Saturday, April 10, 2021

Today's Headlines

Bloomberg:

Wall Street Journal:
CNBC:
  • Had bullish commentary on (GS).
  • Had bearish commentary on (CCL), (RCL), (CS) and (NCL).
MarketWatch.com:     
Fox News:
Newsmax:  
Zero Hedge:
TheGatewayPundit.com:

Friday, April 09, 2021

Weekly Scoreboard*


S&P 500 4,110.16 +2.28%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 33,643.35 +1.47%
  • NASDAQ 13,835.39 +2.76%
  • Russell 2000 2,235.18 -.90%
  • S&P 500 High Beta 71.0 +.21%
  • Goldman 50 Most Shorted 309.5 -2.4%
  • Wilshire 5000 42,946.50 +1.97%
  • Russell 1000 Growth 2,573.64 +3.6%
  • Russell 1000 Value 1,519.86 +.79%
  • S&P 500 Consumer Staples 705.74 +1.05%
  • MSCI Cyclicals-Defensives Spread 1,433.30 +2.4%
  • NYSE Technology 4,015.33 +2.6%
  • Transports 14,877.21 +.78%
  • Utilities 890.85 +1.4%
  • Bloomberg European Bank/Financial Services 70.0 -.2%
  • MSCI Emerging Markets 53.40 -.95%
  • HFRX Equity Hedge 1,386.64 +1.1%
  • HFRX Equity Market Neutral 941.71 +.16%
Sentiment/Internals
  • NYSE Cumulative A/D Line 464,089 +.58%
  • Bloomberg New Highs-Lows Index 718 +81
  • Crude Oil Commercial Bullish % Net Position -43.2 -1.1%
  • CFTC Oil Net Speculative Position 531,310 +1.6%
  • CFTC Oil Total Open Interest 2,327,016 +.23%
  • Total Put/Call .73 +1.43%
  • OEX Put/Call 1.95 -7.3%
  • ISE Sentiment 88.0 -2.0 points
  • NYSE Arms 1.43 -24.6
  • Bloomberg Global Risk-On/Risk-Off Index 3,209.0 +451.0 points
  • Volatility(VIX) 16.8 -3.1%
  • S&P 500 Implied Correlation 48.72 -3.07%
  • G7 Currency Volatility (VXY) 6.54 -.46%
  • Emerging Markets Currency Volatility (EM-VXY) 10.5 -2.6%
  • Smart Money Flow Index 14,159.43 +.33%
  • ICI Money Mkt Mutual Fund Assets $4.484 Trillion -.28%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +3.773 Million
  • AAII % Bulls 56.9 +24.2%
  • AAII % Bears 20.4 -12.1%
Futures Spot Prices
  • CRB Index 186.83 +.03%
  • Crude Oil 59.24 -2.6%
  • Reformulated Gasoline 195.27 -3.1%
  • Natural Gas 2.56 -3.4%
  • Heating Oil 180.54 unch.
  • Gold 1,744.90 +.92%
  • Silver 25.30 +.95%
  • Bloomberg Base Metals Index 237.48 +2.5
  • Copper 404.40 -1.2%
  • US No. 1 Heavy Melt Scrap Steel 453.0 USD/Metric Tonne -1.5%
  • China Iron Ore Spot 165.50 USD/Metric Tonne +3.4%
  • Lumber 1,131.0 unch.
  • UBS-Bloomberg Agriculture 1,134.12 +1.55%
  • US Gulf NOLA Potash Spot 318.0 USD/Short Ton unch.
Economy
  • Atlanta Fed GDPNow Forecast +6.2% +.2 percentage point
  • ECRI Weekly Leading Economic Index Growth Rate +25.1% -.4 percentage point
  • Bloomberg US Recession Probability Next 12 Months 12.0% -20.0%
  • NY Fed Real-Time Weekly Economic Index +9.52 +17.1%
  • US Economic Policy Uncertainty Index 150.1 +20.6%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 183.01 +.32%
  • Citi US Economic Surprise Index 37.20 +.7 point
  • Citi Eurozone Economic Surprise Index 150.40 -22.9 points
  • Citi Emerging Markets Economic Surprise Index 25.20 -.4 point
  • Fed Fund Futures imply 98.3% chance of no change, 1.7% chance of rate hike on 4/28
  • US Dollar Index 92.16 -.75%
  • MSCI Emerging Markets Currency Index 1,704.7 +.35%
  • Bitcoin/USD 58,229 -.89%
  • Euro/Yen Carry Return Index 134.88 +.19%
  • Yield Curve 149.0 -5.0 basis points
  • 10-Year US Treasury Yield 1.65% -7.0 basis points
  • Federal Reserve's Balance Sheet $7.670 Trillion +.27%
  • U.S. Sovereign Debt Credit Default Swap 11.38 +8.8%
  • Illinois Municipal Debt Credit Default Swap 188.35 -.59%
  • Italian/German 10Y Yld Spread 103.0 +7.0 basis points
  • China Sovereign Debt Credit Default Swap 37.87 +13.5%
  • Brazil Sovereign Debt Credit Default Swap 222.68 -.82%
  • Israel Sovereign Debt Credit Default Swap 44.0 -4.2%
  • South Korea Sovereign Debt Credit Default Swap 22.3 +5.5%
  • Russia Sovereign Debt Credit Default Swap 118.23 +6.0%
  • iBoxx Offshore RMB China Corporate High Yield Index 189.27 +.28%
  • 10-Year TIPS Spread 2.32% -5.0 basis points
  • TED Spread 18.0 -.75 basis point
  • 2-Year Swap Spread 13.0 -.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -2.5 unch.
  • N. America Investment Grade Credit Default Swap Index 51.23 +.99%
  • America Energy Sector High-Yield Credit Default Swap Index 360.0 -2.5%
  • European Financial Sector Credit Default Swap Index 57.81 -.08%
  • Emerging Markets Credit Default Swap Index 178.47 -.53%
  • MBS 5/10 Treasury Spread 67.75 -3.25 basis points
  • Markit CMBX BBB-6 73.25 unch.
  • M1 Money Supply $1.841 Trillion unch.
  • Commercial Paper Outstanding 1,172.20 +6.6%
  • 4-Week Moving Average of Jobless Claims 723,750 +.35%
  • Continuing Claims Unemployment Rate 2.6% -10.0 basis points
  • Average 30-Year Mortgage Rate 3.13% -4.0 basis points
  • Weekly Mortgage Applications 693,500 -5.1%
  • Bloomberg Consumer Comfort 51.9 +1.9 points
  • Weekly Retail Sales +9.3% +70.0 basis points
  • Nationwide Gas $2.87/gallon unch.
  • Baltic Dry Index 2,088 +2.1%
  • China (Export) Containerized Freight Index 1,858.01 -.74%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 -12.5%
  • Truckstop.com Market Demand Index 174.54 -15.2%
  • Rail Freight Carloads 285,748 -1.2%
Best Performing Style
  • Large-Cap Growth +3.4%
Worst Performing Style
  • Small-Cap Growth -.9%
Leading Sectors
  • Shipping +3.7%
  • Software +3.5%
  • Internet +3.4%
  • Computer Hardware +2.8%
  • Restaurants +2.5%
Lagging Sectors
  • Steel -1.4%
  • Biotech -2.2%
  • Energy -4.3%
  • Alt Energy -4.6%
  • Oil Service -6.2%
Weekly High-Volume Stock Gainers (20)
  • LOVE, COMM, PAR, RICE, MRNA, ASO, SLQT, ORGO, CARA, ANF, OAS, HOG, PCT, IBP, HARP, PRIM, DY and FND
Weekly High-Volume Stock Losers (10)
  • BKR, ZGNX, UCTT, RETA, LUNG, CCCC, WISH, PRCH, ITOS and ZNTL
ETFs
Stocks
*5-Day Change

