Weekly Scoreboard*

S&P 500 2,857.60 -.91%

 
























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25,674.40 -.68%

• NASDAQ 7,771.79 -1.57%

• Russell 2000 1,467.44 -1.75%

• S&P 500 High Beta 39.31 -.96%

• Goldman 50 Most Shorted 136.98 -2.25%

• Wilshire 5000 29,274.80 -1.07%

• Russell 1000 Growth 1,569.69 -.80%

• Russell 1000 Value 1,196.17 -1.0%

• S&P 500 Consumer Staples 612.71 -.63%

• MSCI Cyclicals-Defensives Spread 1,100.21 +.75%
  

• NYSE Technology 1,862.39 -.99%

• Transports 9,777.31 -2.10%

• Utilities 835.38 +.69%

• Bloomberg European Bank/Financial Services 64.32 -.76%

• MSCI Emerging Markets 39.28 -1.15%

• HFRX Equity Hedge 1,228.18 +.27%

• HFRX Equity Market Neutral 941.95 -.76%

Sentiment/Internals

• NYSE Cumulative A/D Line 365,962 +1.22%

• Bloomberg New Highs-Lows Index -43 +706

• Bloomberg Crude Oil % Bulls 9.09 -63.6%

• CFTC Oil Net Speculative Position 382,144 +1.73%

• CFTC Oil Total Open Interest 2,059,135 -.53%

• Total Put/Call 1.16 +8.33%

• OEX Put/Call .74 +38.0%

• ISE Sentiment 57.0 -39.1%

• NYSE Arms 1.57 +294.60%

• Volatility(VIX) 20.92 +11.75%

• S&P 500 Implied Correlation 48.87 +2.94%

• G7 Currency Volatility (VXY) 7.56 -3.94%

• Emerging Markets Currency Volatility (EM-VXY) 8.73 -.34%

• Smart Money Flow Index 14,822.76 -.4%

• ICI Money Mkt Mutual Fund Assets $3.378 Trillion +.70%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$6.847 Billion

• AAII % Bulls 26.6 +14.9%

• AAII % Bears 39.7 -11.4%

Futures Spot Prices

• CRB Index 168.61 -1.02%

• Crude Oil 54.11 -1.29%

• Reformulated Gasoline 164.56 -.45%

• Natural Gas 2.15 -2.18%

• Heating Oil 181.46 +.24%

• Gold 1,532.0 +.92%

• Bloomberg Base Metals Index 171.29 -.71%

• Copper 253.0 -2.15%

• US No. 1 Heavy Melt Scrap Steel 284.0 USD/Metric Tonne -.70%

• China Iron Ore Spot 86.60 USD/Metric Tonne -.21%

• Lumber 362.30 +.36%

• UBS-Bloomberg Agriculture 825.66 -1.71%

Economy

• Atlanta Fed GDPNow Forecast +2.23% unch.

• ECRI Weekly Leading Economic Index Growth Rate -1.3% -80.0 basis points
• Bloomberg US Recession Probability Next 12 Months 35.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1592 +10.11%

• US Economic Policy Uncertainty Index 299.41 +54.8%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 175.80 +.34%

• Citi US Economic Surprise Index -16.60 +1.0 point

• Citi Eurozone Economic Surprise Index -41.50 +22.1 points

• Citi Emerging Markets Economic Surprise Index -23.80 -.5 point

• Fed Fund Futures imply 0.0% chance of no change, 100.0% chance of rate cut on 9/18

• US Dollar Index 97.69 -.45%

• MSCI Emerging Markets Currency Index 1,602.72 -.28%

• Bitcoin/USD 10,412.0 +.21%

• Euro/Yen Carry Return Index 121.86 -.46%

• Yield Curve 0.0 -6.25 basis points
  

• 10-Year US Treasury Yield 1.52% -3.0 basis points

• Federal Reserve's Balance Sheet $3.726 Trillion -.56%

• U.S. Sovereign Debt Credit Default Swap 14.64 -4.47%

• Illinois Municipal Debt Credit Default Swap 184.79 -.02%

• Italian/German 10Y Yld Spread 199.25 -8.75 basis points

• China Sovereign Debt Credit Default Swap 47.23 -8.53%
  

• Brazil Sovereign Debt Credit Default Swap 138.67 -.57%
  

• Israel Sovereign Debt Credit Default Swap 55.29 -8.89%

• South Korea Sovereign Debt Credit Default Swap 31.44 +.66%

• Russia Sovereign Debt Credit Default Swap 101.14 -.40%

• iBoxx Offshore RMB China Corporate High Yield Index 164.89 +.14%

• 10-Year TIPS Spread 1.54% -2.0 basis points

• TED Spread 14.75 -9.25 basis points

• 2-Year Swap Spread -.75 -2.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -12.5 -.75 basis point

