Weekly Scoreboard*

S&P 500 2,828.68 -1.07%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,599.88 -.65%

• NASDAQ 7,650.64 -2.14%

• Russell 2000 1,512.02 -1.53%

• S&P 500 High Beta 40.42 -2.47%

• Goldman 50 Most Shorted 149.31 -3.33%

• Wilshire 5000 29,098.49 -1.12%

• Russell 1000 Growth 1,520.12 -1.44%

• Russell 1000 Value 1,210.33 -.78%

• S&P 500 Consumer Staples 591.60 -.29%

• MSCI Cyclicals-Defensives Spread 1,080.94 -1.89%
  

• NYSE Technology 1,825.22 -3.53%

• Transports 10,125.70 -3.45%

• Utilities 806.69 +2.1%

• Bloomberg European Bank/Financial Services 73.49 -3.03%

• MSCI Emerging Markets 40.21 -.84%

• HFRX Equity Hedge 1,209.50 +.06%

• HFRX Equity Market Neutral 961.55 -.13%

Sentiment/Internals

• NYSE Cumulative A/D Line 351,079 -1.04%

• Bloomberg New Highs-Lows Index -417 -470

• Bloomberg Crude Oil % Bulls 32.4 -42.2%

• CFTC Oil Net Speculative Position 487,808 -1.3%

• CFTC Oil Total Open Interest 2,153,657 +.94%

• Total Put/Call .99 +4.59%

• OEX Put/Call .17 -8.06%

• ISE Sentiment 66.0 +11.25%

• NYSE Arms 1.04 -11.65%

• Volatility(VIX) 15.95 +2.32%

• S&P 500 Implied Correlation 39.73 +3.12%

• G7 Currency Volatility (VXY) 6.28 -1.73%

• Emerging Markets Currency Volatility (EM-VXY) 8.51 -5.57%

• Smart Money Flow Index 15,229.34 -.62%

• ICI Money Mkt Mutual Fund Assets $3.131 Trillion +.97%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$9.570 Billion

• AAII % Bulls 24.7 -17.1%

• AAII % Bears 36.1 -8.2%

Futures Spot Prices

• CRB Index 178.36 -1.84%

• Crude Oil 58.48 -7.86%

• Reformulated Gasoline 192.03 -6.55%

• Natural Gas 2.60 -1.75%

• Heating Oil 196.58 -6.64%

• Gold 1,283.60 +.49%

• Bloomberg Base Metals Index 174.73 -1.48%

• Copper 269.90 -1.19%

• US No. 1 Heavy Melt Scrap Steel 300.0 USD/Metric Tonne +2.39%

• China Iron Ore Spot 102.66 USD/Metric Tonne +4.95%

• Lumber 325.50 +.12%

• UBS-Bloomberg Agriculture 870.69 +2.36%

Economy

• Atlanta Fed GDPNow Forecast +1.26% +9.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate 0.0% -20.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.2270 +6.78%

• US Economic Policy Uncertainty Index 60.0 -36.7%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 174.58 +.19%

• Citi US Economic Surprise Index -40.10 -9.0 points

• Citi Eurozone Economic Surprise Index -21.70 -7.1 points

• Citi Emerging Markets Economic Surprise Index -27.30 +5.6 points

• Fed Fund Futures imply 96.8% chance of no change, 3.2% chance of 25 basis point cut on 6/19

• US Dollar Index 97.55 -.39%

• MSCI Emerging Markets Currency Index 1,612.65 +.04%

• Bitcoin/USD 8,104.90 +13.9%

• Euro/Yen Carry Return Index 127.33 -.29%

• Yield Curve 15.5 -3.75 basis points
  

• 10-Year US Treasury Yield 2.32% -7.0 basis points

• Federal Reserve's Balance Sheet $3.822 Trillion -.11%

• U.S. Sovereign Debt Credit Default Swap 16.10 -.03%

• Illinois Municipal Debt Credit Default Swap 130.12 -18.7%

• Italian/German 10Y Yld Spread 267.0 -8.5 basis points

• China Sovereign Debt Credit Default Swap 52.40 +7.21%
  

• Emerging Markets Sovereign Debt CDS Index 79.98 +.02%
  

• Israel Sovereign Debt Credit Default Swap 70.02 +1.08%

• South Korea Sovereign Debt Credit Default Swap 35.94 +3.37%

• Russia Sovereign Debt Credit Default Swap 127.25 -1.66%

• iBoxx Offshore RMB China Corporate High Yield Index 163.02 +.11%

• 10-Year TIPS Spread 1.77% -6.0 basis points

• TED Spread 18.25 +3.5 basis points

• 2-Year Swap Spread 3.25 -3.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -18.25 -1.75 basis points

