Weekly Scoreboard*

S&P 500 2,929.80 +3.50%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 24,331.32 +2.56%

• NASDAQ 9,121.32 +6.0%

• Russell 2000 1,329.64 +5.49%

• S&P 500 High Beta 35.17 +6.29%

• Goldman 50 Most Shorted 123.28 +9.36%

• Wilshire 5000 29,670.79 +3.97%

• Russell 1000 Growth 1,777.40 +5.06%

• Russell 1000 Value 1,080.50 +2.36%

• S&P 500 Consumer Staples 595.63 +.87%

• MSCI Cyclicals-Defensives Spread 1,138.38 +2.25%
  

• NYSE Technology 2,318.22 +8.2%

• Transports 8,332.50 +2.3%

• Utilities 764.11 +.66%

• Bloomberg European Bank/Financial Services 47.59 -1.65%

• MSCI Emerging Markets 36.83 +2.38%

• HFRX Equity Hedge 1,143.92 -.99%

• HFRX Equity Market Neutral 864.52 -.72%

Sentiment/Internals

• NYSE Cumulative A/D Line 393,492 +.92%

• Bloomberg New Highs-Lows Index 29 -11

• Commercial Bullish % Net Position -43.1 unch.

• CFTC Oil Net Speculative Position 589,388 +.38%

• CFTC Oil Total Open Interest 2,261,202 -.68%

• Total Put/Call .85 -27.4%

• OEX Put/Call 1.25 +5.4%

• ISE Sentiment 97.0 +36.0

• NYSE Arms .57 -70.2%

• Volatility(VIX) 27.98 -24.8%

• S&P 500 Implied Correlation 66.85 -13.6%

• G7 Currency Volatility (VXY) 8.24 -.60%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.80 -.17%

• Smart Money Flow Index 15,792.71 -2.55%

• ICI Money Mkt Mutual Fund Assets $4.768 Trillion +.72%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$12.733 Million

• AAII % Bulls 23.7 -22.7%

• AAII % Bears 52.7 +19.6%

Futures Spot Prices

• CRB Index 124.74 +6.05%

• Crude Oil 24.74 +25.7%

• Reformulated Gasoline 95.22 +24.1%

• Natural Gas 1.82 -3.13%

• Heating Oil 89.93 +11.6%

• Gold 1,713.90 +.22%

• Bloomberg Base Metals Index 149.78 +1.22%

• Copper 240.0 +4.1%

• US No. 1 Heavy Melt Scrap Steel 249.0 USD/Metric Tonne +2.05%

• China Iron Ore Spot 85.26 USD/Metric Tonne +6.54%

• Lumber 365.0 +11.3%

• UBS-Bloomberg Agriculture 778.34 -.87%

Economy

• Atlanta Fed GDPNow Forecast -34.9% -22.85 percentage points

• ECRI Weekly Leading Economic Index Growth Rate -35.9% +2.9 percentage points
• Bloomberg US Recession Probability Next 12 Months 100.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -36.16 +5.19%

• US Economic Policy Uncertainty Index 580.40 +49.65%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 141.23 -.79%

• Citi US Economic Surprise Index -54.80 +73.2 points

• Citi Eurozone Economic Surprise Index -300.10 -33.1 points

• Citi Emerging Markets Economic Surprise Index 10.90 +1.9 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate cut on 6/10

• US Dollar Index 99.80 +1.07%

• MSCI Emerging Markets Currency Index 1,559.86 -.59%

• Bitcoin/USD 9,948.44 +13.7%

• Euro/Yen Carry Return Index 119.81 -1.58%

• Yield Curve 50.75 +7.75 basis points
  

• 10-Year US Treasury Yield .68% +5.0 basis points

• Federal Reserve's Balance Sheet $6.683 Trillion +1.01%

• U.S. Sovereign Debt Credit Default Swap 22.40 +1.08%

• Illinois Municipal Debt Credit Default Swap 538.15 +5.41%
  

• Italian/German 10Y Yld Spread 238.25 +3.25 basis points

• China Sovereign Debt Credit Default Swap 49.03 +2.71%
  

• Brazil Sovereign Debt Credit Default Swap 318.53 +.72%
  

• Israel Sovereign Debt Credit Default Swap 76.24 +.01%

• South Korea Sovereign Debt Credit Default Swap 35.58 +3.28%

• Russia Sovereign Debt Credit Default Swap 159.57 -8.2%

• iBoxx Offshore RMB China Corporate High Yield Index 164.01 +.27%

• 10-Year TIPS Spread 1.12% +6.0 basis points

• TED Spread 33.0 -12.75 basis points

• 2-Year Swap Spread 10.50 -2.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap 6.50 +.5 basis point

• N. America Investment Grade Credit Default Swap Index 91.38 +2.1%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,292.0 -1.79%

• European Financial Sector Credit Default Swap Index 105.14 +1.25%
  

• Emerging Markets Credit Default Swap Index 333.30 -4.73%
  

• Bloomberg Barclays US Aggregate CMBS Avg. OAS 1.66 -3.49%
• Markit CMBX BBB-6 63.75 -6.25%