Stocks Rising into Final Hour on US Economic Optimism, Sector Rotation, Technical Buying, Consumer Discretionary/Healthcare Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 16.8 -.7%
  • Bloomberg Global Risk On/Risk Off Index 3,200.0 +49.0 points
  • Euro/Yen Carry Return Index 134.90 +.25%
  • Emerging Markets Currency Volatility(VXY) 10.5 -.38%
  • S&P 500 Implied Correlation 49.1 +.7%
  • ISE Sentiment Index 87.0 -31.0 points
  • Total Put/Call .71 unch.
  • NYSE Arms 1.45 -19.4%
Credit Investor Angst:
  • North American Investment Grade CDS Index 51.14 -.09%
  • US Energy High-Yield OAS 453.78 -.67%
  • European Financial Sector CDS Index 57.88 -.02%
  • Italian/German 10Y Yld Spread 103.0 +3.0 basis points
  • Asia Ex-Japan Investment Grade CDS Index 70.92 +2.9%
  • Emerging Market CDS Index 178.41 +.84%
  • iBoxx Offshore RMB China Corporate High Yield Index 189.27 +.02%
  • 2-Year Swap Spread 13.0 -.5 basis point
  • TED Spread 18.0 -1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -2.5 -.75 basis point
  • MBS  5/10 Treasury Spread  67.0 -3.25 basis points
  • IHS Markit CMBX BBB- 6 73.25 unch.
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 60.49 -.44%
  • 3-Month T-Bill Yield .01% unch.
  • Yield Curve 148.0 -3.0 basis points
  • China Iron Ore Spot 165.50 USD/Metric Tonne -.35%
  • Citi US Economic Surprise Index 37.20 -.6 point
  • Citi Eurozone Economic Surprise Index 150.40 -19.0 points
  • Citi Emerging Markets Economic Surprise Index 25.20 +.3 point
  • 10-Year TIPS Spread 2.33 unch.
  • 94.4% chance of no change at June 16th meeting, 94.4% chance of no change at Sept. 22nd meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +103 open in Japan 
  • China A50 Futures: Indicating -20 open in China
  • DAX Futures: Indicating +23 open in Germany
Portfolio:
  • Higher: On gains in my tech/medical/industrial sector longs
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

Morning Market Internals

NYSE Composite Index:
  • Volume Running -29.2% Below 100-Day Average 
  • 7 Sectors Rising, 4 Sectors Declining
  • 50.9% of Issues Advancing, 45.1% Declining
  • 177 New 52-Week Highs, 5 New Lows
  • 89.1% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 53.8%
  • Bloomberg Global Risk-On/Risk-Off Index 3,200.0 +50.0 points
  • Vix 17.1 +.9%
  • Total Put/Call .71 unch.
  • TRIN/Arms 1.03 -42.3%