Weekly Scoreboard*

S&P 500 2,876.91 -2.58%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,949.40 -2.40%

• NASDAQ 7,928.86 -3.30%

• Russell 2000 1,569.36 -2.91%

• S&P 500 High Beta 42.41 -4.21%

• Goldman 50 Most Shorted 158.59 -3.25%

• Wilshire 5000 29,700.90 -2.49%

• Russell 1000 Growth 1,552.48 -2.80%

• Russell 1000 Value 1,227.04 -2.35%

• S&P 500 Consumer Staples 587.27 -.77%

• MSCI Cyclicals-Defensives Spread 1,110.13 -1.57%
  

• NYSE Technology 1,917.52 -4.35%

• Transports 10,582.06 -3.56%

• Utilities 775.57 -1.19%

• Bloomberg European Bank/Financial Services 76.58 -5.74%

• MSCI Emerging Markets 42.14 -4.84%

• HFRX Equity Hedge 1,219.67 -.8%

• HFRX Equity Market Neutral 962.30 -.26%

Sentiment/Internals

• NYSE Cumulative A/D Line 251,833 -.47%

• Bloomberg New Highs-Lows Index -251 -270

• Bloomberg Crude Oil % Bulls 42.1 +26.3%

• CFTC Oil Net Speculative Position 524,103 -4.25%

• CFTC Oil Total Open Interest 2,144,648 +.25%

• Total Put/Call 1.25 +68.42%

• OEX Put/Call .45 -75.0%

• ISE Sentiment 61.0 -15.28%

• NYSE Arms .97 +60.0%

• Volatility(VIX) 16.74 +32.1%

• S&P 500 Implied Correlation 38.65 +11.1%

• G7 Currency Volatility (VXY) 6.32 +6.94%

• Emerging Markets Currency Volatility (EM-VXY) 7.87 -3.91%

• Smart Money Flow Index 14,660.34 +2.13%

• ICI Money Mkt Mutual Fund Assets $3.084 Trillion +.40%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$5.175 Billion

• AAII % Bulls 43.1 +10.5%

• AAII % Bears 23.2 +8.7%

Futures Spot Prices

• CRB Index 178.95 -1.55%

• Crude Oil 61.62 -.44%

• Reformulated Gasoline 199.02 -1.79%

• Natural Gas 2.62 +2.34%

• Heating Oil 205.09 -.9%

• Gold 1,286.50 +.51%

• Bloomberg Base Metals Index 177.84 -1.34%

• Copper 277.45 -1.67%

• US No. 1 Heavy Melt Scrap Steel 296.0 USD/Metric Tonne -3.06%

• China Iron Ore Spot 92.08 USD/Metric Tonne +3.83%

• Lumber 356.70 +1.89%

• UBS-Bloomberg Agriculture 831.45 -3.54%

Economy

• Atlanta Fed GDPNow Forecast +1.58% -9.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate .8% -30.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.0138 +23.3%

• US Economic Policy Uncertainty Index 110.60 -7.62%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 173.87 +.21%

• Citi US Economic Surprise Index -47.70 +5.4 points

• Citi Eurozone Economic Surprise Index -16.70 +5.7 points

• Citi Emerging Markets Economic Surprise Index -19.30 -8.9 points

• Fed Fund Futures imply 90.5% chance of no change, 9.5% chance of 25 basis point cut on 6/19

• US Dollar Index 97.32 -.26%

• MSCI Emerging Markets Currency Index 1,625.39 -.78%

• Bitcoin/USD 6,417.47 +9.8%

• Euro/Yen Carry Return Index 128.25 -.93%

• Yield Curve 20.75 +1.5 basis points
  

• 10-Year US Treasury Yield 2.46% -7.0 basis points

• Federal Reserve's Balance Sheet $3.853 Trillion +.07%

• U.S. Sovereign Debt Credit Default Swap 16.22 -8.02%

• Illinois Municipal Debt Credit Default Swap 165.73 -7.15%

• Italian/German 10Y Yld Spread 272.75 +19.25 basis points

• China Sovereign Debt Credit Default Swap 45.66 +11.43%
  

• Emerging Markets Sovereign Debt CDS Index 78.40 +11.46%
  

• Israel Sovereign Debt Credit Default Swap 69.90 +2.83%

• South Korea Sovereign Debt Credit Default Swap 35.17 +9.52%

• Russia Sovereign Debt Credit Default Swap 128.32 +1.67%

• iBoxx Offshore RMB China Corporate High Yield Index 162.68 +.29%

• 10-Year TIPS Spread 1.87% -4.0 basis points

• TED Spread 13.25 -2.5 basis points

• 2-Year Swap Spread 10.0 -1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -17.0 +3.25 basis points

• N. America Investment Grade Credit Default Swap Index 62.03 +10.25%
  

• America Energy Sector High-Yield Credit Default Swap Index 460.0 +.81%

• European Financial Sector Credit Default Swap Index 79.36 +13.83%
  

• Emerging Markets Credit Default Swap Index 198.69 +7.09%
  

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

• M1 Money Supply $3.820 Trillion +.82%

• Commercial Paper Outstanding 1,081.10 +1.6%

• 4-Week Moving Average of Jobless Claims 220,250 +7,750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.10% -4.0 basis points

• Weekly Mortgage Applications 418.10 +2.68%

• Bloomberg Consumer Comfort 59.8 -.6 point

• Weekly Retail Sales +5.60% +10.0 basis points

• Nationwide Gas $2.87/gallon -.03/gallon

• Baltic Dry Index 974.0 -5.62%

• China (Export) Containerized Freight Index 792.15 -1.26%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.50 -12.5%

• Rail Freight Carloads 266,530 +.25%

Best Performing Style

• Mid-Cap Value -3.6%

Worst Performing Style

• Small-Cap Growth -4.6%

Leading Sectors

• Coal unch.

