Weekly Scoreboard*

S&P 500 2,830.71 -.21%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,723.69 -.22%

• NASDAQ 8,604.95 -.34%

• Russell 2000 1,260.48 +2.22%

• S&P 500 High Beta 33.09 +1.82%

• Goldman 50 Most Shorted 112.73 -.8%

• Wilshire 5000 28,539.10 +.11%

• Russell 1000 Growth 1,691.86 -.10%

• Russell 1000 Value 1,055.63 +.05%

• S&P 500 Consumer Staples 590.51 -1.95%

• MSCI Cyclicals-Defensives Spread 1,125.36 +2.84%
  

• NYSE Technology 2,143.44 -2.15%

• Transports 8,144.86 +.65%

• Utilities 759.08 -4.51%

• Bloomberg European Bank/Financial Services 48.39 +8.6%

• MSCI Emerging Markets 36.31 +.3%

• HFRX Equity Hedge 1,146.03 +.62%

• HFRX Equity Market Neutral 871.37 +.85%

Sentiment/Internals

• NYSE Cumulative A/D Line 392,561 +1.55%

• Bloomberg New Highs-Lows Index 40.0 +40

• Commercial Bullish % Net Position -43.06 -6.93%

• CFTC Oil Net Speculative Position 587,180 +14.98%

• CFTC Oil Total Open Interest 2,276,638 -3.28%

• Total Put/Call 1.17 +16.8%

• OEX Put/Call 1.17 -5.6%

• ISE Sentiment 61.0 -11.0

• NYSE Arms 1.54 +30.3%

• Volatility(VIX) 37.57 +7.77%

• S&P 500 Implied Correlation 76.70 +6.0%

• G7 Currency Volatility (VXY) 9.01 -7.99%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.82 -3.11%

• Smart Money Flow Index 16,205.86 +.65%

• ICI Money Mkt Mutual Fund Assets $4.734 Trillion +1.77%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$1.522 Million

• AAII % Bulls 30.6 +23.1%

• AAII % Bears 44.0 -11.9%

Futures Spot Prices

• CRB Index 117.63 +4.32%

• Crude Oil 19.77 +12.98%

• Reformulated Gasoline 76.59 +8.74%

• Natural Gas 1.89 +10.4%

• Heating Oil 80.33 +18.7%

• Gold 1,709.50 -2.2%

• Bloomberg Base Metals Index 145.58 -1.09%

• Copper 230.95 -2.27%

• US No. 1 Heavy Melt Scrap Steel 244.0 USD/Metric Tonne unch.

• China Iron Ore Spot 79.06 USD/Metric Tonne -1.92%

• Lumber 332.80 +3.9%

• UBS-Bloomberg Agriculture 790.31 +2.7%

Economy

• Atlanta Fed GDPNow Forecast -12.05% -12.31 percentage points

• ECRI Weekly Leading Economic Index Growth Rate -38.8% +3.1 percentage points
• Bloomberg US Recession Probability Next 12 Months 100.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -3.94 +10.2%

• US Economic Policy Uncertainty Index 477.82 -14.5%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 142.35 -1.14%

• Citi US Economic Surprise Index -128.0 -26.2 points

• Citi Eurozone Economic Surprise Index -267.0 -47.3 points

• Citi Emerging Markets Economic Surprise Index 9.0 +9.2 points

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

• US Dollar Index 99.07 -1.21%

• MSCI Emerging Markets Currency Index 1,574.95 +1.25%

• Bitcoin/USD 8,729.50 +15.7%

• Euro/Yen Carry Return Index 121.60 +.75%

• Yield Curve 43.0 +5.75 basis points
  

• 10-Year US Treasury Yield .63% +4.0 basis points

• Federal Reserve's Balance Sheet $6.616 Trillion +1.25%

• U.S. Sovereign Debt Credit Default Swap 22.16 -2.85%

• Illinois Municipal Debt Credit Default Swap 510.52 -.09%
  

• Italian/German 10Y Yld Spread 235.0 +3.75 basis points

• China Sovereign Debt Credit Default Swap 47.97 -4.79%
  

• Brazil Sovereign Debt Credit Default Swap 318.08 -13.5%
  

• Israel Sovereign Debt Credit Default Swap 76.23 +.32%

• South Korea Sovereign Debt Credit Default Swap 34.45 -11.4%

• Russia Sovereign Debt Credit Default Swap 173.83 -2.23%

• iBoxx Offshore RMB China Corporate High Yield Index 163.64 -1.02%

• 10-Year TIPS Spread 1.06% -5.0 basis points

• TED Spread 45.75 -42.75 basis points

• 2-Year Swap Spread 13.0 -3.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 6.0 -15.0 basis points

• N. America Investment Grade Credit Default Swap Index 89.67 -4.33%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,312.0 +50.1%

• European Financial Sector Credit Default Swap Index 103.84 -4.4%
  

• Emerging Markets Credit Default Swap Index 349.10 -4.72%
  

• Bloomberg Barclays US Aggregate CMBS Avg. OAS 1.72 -1.71%
• Markit CMBX BBB-6 68.0 +1.96%

