Weekly Scoreboard*

S&P 500 3,380.16 +1.58%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 29,398.08 +1.02%

• NASDAQ 9,731.18 +2.21%

• Russell 2000 1,687.58 +1.86%

• S&P 500 High Beta 47.44 +2.29%

• Goldman 50 Most Shorted 153.76 -.17%

• Wilshire 5000 34,547.36 +1.71%

• Russell 1000 Growth 1,919.43 +2.28%

• Russell 1000 Value 1,362.22 +1.03%

• S&P 500 Consumer Staples 665.85 +.81%

• MSCI Cyclicals-Defensives Spread 1,179.97 +.73%
  

• NYSE Technology 2,436.17 +3.7%

• Transports 10,863.20 +.02%

• Utilities 953.96 +2.32%

• Bloomberg European Bank/Financial Services 80.56 +1.73%

• MSCI Emerging Markets 44.33 +1.57%

• HFRX Equity Hedge 1,281.90 +.14%

• HFRX Equity Market Neutral 942.03 -.03%

Sentiment/Internals

• NYSE Cumulative A/D Line 403,505 +.51%

• Bloomberg New Highs-Lows Index 563 +534

• Bloomberg Crude Oil % Bulls 26.7 +18.1%

• CFTC Oil Net Speculative Position 397,374 -13.9%

• CFTC Oil Total Open Interest 2,271,741 +4.6%

• Total Put/Call .80 -16.7%

• OEX Put/Call 1.78 -10.44%

• ISE Sentiment 79.0 +15

• NYSE Arms 1.53 +2.0%

• Volatility(VIX) 14.3 -8.73%

• S&P 500 Implied Correlation 37.99 +1.97%

• G7 Currency Volatility (VXY) 5.09 -1.17%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.63 -4.33%

• Smart Money Flow Index 15,094.55 -.58%

• ICI Money Mkt Mutual Fund Assets $3.625 Trillion +.22%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$5.894 Billion

• AAII % Bulls 41.3 +22.0%

• AAII % Bears 26.4 -25.0%

Futures Spot Prices

• CRB Index 172.95 +1.67%

• Crude Oil 52.0 +3.1%

• Reformulated Gasoline 158.45 +3.57%

• Natural Gas 1.85 -.32%

• Heating Oil 169.84 +3.02%

• Gold 1,586.0 +.81%

• Bloomberg Base Metals Index 166.40 +1.24%

• Copper 259.85 +2.02%

• US No. 1 Heavy Melt Scrap Steel 271.0 USD/Metric Tonne +3.44%

• China Iron Ore Spot 85.45 USD/Metric Tonne +7.89%

• Lumber 450.70 +2.22%

• UBS-Bloomberg Agriculture 888.28 -.09%

Economy

• Atlanta Fed GDPNow Forecast +2.35% -33.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +4.8% -110.0 basis points
• Bloomberg US Recession Probability Next 12 Months 25.0% -5.0 percentage points

• Philly Fed ADS Real-Time Business Conditions Index -.2739 +5.88%

• US Economic Policy Uncertainty Index 70.83 -36.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 177.85 +.09%

• Citi US Economic Surprise Index 45.3 -.1 point

• Citi Eurozone Economic Surprise Index -22.3 -12.8 points

• Citi Emerging Markets Economic Surprise Index 22.1 -1.4 points

• Fed Fund Futures imply 89.7% chance of no change, 10.3% chance of rate cut on 3/18

• US Dollar Index 99.13 +.42%

• MSCI Emerging Markets Currency Index 1,647.90 +.26%

• Bitcoin/USD 10,380.02 +6.3%

• Euro/Yen Carry Return Index 123.46 -.97%

• Yield Curve 17.0 -3.0 basis points
  

• 10-Year US Treasury Yield 1.58% +5.0 basis points

• Federal Reserve's Balance Sheet $4.144 Trillion +.39%

• U.S. Sovereign Debt Credit Default Swap 15.26 +2.76%

• Illinois Municipal Debt Credit Default Swap 151.85 -6.21%
  

• Italian/German 10Y Yld Spread 132.25 -.75 basis point

• China Sovereign Debt Credit Default Swap 33.77 -4.65%
  

• Brazil Sovereign Debt Credit Default Swap 94.77 -5.0%
  

• Israel Sovereign Debt Credit Default Swap 45.39 -.56%

• South Korea Sovereign Debt Credit Default Swap 22.51 -11.6%

• Russia Sovereign Debt Credit Default Swap 58.85 -8.2%

• iBoxx Offshore RMB China Corporate High Yield Index 170.11 +.17%

• 10-Year TIPS Spread 1.67% +1.0 basis point

• TED Spread 12.0 -6.25 basis points

• 2-Year Swap Spread 2.75 -2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -8.25 +-3.0 basis points

• N. America Investment Grade Credit Default Swap Index 44.24 -3.74%
  

• America Energy Sector High-Yield Credit Default Swap Index 623.0 -.30%

• European Financial Sector Credit Default Swap Index 47.38 -3.37%
  

• Emerging Markets Credit Default Swap Index 189.66 -.08%
  

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

• M1 Money Supply $4.089 Trillion +3.1%

• Commercial Paper Outstanding 1,113.1 -.5%

• 4-Week Moving Average of Jobless Claims 212,000 +250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.47% +2.0 basis points

• Weekly Mortgage Applications 689.50 +1.10%

• Bloomberg Consumer Comfort 65.7 -.8 point

• Weekly Retail Sales +4.80% -60.0 basis points

• Nationwide Gas $2.44/gallon -.01/gallon

• Baltic Dry Index 421.0 +1.45%

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

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 30.0 unch.

