Weekly Scoreboard*

S&P 500 2,885.81 +.37%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,093.64 +.42%

• NASDAQ 7,801.15 +.72%

• Russell 2000 1,524.98 +.65%

• S&P 500 High Beta 40.95 -.22%

• Goldman 50 Most Shorted 150.24 +1.33%

• Wilshire 5000 29,661.68 +.44%

• Russell 1000 Growth 1,557.83 +.37%

• Russell 1000 Value 1,229.44 +.30%

• S&P 500 Consumer Staples 603.81 +.75%

• MSCI Cyclicals-Defensives Spread 1,084.27 +.28%
  

• NYSE Technology 1,835.15 -.60%

• Transports 10,297.15 +1.46%

• Utilities 814.90 +.98%

• Bloomberg European Bank/Financial Services 71.01 -.69%

• MSCI Emerging Markets 41.32 +.18%

• HFRX Equity Hedge 1,218.62 +.73%

• HFRX Equity Market Neutral 960.27 unch.

Sentiment/Internals

• NYSE Cumulative A/D Line 356,650 +1.11%

• Bloomberg New Highs-Lows Index 26 +50

• Bloomberg Crude Oil % Bulls 52.57 -3.16%

• CFTC Oil Net Speculative Position 400,168 -8.83%

• CFTC Oil Total Open Interest 2,078,407 -1.16%

• Total Put/Call 1.0 +20.25%

• OEX Put/Call 1.04 +243.3%

• ISE Sentiment 83.0 -2.67%

• NYSE Arms 1.19 -2.84%

• Volatility(VIX) 15.70 -2.94%

• S&P 500 Implied Correlation 38.84 -.41%

• G7 Currency Volatility (VXY) 6.03 -4.26%

• Emerging Markets Currency Volatility (EM-VXY) 8.43 -3.79%

• Smart Money Flow Index 15,089.98 -1.18%

• ICI Money Mkt Mutual Fund Assets $3.163 Trillion n/a

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$8.191 Billion

• AAII % Bulls 26.8 +19.1%

• AAII % Bears 34.2 -19.7%

Futures Spot Prices

• CRB Index 174.87 +.45%

• Crude Oil 53.56 -2.37%

• Reformulated Gasoline 173.11 -.02%

• Natural Gas 2.38 +2.35%

• Heating Oil 183.07 +.61%

• Gold 1,345.30 +.64%

• Bloomberg Base Metals Index 171.78 +.45%

• Copper 262.80 +.42%

• US No. 1 Heavy Melt Scrap Steel 299.0 USD/Metric Tonne unch.

• China Iron Ore Spot 103.10 USD/Metric Tonne +6.11%

• Lumber 386.40 +19.95%

• UBS-Bloomberg Agriculture 923.27 -2.52%

Economy

• Atlanta Fed GDPNow Forecast +1.39% -8.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -1.9% -60.0 basis points
• Bloomberg US Recession Probability Next 12 Months 30.0% +20.0%

• Philly Fed ADS Real-Time Business Conditions Index -.3142 +5.90%

• US Economic Policy Uncertainty Index 152.73 +4.12%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 175.17 +.08%

• Citi US Economic Surprise Index -55.40 +1.0 point

• Citi Eurozone Economic Surprise Index -19.40 +5.8 points

• Citi Emerging Markets Economic Surprise Index -27.50 +3.7 points

• Fed Fund Futures imply 77.1% chance of no change, 22.9% chance of 25 basis point cut on 6/19

• US Dollar Index 97.53 +.94%

• MSCI Emerging Markets Currency Index 1,624.47 +.06%

• Bitcoin/USD 8,370.02 +6.74%

• Euro/Yen Carry Return Index 126.39 -.81%

• Yield Curve 24.0 +.25 basis point
  

• 10-Year US Treasury Yield 2.08% -1.0 basis point

• Federal Reserve's Balance Sheet $3.811 Trillion +.07%

• U.S. Sovereign Debt Credit Default Swap 15.97 -2.83%

• Illinois Municipal Debt Credit Default Swap 134.99 -.01%

• Italian/German 10Y Yld Spread 260.25 -1.25 basis points

• China Sovereign Debt Credit Default Swap 50.91 -7.26%
  

• Emerging Markets Sovereign Debt CDS Index 63.84 -8.76%
  

• Israel Sovereign Debt Credit Default Swap 67.06 -1.06%

• South Korea Sovereign Debt Credit Default Swap 33.01 -2.31%

• Russia Sovereign Debt Credit Default Swap 123.68 -2.94%

• iBoxx Offshore RMB China Corporate High Yield Index 163.62 +.12%

• 10-Year TIPS Spread 1.65% unch.

• TED Spread 27.0 +9.0 basis points

• 2-Year Swap Spread 2.0 -4.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -15.0 -4.0 basis points

• N. America Investment Grade Credit Default Swap Index 61.16 -2.53%
  

• America Energy Sector High-Yield Credit Default Swap Index 628.0 +1.14%

• European Financial Sector Credit Default Swap Index 78.29 -2.96%
  

• Emerging Markets Credit Default Swap Index 193.70 -3.0%
  

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

• M1 Money Supply $3.910 Trillion +2.67%

• Commercial Paper Outstanding 1,098.80 -.1%

• 4-Week Moving Average of Jobless Claims 217,750 +2,750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.82% unch.

