Weekly Scoreboard*

S&P 500 3,111.75 +2.11%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 25.995.18 +1.6%

• NASDAQ 9,951.18 +3.86%

• Russell 2000 1,423.27 +2.52%

• S&P 500 High Beta 41.45 +.19%

• Goldman 50 Most Shorted 143.80 +4.5%

• Wilshire 5000 31,688.58 +2.48%

• Russell 1000 Growth 1,911.28 +3.2%

• Russell 1000 Value 1,130.42 +.93%

• S&P 500 Consumer Staples 609.91 +2.98%

• MSCI Cyclicals-Defensives Spread 1,219.64 +.58%
  

• NYSE Technology 2,574.13 +5.0%

• Transports 9,121.07 +.3%

• Utilities 792.25 -.02%

• Bloomberg European Bank/Financial Services 51.68 +.62%

• MSCI Emerging Markets 40.22 +.7%

• HFRX Equity Hedge 1,187.03 +.60%

• HFRX Equity Market Neutral 902.19 +.37%

Sentiment/Internals

• NYSE Cumulative A/D Line 406,987 +1.02%

• Bloomberg New Highs-Lows Index 205 +164

• Crude Oil Commercial Bullish % Net Position -46.22 -1.09%

• CFTC Oil Net Speculative Position 567,909 -.07%

• CFTC Oil Total Open Interest 2,126,629 -.05%

• Total Put/Call .91 -11.3%

• OEX Put/Call 2.32 +84.8%

• ISE Sentiment 93.0 +17.0

• NYSE Arms 1.39 +218.2%

• Volatility(VIX) 33.28 -9.9%

• S&P 500 Implied Correlation 71.12 +4.91%

• G7 Currency Volatility (VXY) 7.84 -4.9%
  

• Emerging Markets Currency Volatility (EM-VXY) 10.7 +6.1%

• Smart Money Flow Index 15,798.13 +1.4%

• ICI Money Mkt Mutual Fund Assets $4.685 Trillion -.7%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows +$15.883 Million

• AAII % Bulls 24.4 -28.9%

• AAII % Bears 47.8 +25.6%

Futures Spot Prices

• CRB Index 137.97 +2.59%

• Crude Oil 39.82 +7.9%

• Reformulated Gasoline 127.0 +12.25%

• Natural Gas 1.67 -4.36%

• Heating Oil 121.12 +8.74%

• Gold 1,754.60 +.91%

• Bloomberg Base Metals Index 163.76 +1.4%

• Copper 261.15 -.21%

• US No. 1 Heavy Melt Scrap Steel 259.0 USD/Metric Tonne -2.26%

• China Iron Ore Spot 100.7 USD/Metric Tonne +.2%

• Lumber 415.0 +17.8%

• UBS-Bloomberg Agriculture 801.64 -.38%

Economy

• Atlanta Fed GDPNow Forecast -45.5% +3.0 percentage points

• ECRI Weekly Leading Economic Index Growth Rate -14.9% +3.6 percentage points
• Bloomberg US Recession Probability Next 12 Months 100.0% unch.

• NY Fed Real-Time Weekly Economic Index -8.39 +9.1%

• US Economic Policy Uncertainty Index 264.90 -29.8%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 143.0 +.56%

• Citi US Economic Surprise Index 128.60 +46.4 points

• Citi Eurozone Economic Surprise Index -186.90 +29.0 points

• Citi Emerging Markets Economic Surprise Index -3.80 -24.7 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 7/29

• US Dollar Index 97.59 +.51%

• MSCI Emerging Markets Currency Index 1,590.33 -.43%

• Bitcoin/USD 9,296.95 -1.43%

• Euro/Yen Carry Return Index 123.91 -1.12%

• Yield Curve 50.75 +.75 basis point
  

• 10-Year US Treasury Yield .69% +1.0 basis point

• Federal Reserve's Balance Sheet $7.056 Trillion -1.04%

• U.S. Sovereign Debt Credit Default Swap 17.03 -4.5%

• Illinois Municipal Debt Credit Default Swap 376.52 -13.5%
  

• Italian/German 10Y Yld Spread 177.25 -11.5 basis points

• China Sovereign Debt Credit Default Swap 48.39 -5.7%
  

• Brazil Sovereign Debt Credit Default Swap 263.48 -1.25%
  

• Israel Sovereign Debt Credit Default Swap 59.19 -6.3%

• South Korea Sovereign Debt Credit Default Swap 27.08 -2.28%

• Russia Sovereign Debt Credit Default Swap 88.89 -1.15%

• iBoxx Offshore RMB China Corporate High Yield Index 169.30 +.14%

• 10-Year TIPS Spread 1.29% +10.0 basis points

• TED Spread 16.0 +.75 basis point

• 2-Year Swap Spread 6.75 -1.0 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -11.0 -4.75 basis points

• N. America Investment Grade Credit Default Swap Index 76.78 -4.21%
  

• America Energy Sector High-Yield Credit Default Swap Index 1,051.0 -.28%

• European Financial Sector Credit Default Swap Index 75.63 -6.87%
  

• Emerging Markets Credit Default Swap Index 197.46 -21.4%
  

• MBS 5/10 Treasury Spread 114.0 +9.0 basis points
• Markit CMBX BBB-6 71.0 -.08%