• Rail Freight Carloads 253,213 -5.81%

Best Performing Style

• Small-Cap Growth +2.2%

Worst Performing Style

• Large-Cap Value +.8%

Leading Sectors

• Alt Energy +7.0%

• Telecom +6.7%

• Semis +4.7%

• Education +4.0%

• Video Gaming +3.5%

Lagging Sectors

• Computer Services -.8% 

• Pharma -.9%

• Steel -1.5%

• Tobacco -3.9%

• Coal -12.8%

Weekly High-Volume Stock Gainers (21)

• BTAI, CC, SPCE, DXCM, VECO, GDDY, AMN, BE, AYX, NVDA, MHK, GTLS, BIO, WORK, APPN, TLRA, BL, TW, RDFN, OLLI and DLR

Weekly High-Volume Stock Losers (19)

• MOS, EPRT, MRO, KHC, GT, CNXM, CARS, LYFT, AIG, YETI, KPTI, DCPH, BBBY, APLT, SXT, XBIT, R, CAL and CARG

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Afternoon on Coronavirus Fears, Global Growth Worries, Technical Selling, Commodity/Transport Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Most Sectors Declining
  

• Volume: Around Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 14.4 +1.4%

• Euro/Yen Carry Return Index 123.48 -.03%

• Emerging Markets Currency Volatility(VXY) 6.63 -1.49%

• S&P 500 Implied Correlation 38.0 +5.2%

• ISE Sentiment Index 82.0 +6
  

• Total Put/Call .76 -6.2%

• NYSE Arms 1.45 +11.0%

Credit Investor Angst:

• North American Investment Grade CDS Index 44.17 +.87%
  

• America Energy Sector High-Yield CDS Index 623.0 +.87%

• European Financial Sector CDS Index 47.22 -1.15%

• Italian/German 10Y Yld Spread 132.25 +3.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 49.18 -1.12%
  

• Emerging Market CDS Index 189.66 -2.32%
  

• iBoxx Offshore RMB China Corporate High Yield Index 170.11 +.08%

• 2-Year Swap Spread 2.75 -.5 basis point

• TED Spread 12.0 -1.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -8.5 -.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.06 +.1%
• 3-Month T-Bill Yield 1.57% -1.0 basis point

• Yield Curve .17 -1.0 basis point

• China Iron Ore Spot 85.45 USD/Metric Tonne -.72%

• Citi US Economic Surprise Index 45.30 +.2 point

• Citi Eurozone Economic Surprise Index -22.3 -2.9 points

• Citi Emerging Markets Economic Surprise Index 22.1 -.5 point

• 10-Year TIPS Spread 1.67 unch.
• 28.4% chance of Fed April 29th meeting, 45.8% chance of cut at June 10th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -182 open in Japan 
• China A50 Futures: Indicating -94 open in China

• DAX Futures: Indicating -25 open in Germany

Portfolio:

• Higher: On gains in my tech/medical/biotech sector longs and emerging market shorts

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

• Market Exposure: Moved to 50% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -.5%

Sector Underperformers:

• 1) Oil Service -1.3% 2) Gaming -1.3% 3) Networking -1.3%

Stocks Falling on Unusual Volume: 

• WLK, MOS, AIG, PRPL, MAT, BFAM, EPRT, FCX, KHC, BWA, LYFT, DDOG, TEX, MRO, GT, CNXM, VC, ESPR, KPTI, CARS, YETI, IRWD, APLT, DCPH, SPXC, ANET, MRC, XBIT, SXT, TLND, YELP, NTLA, SWAV, R, TRUP, CAL, SDC, CARG and LPSN

Stocks With Unusual Put Option Activity:

• 1) NWL 2) YELP 3) EL 4) EXPE 5) X

Stocks With Most Negative News Mentions:

• 1) CCL 2) CRY 3) KFT 4) CF 5) TRUP

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +.4%

Sector Outperformers:

• 1) Video Gaming +1.9% 2) Utilities +.7% 3) REITs +.7%

Stocks Rising on Unusual Volume:

• BTAI, CC, TNET, SVMK, SPCE, DXCM, EXPE, BE, VECO, GDDY, AYX, NVDA, AMN, BL, APPN and WORK

Stocks With Unusual Call Option Activity:

• 1) DXC 2) GDDY 3) SEAS 4) YELP 5) NWL

Stocks With Most Positive News Mentions:

• 1) EXPD 2) NWL 3) IMGN 4) AYX 5)DXCM

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -1.2% Below 100-Day Average
• 4 Sectors Rising, 7 Sectors Declining
• 51.4% of Issues Advancing, 45.3% Declining
• 200 New 52-Week Highs, 35 New Lows
• 65.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 50.7%
• Vix 13.9 -1.6%
• Total Put/Call .70 -13.6%
• TRIN/Arms 1.51 +15.3%