• Weekly Mortgage Applications 529.80 +26.8%

• Bloomberg Consumer Comfort 61.6 -.1 point

• Weekly Retail Sales +5.0% -50.0 basis points

• Nationwide Gas $2.71/gallon -.06/gallon

• Baltic Dry Index 1,062.0 -6.68%

• China (Export) Containerized Freight Index 795.58  n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.50 unch.

• Rail Freight Carloads 266,341 +10.4%

Best Performing Style

• Small-Cap Growth +.9%

Worst Performing Style

• Mid-Cap Growth unch.

Leading Sectors

• Steel +4.0%

• Gold & Silver +3.3%

• Gaming +2.8%

• Airlines +2.3%

• Retail +2.2%

Lagging Sectors

• Telecom -2.5% 

• Tobacco -2.7%

• Video Gaming -2.7%

• Oil Service -3.7%

• Coal -5.9%

Weekly High-Volume Stock Gainers (5)

• BYND, LIND, PAYS, VRS and LPX

Weekly High-Volume Stock Losers (7)

• LGF/B, SPR, RETA, GBT, DLTH, TNDM and NTNX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Lower into Afternoon on China Trade Deal Worries, Earnings Concerns, Emerging Markets Debt Angst, Energy/Tech Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Most Sectors Declining
  

• Volume: Light

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 15.67 -.95%

• Euro/Yen Carry Return Index 126.35 -.50%

• Emerging Markets Currency Volatility(VXY) 8.43 +.72%

• S&P 500 Implied Correlation 38.82 +.34%

• ISE Sentiment Index 83.0 -6.74%
  

• Total Put/Call 1.0 +12.4%

• NYSE Arms 1.19 +60.8%

Credit Investor Angst:

• North American Investment Grade CDS Index 61.39 +1.02%
  

• America Energy Sector High-Yield CDS Index 628.0 -.43%

• European Financial Sector CDS Index 78.68 -.13%

• Italian/German 10Y Yld Spread 260.25 +.5 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 72.78 +.29%
  

• Emerging Market CDS Index 194.18 +1.46%
  

• iBoxx Offshore RMB China Corporate High Yield Index 163.61 +.02%

• 2-Year Swap Spread 2.0 -.75 basis piont

• TED Spread 27.0 +2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -15.0 -1.25 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.36 -.32%
• 3-Month T-Bill Yield 2.17% -1.0 basis point

• Yield Curve 24.5 -1.75 basis points

• China Iron Ore Spot 102.65 USD/Metric Tonne -2.28%

• Citi US Economic Surprise Index -55.40 +4.3 points

• Citi Eurozone Economic Surprise Index -19.4 +1.0 point

• Citi Emerging Markets Economic Surprise Index -27.50 -3.8 points

• 10-Year TIPS Spread 1.64 -5.0 basis points
• 82.7% chance of Fed rate cut at July 31st meeting, 97.2% chance of cut at Sept. 18th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -36 open in Japan 
• China A50 Futures: Indicating -128 open in China

• DAX Futures: Indicating +3 open in Germany

Portfolio:

• Slightly lower: On losses in my tech sector longs

• Disclosed Trades: None

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Growth -.9%

Sector Underperformers:

• 1) Oil Service -3.7% 2) Semis -2.7% 3) Networking -1.8%

Stocks Falling on Unusual Volume: 

• IGV, GBT, AVGO, ENTA, TNDM, ATRO, NTNX, DLTH, NBLX, SCHW, RH, FFIV, HOFT, TU, SSL, PLAN, MYGN, CFXA, RTEC, CCEP, VRTS, DCO, DISCK, DBX and GRVY

Stocks With Unusual Put Option Activity:

• 1) COG 2) ARQL 3) AVGO 4) KEM 5) MET

Stocks With Most Negative News Mentions:

• 1) MLNT 2) FAST 3) AVGO 4) ATRO 5) DCO

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Value -.3%

Sector Outperformers:

• 1) Gold & Silver +1.0% 2) Homebuilders +.8% 3) Utilities +.7%

Stocks Rising on Unusual Volume:

• BXG, KURA, CHUY, PJT, OSB, LPX, DOCU, BJRI, SNE, AU, LIND, PTEN and PAYS

Stocks With Unusual Call Option Activity:

• 1) AA 2) ITCI 3) GBT 4) AEO 5) BOX

Stocks With Most Positive News Mentions:

• 1) ARQL 2) LPX 3) KURA 4) LULU 5) ANF

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -24.0% Below 100-Day Average
• 4 Sectors Rising, 7 Sectors Declining
• 33.6% of Issues Advancing, 62.8% Declining
• 94 New 52-Week Highs, 44 New Lows
• 51.4% of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.1%
• Vix 15.8 -.2%
• Total Put/Call .90 +1.1%
• TRIN/Arms 1.13 +52.7%