Sunday, January 10, 2021

Monday Watch

Today's Headlines
Bloomberg:      
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax:   
TheGatewayPundit.com:
The Epoch Times:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are -.75% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 58.25 +1.25 basis points.
  • China Sovereign CDS 28.5 unch.
  • Bloomberg Emerging Markets Currency Index 62.47 -.14%.
  • Bloomberg Global Risk-On/Risk Off Index 2,070.0 +16.0 points.
  • Volatility Index(VIX) futures 25.2 +1.4%. 
  • Euro Stoxx 50 futures +.11%.
  • S&P 500 futures -.33%.
  • NASDAQ 100 futures -.22%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AZZ)/.68
  • (CMC)/.53
After the Close:
  • (SNX)/3.70
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Inflation Data report, 3Y T-Note auction, JPMorgan Healthcare Conference, Needham Growth Conference, CES 2021, Morgan Stanley Auto Conference and the (ZS) analyst day could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and consumer shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

Saturday, January 09, 2021

Today's Headlines

Bloomberg:  
Wall Street Journal:
CNBC:
  • Had bullish commentary on (BKNG), (DRI), (LUV), (TOL), (LEN), (RIO), (VMC) and (TECK).
  • Had bearish commentary on (GME).
MarketWatch.com:    
Fox News:
Newsmax:  
Zero Hedge:
@kylenabecker:
TheGatewayPundit.com:

