Weekly Scoreboard*

S&P 500 2,874.56 +3.04%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,242.49 +2.21%

• NASDAQ 8,650.14 +6.09%

• Russell 2000 1,229.10 -1.41%

• S&P 500 High Beta 32.54 -.15%

• Goldman 50 Most Shorted 108.42 +2.59%

• Wilshire 5000 28,840.28 +2.72%

• Russell 1000 Growth 1,705.17 +5.31%

• Russell 1000 Value 1,076.15 +.19%

• S&P 500 Consumer Staples 622.12 +4.18%

• MSCI Cyclicals-Defensives Spread 1,088.67 -1.66%
  

• NYSE Technology 2,206.83 +9.11%

• Transports 8,233.81 -.04%

• Utilities 823.98 -.47%

• Bloomberg European Bank/Financial Services 45.4 -6.1%

• MSCI Emerging Markets 36.48 +2.72%

• HFRX Equity Hedge 1,135.84 +1.32%

• HFRX Equity Market Neutral 860.14 -2.91%

Sentiment/Internals

• NYSE Cumulative A/D Line 388,241 -.11%

• Bloomberg New Highs-Lows Index -110 +22

• Commercial Bullish % Net Position -37.2 -5.98%

• CFTC Oil Net Speculative Position 484,895 +11.44%

• CFTC Oil Total Open Interest 2,342,227 +.07%

• Total Put/Call .91 -8.08%

• OEX Put/Call 1.20 +8.08%

• ISE Sentiment 69.0 +26.0

• NYSE Arms .75 -55.88%

• Volatility(VIX) 38.15 -8.45%

• S&P 500 Implied Correlation 70.74 -7.81%

• G7 Currency Volatility (VXY) 8.91 +4.33%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.38 -.61%

• Smart Money Flow Index 16,008.59 n/a

• ICI Money Mkt Mutual Fund Assets $4.522 Trillion +1.1%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$6.224 Million

• AAII % Bulls 34.9 -4.8%

• AAII % Bears 42.8 -4.3%

Futures Spot Prices

• CRB Index 123.80 -3.14%

• Crude Oil 18.27 -21.22%

• Reformulated Gasoline 71.07 +3.22%

• Natural Gas 1.75 +.4%

• Heating Oil 95.63 -3.41%

• Gold 1,698.80 -2.4%

• Bloomberg Base Metals Index 148.77 +3.06%

• Copper 234.45 +3.3%

• US No. 1 Heavy Melt Scrap Steel 250.0 USD/Metric Tonne +2.46%

• China Iron Ore Spot 83.20 USD/Metric Tonne +.85%

• Lumber 341.70 +6.1%

• UBS-Bloomberg Agriculture 788.28 -.96%

Economy

• Atlanta Fed GDPNow Forecast -.26% -110.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate -42.5% -5.3 percentage points
• Bloomberg US Recession Probability Next 12 Months 100.0% +60.0 percentage points

• Philly Fed ADS Real-Time Business Conditions Index -11.08 +9.7%

• US Economic Policy Uncertainty Index 561.33 +19.06%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 146.11 -6.73%

• Citi US Economic Surprise Index -129.0 -61.3 points

• Citi Eurozone Economic Surprise Index -61.4 +3.3 points

• Citi Emerging Markets Economic Surprise Index 1.7 -7.3 points

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

• US Dollar Index 99.79 +.21%

• MSCI Emerging Markets Currency Index 1,563.79 -.69%

• Bitcoin/USD 7,040.54 +1.84%

• Euro/Yen Carry Return Index 121.24 -1.5%

• Yield Curve 44.0 -5.0 basis points
  

• 10-Year US Treasury Yield .65% -7.0 basis points

• Federal Reserve's Balance Sheet $6.329 Trillion +4.71%

• U.S. Sovereign Debt Credit Default Swap 22.03 -1.85%

• Illinois Municipal Debt Credit Default Swap 211.90 -20.4%
  

• Italian/German 10Y Yld Spread 226.5 +32.75 basis points

• China Sovereign Debt Credit Default Swap 43.09 +1.34%
  

• Brazil Sovereign Debt Credit Default Swap 291.38 +8.98%
  

• Israel Sovereign Debt Credit Default Swap 77.24 -.66%

• South Korea Sovereign Debt Credit Default Swap 30.84 +3.55%

• Russia Sovereign Debt Credit Default Swap 171.07 +9.3%

• iBoxx Offshore RMB China Corporate High Yield Index 160.30 +2.2%

• 10-Year TIPS Spread 1.02% -22.0 basis points

• TED Spread 103.0 -9.0 basis points

• 2-Year Swap Spread 21.5 -1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 45.0 +7.0 basis points

