Weekly Scoreboard*

S&P 500 2,944.05 -.61%

 























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,501.75 -1.23%

• NASDAQ 7,966.21 +.32%

• Russell 2000 1,494.68 -1.72%

• S&P 500 High Beta 40.53 -1.51%

• Goldman 50 Most Shorted 142.06 -.95%

• Wilshire 5000 30,094.92 -.68%

• Russell 1000 Growth 1,598.83 +.41%

• Russell 1000 Value 1,239.88 -1.57%

• S&P 500 Consumer Staples 628.05 +.21%

• MSCI Cyclicals-Defensives Spread 1,108.20 -.41%
  

• NYSE Technology 1,923.69 +1.49%

• Transports 9,993.37 -3.38%

• Utilities 878.44 +.19%

• Bloomberg European Bank/Financial Services 67.69 -5.2%

• MSCI Emerging Markets 41.04 +.13%

• HFRX Equity Hedge 1,235.80 -.48%

• HFRX Equity Market Neutral 958.62 -.04%

Sentiment/Internals

• NYSE Cumulative A/D Line 370,911 -.79%

• Bloomberg New Highs-Lows Index -413 -322

• Bloomberg Crude Oil % Bulls 39.3 +37.5%

• CFTC Oil Net Speculative Position 424,162 -.69%

• CFTC Oil Total Open Interest 2,048,088 -1.20%

• Total Put/Call 1.06 unch.

• OEX Put/Call .33 -15.4%

• ISE Sentiment 75.0 -1.6%

• NYSE Arms 1.23 +26.5%

• Volatility(VIX) 17.4 +.93%

• S&P 500 Implied Correlation 43.03 +.71%

• G7 Currency Volatility (VXY) 6.71 -2.19%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.02 -1.23%

• Smart Money Flow Index 14,388.70 -1.27%

• ICI Money Mkt Mutual Fund Assets $3.463 Trillion -.59%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$13.957 Billion

• AAII % Bulls 21.4 -27.2%

• AAII % Bears 39.4 +18.6%

Futures Spot Prices

• CRB Index 173.49 -1.26%

• Crude Oil 52.70 -6.19%

• Reformulated Gasoline 156.95 -2.46%

• Natural Gas 2.35 -1.88%

• Heating Oil 189.33 -2.46%

• Gold 1,512.80 +.63%

• Bloomberg Base Metals Index 172.73 -.37%

• Copper 256.15 -1.44%

• US No. 1 Heavy Melt Scrap Steel 235.0 USD/Metric Tonne -.84%

• China Iron Ore Spot 88.52 USD/Metric Tonne -.37%

• Lumber 365.30 -1.54%

• UBS-Bloomberg Agriculture 859.20 +1.79%

Economy

• Atlanta Fed GDPNow Forecast +1.76% -35.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate .8% +100.0 basis points
• Bloomberg US Recession Probability Next 12 Months 35.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.0552 -2.99%

• US Economic Policy Uncertainty Index 124.03 -22.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.40 +.19%

• Citi US Economic Surprise Index 23.20 +21.1 points

• Citi Eurozone Economic Surprise Index -76.70 -1.8 points

• Citi Emerging Markets Economic Surprise Index -9.40 -1.3 points

• Fed Fund Futures imply 23.0% chance of no change, 77.0% chance of rate cut on 10/30

• US Dollar Index 98.82 -.28%

• MSCI Emerging Markets Currency Index 1,609.25 -.09%

• Bitcoin/USD 8,183.12 +1.51%

• Euro/Yen Carry Return Index 121.85 +.12%

• Yield Curve 12.0 +9.0 basis points
  

• 10-Year US Treasury Yield 1.51% -18.0 basis points

• Federal Reserve's Balance Sheet $3.907 Trillion +2.29%

• U.S. Sovereign Debt Credit Default Swap 15.43 +5.87%

• Illinois Municipal Debt Credit Default Swap 190.06 -1.01%
  

• Italian/German 10Y Yld Spread 141.75 +2.0 basis points

• China Sovereign Debt Credit Default Swap 49.02 +3.69%
  

• Brazil Sovereign Debt Credit Default Swap 138.40 +.03%
  

• Israel Sovereign Debt Credit Default Swap 56.47 +.26%

• South Korea Sovereign Debt Credit Default Swap 33.65 +.48%

• Russia Sovereign Debt Credit Default Swap 89.79 +7.32%

• iBoxx Offshore RMB China Corporate High Yield Index 166.11 +.1%

• 10-Year TIPS Spread 1.50% -4.0 basis points

• TED Spread 35.25 +2.75 basis points

• 2-Year Swap Spread +2.75 +3.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -25.75 +5.75 basis points

