Weekly Scoreboard*

S&P 500 2,903.14 +.28%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,374.61 -.36%

• NASDAQ 7,974.07 +.31%

• Russell 2000 1,582.41 -.01%

• S&P 500 High Beta 43.91 +1.12%

• Goldman 50 Most Shorted 163.70 -.83%

• Wilshire 5000 29,938.66 +.24%

• Russell 1000 Growth 1,563.65 +.37%

• Russell 1000 Value 1,243.03 +.27%

• S&P 500 Consumer Staples 578.99 +.82%

• MSCI Cyclicals-Defensives Spread 1,078.31 +.82%
  

• NYSE Technology 1,939.09 +.52%

• Transports 10,906.15 +1.02%

• Utilities 782.20 -.29%

• Bloomberg European Bank/Financial Services 81.13 +2.54%

• MSCI Emerging Markets 44.24 +.81%

• HFRX Equity Hedge 1,220.16 -.08%

• HFRX Equity Market Neutral 966.19 -.07%

Sentiment/Internals

• NYSE Cumulative A/D Line 351,930 +.65%

• Bloomberg New Highs-Lows Index 149 +61

• Bloomberg Crude Oil % Bulls 73.68 +34.35%

• CFTC Oil Net Speculative Position 481,361 +7.30%

• CFTC Oil Total Open Interest 1,975,009 +.33%

• Total Put/Call .74 -8.75%

• OEX Put/Call .76 -93.42%

• ISE Sentiment 117.0 +42.25%

• NYSE Arms 1.06 -3.37%

• Volatility(VIX) 12.20 -2.18%

• S&P 500 Implied Correlation 34.75 +1.12%

• G7 Currency Volatility (VXY) 5.60 -11.31%

• Emerging Markets Currency Volatility (EM-VXY) 8.22 -2.17%

• Smart Money Flow Index 14,134.93 +.02%

• ICI Money Mkt Mutual Fund Assets $3.098 Trillion +.29%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$7.465 Billion

• AAII % Bulls 40.3 +15.1%

• AAII % Bears 20.4 -27.9%

Futures Spot Prices

• CRB Index 188.36 +.34%

• Crude Oil 63.86 +1.64%

• Reformulated Gasoline 203.34 +3.56%

• Natural Gas 2.65 -.90%

• Heating Oil 206.96 +1.39%

• Gold 1,294.60 -.06%

• Bloomberg Base Metals Index 188.63 +.01%

• Copper 294.0 +1.59%

• US No. 1 Heavy Melt Scrap Steel 310.0 USD/Metric Tonne -1.59%

• China Iron Ore Spot 93.50 USD/Metric Tonne +.29%

• Lumber 348.0 -2.64%

• UBS-Bloomberg Agriculture 898.52 -.46%

Economy

• Atlanta Fed GDPNow Forecast +2.27% +20.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate .2% +90.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index .0495 +8.1%

• US Economic Policy Uncertainty Index 55.3 -51.9%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 172.39 +.05%

• Citi US Economic Surprise Index -58.40 -5.3 points

• Citi Eurozone Economic Surprise Index -45.90 +13.2 points

• Citi Emerging Markets Economic Surprise Index -4.80 +6.5 points

• Fed Fund Futures imply 99.5% chance of no change, .5% chance of 25 basis point cut on 5/1

• US Dollar Index 96.95 -.5%

• MSCI Emerging Markets Currency Index 1,651.61 +.24%

• Bitcoin/USD 5,065.33 +1.33%

• Euro/Yen Carry Return Index 131.49 +1.03%

• Yield Curve 16.50 +.5 basis point
  

• 10-Year US Treasury Yield 2.56% +6.0 basis points

• Federal Reserve's Balance Sheet $3.898 Trillion +.04%

• U.S. Sovereign Debt Credit Default Swap 13.95 -6.59%

• Illinois Municipal Debt Credit Default Swap 178.58 -.02%

• Italian/German 10Y Yld Spread 248.5 +1.25 basis points

• China Sovereign Debt Credit Default Swap 42.39 -.09%
  

• Emerging Markets Sovereign Debt CDS Index 71.07 +14.28%
  

• Israel Sovereign Debt Credit Default Swap 64.28 -1.28%

• South Korea Sovereign Debt Credit Default Swap 31.91 -4.02%

• Russia Sovereign Debt Credit Default Swap 133.53 -1.63%

• iBoxx Offshore RMB China Corporate High Yield Index 160.72 -.17%

• 10-Year TIPS Spread 1.96% +5.0 basis points

• TED Spread 20.0 +1.75 basis points

• 2-Year Swap Spread 10.25 -.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -13.75 +1.0 basis point

• N. America Investment Grade Credit Default Swap Index 56.98 -4.93%
  

• America Energy Sector High-Yield Credit Default Swap Index 506.0 -3.42%

• European Financial Sector Credit Default Swap Index 68.12 -9.5%
  

• Emerging Markets Credit Default Swap Index 177.62 +3.88%
  

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

• M1 Money Supply $3.709 Trillion -.08%

• Commercial Paper Outstanding 1,071.50 -1.3%

• 4-Week Moving Average of Jobless Claims 207,000 -6,500

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.12% +4.0 basis points

• Weekly Mortgage Applications 475.60 -5.56%

• Bloomberg Consumer Comfort 59.80 +.9 point

• Weekly Retail Sales +4.7% unch.