• N. America Investment Grade Credit Default Swap Index 86.99 +6.15%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,319.0 +3.32%

• European Financial Sector Credit Default Swap Index 101.78 +7.5%
  

• Emerging Markets Credit Default Swap Index 345.50 +14.6%
  

• Bloomberg Barclays US Aggregate CMBS Avg. OAS 1.73 -1.7%
• Markit CMBX BBB-6 68.50 -8.97%

• M1 Money Supply $4.599 Trillion +1.75%

• Commercial Paper Outstanding 1,058.70 -3.7%

• 4-Week Moving Average of Jobless Claims 4,265,500 +1,243,000

• Continuing Claims Unemployment Rate 8.2% +310.0 basis points
  

• Average 30-Year Mortgage Rate 3.31% -2.0 basis points

• Weekly Mortgage Applications 770,700 +7.31%

• Bloomberg Consumer Comfort 44.5 -5.4 points

• Weekly Retail Sales -2.0% -900.0 basis points

• Nationwide Gas $1.83/gallon -.07/gallon

• Baltic Dry Index 726.0 +19.6%

• China (Export) Containerized Freight Index 896.09 -1.1%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 97.50 -2.5%

• Rail Freight Carloads 213,777 -2.02%

Best Performing Style

• Large-Cap Growth +4.2%

Worst Performing Style

• Small-Cap Value -5.1%

Leading Sectors

• Biotech +7.6%

• Video Gaming +6.5%

• Software +5.9%

• Gold & Silver +5.5%

• Semis +5.5%

Lagging Sectors

• Homebuilding -5.1% 

• Energy -5.4%

• Steel -6.1%

• Banks -8.4%

• Oil Service -9.6%

Weekly High-Volume Stock Gainers (21)

• MRNA, CNK, SCPL, HESM, REAL, WMS, EPR, GILD, BSX, TRU, URGN, BLUE, TREE, EXAS, SIX, DSPG, UAL, FUN, JACK, GTS and HQH

Weekly High-Volume Stock Losers (1)

• FIXX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Afternoon on Economic Recovery Hopes, Diminishing Coronavirus Fears, Short-Covering, Energy/Financial Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 39.1 -2.5%

• Euro/Yen Carry Return Index 121.22 -.05%

• Emerging Markets Currency Volatility(VXY) 11.4 -.26%

• S&P 500 Implied Correlation 72.83 -2.5%

• ISE Sentiment Index 73.0 +5.0 points
  

• Total Put/Call .92 +2.22%

• NYSE Arms .84 -39.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 87.65 -.59%
  

• America Energy Sector High-Yield CDS Index 1,325.0 +2.7%

• European Financial Sector CDS Index 101.30 -2.79%

• Italian/German 10Y Yld Spread 226.5 -4.25 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 116.62 -1.39%
  

• Emerging Market CDS Index 346.20 -1.5%
  

• iBoxx Offshore RMB China Corporate High Yield Index 160.31 +.24%

• 2-Year Swap Spread 21.50 unch.

• TED Spread 103.0 -2.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 45.0 +4.0 basis points
• MBS  5/10 Treasury Spread  129.0 +1.0 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.40 +.30%
• 3-Month T-Bill Yield .11% -1.0 basis point

• Yield Curve 44.0 -.25 basis point

• China Iron Ore Spot 83.20 USD/Metric Tonne +.14%

• Citi US Economic Surprise Index -129.0 +2.1 points

• Citi Eurozone Economic Surprise Index -61.40 unch.

• Citi Emerging Markets Economic Surprise Index -5.60 -19.0 points

• 10-Year TIPS Spread 1.01 -2.0 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 -477 open in Japan 
• China A50 Futures: Indicating -106 open in China

• DAX Futures: Indicating -5 open in Germany

Portfolio:

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

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 25% Net Long

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running +38.8% Above 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 83.6% of Issues Advancing, 15.3% Declining
• 17 New 52-Week Highs, 4 New Lows
• 9.0% of Issues Above 200-day Moving Average
• Average 14-Day RSI 45.20%
• Vix 39.6 -1.2%
• Total Put/Call .83 -7.8%
• TRIN/Arms .94 -32.4%