• M1 Money Supply $5.134 Trillion +1.76%

• Commercial Paper Outstanding 1,011.3 -1.6%

• 4-Week Moving Average of Jobless Claims 1,773,500 -11.68%

• Continuing Claims Unemployment Rate 14.1% -30.0 basis points
  

• Average 30-Year Mortgage Rate 3.13% -8.0 basis points

• Weekly Mortgage Applications 846.90 +7.95%

• Bloomberg Consumer Comfort 40.2 +1.5 points

• Weekly Retail Sales -9.0% +70.0 basis points

• Nationwide Gas $2.12/gallon +.02/gallon

• Baltic Dry Index 1,527.0 +65.4%

• China (Export) Containerized Freight Index 842.60 +.41%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.5 unch.
• Truckstop.com Market Demand Index 62.05 +31.71%

• Rail Freight Carloads 250,854 +4.23%

Best Performing Style

• Small-Cap Growth +4.1%

Worst Performing Style

• Small-Cap Value +.8%

Leading Sectors

• Disk Drives +6.9%

• Social Media +6.7%

• Biotech +5.5%

• Alt Energy +4.7%

• Video Gaming +4.7%

Lagging Sectors

• Airlines -2.0% 

• Oil Service -2.2%

• Gaming -2.7%

• Education -4.1%

• Coal -11.9%

Weekly High-Volume Stock Gainers (32)

• AGLE, ASMB, CHGG, GRPN, ONEM, WING, VERI, PBYI, NLTX, VICR, PAE, NUAN,  VMD, VMW, SMCI, GTHX, MNTA, AKCA, RMBS, EXPI, LNTH, PCH, AMED PRVB, RARE, VVNT, QDEL, VIR, CNNE, MKSI, RAMP, PAR and FSLY

Weekly High-Volume Stock Losers (3)

• KFY, PCG and GBCI

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Lower into Final Hour on Coronavirus 2nd Wave Fears, Rising Biden Presidency Odds, Geopolitical Tensions, Financial/Transport Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Mixed
  

• Volume: Average

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 33.5 +1.6%

• Euro/Yen Carry Return Index 123.92 -.26%

• Emerging Markets Currency Volatility(VXY) 10.72 -.83%

• S&P 500 Implied Correlation 71.99 +4.3%

• ISE Sentiment Index 96.0 -1.0 point

• Total Put/Call .87 +2.35%

• NYSE Arms 1.82 +121.9%

Credit Investor Angst:

• North American Investment Grade CDS Index 77.43 +4.6%
  

• US Energy High-Yield OAS 922.14 -.05%

• European Financial Sector CDS Index 75.86 -.81%

• Italian/German 10Y Yld Spread 177.25 -1.5 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 85.67 +.98%
  

• Emerging Market CDS Index 198.88 -5.0%
  

• iBoxx Offshore RMB China Corporate High Yield Index 169.30 +.09%

• 2-Year Swap Spread 6.75 +.75 basis point

• TED Spread 16.0 unch.

• 3-Month EUR/USD Cross-Currency Basis Swap -11.0 -.75 basis point
• MBS  5/10 Treasury Spread  115.0 +1.0 basis point
• IHS Markit CMBX BBB- 6 71.0 -.5 basis point

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 60.43 +.22%
• 3-Month T-Bill Yield .15% unch.

• Yield Curve 50.75 -1.0 basis point

• China Iron Ore Spot 100.65 USD/Metric Tonne -.26%

• Citi US Economic Surprise Index 128.60 +1.9 points

• Citi Eurozone Economic Surprise Index -186.90 +5.1 points

• Citi Emerging Markets Economic Surprise Index -3.8 +.1 point

• 10-Year TIPS Spread 1.29 +3.0 basis points
• 100.0% chance of no change at Sept. 16 meeting, 100.0% chance of no change at Nov. 5th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -63 open in Japan 
• China A50 Futures: Indicating -192 open in China

• DAX Futures: Indicating -171 open in Germany

Portfolio:

• Higher: On gains in my medical/biotech sector longs and index hedges

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

• Market Exposure: Moved to 25% Net Long

Bear Radar

Style Underperformer:

• Small-Cap Value -1.0%

Sector Underperformers:

• 1) Homebuilders -1.9% 2) Airlines -1.6% 3) Road & Rail -1.6%

Stocks Falling on Unusual Volume: 

• BXS, KTOS, NHI, MEI, GEO, BHLB, WSBC, UMBF, WAFD, DORM, VTR, BANR, SWBI, MNR, TOWN, CTRE, CLDR, MRCY, NKLA, FFIN, EBSB, KFY, ACTT, PING, FMCI, PCG, GBCI, KMX, BHVN, EPZM and AMSWA

Stocks With Unusual Put Option Activity:

• 1) MBB 2) KMX 3) LNG 4) BG 5) XLK

Stocks With Most Negative News Mentions:

• 1) BGG 2) FULC 3) FBNC 4) WORK  5) STNG

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Growth -.1%

Sector Outperformers:

• 1) Gold & Silver +4.4% 2) Disk Drives +1.3% 3) Biotech +.9%

Stocks Rising on Unusual Volume:

• AGLE, ASMB, CHGG, GRPN, CRY, WING, VERI, PAE, VICR, VMD, RMBS, ENPH, MNTA, SMCI, EXPI, SSYS, PRVB, NUAN, ONEM, AMED and LNTH

Stocks With Unusual Call Option Activity:

• 1) WKHS 2) IMMU 3) KMX 4) ITCI 5) EGHT

Stocks With Most Positive News Mentions:

• 1) ANPC 2) PESI 3) RYAM 4) VVPR 5) SPOT

Charts:

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