• N. America Investment Grade Credit Default Swap Index 60.85 -.6%
  

• America Energy Sector High-Yield Credit Default Swap Index 495.0 +13.8%

• European Financial Sector Credit Default Swap Index 68.18 +2.36%
  

• Emerging Markets Credit Default Swap Index 209.26 -1.39%
  

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

• M1 Money Supply $3.900 Trillion -.38%

• Commercial Paper Outstanding 1,092.70 -.4%

• 4-Week Moving Average of Jobless Claims 212,500 +500

• Continuing Claims Unemployment Rate 1.1% unch.
  

• Average 30-Year Mortgage Rate 3.65% +1.0 basis point

• Weekly Mortgage Applications 553.80 +8.12%

• Bloomberg Consumer Comfort 62.0 +.3 point

• Weekly Retail Sales +5.70% unch.

• Nationwide Gas $2.66/gallon +.01/gallon

• Baltic Dry Index 1,757 -5.39%

• China (Export) Containerized Freight Index 807.84 n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 45.0 +28.6%

• Rail Freight Carloads 278,886 +.36%

Best Performing Style

• Large-Cap Growth -.2%

Worst Performing Style

• Small-Cap Value -3.0%

Leading Sectors

• Homebuilding +2.9%

• Semis +1.4%

• Video Gaming +1.1%

• Software +.9%

• Shipping +.5%

Lagging Sectors

• Banks -3.8% 

• Energy -4.0%

• Road & Rail -4.1%

• Oil Service -5.3%

• I-Banks -7.8%

Weekly High-Volume Stock Gainers (6)

• RNG, SRPT, SGH, ZYXI, ECC and CWEN/A

Weekly High-Volume Stock Losers (6)

• CLR, ANGO, EGHT, PFGC, HPQ and AVT

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising into Final Hour on US Economic Data, Less European/Emerging Markets/US High-Yield Debt Angst, Technical Buying, Homebuilding/Metals & Mining Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 17.7 -7.4%

• Euro/Yen Carry Return Index 121.85 +.12%

• Emerging Markets Currency Volatility(VXY) 8.02 -.99%

• S&P 500 Implied Correlation 43.6 -5.5%

• ISE Sentiment Index 73.0 -9.3%
  

• Total Put/Call 1.06 -22.0%

• NYSE Arms 1.27 +64.9%

Credit Investor Angst:

• North American Investment Grade CDS Index 61.10 -2.96%
  

• America Energy Sector High-Yield CDS Index 496.0 -.50%

• European Financial Sector CDS Index 68.29 -1.24%

• Italian/German 10Y Yld Spread 141.75 unch.
  

• Asia Ex-Japan Investment Grade CDS Index 78.87 +.33%
  

• Emerging Market CDS Index 209.38 -1.23%
  

• iBoxx Offshore RMB China Corporate High Yield Index 166.11 -.01%

• 2-Year Swap Spread 2.75 -1.5 basis points

• TED Spread 35.25 -2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -27.0 +.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.67 +.29%
• 3-Month T-Bill Yield 1.69% -1.0 basis point

• Yield Curve .12 -3.0 basis points

• China Iron Ore Spot 88.30 USD/Metric Tonne -.32%

• Citi US Economic Surprise Index 23.20 -1.3 points

• Citi Eurozone Economic Surprise Index -76.70 +.5 point

• Citi Emerging Markets Economic Surprise Index -9.40 -.6 point

• 10-Year TIPS Spread 1.50 +2.0 basis points
• 91.6% chance of Fed rate cut at Dec. 11th meeting, 96.8% chance of cut at Jan. 29th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +90 open in Japan 
• China A50 Futures: Indicating -54 open in China

• DAX Futures: Indicating +11 open in Germany

Portfolio:

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

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

• Market Exposure: Moved to 75% Net Long