Weekly Scoreboard*

S&P 500 3,295.04 -.53%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 29,033.71 -1.19%

• NASDAQ 9,329.53 -.41%

• Russell 2000 1,661.77 -2.47%

• S&P 500 High Beta 46.99 -2.27%

• Goldman 50 Most Shorted 155.78 -3.46%

• Wilshire 5000 33,699.40 -.85%

• Russell 1000 Growth 1,843.77 -.1%

• Russell 1000 Value 1,346.43 -1.02%

• S&P 500 Consumer Staples 652.95 -.22%

• MSCI Cyclicals-Defensives Spread 1,142.53 +.33%
  

• NYSE Technology 2,285.5 +.8%

• Transports 11,058.55 -2.55%

• Utilities 930.56 +3.34%

• Bloomberg European Bank/Financial Services 76.03 -1.86%

• MSCI Emerging Markets 44.75 -2.72%

• HFRX Equity Hedge 1,288.24 +.06%

• HFRX Equity Market Neutral 946.77 -.15%

Sentiment/Internals

• NYSE Cumulative A/D Line 401,209 -.06%

• Bloomberg New Highs-Lows Index 358 -922

• Bloomberg Crude Oil % Bulls 30.77 -16.1%

• CFTC Oil Net Speculative Position 530,312 -6.5%

• CFTC Oil Total Open Interest 2,215,893 -1.29%

• Total Put/Call 1.04 50.0%

• OEX Put/Call 3.41 -17.0%

• ISE Sentiment 55.0 -36

• NYSE Arms 1.99 +138.64%

• Volatility(VIX) 15.3 +20.0%

• S&P 500 Implied Correlation 41.44 +9.7%

• G7 Currency Volatility (VXY) 4.99 +1.01%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.08 +2.01%

• Smart Money Flow Index 15,465.13 -1.14%

• ICI Money Mkt Mutual Fund Assets $3.633 Trillion +.1%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$4.519 Billion

• AAII % Bulls 45.6 +9.0%

• AAII % Bears 24.8 -10.0%

Futures Spot Prices

• CRB Index 175.75 -3.55%

• Crude Oil 54.18 -7.49%

• Reformulated Gasoline 151.35 -9.0%

• Natural Gas 1.90 -9.15%

• Heating Oil 173.31 -7.17%

• Gold 1,573.0 +1.34%

• Bloomberg Base Metals Index 173.53 -3.61%

• Copper 268.15 -5.89%

• US No. 1 Heavy Melt Scrap Steel 288.0 USD/Metric Tonne -1.71%

• China Iron Ore Spot 90.80 USD/Metric Tonne -3.71%

• Lumber 429.90 -.35%

• UBS-Bloomberg Agriculture 899.51 -.25%

Economy

• Atlanta Fed GDPNow Forecast +1.79% unch.

• ECRI Weekly Leading Economic Index Growth Rate +5.2% +80.0 basis points
• Bloomberg US Recession Probability Next 12 Months 30.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1098 +4.9%

• US Economic Policy Uncertainty Index 228.25 +42.0%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 177.57 +.18%

• Citi US Economic Surprise Index 9.0 -1.6 points

• Citi Eurozone Economic Surprise Index 50.8 +11.1 points

• Citi Emerging Markets Economic Surprise Index 9.3 +7.1 points

• Fed Fund Futures imply 87.7% chance of no change, 0.0% chance of rate cut on 1/29

• US Dollar Index 97.86 +.23%

• MSCI Emerging Markets Currency Index 1,661.99 -.48%

• Bitcoin/USD 8,481.88 -4.93%

• Euro/Yen Carry Return Index 125.05 -1.35%

• Yield Curve 23.0 -4.0 basis points
  

• 10-Year US Treasury Yield 1.68% -15.0 basis points

• Federal Reserve's Balance Sheet $4.107 Trillion -.72%

• U.S. Sovereign Debt Credit Default Swap 14.576 +1.51%

• Illinois Municipal Debt Credit Default Swap 161.96 -.02%
  

• Italian/German 10Y Yld Spread 156.75 -3.25 basis points

• China Sovereign Debt Credit Default Swap 36.91 +24.5%
  

• Brazil Sovereign Debt Credit Default Swap 11.04 +3.57%
  

• Israel Sovereign Debt Credit Default Swap 44.33 -.74%

• South Korea Sovereign Debt Credit Default Swap 23.19 +12.3%

• Russia Sovereign Debt Credit Default Swap 61.98 +4.06%

• iBoxx Offshore RMB China Corporate High Yield Index 169.65 +.32%

• 10-Year TIPS Spread 1.67% -8.0 basis points

• TED Spread 26.75 -.25 basis points

• 2-Year Swap Spread 5.75 -2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -4.5 -1.75 basis points

