Today's Headlines

Bloomberg:   

• U.S. Wage Growth Eclipses Mortgage Rate for First Time Since 1972.

• S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics.

• Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs.

• Your Weekend Reading: The Year of Deadly Protests.  

• Robots in Aisle Two: Supermarket Survival Means Matching Amazon.

Wall Street Journal:

• Mexico’s Polarizing President Presides Over Rising Violence, Flailing Economy.

• Amazon, Facebook Expand in New York.

• The Labor Virtues of Growth.

• ‘Free College for All’ Is an Experiment That Has Already Failed.

• Iran Releases American Citizen in Prisoner Swap,

CNBC:

• Dow surges more than 300 points on blockbuster jobs data, S&P 500 erases losses for the week.

• Elon Musk found not liable in ‘pedo guy’ defamation trial.

• Here’s where the jobs are — in one chart.

• Joe Biden claims he said ‘facts’ not ‘fat’ to Iowa voter: Listen to the tape yourself.

• Stocks surge on strong jobs report—what 5 pros see ahead for the US economy.

• Warren’s antitrust bill would dramatically boost government control over the biggest US companies.

• It’s possible the US economy is not ‘late cycle’ but rather just recharging.

• Bezos says ‘the country is in trouble’ if big tech turns its back on Pentagon: ‘We are the good guys’.

• Citigroup is raising its stock forecast for 2020 despite election year uncertainty.

Barron's:

• Had bullish commentary on (EVER), (EXPE), (CLF), (DAD), (CODI), (QLYS), (LECO) and (HASI).

MarketWatch.com:

• Does the stock market even need a U.S.-China trade deal with the jobs report this hot?

• Trump is not ready to sign a trade deal and the stock market doesn’t care.

Fox News:

• Saudi Naval Air Station shooter condemned US in online post before deadly rampage: report.

• 'Definitely going to take legal action,' Nunes says after phone records exposed in impeachment report.

Zero Hedge:

• Six Saudis Arrested For Questioning After Pensacola Shooting - Three Were Filming Attack.

• Naval Base Shooter Hosted Dinner Party To Watch Mass Shooting Videos Night Before Attack.

• Biden And Pelosi Snap On The Same Day, Anti-Impeachment Witness Threatened; What's Going On With Democrats?

• CNN Ratings Drop To Three-Year Low Amid Constant Impeachment Coverage.

• North Korea Says Denuclearization "Off Negotiating Table" After Breakdown In Talks.

• Germany: Antifa Radicals Threaten To Assassinate AfD Member Of Parliament.

• Tennessee Offered Free College To Fix Its Crumbling Educational System. Then Something Unexpected Happened.

• Greta Thunberg Enraged After Climate Strikes "Achieved Nothing", Has Yet To Visit China.

• New Data Reveals Which College Grads Earn Most And Which Carry The Most Debt.

• White House Tells Democrats It Won't Participate In Next Week's Impeachment Hearings.

• NYU-Shanghai Quietly Adds Communist-Sympathizing, Pro-Chinese Government Course.

• Terrorism Probe Opened After Pensacola Shooter IDed As Saudi National Mohammed Alshamrani; Was There For Pilot Training.

• As Ray Dalio Rises To Celebrity Status, Investors Ignore His Sub-Par Returns.

• Kunstler: "All The Players In This Great Game Of 'Gotcha' Are About To Face The Consequences".

• October Credit Card Usage Surges To All Time HIgh As Americans Regain Their Spending Mojo.

• Wild, Rollercoaster Week Ends Where It Started After Blockbuster Jobs, Return Of "Deal Optimism".

Business Insider: 

• 27 tech gifts for women that she'll love to get this holiday season.

Weekly Scoreboard*

S&P 500 3,145.91 +.16%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 28,015.06 -.13%

• NASDAQ 8,656.53 -.1%

• Russell 2000 1,633.84 +.57%

• S&P 500 High Beta 44.37 +.11%

• Goldman 50 Most Shorted 156.08 +.75%

• Wilshire 5000 32,199.30 +.12%

• Russell 1000 Growth 1,716.94 -.19%

• Russell 1000 Value 1,319.89 +.40%

• S&P 500 Consumer Staples 639.92 +.92%

• MSCI Cyclicals-Defensives Spread 1,110.69 -1.43%
  

• NYSE Technology 2,042.73 -.71%

• Transports 10,708.54 -1.37%

• Utilities 855.04 +.39%

• Bloomberg European Bank/Financial Services 75.25 +.4%

• MSCI Emerging Markets 43.18 +1.47%

• HFRX Equity Hedge 1,259.56 +.04%

• HFRX Equity Market Neutral 962.51 +.01%

Sentiment/Internals

• NYSE Cumulative A/D Line 383,209 -.50%

• Bloomberg New Highs-Lows Index 38 +140

• Bloomberg Crude Oil % Bulls 42.1 +34.0%

• CFTC Oil Net Speculative Position 470,936 +9.5%

• CFTC Oil Total Open Interest 2,187,168 +2.99%

• Total Put/Call .85 -13.3%

• OEX Put/Call .34 -12.82%

• ISE Sentiment 119.0 +3.0 points

• NYSE Arms .84 -45.96%

• Volatility(VIX) 13.58 +6.89%

• S&P 500 Implied Correlation 42.78 +5.94%

• G7 Currency Volatility (VXY) 5.77 +4.53%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.78 -.73%

