Weekly Scoreboard*

S&P 500 2,789.82 +10.4%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,719.4 +10.8%

• NASDAQ 8,153.57 +8.9%

• Russell 2000 1,246.73 +14.8%

• S&P 500 High Beta 32.59 +16.5%

• Goldman 50 Most Shorted 8105.68 +23.9%

• Wilshire 5000 28,075.77 +11.0%

• Russell 1000 Growth 1,619.15 +9.59%

• Russell 1000 Value 1,074.16 +12.26%

• S&P 500 Consumer Staples 597.14 +5.50%

• MSCI Cyclicals-Defensives Spread 1,096.83 +3.87%
  

• NYSE Technology 2,022.95.0 +8.85%

• Transports 8,236.92 +10.63%

• Utilities 827.83 +13.5%

• Bloomberg European Bank/Financial Services 48.40 +8.7%

• MSCI Emerging Markets 35.88 +7.45%

• HFRX Equity Hedge 1,114.6 +1.79%

• HFRX Equity Market Neutral 880.20 +.54%

Sentiment/Internals

• NYSE Cumulative A/D Line 388,670 +2.25%

• Bloomberg New Highs-Lows Index -132 +284

• Commercial Bullish % Net Position -35.1 +4.4%

• CFTC Oil Net Speculative Position 435,108 -.21%

• CFTC Oil Total Open Interest 2,340,672 +9.3%

• Total Put/Call .99 -18.18%

• OEX Put/Call 1.05 +4.96%

• ISE Sentiment 43.0 -1

• NYSE Arms 1.70 +93.2%

• Volatility(VIX) 41.7 -18.2%

• S&P 500 Implied Correlation 76.73 -2.69%

• G7 Currency Volatility (VXY) 8.65 -17.22%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.6 -7.37%

• Smart Money Flow Index 16,008.59 +4.9%

• ICI Money Mkt Mutual Fund Assets $4.397 Trillion n/a

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows n/a

• AAII % Bulls 36.6 +6.9%

• AAII % Bears 44.7 -10.2%

Futures Spot Prices

• CRB Index 127.82 +2.38%

• Crude Oil 22.8 -8.0%

• Reformulated Gasoline 67.73 +3.63%

• Natural Gas 1.73 +11.7%

• Heating Oil 97.26 +2.07%

• Gold 1,752.80 +7.19%

• Bloomberg Base Metals Index 144.35 +1.83%

• Copper 225.95 +1.71%

• US No. 1 Heavy Melt Scrap Steel 248.0 USD/Metric Tonne +10.7%

• China Iron Ore Spot 82.90 USD/Metric Tonne +4.3%

• Lumber 322.10 +22.4%

• UBS-Bloomberg Agriculture 801.40 +1.78%

Economy

• Atlanta Fed GDPNow Forecast +.96% -29.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -37.2% -1,030.0 basis points
• Bloomberg US Recession Probability Next 12 Months 40.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -20.62 +5.60%

• US Economic Policy Uncertainty Index 527.37 -2.92%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 156.65 -3.5%

• Citi US Economic Surprise Index -67.7 -26.4 points

• Citi Eurozone Economic Surprise Index -64.7 +7.7 points

• Citi Emerging Markets Economic Surprise Index 1.7 +3.0 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate cut on 4/29

• US Dollar Index 99.58 -.49%

• MSCI Emerging Markets Currency Index 1,566.39 +.54%

• Bitcoin/USD 7,257.70 +7.7%

• Euro/Yen Carry Return Index 122.93 +1.17%

• Yield Curve 49.0 +11.0 basis points
  

• 10-Year US Treasury Yield .72% +14.0 basis points

• Federal Reserve's Balance Sheet $5.772 Trillion n/a

• U.S. Sovereign Debt Credit Default Swap 22.32 -8.9%

• Illinois Municipal Debt Credit Default Swap 266.08 -.05%
  

• Italian/German 10Y Yld Spread 193.75 -5.25 basis points

• China Sovereign Debt Credit Default Swap 44.19 -25.0%
  

• Brazil Sovereign Debt Credit Default Swap 266.03 -21.1%
  

• Israel Sovereign Debt Credit Default Swap 77.23 -5.8%

• South Korea Sovereign Debt Credit Default Swap 31.40 -26.9%

• Russia Sovereign Debt Credit Default Swap 156.51 -16.4%

• iBoxx Offshore RMB China Corporate High Yield Index 157.34 -4.48%

• 10-Year TIPS Spread 1.24% +20.0 basis points

• TED Spread 112.0 -19.0 basis points

• 2-Year Swap Spread 23.25 -1.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 38.0 -28.5 basis points

• N. America Investment Grade Credit Default Swap Index 82.58 -33.5%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,182.0 +2.5%