• N. America Investment Grade Credit Default Swap Index 58.08 -1.47%
  

• America Energy Sector High-Yield Credit Default Swap Index 409.0 -4.29%

• European Financial Sector Credit Default Swap Index 64.46 -5.89%
  

• Emerging Markets Credit Default Swap Index 213.79 +4.65%
  

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

• M1 Money Supply $3.872 Trillion -.26%

• Commercial Paper Outstanding 1,130.10 -.4%

• 4-Week Moving Average of Jobless Claims 214,500 +750

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.55% -5.0 basis points

• Weekly Mortgage Applications 614.60 -.93%

• Bloomberg Consumer Comfort 61.5 +.3 point

• Weekly Retail Sales +4.70% +30.0 basis points

• Nationwide Gas $2.60/gallon -.04/gallon

• Baltic Dry Index 2,118 +1.44%

• China (Export) Containerized Freight Index 830.18 n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 +20.0%

• Rail Freight Carloads 273,053 +.39%

Best Performing Style

• Mid-Cap Growth -.2%

Worst Performing Style

• Small-Cap Growth -1.1%

Leading Sectors

• Gold & Silver +4.7%

• Homebuilders +3.9%

• Shipping +3.7%

• Defense +1.5%

• Disk Drives +1.2%

Lagging Sectors

• Healthcare Providers -3.3% 

• Education -3.6%

• Airlines -3.7%

• Papers -7.1%

• Coal -8.1%

Weekly High-Volume Stock Gainers (5)

• CBLK, RRGB, TLND, FSLY and INTU

Weekly High-Volume Stock Losers (9)

• SHLX, M, BCO, RTRX, CYRX, LYFT, EQT, LB and FLWS

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Falling Substantially into Afternoon on China Trade War Fears, European/Emerging Markets/US High-Yield Debt Angst, Technical Selling, Tech/Retail Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declinging
  

• Volume: Above Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 20.9 +25.3%

• Euro/Yen Carry Return Index 121.86 -.50%

• Emerging Markets Currency Volatility(VXY) 8.73 -.46%

• S&P 500 Implied Correlation 48.11 +11.5%

• ISE Sentiment Index 56.0 -34.9%
  

• Total Put/Call 1.16 +26.1%

• NYSE Arms 1.43 +50.5%

Credit Investor Angst:

• North American Investment Grade CDS Index 57.76 +5.8%
  

• America Energy Sector High-Yield CDS Index 410.0 +.61%

• European Financial Sector CDS Index 64.37 +2.93%

• Italian/German 10Y Yld Spread 199.25 +4.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 65.02 +.16%
  

• Emerging Market CDS Index 213.32 +3.65%
  

• iBoxx Offshore RMB China Corporate High Yield Index 164.87 +.02%

• 2-Year Swap Spread -.75 +.25 basis point

• TED Spread 14.75 -2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -12.5 +1.5 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.31 -.18%
• 3-Month T-Bill Yield 1.96% -2.0 basis points

• Yield Curve 0.0 unch.

• China Iron Ore Spot 86.61 USD/Metric Tonne -.68%

• Citi US Economic Surprise Index -16.6 -2.4 points

• Citi Eurozone Economic Surprise Index -41.50 +.2 point

• Citi Emerging Markets Economic Surprise Index -23.8 +1.3 points

• 10-Year TIPS Spread 1.54 -1.0 basis point
• 100.0% chance of Fed rate cut at Oct. 30th meeting, 100.0% chance of cut at Dec. 11th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -502 open in Japan 
• China A50 Futures: Indicating -272 open in China

• DAX Futures: Indicating -31 open in Germany

Portfolio:

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

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

• Market Exposure: Moved to 25% Net Long