• Restaurants-.2%

• Foods -.3%

• Healthcare Providers -.5%

• Education -.8%

Lagging Sectors

• Shipping -5.4% 

• Robotics -6.9%

• Gaming -7.0%

• Networking -7.1%

• Semis -7.4%

Weekly High-Volume Stock Gainers (13)

• SWAV, VSTO, ECPG, XNCR, FLXN, ATNX, FNKO, ZG, ZS, Z, KTOS, CARS and LNG

Weekly High-Volume Stock Losers (24)

• LYFT, AVYA, CRCM, CWH, VSH, MAR, TWOU, UPWK, TVTY, PEGI, WYNN, AMRX, AQUA, MTW, ELY, TRHC, CORT, ALRM, UBNT, SYMC, YELP, FGEN, QRTEA and PBYI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Higher into Final Hour on Diminishing China Trade Deal Worries, Short-Covering, Technical Buying, Utility/Steel Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Mixed
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 16.81 -12.0%

• Euro/Yen Carry Return Index 128.23 +.27%

• Emerging Markets Currency Volatility(VXY) 8.80 -5.27%

• S&P 500 Implied Correlation 38.65 -3.7%

• ISE Sentiment Index 64.0 +4.9%
  

• Total Put/Call 1.27 -.78%

• NYSE Arms .91 -23.5%

Credit Investor Angst:

• North American Investment Grade CDS Index 61.97 -1.41%
  

• America Energy Sector High-Yield CDS Index 460.0 +2.09%

• European Financial Sector CDS Index 79.10 -.47%

• Italian/German 10Y Yld Spread 272.75 -.25 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 70.20 -.72%
  

• Emerging Market CDS Index 198.55 -1.57%
  

• iBoxx Offshore RMB China Corporate High Yield Index 162.68 +.03%

• 2-Year Swap Spread 10.0 unch.

• TED Spread 13.25 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -17.0 +.25 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.34 +.51%

• 3-Month T-Bill Yield 2.42% +1.0 basis point

• Yield Curve 20.50 +2.0 basis points

• China Iron Ore Spot 94.15 USD/Metric Tonne +4.1%

• Citi US Economic Surprise Index -47.70 -4.8 points

• Citi Eurozone Economic Surprise Index -16.70 +.2 point

• Citi Emerging Markets Economic Surprise Index -19.30 -1.6 points

• 10-Year TIPS Spread 1.87 +1.0 basis point

• 15.7% chance of Fed rate cut at July 31st meeting, 36.1% chance of cut at Sept. 18th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +41 open in Japan 

• China A50 Futures: Indicating -231 open in China

• DAX Futures: Indicating +92 open in Germany

Portfolio:

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: 75% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth -.7%

Sector Underperformers:

• 1) Tobacco -2.4% 2) Papers -2.3% 3) Oil Service -1.7%

Stocks Falling on Unusual Volume: 

• FGEN, SSTI, SYMC, PBYI, YELP, UPWK, UBNT, ELY, RBA, FSCT, NVRO, QRTEA, ALRM, MOMO, AAXN, AMRX, CORT, EXAS, TRHC, WYNN, AQUA, MTW and AMBC

Stocks With Unusual Put Option Activity:

• 1) SYMC 2) AET 3) NSC 4) Z 5) YELP

Stocks With Most Negative News Mentions:

• 1) HK 2) PBYI 3) JMIA 4) MLNT 5) VSTM

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Value -.4%

Sector Outperformers:

• 1) Utilities +.7% 2) Shipping +.7% 3) Steel +.6%

Stocks Rising on Unusual Volume:

• BPL, Z, ZG, CDLX, STMP, GTHX, JYNT, SWIR, SYNA, GH, FLY, AVDR, JD, ROAD, ICPT, QTRX, SONO, NS, XNCR, BAM, ECPG, QNST, GLOB, AXNX, UPLD, VSTO, SYNA, CHRS, FLXN, ATNX, ZS, KTOS, TEN, SIC and LNG

Stocks With Unusual Call Option Activity:

• 1) Z 2) SPWR 3) GPRO 4) PII 5) HL

Stocks With Most Positive News Mentions:

• 1) JD 2) NWSA 3) REPH 4) ZG 5) SAM

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -12.4% Below 100-Day Average
• 1 Sector Rising, 10 Sectors Declining
• 27.8% of Issues Advancing, 69.4% Declining
• 48 New 52-Week Highs, 69 New Lows
• 53.2% of Issues Above 200-day Moving Average
• Average 14-Day RSI 45.3%
• Vix 19.9 +4.1%
• Total Put/Call 1.1 -14.1%
• TRIN/Arms 1.68 +40.3%