delighted.

• The EU Is Tearing The UK Apart Over Brexit.

• Most Brits Now Just Want To Leave With No Deal...Get Out While They Can; Poll Shows.

• Trump To Designate Iran's Revolutionary Guard A Foreign Terrorist Group.

• Norway's $1 Trillion Sovereign Wealth Fund Is Dumping EM Bonds And Buying Stocks.

• 40 Facts That Prove That America's Moral Collapse Is Spinning Wildly Out Of Control.

• "I Will Nuke You!" Musk Raged In "Physical Altercation" After Tesla Worker Quit.

• New Canadian Bonds Are Backed By Junk Rated Retailers And Consumer Loans Charging 40% Interest.

• The Latest Social Justice Absurdity...

• Hedge Funds Suffer Worst Start To Year Since 2012.

• "The Democrats Are Not Correct": Howard Schultz Agrees With Trump On "Fierce, Strict" Border Control.

• The Bank Of Japan Bought 5.6 Trillion Yen In Stocks Last Year.

• The Reasons Behind The Relentless Ideological Onslaught Against Free Markets.

• US Consumer Credit Storms Above $4 Trillion, As Credit Card Debt Hits New All Time High High.

• Bond Yields & Bitcoin Bounce But Trade-Talk Trumped Terrible-Data For Stocks.

Business Insider:

• Bernie Sanders continues to dodge questions about releasing his tax returns, even as he pressures Trump to do the same.

CNN:

• Daily or high-potency cannabis increases risk of psychotic disorder, study finds.

The Telegraph:

• Shock German factory slump reignites fears of eurozone recession.

Weekly Scoreboard*

S&P 500 2,888.83 +1.90%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,411.09 +1.84%

• NASDAQ 7,932.40 +2.60%

• Russell 2000 1,579.51 +2.58%

• S&P 500 High Beta 43.31 +4.19%

• Goldman 50 Most Shorted 164.80 +3.11%

• Wilshire 5000 29,787.90 +2.0%

• Russell 1000 Growth 1,554.66 +2.19%

• Russell 1000 Value 1,236.37 +1.65%

• S&P 500 Consumer Staples 572.87 -1.28%

• MSCI Cyclicals-Defensives Spread 1,081.02 +3.05%
  

• NYSE Technology 1,924.39 +2.59%

• Transports 10,728.18 +3.16%

• Utilities 777.69 -.22%

• Bloomberg European Bank/Financial Services 79.12 +4.89%

• MSCI Emerging Markets 43.97 +2.5%

• HFRX Equity Hedge 1,220.50 +.07%

• HFRX Equity Market Neutral 967.29 +.01%

Sentiment/Internals

• NYSE Cumulative A/D Line 349,664 +1.32%

• Bloomberg New Highs-Lows Index 88 +93

• Bloomberg Crude Oil % Bulls 54.84 -4.0%

• CFTC Oil Net Speculative Position 448,619 +8.17%

• CFTC Oil Total Open Interest 1,968,511 +.30%

• Total Put/Call .78 -11.36%

• OEX Put/Call 1.04 +6.5%

• ISE Sentiment 71.0 -46.62%

• NYSE Arms 1.09 +36.14%

• Volatility(VIX) 12.95 -5.32%

• S&P 500 Implied Correlation 35.21 -8.77%

• G7 Currency Volatility (VXY) 6.28 -8.85%

• Emerging Markets Currency Volatility (EM-VXY) 8.31 -9.87%

• Smart Money Flow Index 14,131.67 +2.20%

• ICI Money Mkt Mutual Fund Assets $3.107 Trillion +.19%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$10.890 Billion