• Smart Money Flow Index 14,981.52 -.17%

• ICI Money Mkt Mutual Fund Assets $3.579 Trillion +.07%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$.609 Billion

• AAII % Bulls 31.7 -5.7%

• AAII % Bears 29.1 -3.8%

Futures Spot Prices

• CRB Index 181.21 +2.52%

• Crude Oil 59.09 +6.5%

• Reformulated Gasoline 164.36 +2.46%

• Natural Gas 2.35 +2.03%

• Heating Oil 195.15 +3.57%

• Gold 1,465.20 -.24%

• Bloomberg Base Metals Index 170.55 -.98%

• Copper 273.15 +3.18%

• US No. 1 Heavy Melt Scrap Steel 290.90 USD/Metric Tonne +10.9%

• China Iron Ore Spot 87.97 USD/Metric Tonne +1.7%

• Lumber 405.10 -2.47%

• UBS-Bloomberg Agriculture 867.59 +.57%

Economy

• Atlanta Fed GDPNow Forecast +1.96% +30.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +2.4% +70.0 basis points
• Bloomberg US Recession Probability Next 12 Months 33.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1450 +9.71%

• US Economic Policy Uncertainty Index 1,320.85 +1,242.7%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 176.34 +.07%

• Citi US Economic Surprise Index 7.5 -5.6 points

• Citi Eurozone Economic Surprise Index -5.8 +3.1 points

• Citi Emerging Markets Economic Surprise Index -23.0 +4.1 points

• Fed Fund Futures imply 97.0% chance of no change, 0.0% chance of rate cut on 12/11

• US Dollar Index 97.73 -.53%

• MSCI Emerging Markets Currency Index 1,631.99 +.06%

• Bitcoin/USD 7,451.55 -3.57%

• Euro/Yen Carry Return Index 124.58 -.52%

• Yield Curve 22.0 +6.0 basis points
  

• 10-Year US Treasury Yield 1.84% +6.0 basis points

• Federal Reserve's Balance Sheet $4.027 Trillion +.33%

• U.S. Sovereign Debt Credit Default Swap 13.63 +1.11%

• Illinois Municipal Debt Credit Default Swap 158.77 -6.03%
  

• Italian/German 10Y Yld Spread 163.75 +4.75 basis points

• China Sovereign Debt Credit Default Swap 38.17 -.26%
  

• Brazil Sovereign Debt Credit Default Swap 118.14 -5.26%
  

• Israel Sovereign Debt Credit Default Swap 51.55 +1.14%

• South Korea Sovereign Debt Credit Default Swap 26.38 -3.5%

• Russia Sovereign Debt Credit Default Swap 66.0 -4.94%

• iBoxx Offshore RMB China Corporate High Yield Index 167.88 -.20%

• 10-Year TIPS Spread 1.71% +8.0 basis points

• TED Spread 37.25 +3.5 basis point

• 2-Year Swap Spread 2.5 -4.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -13.25 +4.5 basis points

• N. America Investment Grade Credit Default Swap Index 49.31 -1.19%
  

• America Energy Sector High-Yield Credit Default Swap Index 651.0 +4.89%

• European Financial Sector Credit Default Swap Index 55.50 -1.68%
  

• Emerging Markets Credit Default Swap Index 200.13 -1.81%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 +1.0 basis point
  

• M1 Money Supply $3.974 Trillion +1.0%

• Commercial Paper Outstanding 1,135.5 -.2%

• 4-Week Moving Average of Jobless Claims 217,750 -2,000

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.68% unch.

• Weekly Mortgage Applications 512.4 -9.17%

• Bloomberg Consumer Comfort 61.7 +1.2 points

• Weekly Retail Sales +5.30% +90.0 basis points

• Nationwide Gas $2.59/gallon unch.

• Baltic Dry Index 1,575 +3.08%

• China (Export) Containerized Freight Index 825.57 -1.25%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 55.0 -12.0%

• Rail Freight Carloads 221,774 -17.87%

Best Performing Style

• Small-Cap Value +.9%

Worst Performing Style

• Mid-Cap Growth -.3%

Leading Sectors

• Oil Service +5.4%

• Steel +4.4%

• Paper +2.4%

• Foods +1.6%

• Video Gaming +1.5%

Lagging Sectors

• Computer Services -1.1% 

• Road & Rail -1.3%

• Construction -1.4%

• Internet -1.5%

• Networking -2.0%

Weekly High-Volume Stock Gainers (21)

• DOMO, RCKT, ULTA, PGNY, CLDR, DTIL, MEI, REGI, GTES, TCDA, ALLO, GTT, RH, SGRY, PVAC, SOI, GBT, TFX, PDCO and LE

Weekly High-Volume Stock Losers (6)

• MDLA, CIEN, GWRE, PD, YEXT and ZM

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change