• M1 Money Supply $4.873 Trillion +2.82%

• Commercial Paper Outstanding 1,093.10 +2.3%

• 4-Week Moving Average of Jobless Claims 5,033,250 -753,250

• Continuing Claims Unemployment Rate 12.4% +140.0 basis points
  

• Average 30-Year Mortgage Rate 3.23% -10.0 basis points

• Weekly Mortgage Applications 743,400 -3.27%

• Bloomberg Consumer Comfort 39.5 -1.9 points

• Weekly Retail Sales -5.70% -130.0 basis points

• Nationwide Gas $1.78/gallon -.01/gallon

• Baltic Dry Index 635.0 -4.51%

• China (Export) Containerized Freight Index 851.10 -3.74%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 87.50 -20.5%

• Rail Freight Carloads 222,013 +3.9%

Best Performing Style

• Small-Cap Value +3.2%

Worst Performing Style

• Large-Cap Value -.1%

Leading Sectors

• Homebuilding +10.9%

• Education +7.5%

• Airlines +7.4%

• Gaming +6.0%

• I-Banking +4.9%

Lagging Sectors

• Medical Equipment -3.4% 

• Pharma -3.6%

• Video Gaming -3.8%

• Biotech -4.4%

• Utilities -4.7%

Weekly High-Volume Stock Gainers (8)

• ARCT, LOCO, ASGN, BAND, ASIX, FBHS, CALX and LPLA

Weekly High-Volume Stock Losers (7)

• NEO, NTUS, CINF, LRCX, HRC, INSG and KPTI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Substantially Lower into Final Hour on Global Recession Fears, Earnings Worries, Technical Selling, 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) 39.1 +14.4%

• Euro/Yen Carry Return Index 121.59 -.09%

• Emerging Markets Currency Volatility(VXY) 11.82 +7.4%

• S&P 500 Implied Correlation 77.68 -.55%

• ISE Sentiment Index 57.0 -66.0 points

• Total Put/Call 1.16 +19.6%

• NYSE Arms 1.64 +34.4%

Credit Investor Angst:

• North American Investment Grade CDS Index 89.80 +3.41%
  

• US Energy High-Yield OAS 1,360.12 -.47%

• European Financial Sector CDS Index 105.97 +4.89%

• Italian/German 10Y Yld Spread 235.25 unch.
  

• Asia Ex-Japan Investment Grade CDS Index 117.61 +2.53%
  

• Emerging Market CDS Index 349.60 +4.85%
  

• iBoxx Offshore RMB China Corporate High Yield Index 163.64 +.02%

• 2-Year Swap Spread 13.0 +.25 basis point

• TED Spread 47.75 -19.25 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 6.0 -2.0 basis points
• MBS  5/10 Treasury Spread  105.0 +2.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.32 -.45%
• 3-Month T-Bill Yield .09% unch.

• Yield Curve 43.0 +.75 basis point

• China Iron Ore Spot 80.19 USD/Metric Tonne -.30%

• Citi US Economic Surprise Index -128.0 +16.6 points

• Citi Eurozone Economic Surprise Index -267.0 +1.5 points

• Citi Emerging Markets Economic Surprise Index 9.0 -1.2 points

• 10-Year TIPS Spread 1.05 -3.0 basis points
• n/a chance of no change at July 29th meeting, n/a chance of no change at Sept. 16th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -90 open in Japan 
• China A50 Futures: Indicating -665 open in China

• DAX Futures: Indicating -10 open in Germany

Portfolio:

• Slightly Higher: On gains in my index hedges and emerging market shorts

• Disclosed Trades: None

• Market Exposure: 25% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -5.2%

Sector Underperformers:

• 1) Airlines -9.4% 2) Oil Service -8.0% 3) Gaming 7.0%

Stocks Falling on Unusual Volume: 

• NTUS, DNP, TREE, BA, TREX, ZEN, SILK, TRN, SPH, KRMD, PCTY, LUV, INOV, AMZN, TSLA, CINF, HRC, ZYXI, CNMD, ELY, AAL, LRCX, BRKS, UAL, KRA, KPTI, UCTT, HP, FTAI, SAVE, APA, USCR, WDC, INSG, NCLH, HAFC, CAR, WY and HUBG

Stocks With Unusual Put Option Activity:

• 1) BYD 2) EWU 3) IBB 4) AMAT 5) XHB

Stocks With Most Negative News Mentions:

• 1) TSLA 2) BYND 3) CBT 4) NCLH 5) OAS

Charts:

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

Bull Radar

Style Outperformer:

• Large-Cap Growth -3.0%

Sector Outperformers:

• 1) Gold & Silver +2.2% 2) Foods -1.5% 3) Pharma -1.9%

Stocks Rising on Unusual Volume:

• LOCO, ASGN, SGEN, BAND, LPLA, FBHS, CALX, CLX, ARCT and MOH

Stocks With Unusual Call Option Activity:

• 1) APO 2) CLX 3) TGTX 4) WDC 5) SYK

Stocks With Most Positive News Mentions:

• 1) ODFL 2) CLX 3) ABBV 4) SGEN 5) MRNA

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +18.7% Above 100-Day Average
• 0 Sectors Rising, 11 Sectors Declining
• 12.5% of Issues Advancing, 85.6% Declining
• 3 New 52-Week Highs, 3 New Lows
• 12.7% of Issues Above 200-day Moving Average
• Average 14-Day RSI 51.5%
• Vix 37.7 +10.3%
• Total Put/Call 1.11 +14.4%
• TRIN/Arms 1.53 +25.4%