Friday, January 08, 2021

Weekly Scoreboard*

S&P 500 3,824.68 +1.48%*

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 31,097.97 +1.46%
  • NASDAQ 13,201.97 +2.06%
  • Russell 2000 2,091.66 +5.30%
  • S&P 500 High Beta 60.15 +5.67%
  • Goldman 50 Most Shorted 259.38 +10.3%
  • Wilshire 5000 40,122.82 +2.07%
  • Russell 1000 Growth 2,457.26 +.83%
  • Russell 1000 Value 1,388.23 +2.55%
  • S&P 500 Consumer Staples 689.47 -1.37%
  • MSCI Cyclicals-Defensives Spread 1,366.65 -.67%
  • NYSE Technology 3,850.30 +3.25%
  • Transports 12,875.66 +3.27%
  • Utilities 851.28 -1.71%
  • Bloomberg European Bank/Financial Services 62.23 +5.1%
  • MSCI Emerging Markets 54.21 +4.65%
  • HFRX Equity Hedge 1,338.99 +.45%
  • HFRX Equity Market Neutral 922.0 +.53%
Sentiment/Internals
  • NYSE Cumulative A/D Line 446,789 +.61%
  • Bloomberg New Highs-Lows Index 1,928 +1,134
  • Crude Oil Commercial Bullish % Net Position -46.9 -5.43%
  • CFTC Oil Net Speculative Position 511,731 -2.66%
  • CFTC Oil Total Open Interest 2,121,502 +.03%
  • Total Put/Call .72 -13.4$
  • OEX Put/Call 1.18 +2.4%
  • ISE Sentiment 109.0 +4.0 points
  • NYSE Arms 1.17 +.95
  • Bloomberg Global Risk-On/Risk-Off Index 2,043.0 +551.0 points
  • Volatility(VIX) 21.56 -4.31%
  • S&P 500 Implied Correlation 46.99 -1.51%
  • G7 Currency Volatility (VXY) 6.84 -3.8%
  • Emerging Markets Currency Volatility (EM-VXY) 10.64 -2.33%
  • Smart Money Flow Index 13,488.71 +.29%
  • ICI Money Mkt Mutual Fund Assets $4.309 Trillion +.28%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$4.071 Million
  • AAII % Bulls 42.1 -8.6%
  • AAII % Bears 33.5 +25.0%
Futures Spot Prices
  • CRB Index 173.35 +3.31%
  • Crude Oil 52.24 +7.79%
  • Reformulated Gasoline 154.23 +9.14%
  • Natural Gas 2.70 +6.05%
  • Heating Oil 157.95 +6.34%
  • Gold 1,835.40 -2.93%
  • Bloomberg Base Metals Index 219.32 +4.4
  • Copper 367.35 +4.53%
  • US No. 1 Heavy Melt Scrap Steel 481.0 USD/Metric Tonne +13.7%
  • China Iron Ore Spot 166.30 USD/Metric Tonne +3.0%
  • Lumber 688.0 -20.5%
  • UBS-Bloomberg Agriculture 1,066.33 +1.83%
Economy
  • Atlanta Fed GDPNow Forecast +8.7% -2.7 percentage points
  • ECRI Weekly Leading Economic Index Growth Rate +16.1% +.9 percentage point
  • Bloomberg US Recession Probability Next 12 Months 20.0% unch.
  • NY Fed Real-Time Weekly Economic Index -1.76 -170.8%
  • US Economic Policy Uncertainty Index 82.99 -58.4%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 167.39 +.86%
  • Citi US Economic Surprise Index 48.2 +14.2 points
  • Citi Eurozone Economic Surprise Index 171.2 -17.3 points
  • Citi Emerging Markets Economic Surprise Index 69.0 -.9 point
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 1/27
  • US Dollar Index 90.08 +.28%
  • MSCI Emerging Markets Currency Index 1,722.54 +.16%
  • Bitcoin/USD 40,400 +36.8%
  • Euro/Yen Carry Return Index 130.47 -.19%
  • Yield Curve 80.75 +15.25 basis points
  • 10-Year US Treasury Yield 1.12% +20.0 basis points
  • Federal Reserve's Balance Sheet $7.294 Trillion -.38%
  • U.S. Sovereign Debt Credit Default Swap 13.71 -3.25%
  • Illinois Municipal Debt Credit Default Swap 287.55 -10.9%
  • Italian/German 10Y Yld Spread 105.0 -6.0 basis points
  • China Sovereign Debt Credit Default Swap 28.60 +2.3%
  • Brazil Sovereign Debt Credit Default Swap 155.56 +9.22%
  • Israel Sovereign Debt Credit Default Swap 44.88 -2.9%
  • South Korea Sovereign Debt Credit Default Swap 23.57 +5.5%
  • Russia Sovereign Debt Credit Default Swap 85.93 +.6%
  • iBoxx Offshore RMB China Corporate High Yield Index 184.76 +.21%
  • 10-Year TIPS Spread 2.06% +7.0 basis points
  • TED Spread 14.5 -2.5 basis points
  • 2-Year Swap Spread 7.75 -1.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.25 +.25 basis point
  • N. America Investment Grade Credit Default Swap Index 49.53 -1.23%
  • America Energy Sector High-Yield Credit Default Swap Index 395.0 -3.72%
  • European Financial Sector Credit Default Swap Index 58.22 -.92%
  • Emerging Markets Credit Default Swap Index 153.54 +1.86%
  • MBS 5/10 Treasury Spread 68.5 -3.0 basis points
  • Markit CMBX BBB-6 73.25 +.16%
  • M1 Money Supply $6.524 Trillion -2.16%
  • Commercial Paper Outstanding 1,105.20 +8.3%
  • 4-Week Moving Average of Jobless Claims 818,750 -2.24%
  • Continuing Claims Unemployment Rate 3.5% -10.0 basis points
  • Average 30-Year Mortgage Rate 2.65% -2.0 basis points
  • Weekly Mortgage Applications 827,200 +1.66%
  • Bloomberg Consumer Comfort 44.4 -.2 point
  • Weekly Retail Sales +5.1% +10.0 basis points
  • Nationwide Gas $2.30/gallon +.09/gallon
  • Baltic Dry Index 1,448 +6.o%
  • China (Export) Containerized Freight Index 1,753.85 +5.74%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.5 +28.6%
  • Truckstop.com Market Demand Index 136.41 +12.6%
  • Rail Freight Carloads 219,713 -.17%
Best Performing Style
  • Small-Cap Value +5.3%
Worst Performing Style
  • Large-Cap Growth +.8%
Leading Sectors
  • Marijuana +17.2%
  • Alt Energy +17.1%
  • Oil Service +14.1%
  • Steel +10.5%
  • Energy +10.0%
Lagging Sectors
  • Education -1.3%
  • Airlines -1.6%
  • Utilities -1.7%
  • Homebuilding -2.3%
  • REITs -2.4%
Weekly High-Volume Stock Gainers (25)
  • MARA, VERI, RIOT, CATM, AVYA, SOL, PLUG, EOSE, STPK, TRIP, NBIX, GOCO, X, DDD, ARCT, PSTH, IPOF, GRUB, GT, TSLA, ROKU, FFIV, AINV, ACCD, PACB and SNPR
Weekly High-Volume Stock Losers (21)
  • XL, BYND, IRTC, RMO, NKTX, BLNK, HELE, COOP, RETA, ATSG, XLRN, MGNI, PCVX, PRAA, SPRO, FUBO, LGIH, ECPG, TMHC, QS and SRPT
ETFs
Stocks
*5-Day Change