• European Financial Sector Credit Default Swap Index 94.57 -24.5%
  

• Emerging Markets Credit Default Swap Index 302.63 -17.4%
  

• Bloomberg Barclays US Aggregate CMBS Avg. OAS 1.91 +.53%
  

• M1 Money Supply $4.337 Trillion n/a

• Commercial Paper Outstanding 1,098.90 -.6%

• 4-Week Moving Average of Jobless Claims 4,265,500 +1,653,500

• Continuing Claims Unemployment Rate 5.1% +300.0 basis points
  

• Average 30-Year Mortgage Rate 3.33% +3.0 basis points

• Weekly Mortgage Applications 718,200 -17.9%

• Bloomberg Consumer Comfort 49.9 -6.4 points

• Weekly Retail Sales +7.0% -50.0 basis points

• Nationwide Gas $1.90/gallon -.06/gallon

• Baltic Dry Index 607.0 -2.7%

• China (Export) Containerized Freight Index 896.09 n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 85.0 -41.4%

• Rail Freight Carloads 218,184 -5.1%

Best Performing Style

• Mid-Cap Value +18.3%

Worst Performing Style

• Large-Cap Growth +10.2%

Leading Sectors

• Homebuilding +33.2%

• Airlines +28.3%

• Gaming +25.9%

• Retail +23.4%

• Banks +20.9%

Lagging Sectors

• Pharma +5.7% 

• Biotech +5.6%

• Paper +4.7%

• Video Gaming +3.6%

• Coal -6.1%

Weekly High-Volume Stock Gainers (64)

• SRG, STOR, LOCO, MAC, BIG, BRX, KTB, BCSF, CACC, SIX, VTR, EPR, STWD, EAT, NCLH, EFC, UAL, IAA, MAIN, SFIX, CIT, KSS, SAVE, CVNA, CAR, GIII, ARCC, AYX, SLG, AAL, CHEF, JWN, PLAY, NEWT, RCL, SPG, HOG, PENN, WD, WPC, SEAS, CAKE, HASI, FUN, SPR, CNK, WFC, SBNY, BJRI, CNO, DIN, ALK, WELL, WSM, PAYC, PMT, CCL, BXMT, TDG, OKE and PCTY

Weekly High-Volume Stock Losers (0)

• 
  

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Final Hour on Global Stimulus, Coronavirus Hopes, Short-Covering, Financial/Airlines Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Every Sector Rising
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 42.5 -1.9%

• Euro/Yen Carry Return Index 122.04 +.34%

• Emerging Markets Currency Volatility(VXY) 11.6 -3.1%

• S&P 500 Implied Correlation 76.90  -.84%

• ISE Sentiment Index 50.0 -37.0 points
  

• Total Put/Call .97 -5.8%

• NYSE Arms 1.13 +113.0%

Credit Investor Angst:

• North American Investment Grade CDS Index 86.66 -18.6%
  

• America Energy Sector High-Yield CDS Index 1,327.0 +9.36%

• European Financial Sector CDS Index 93.11 -14.94%

• Italian/German 10Y Yld Spread 193.75 -2.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 132.60 -3.41%
  

• Emerging Market CDS Index 301.17 -11.1%
  

• iBoxx Offshore RMB China Corporate High Yield Index 157.34 +.31%

• 2-Year Swap Spread 23.25 -2.5 basis points

• TED Spread 110.0 -7.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 38.0 -5.75 basis points
• MBS  5/10 Treasury Spread  113.0-4.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 59.21 +.98%
• 3-Month T-Bill Yield .19% +1.0 basis point

• Yield Curve .49 -1.0 basis point

• China Iron Ore Spot 82.41 USD/Metric Tonne +.81%

• Citi US Economic Surprise Index -67.7 -25.2 points

• Citi Eurozone Economic Surprise Index -64.70 +2.9 points

• Citi Emerging Markets Economic Surprise Index 1.70 +1.3 points

• 10-Year TIPS Spread 1.24 +5.0 basis points
• n/a chance of no change at April 29th meeting, n/a chance of no change at June 10th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +245 open in Japan 
• China A50 Futures: Indicating -3 open in China

• DAX Futures: Indicating +27 open in Germany

Portfolio:

• Higher: On gains in my consumer staple/industrial/tech/medical sector longs

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back

• Market Exposure: 50% Net Long

Morning Market Internals

NYSE Composite Index:

• Volume Running +107.7% Above 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 89.7% of Issues Advancing, 9.7% Declining
• 6 New 52-Week Highs, 1 New Lows
• 6.9% of Issues Above 200-day Moving Average
• Average 14-Day RSI 46.2%
• Vix 42.3 -2.4%
• Total Put/Call .87 -15.5%
• TRIN/Arms .74 +37.7%