• N. America Investment Grade Credit Default Swap Index 64.97 +3.25%
  

• America Energy Sector High-Yield Credit Default Swap Index 564.0 +7.97%

• European Financial Sector Credit Default Swap Index 87.32 +7.44%
  

• Emerging Markets Credit Default Swap Index 206.98 +.31%
  

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

• M1 Money Supply $3.758 Trillion +.29%

• Commercial Paper Outstanding 1,082.70 -.80%

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

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 4.06% -1.0 basis point

• Weekly Mortgage Applications 425.60 +2.38%

• Bloomberg Consumer Comfort 60.3 +.4 point

• Weekly Retail Sales +5.30% -10.0 basis points

• Nationwide Gas $2.85/gallon -.01/gallon

• Baltic Dry Index 1068.0 +2.69%

• China (Export) Containerized Freight Index 802.72 -.22%

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

• Rail Freight Carloads 269,352 -.47%

Best Performing Style

• Large-Cap Value -1.0%

Worst Performing Style

• Small-Cap Value -2.3%

Leading Sectors

• Utilities +2.3%

• Pharma +1.4%

• Education +1.2%

• Medical Equipment +.9%

• Healthcare Providers +.7%

Lagging Sectors

• Semis -5.5% 

• Paper -5.7%

• Coal -6.9%

• Oil Service -8.7%

• Disk Drives -9.0%

Weekly High-Volume Stock Gainers (4)

• ARWR, KTOS, DECK and MHK

Weekly High-Volume Stock Losers (6)

• IONS, ADSK, BC, BKE, SPLK and FL

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Afternoon on Less European Debt Angst, Oil Gain, Short-Covering, Airline/Homebuilding Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 15.9 -5.6%

• Euro/Yen Carry Return Index 127.28 -.03%

• Emerging Markets Currency Volatility(VXY) 8.51 -1.62%

• S&P 500 Implied Correlation 39.94 -1.53%

• ISE Sentiment Index 67.0 -2.9%
  

• Total Put/Call .94 -22.31%

• NYSE Arms 1.19 +5.31%

Credit Investor Angst:

• North American Investment Grade CDS Index 64.97 +.45%
  

• America Energy Sector High-Yield CDS Index 564.0 +4.17%

• European Financial Sector CDS Index 87.11 -2.31%

• Italian/German 10Y Yld Spread 267.0 -8.75 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 74.20 +.46%
  

• Emerging Market CDS Index 207.07 -1.05%
  

• iBoxx Offshore RMB China Corporate High Yield Index 163.02 +.04%

• 2-Year Swap Spread 3.5 -1.0 basis points

• TED Spread 18.25 +1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -18.25 -1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.85 +.39%

• 3-Month T-Bill Yield 2.34% -1.0 basis point

• Yield Curve 15.75 -1.0 basis point

• China Iron Ore Spot 102.30 USD/Metric Tonne +1.36%

• Citi US Economic Surprise Index -40.10 -.2 point

• Citi Eurozone Economic Surprise Index -21.70 +.3 point

• Citi Emerging Markets Economic Surprise Index -27.30 +1.0 points

• 10-Year TIPS Spread 1.77 +2.0 basis points

• 17.6% chance of Fed rate cut at July 31st meeting, 47.3% chance of cut at Sept. 18th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -12 open in Japan 

• China A50 Futures: Indicating -100 open in China

• DAX Futures: Indicating +3 open in Germany

Portfolio:

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

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my emerging market shorts

• Market Exposure: Moved to 25% Net Long