Friday, January 15, 2021

Evening Headlines

Bloomberg:    
Wall Street Journal:
CNBC:
IG:
MarketWatch.com:      
Fox News:
Newsmax:  
Zero Hedge:
@kylenabecker:
TheGatewayPundit.com:
NBC 10 Philadelphia:
  • These Are the Companies Taking a Stand on the U.S. Capitol Protest by Pulling Their Political Donations. Many of the country's biggest companies across industry sectors, from Ford Motor Co. to Airbnb to Boston Scientific, announced suspensions of all PAC donations. The list of companies pledging change, which continues to grow, included the financial services companies JPMorgan Chase, Goldman Sachs and Citigroup and the tech behemoths Microsoft, Facebook and Google. A host of other large companies, including Delta Air Lines, Wells Fargo, Walmart and Bank of America, said they would take the unprecedented events of last week into account when considering future political donations.

Weekly Scoreboard*


S&P 500 3,778.50 -1.07%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 30,904.65 -.63%
  • NASDAQ 13,031.25 -1.0%
  • Russell 2000 2,128.45 +1.96%
  • S&P 500 High Beta 61.22 +2.1%
  • Goldman 50 Most Shorted 279.06 +8.2%
  • Wilshire 5000 39,801.09 -.74%
  • Russell 1000 Growth 2,401.87 -1.9%
  • Russell 1000 Value 1,389.07 +.1%
  • S&P 500 Consumer Staples 677.98 -1.83%
  • MSCI Cyclicals-Defensives Spread 1,361.69 -.95%
  • NYSE Technology 3,832.02 +.18%
  • Transports 12,979.34 +.57%
  • Utilities 861.88 +.82%
  • Bloomberg European Bank/Financial Services 61.61 -1.0%
  • MSCI Emerging Markets 54.30 +.3%
  • HFRX Equity Hedge 1,352.19 +.05%
  • HFRX Equity Market Neutral 927.45 +.29%
Sentiment/Internals
  • NYSE Cumulative A/D Line 449,413 +.59%
  • Bloomberg New Highs-Lows Index 1,668 -260
  • Crude Oil Commercial Bullish % Net Position -45.74 +2.39%
  • CFTC Oil Net Speculative Position 518,649 +1.35%
  • CFTC Oil Total Open Interest 2,169,541 +2.26%
  • Total Put/Call .76 +2.8%
  • OEX Put/Call 1.32 -9.1%
  • ISE Sentiment 102.0 -7.0 points
  • NYSE Arms 1.09 -17.1
  • Bloomberg Global Risk-On/Risk-Off Index 1,891.0 -152.0 points
  • Volatility(VIX) 23.8 +7.4%
  • S&P 500 Implied Correlation 49.9 +5.4%
  • G7 Currency Volatility (VXY) 6.86 +.29%
  • Emerging Markets Currency Volatility (EM-VXY) 10.4 -2.44%
  • Smart Money Flow Index 13,539.48 +.38%
  • ICI Money Mkt Mutual Fund Assets $4.315 Trillion +.14%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$11.493 Million
  • AAII % Bulls 45.2 -1.9%
  • AAII % Bears 33.5 +18.3%
Futures Spot Prices
  • CRB Index 175.25 +1.1%
  • Crude Oil 52.34 -.83%
  • Reformulated Gasoline 152.49 -1.43%
  • Natural Gas 2.75 +1.26%
  • Heating Oil 158.98 +.23%
  • Gold 1,828.40 -1.1%
  • Bloomberg Base Metals Index 215.54 -1.7
  • Copper 360.45 -2.4%
  • US No. 1 Heavy Melt Scrap Steel 472.0 USD/Metric Tonne -1.87%
  • China Iron Ore Spot 168.84 USD/Metric Tonne +1.64%
  • Lumber 663.40 -3.91%
  • UBS-Bloomberg Agriculture 1,110.40 +4.0%
Economy
  • Atlanta Fed GDPNow Forecast +8.7% unch.
  • ECRI Weekly Leading Economic Index Growth Rate +16.3% +.2 percentage point
  • Bloomberg US Recession Probability Next 12 Months 20.0% unch.
  • NY Fed Real-Time Weekly Economic Index -1.7 +10.5%
  • US Economic Policy Uncertainty Index 127.28 -10.0%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 168.65 +.75%
  • Citi US Economic Surprise Index 57.3 +9.1 points
  • Citi Eurozone Economic Surprise Index 160.4 -10.8 points
  • Citi Emerging Markets Economic Surprise Index 63.90 -5.1 points
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 1/27
  • US Dollar Index 90.74 +.74%
  • MSCI Emerging Markets Currency Index 1,734.54 +.18%
  • Bitcoin/USD 35,764.0 -10.7%
  • Euro/Yen Carry Return Index 129.73 -1.25%
  • Yield Curve 96.0 +15.25 basis points
  • 10-Year US Treasury Yield 1.09% -3.0 basis points
  • Federal Reserve's Balance Sheet $7.294 Trillion -.01%
  • U.S. Sovereign Debt Credit Default Swap 13.28 -3.25%
  • Illinois Municipal Debt Credit Default Swap 287.43 -.04%
  • Italian/German 10Y Yld Spread 116.0 +11.0 basis points
  • China Sovereign Debt Credit Default Swap 31.52 +11.0%
  • Brazil Sovereign Debt Credit Default Swap 167.50 +6.7%
  • Israel Sovereign Debt Credit Default Swap 46.29 +3.1%
  • South Korea Sovereign Debt Credit Default Swap 25.55 +8.6%
  • Russia Sovereign Debt Credit Default Swap 89.83 +4.5%
  • iBoxx Offshore RMB China Corporate High Yield Index 185.34 +.31%
  • 10-Year TIPS Spread 2.09% +3.0 basis points
  • TED Spread 15.0 +.5 basis point
  • 2-Year Swap Spread 7.25 -.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.5 -.25 basis point
  • N. America Investment Grade Credit Default Swap Index 51.42 +3.1%
  • America Energy Sector High-Yield Credit Default Swap Index 392.0 -1.0%
  • European Financial Sector Credit Default Swap Index 62.19 +6.8%
  • Emerging Markets Credit Default Swap Index 170.75 +10.8%
  • MBS 5/10 Treasury Spread 71.5 +3.0 basis points
  • Markit CMBX BBB-6 72.94 -.42%
  • M1 Money Supply $6.742 Trillion +3.34%
  • Commercial Paper Outstanding 1,060.80 -4.0%
  • 4-Week Moving Average of Jobless Claims 834,250 +2.24%
  • Continuing Claims Unemployment Rate 3.79% +9.0 basis points
  • Average 30-Year Mortgage Rate 2.79% +14.0 basis points
  • Weekly Mortgage Applications 965,200 +16.7%
  • Bloomberg Consumer Comfort 43.2 -1.2 points
  • Weekly Retail Sales +2.1% -300.0 basis points
  • Nationwide Gas $2.38/gallon +.08/gallon
  • Baltic Dry Index 1,792 +11.6%
  • China (Export) Containerized Freight Index 1,863.84 +6.27%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 -11.1%
  • Truckstop.com Market Demand Index 132.97 -2.0%
  • Rail Freight Carloads 289,849 +31.9%
Best Performing Style
  • Small-Cap Value +2.0%
Worst Performing Style
  • Large-Cap Growth -1.9%
Leading Sectors
  • Marijuana +18.6%
  • Retail +6.1%
  • Homebuilding +4.2%
  • Defense +4.0%
  • Oil Service +3.6%
Lagging Sectors
  • Medical Equipment -2.0%
  • Software -2.6%
  • Social Media -2.6%
  • Steel -3.1%
  • Gold & Silver -5.4%
Weekly High-Volume Stock Gainers (26)
  • ONDS, SWTX, AMRS, ACCD, ALDX, CCIV, DTIL, NPTN, PRCH, SWI, ESTC, ORIC, MNR, ACTC, CURI, SAH, AMWL, IMMR, NTRA, SURF, ALLO, IDYA, NGA, DNMR, STRO, MAXR and SCPL
Weekly High-Volume Stock Losers (17)
  • SCHN, GRUB, NKTR, ITRI, SWKS, OPEN, ICPT, KAR, AIMC, CDLX, EOSE, XL, NFE, AA, AMRC, ENPH and CLSK
ETFs
Stocks
*5-Day Change