• AAII % Bulls 35.0 +5.5%

• AAII % Bears 28.3 +3.9%

Futures Spot Prices

• CRB Index 187.68 +2.10%

• Crude Oil 63.23 +4.92%

• Reformulated Gasoline 197.09 +4.71%

• Natural Gas 2.66 -.34%

• Heating Oil 204.41 +3.62%

• Gold 1,296.10 +.42%

• Bloomberg Base Metals Index 188.61 -1.28%

• Copper 288.75 -1.43%

• US No. 1 Heavy Melt Scrap Steel 315.0 USD/Metric Tonne -1.87%

• China Iron Ore Spot 92.42 USD/Metric Tonne +7.77%

• Lumber 352.0 -2.3%

• UBS-Bloomberg Agriculture 900.56 +1.41%

Economy

• Atlanta Fed GDPNow Forecast +2.07% +36.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -.7% +70.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.0021 +76.1%

• US Economic Policy Uncertainty Index 91.7 -28.7%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 172.30 +.39%

• Citi US Economic Surprise Index -53.10 -17.2 points

• Citi Eurozone Economic Surprise Index -59.10 +1.8 points

• Citi Emerging Markets Economic Surprise Index -11.30 +7.2 points

• Fed Fund Futures imply 95.4% chance of no change, 4.7% chance of 25 basis point cut on 5/1

• US Dollar Index 97.41 +.24%

• MSCI Emerging Markets Currency Index 1,646.84 +.35%

• Bitcoin/USD 5,041.20 +23.2%

• Euro/Yen Carry Return Index 130.19 +.77%

• Yield Curve 16.0 +1.75 basis points
  

• 10-Year US Treasury Yield 2.50% +9.0 basis points

• Federal Reserve's Balance Sheet $3.896 Trillion -.51%

• U.S. Sovereign Debt Credit Default Swap 15.10 -14.33%

• Illinois Municipal Debt Credit Default Swap 178.62 -.02%

• Italian/German 10Y Yld Spread 247.25 -8.5 basis points

• China Sovereign Debt Credit Default Swap 42.55 -14.6%
  

• Emerging Markets Sovereign Debt CDS Index 59.47 -16.6%
  

• Israel Sovereign Debt Credit Default Swap 65.86 -.63%

• South Korea Sovereign Debt Credit Default Swap 34.18 +1.11%

• Russia Sovereign Debt Credit Default Swap 132.14 -.93%

• iBoxx Offshore RMB China Corporate High Yield Index 161.02 -.01%

• 10-Year TIPS Spread 1.91% unch.

• TED Spread 18.25 +3.0 basis points

• 2-Year Swap Spread 10.5 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -14.75 -1.25 basis points

• N. America Investment Grade Credit Default Swap Index 60.48 -5.58%
  

• America Energy Sector High-Yield Credit Default Swap Index 526.0 -.54%

• European Financial Sector Credit Default Swap Index 75.34 -6.58%
  

• Emerging Markets Credit Default Swap Index 171.07 -3.98%
  

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

• M1 Money Supply $3.712 Trillion +.56%

• Commercial Paper Outstanding 1,085.20 +.60%

• 4-Week Moving Average of Jobless Claims 213,500 -11,000

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.08% +2.0 basis points

• Weekly Mortgage Applications 503.60 +18.61%

• Bloomberg Consumer Comfort 58.90 -1.1 points

• Weekly Retail Sales +4.7% +10.0 basis points

• Nationwide Gas $2.73/gallon +.04/gallon

• Baltic Dry Index 699.0 +1.45%

• China (Export) Containerized Freight Index 797.14 -2.0%

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

• Rail Freight Carloads 268,052 +.7%

Best Performing Style

• Small-Cap Value +2.8%

Worst Performing Style

• Large-Cap Value +1.7%

Leading Sectors

• Gaming +9.0%

• Semis +5.8%

• I-Banks +5.3%

• Robotics +5.2%

• Airlines +5.1%

Lagging Sectors

• Foods -.4% 

• Utilities -.5%

• Medical Equipment -.9%

• Drugs -.9%

• Tobacco -3.0%

Weekly High-Volume Stock Gainers (14)

• TGI, SGMS, SGEN, MRNA, BOOT, CHRS, SNAP, BBBY, IONS, BIIB, WIFI, IOVA, APAM and HOG

Weekly High-Volume Stock Losers (1)

• DLTH

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change