Weekly Scoreboard*

S&P 500 2,863.70 -2.26%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 23,685.42 -2.65%

• NASDAQ 9,014.56 -1.17%

• Russell 2000 1,256.99 -5.46%

• S&P 500 High Beta 33.08 -5.94%

• Goldman 50 Most Shorted 121.43 -2.31%

• Wilshire 5000 28,903.31 -2.59%

• Russell 1000 Growth 1,760.49 -.95%

• Russell 1000 Value 1,033.99 -4.3%

• S&P 500 Consumer Staples 586.53 -1.53%

• MSCI Cyclicals-Defensives Spread 1,121.14 -1.87%
  

• NYSE Technology 2,295.38 -.99%

• Transports 7,761.0 -6.86%

• Utilities 744.49 -2.57%

• Bloomberg European Bank/Financial Services 44.33 -6.9%

• MSCI Emerging Markets 36.14 -1.69%

• HFRX Equity Hedge 1,145.63 -.08%

• HFRX Equity Market Neutral 859.47 -.50%

Sentiment/Internals

• NYSE Cumulative A/D Line 388,745 -1.21%

• Bloomberg New Highs-Lows Index -281 -310

• Commercial Bullish % Net Position -39.3 +8.8%

• CFTC Oil Net Speculative Position 530,612 -10.0%

• CFTC Oil Total Open Interest 2,243,871 -.77%

• Total Put/Call .80 -5.88%

• OEX Put/Call 1.37 +7.2%

• ISE Sentiment 115.0 +18.0

• NYSE Arms 1.14 +100.0%

• Volatility(VIX) 31.89 +13.97%

• S&P 500 Implied Correlation 68.97 +3.17%

• G7 Currency Volatility (VXY) 8.08 -1.94%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.47 -2.8%

• Smart Money Flow Index 15,797.75 +.03%

• ICI Money Mkt Mutual Fund Assets $4.788 Trillion +.41%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$15.840 Million

• AAII % Bulls 23.3 -1.5%

• AAII % Bears 50.6 -3.9%

Futures Spot Prices

• CRB Index 124.74 +.01%

• Crude Oil 29.43 +19.5%

• Reformulated Gasoline 97.02 +1.66%

• Natural Gas 1.65 -9.81%

• Heating Oil 92.04 +2.06%

• Gold 1,756.30 +3.02%

• Bloomberg Base Metals Index 146.99 -1.86%

• Copper 233.05 -3.54%

• US No. 1 Heavy Melt Scrap Steel 249.0 USD/Metric Tonne unch.

• China Iron Ore Spot 90.15 USD/Metric Tonne +5.62%

• Lumber 345.0 -5.51%

• UBS-Bloomberg Agriculture 774.13 -.54%

Economy

• Atlanta Fed GDPNow Forecast -34.9% unch.

• ECRI Weekly Leading Economic Index Growth Rate -32.6% +3.3 percentage points
• Bloomberg US Recession Probability Next 12 Months 100.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -32.62 +5.57%

• US Economic Policy Uncertainty Index 613.91 -.19%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 140.49 -.52%

• Citi US Economic Surprise Index -95.30 -40.5 points

• Citi Eurozone Economic Surprise Index -300.60 -.5 point

• Citi Emerging Markets Economic Surprise Index 5.60 -4.3 points

• Fed Fund Futures imply 99.3% chance of no change, 0.0% chance of rate cut on 6/10

• US Dollar Index 100.41 +1.3%

• MSCI Emerging Markets Currency Index 1,560.60 -.43%

• Bitcoin/USD 9,410.0 -5.4%

• Euro/Yen Carry Return Index 120.34 +.36%

• Yield Curve 47.25 -3.5 basis points
  

• 10-Year US Treasury Yield .64% -4.0 basis points

• Federal Reserve's Balance Sheet $6.896 Trillion +3.19%

• U.S. Sovereign Debt Credit Default Swap 19.53 -12.7%

• Illinois Municipal Debt Credit Default Swap 568.17 +5.6%
  

• Italian/German 10Y Yld Spread 239.5 +1.25 basis points

• China Sovereign Debt Credit Default Swap 53.42 +9.0%
  

• Brazil Sovereign Debt Credit Default Swap 348.09 +8.96%
  

• Israel Sovereign Debt Credit Default Swap 74.56 -2.2%

• South Korea Sovereign Debt Credit Default Swap 33.87 -2.75%

• Russia Sovereign Debt Credit Default Swap 148.04 -7.23%

• iBoxx Offshore RMB China Corporate High Yield Index 164.58 +.35%

• 10-Year TIPS Spread 1.09% -3.0 basis points

• TED Spread 27.75 -5.75 basis points

• 2-Year Swap Spread 9.75 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap 9.50 +3.0 basis points

• N. America Investment Grade Credit Default Swap Index 95.29 +4.56%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,265.0 -1.51%

• European Financial Sector Credit Default Swap Index 110.35 +4.98%
  

• Emerging Markets Credit Default Swap Index 342.42 +2.68%
  

• MBS 5/10 Treasury Spread 107.0 +1.0 basis point
• Markit CMBX BBB-6 62.50 -1.5%