Stocks Lower into Afternoon on Virus Shutdown Worries, Dollar Strength, Oil Decline, Commodity/Financial Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Above Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 23.3 +.04%
  • Bloomberg Global Risk On/Risk Off Index 1,931.0 -22.0 points
  • Euro/Yen Carry Return Index 129.76 -.58%
  • Emerging Markets Currency Volatility(VXY) 10.4 +.3%
  • S&P 500 Implied Correlation 49.2 +.5%
  • ISE Sentiment Index 102.0 -28.0 points
  • Total Put/Call .77 +16.7%
  • NYSE Arms 1.05 +34.6%
Credit Investor Angst:
  • North American Investment Grade CDS Index 51.23 +2.1%
  • US Energy High-Yield OAS 494.60 -.16%
  • European Financial Sector CDS Index 62.31 +2.0%
  • Italian/German 10Y Yld Spread 116.0 -3.0 basis points
  • Asia Ex-Japan Investment Grade CDS Index 61.58 +.60%
  • Emerging Market CDS Index 170.41 +1.7%
  • iBoxx Offshore RMB China Corporate High Yield Index 185.34 +.31%
  • 2-Year Swap Spread 7.25 +.75 basis point
  • TED Spread 15.0 -.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.5 -.25 basis point
  • MBS  5/10 Treasury Spread  71.75 -.25 basis point
  • IHS Markit CMBX BBB- 6 73.0 +.25 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 62.86 -.63%
  • 3-Month T-Bill Yield .08% unch.
  • Yield Curve 96.0 +.25 basis point
  • China Iron Ore Spot 168.80 USD/Metric Tonne -.18%
  • Citi US Economic Surprise Index 57.30 +5.1 points
  • Citi Eurozone Economic Surprise Index 160.40 -2.5 points
  • Citi Emerging Markets Economic Surprise Index 63.9 unch.
  • 10-Year TIPS Spread 2.09 unch.
  • 100.0% chance of no change at March 17th meeting, 100.0% chance of no change at April 28th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -96 open in Japan 
  • China A50 Futures: Indicating -47 open in China
  • DAX Futures: Indicating +5 open in Germany
Portfolio:
  • Lower: On losses in my tech/energy/industrial sector longs
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

Morning Market Internals

 NYSE Composite Index:

  • Volume Running +28.2% Above 100-Day Average 
  • 5 Sectors Rising, 6 Sectors Declining
  • 28.8% of Issues Advancing, 68.7% Declining
  • 77 New 52-Week Highs, 4 New Lows
  • 85.5% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 54.5% 
  • Bloomberg Global Risk-On/Risk-Off Index 1,872.0 -72.0 points
  • Vix 23.9 +2.6%
  • Total Put/Call .74 +12.1%
  • TRIN/Arms .92 +18.0%