• M1 Money Supply $4.918 Trillion +1.0%

• Commercial Paper Outstanding 1,069.0 -2.2%

• 4-Week Moving Average of Jobless Claims 4,173,500 -859,750

• Continuing Claims Unemployment Rate 15.5% +310.0 basis points
  

• Average 30-Year Mortgage Rate 3.26% +3.0 basis points

• Weekly Mortgage Applications 744,200 +.11%

• Bloomberg Consumer Comfort 36.9 -2.6 points

• Weekly Retail Sales -6.60% -90.0 basis points

• Nationwide Gas $1.83/gallon +.05/gallon

• Baltic Dry Index 514.0 -19.1%

• China (Export) Containerized Freight Index 834.90 -1.9%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 35.0 -60.0%
• Truckstop.com Market Demand Index 21.21 +31.7%

• Rail Freight Carloads 227,764 +2.59%

Best Performing Style

• Small-Cap Growth +7.1%

Worst Performing Style

• Large-Cap Value +2.0%

Leading Sectors

• Alt Energy +9.7%

• Homebuilding +8.5%

• Energy +8.5%

• Gaming +8.4%

• Internet +8.0%

Lagging Sectors

• Utilities +.2% 

• Banks +.2%

• Tobacco -.1%

• Airlines -3.6%

• Shipping -3.7%

Weekly High-Volume Stock Gainers (29)

• CWH, PRVB, VTIQ, BILL, GLUU, CTMX, NERV, THO, IPHI, XNCR, PRPL, ZG, Z, SVMK, YMAB, WGO, PAR, BYND, UBER, VIVO, LOPE, CHGG, WORK, NKTR, ECOM, FIXX, CNP, TWLO and NXTC

Weekly High-Volume Stock Losers (8)

• TRHC, CARA, PETQ, TRIP, GLP, ECOL, CATS and PRA

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 Economy Re-Opening Optimism, Oil Gain, Short-Covering, Energy/Retail Sector Strength

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 29.2 -7.3%

• Euro/Yen Carry Return Index 119.84 +.44%

• Emerging Markets Currency Volatility(VXY) 11.81 -1.83%

• S&P 500 Implied Correlation 69.10 -4.19%

• ISE Sentiment Index 97.0 -18.0 points

• Total Put/Call .86 +4.9%

• NYSE Arms .88 -17.0%

Credit Investor Angst:

• North American Investment Grade CDS Index 92.0 -.38%
  

• US Energy High-Yield OAS 1,270.72 -.65%

• European Financial Sector CDS Index 106.85 +.06%

• Italian/German 10Y Yld Spread 238.25 -8.25 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 118.25 -1.34%
  

• Emerging Market CDS Index 333.01 -2.63%
  

• iBoxx Offshore RMB China Corporate High Yield Index 164.01 +.02%

• 2-Year Swap Spread 10.5 -1.0 basis point

• TED Spread 33.5 -3.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -6.5 -.75 basis point
• MBS  5/10 Treasury Spread  109.0 -8.0 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.28 +.51%
• 3-Month T-Bill Yield .10% unch.

• Yield Curve 51.0 -.75 basis point

• China Iron Ore Spot 85.25 USD/Metric Tonne -.42%

• Citi US Economic Surprise Index -54.80 +50.5 points

• Citi Eurozone Economic Surprise Index -300.10 -6.7 points

• Citi Emerging Markets Economic Surprise Index 10.90 unch.

• 10-Year TIPS Spread 1.12 +4.0 basis points
• 99.3% chance of no change at July 29th meeting, 99.3% chance of no change at Sept. 16th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -14 open in Japan 
• China A50 Futures: Indicating -51 open in China

• DAX Futures: Indicating -21 open in Germany

Portfolio:

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

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Growth +1.3%

Sector Underperformers:

• 1) Gold & Silver -.4% 2) Computer Services +.4% 3) Pharma +.5%

Stocks Falling on Unusual Volume: 

• SGEN, SHLX, BECN, PTON, ARWR, FSLY, CARG, AVLR, TTD, PETQ, WD, RPD, PFPT, PCTY, OMCL, SWCH, ECOL, DLX, DSSI, VIRT, ROKU, APPN, GNMK, GLP, QLYS, DRNA, NET, LMNX, CATS and PRA

Stocks With Unusual Put Option Activity:

• 1) HLF 2) TWLO 3) YELP 4) GRUB 5) CTSH

Stocks With Most Negative News Mentions:

• 1) PRA 2) AAOI 3) GLP 4) ANIK 5) MSI

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +2.9%

Sector Outperformers:

• 1) Airlines +5.5% 2) Tobacco +4.3% 3) Alt Energy +4.2%

Stocks Rising on Unusual Volume:

• PRAA, RVLV, CWH, ECPG, TPIC, AAXN, SKYW, GLUU, VECO, SMCI, PAR, VTIQ, SMCI, ZG, UI, Z, BILL, XNCR, PBYI, SERV, THO, NERV, IPHI, EAT, PRPL, NXTC, SVMK, BYND, ATRC, VIVO, SPR, TWLO, YMAB, TCDA, UBER and EYE

Stocks With Unusual Call Option Activity:

• 1) DISH 2) CSOD 3) SIG 4) RIOT 5) GLUU

Stocks With Most Positive News Mentions:

• 1) HLF 2) AXL 3) IPHI 4) CTB 5) HMSY

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +7.0% Above 100-Day Average
• 11 Sectors Rising, 0 Sectors Declining
• 82.7% of Issues Advancing, 15.3% Declining
• 24 New 52-Week Highs, 2 New Lows
• 12.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 48.3%
• Vix 29.6 -5.8%
• Total Put/Call .78 -4.9%
• TRIN/Arms .87 -17.9%