• N. America Investment Grade Credit Default Swap Index 47.2 +6.26%
  

• America Energy Sector High-Yield Credit Default Swap Index 607.0 +11.0%

• European Financial Sector Credit Default Swap Index 53.6 +5.53%
  

• Emerging Markets Credit Default Swap Index 194.27 +8.18%
  

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

• M1 Money Supply $3.952 Trillion +.05%

• Commercial Paper Outstanding 1,115.0 -.6%

• 4-Week Moving Average of Jobless Claims 213,250 -3,000

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.60% -5.0 basis points

• Weekly Mortgage Applications 606.20 -1.21%

• Bloomberg Consumer Comfort 66.0 unch.

• Weekly Retail Sales +5.1% +10.0 basis points

• Nationwide Gas $2.53/gallon -.03/gallon

• Baltic Dry Index 576.0 -23.61%

• China (Export) Containerized Freight Index 965.31 +4.13%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 50.0 unch.

• Rail Freight Carloads 262,338 -.06%

Best Performing Style

• Large-Cap Growth -.1%

Worst Performing Style

• Small-Cap Value -2.8%

Leading Sectors

• Homebuilding +3.8%

• Utilities +3.3%

• Gold & Silver +1.4%

• Semis +1.0%

• Telecom +1.0%

Lagging Sectors

• Energy -5.6% 

• Tobacco -6.0%

• Shipping -6.4%

• Gaming -7.7%

• Oil Service  -10.2%

Weekly High-Volume Stock Gainers (6)

• EHTH, CBB, INTC, ALEC, ANET and WEX

Weekly High-Volume Stock Losers (17)

• ZGNX, CVS, MDP, CLR, WYNN, AMGN, NUS, VIAC, HRC, UAL, XNCR, USAC, AA, ARCH, OS, AMAG and HSC

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Sharply Lower into Final Hour on Coronavirus Fears, Gobal Growth Worries, Emerging Markets/US High-Yield Debt Angst, Energy/Transport Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Around Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 15.4 +19.0%

• Euro/Yen Carry Return Index 125.07 -.47%

• Emerging Markets Currency Volatility(VXY) 6.08 +.33%

• S&P 500 Implied Correlation 42.02 +9.5%

• ISE Sentiment Index 67.0 -37
  

• Total Put/Call 1.0 +29.9%

• NYSE Arms 2.21 97.3%

Credit Investor Angst:

• North American Investment Grade CDS Index 47.0 +2.71%
  

• America Energy Sector High-Yield CDS Index 608.0 +3.53%

• European Financial Sector CDS Index 53.60 +1.02%

• Italian/German 10Y Yld Spread 156.75 +.5 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 53.64 +.81%
  

• Emerging Market CDS Index 193.29 +2.50%
  

• iBoxx Offshore RMB China Corporate High Yield Index 169.65 +.02%

• 2-Year Swap Spread 5.75 -.75 basis point

• TED Spread 27.0 +.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -4.75-.25 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 66.0 -.12%
• 3-Month T-Bill Yield 1.53%-2.0 basis points

• Yield Curve .23 -1.0 basis point

• China Iron Ore Spot 89.70 USD/Metric Tonne -1.46%

• Citi US Economic Surprise Index 9.0 -1.2 points

• Citi Eurozone Economic Surprise Index 50.80 +8.0 points

• Citi Emerging Markets Economic Surprise Index 9.3 +.2 basis point

• 10-Year TIPS Spread 1.67 -5.0 basis points
• 4.6% chance of Fed rate cut at March 18th meeting, 13.6% chance of cut at April 29th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -257 open in Japan 
• China A50 Futures: Indicating -151 open in China

• DAX Futures: Indicating -70 open in Germany

Portfolio:

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

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

• Market Exposure: 50% Net Long