• Nationwide Gas $2.81/gallon +.08/gallon

• Baltic Dry Index 728.0 +2.39%

• China (Export) Containerized Freight Index 799.79 +.33%

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

• Rail Freight Carloads 258,775 -3.46%

Best Performing Style

• Mid-Cap Growth +.8%

Worst Performing Style

• Small-Cap Growth -.1%

Leading Sectors

• Shipping +3.1%

• Networking +2.5%

• Homebuilding +2.0%

• Computer Hardware +1.9%

• Software +1.3%

Lagging Sectors

• Drugs -1.4% 

• Steel -1.8%

• Papers -2.0%

• Biotech -2.9%

• Healthcare Providers -5.8%

Weekly High-Volume Stock Gainers (17)

• APC, PE, PXD, DIS, NBL, WES, DVN, FANG, WPX, XEC, GH, ALEC, JPM, CONE, PHAS, SMAR and PNC

Weekly High-Volume Stock Losers (8)

• MMLP, UNH, NFLX, GRUB, ANTM, FGEN, HIIQ and ICPT

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 Earnings Optimism, Diminishing Global Growth Fears, Technical Buying, Financial/Transport Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Modestly Higher
  

• Sector Performance: Mixed
  

• Volume: Above Average

• Market Leading Stocks: Outperforming

Equity Investor Angst:

• Volatility(VIX) 12.2 -6.2%

• Euro/Yen Carry Return Index 131.47 +.69%

• Emerging Markets Currency Volatility(VXY) 8.22 +1.48%

• S&P 500 Implied Correlation 34.7 -3.5%

• ISE Sentiment Index 115.0 +15.0%
  

• Total Put/Call .74 -26.0%

• NYSE Arms 1.09 -23.8%

Credit Investor Angst:

• North American Investment Grade CDS Index 56.74 -3.7%
  

• America Energy Sector High-Yield CDS Index 507.0 -.88%

• European Financial Sector CDS Index 67.55 -4.08%

• Italian/German 10Y Yld Spread 248.5 +10.75 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 65.31 -1.81%
  

• Emerging Market CDS Index 177.70 -1.03%
  

• iBoxx Offshore RMB China Corporate High Yield Index 160.71 -.22%

• 2-Year Swap Spread 10.25 +1.25 basis points

• TED Spread 20.0 +2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -13.75 unch.

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 67.57 +.11%
• 3-Month T-Bill Yield 2.42% unch.

• Yield Curve 16.50 +1.5 basis points

• China Iron Ore Spot 93.50 USD/Metric Tonne +2.2%

• Citi US Economic Surprise Index -58.40 -1.3 points

• Citi Eurozone Economic Surprise Index -45.90 +1.4 points

• Citi Emerging Markets Economic Surprise Index -4.80 -.3 point

• 10-Year TIPS Spread 1.96 +2.0 basis points
• 10.9% chance of Fed rate cut at June 19th meeting, 12.3% chance of cut at July 31st meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +210 open in Japan 
• China A50 Futures: Indicating +260 open in China

• DAX Futures: Indicating +25 open in Germany

Portfolio:

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

• Disclosed Trades: None

• Market Exposure: 100% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth +.3%

Sector Underperformers:

• 1) Healthcare Providers -2.0% 2) Biotech -.5% 3) Drugs -.5%

Stocks Falling on Unusual Volume: 

• CVX, ANTM, PBR, ATI, LOGM, GRUB, UNH, NFLX, NOV, CNC, CNDT and ICPT

Stocks With Unusual Put Option Activity:

• 1) IEF 2) IGV 3) AET 4) GRUB 5) OXY

Stocks With Most Negative News Mentions:

• 1) ATI 2) NOV 3) GRUB 4) SYKE 5) CHK

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value +.7%

Sector Outperformers:

• 1) Banks +1.8% 2) Energy +1.5% 3) Semis +1.3%

Stocks Rising on Unusual Volume:

• APC, GDS, RBZ, DIS, BHVN, NSSC, SMAR, WES, FTCH, ADNT, BPT, PXD, WPX, PE, CHKP, HLNE, GLPG, FANG, CXO, INSW, TIGR, IGV, COMM, MRVL, SSL, NBL, GH, JPM, CONE, SMAR and PHAS

Stocks With Unusual Call Option Activity:

• 1) OXY 2) FOXA 3) ANTM 4) PXD 5) VFC

Stocks With Most Positive News Mentions:

• 1) JMIA 2) QD 3) ADNT 4) JPM 5) BBBY

Charts:

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