• M1 Money Supply $5.008 Trillion +1.8%

• Commercial Paper Outstanding 1,061.70 -.7%

• 4-Week Moving Average of Jobless Claims 3,616,500 -13.5%

• Continuing Claims Unemployment Rate 15.7% +2.0 basis points
  

• Average 30-Year Mortgage Rate 3.28% +2.0 basis points

• Weekly Mortgage Applications 746,700 +.34%

• Bloomberg Consumer Comfort 35.8 -1.1 points

• Weekly Retail Sales -7.50% -90.0 basis points

• Nationwide Gas $1.87/gallon +.04/gallon

• Baltic Dry Index 393.0 -23.5%

• China (Export) Containerized Freight Index 834.24 -.08%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 35.0 unch.
• Truckstop.com Market Demand Index 23.33 +10.0%

• Rail Freight Carloads 227,405 -.16%

Best Performing Style

• Large-Cap Growth -1.4%

Worst Performing Style

• Small-Cap Value -8.9%

Leading Sectors

• Gold & Silver +3.2%

• Video Gaming +2.7%

• Biotech +2.5%

• Pharma +.8%

• Healthcare Providers +.6%

Lagging Sectors

• Disk Drives -9.0% 

• Banks -10.0%

• Steel -10.5%

• Airlines -13.1%

• Coal -20.7%

Weekly High-Volume Stock Gainers (17)

• NVAX, SFIX, DKNG, SRPT, NEWR, BC, RCUS, PRPL, CVET, PTON, ZYXI, SCPL, GTHX, BRKR, ALLO, QDEL and PGNY

Weekly High-Volume Stock Losers (14)

• BXP, HIW, AFG, SR, SLG, VFC, VREX, TER, LORL, KTB, ANDE, LITE, VVI and SYNA

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Final Hour on Global Recession Fears, Escalating China Tensions, Technical Selling, Transport/Financial Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Modestly Higher
  

• Sector Performance: Mixed
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 32.2 -1.2%

• Euro/Yen Carry Return Index 120.32 +.13%

• Emerging Markets Currency Volatility(VXY) 11.48 -1.71%

• S&P 500 Implied Correlation 67.93 +.52%

• ISE Sentiment Index 111.0 +55.0 points

• Total Put/Call .79 -16.8%

• NYSE Arms .96 +88.2%

Credit Investor Angst:

• North American Investment Grade CDS Index 95.66 -.05%
  

• US Energy High-Yield OAS 1,289.28 +1.1%

• European Financial Sector CDS Index 110.19 +.88%

• Italian/German 10Y Yld Spread 239.50 +3.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 119.13 -.97%
  

• Emerging Market CDS Index 341.98 +.42%
  

• iBoxx Offshore RMB China Corporate High Yield Index 164.58 +.08%

• 2-Year Swap Spread 9.75 -1.0 basis point

• TED Spread 28.0 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -9.5 +.5 basis point
• MBS  5/10 Treasury Spread  107.0 unch.
• IHS Markit CMBX BBB- 6 62.5 -.75 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.13 -.08%
• 3-Month T-Bill Yield .11% unch.

• Yield Curve 47.25 -1.0 basis point

• China Iron Ore Spot 90.40 USD/Metric Tonne +4.12%

• Citi US Economic Surprise Index -95.30 -25.6 points

• Citi Eurozone Economic Surprise Index -300.60 +.6 point

• Citi Emerging Markets Economic Surprise Index 5.6 +5.0 points

• 10-Year TIPS Spread 1.09 +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 +23 open in Japan 
• China A50 Futures: Indicating -148 open in China

• DAX Futures: Indicating +39 open in Germany

Portfolio:

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

• Disclosed Trades: None

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Large-Cap Value -.7%

Sector Underperformers:

• 1) Utilities -2.6% 2) Semis -2.5% 3) REITs -2.0%

Stocks Falling on Unusual Volume: 

• ATO, EXC, EQR, ACMR, RTX, LUV, WEC, ADI, HIW, KLAC, CIT, SR, BXP, IPHI, VFC, AFG, ECOM, AMAT, QCOM, SLG, RVLV, LRCX, LORL, VREX, KTB, TER, ANDE, LITE, SYNA, OSTK, IIVI, VVI, VTIQ and CODX

Stocks With Unusual Put Option Activity:

• 1) SFIX 2) CODX 3) AMAT 4) QCOM 5) SMH

Stocks With Most Negative News Mentions:

• 1) GOOS 2) FITB 3) AEP 4) DTE 5) W

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth +1.5%

Sector Outperformers:

• 1) Gold & Silver +3.9% 2) Homebuilding +2.3% 3) Biotech +1.4%

Stocks Rising on Unusual Volume:

• DKNG, NEWR, RCUS, PENN, SRPT, CASH, PRPL, SFIX, ZYXI, VRTU, VECO, CVET, DDS, ALLO and NET

Stocks With Unusual Call Option Activity:

• 1) SRNE 2) JCP 3) PCG 4) SAVA 5) TJX

Stocks With Most Positive News Mentions:

• 1) NEWR 2) WIX 3) ORGS 4) AAON 5) MCK

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +5.9% Above 100-Day Average
• 1 Sector Rising, 10 Sectors Declining
• 45.2% of Issues Advancing, 52.4% Declining
• 24 New 52-Week Highs, 10 New Lows
• 11.6% of Issues Above 200-day Moving Average
• Average 14-Day RSI 44.8%
• Vix 33.5 +2.9%
• Total Put/Call .72 -24.2%
• TRIN/Arms .94 +84.3%