Today's Headlines

Bloomberg:    

• Republicans Chide IMF Chief Over China Data Manipulation Report.
• China Will Use Market Tools to Stabilize Commodities: Premier Li.  
• Casinos and Evergrande Crisis Renew Worries Over China Stocks. 
• Short-Sellers Are Beating Day Traders in Korea’s Tech Crackdown.
• China Defends Tech Crackdown in Meeting With Wall Street Chiefs.
• U.K. Holiday Bookings Soar as Covid-19 Travel Restrictions Ease.
• Would-Be NFT Millionaires Throw a Dart and Usually Hit a Dud.  
• Vaccine Debate, Climate Goals Top Scaled-Back UN Summit’s Agenda.  
• AT&T 5G Upgrade Risks Silencing Home Alarms Reliant on Old Tech.  
• Wildfire Risk Prompts West U.S. Utilities to Warn of Power Cuts. 
• Earnings Alarm Bells Ringing for Market Showing Signs of Fatigue.  
• Deluge of Leveraged Buyout Debt to Hit High-Yield Market.  
• Powell Is Moving Closer to a Dial-Back in Stimulus: Eco Week.

Wall Street Journal:  

• Beijing’s Debt Clampdown Shakes Real-Estate Giant.
• West Virginia Was a Vaccine Success Story, but Cases Are Surging.
• Afghanistan’s Economic Meltdown Leaves Citizens Scrambling.
• The Facebook Files: A Wall Street Journal Investigation.
• Durham Cracks the Russia Case.  
• Biden’s Afghan Blunder Hurts India and Helps China.  
• Bernie’s Broken Markets.
• Companies Use Overtime to Solve Shortages. That May Cost Them More Workers.
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CNBC:

 

 

 

 

 

 

 

IG:

• Weekend Markets Trading Live.

Barron's:

• Had bullish commentary on .
• Had bearish commentary on .
  

MarketWatch.com:             

• Nursing homes are now facing a COVID resurgence, and a staffing shortage will only make it worse.

 

 

 

 

AP:

• 125 no longer employed after declining vaccine at Indiana’s largest hospital system. Indiana’s largest hospital system says more than 100 workers are no longer employed with the health network after they did not comply with its mandate for all employees to get vaccinated against COVID-19.

 

 

NY Post: 

• US companies riddled with members of Chinese Communist Party: Devine. Boeing(BA), Qualcomm(QCOM) and Pfizer(PFE) are just three US companies that have employed dozens of CCP members in their Chinese facilities, the database reveals.

 

 

 

Fox News:    

• Biden infrastructure agenda in limbo as Pelosi plays hardball.
• Liberal mayor gives defiant response after getting caught maskless in club. 
• Milley under fire as remark about failed Kabul strike comes back to haunt him.

Newsmax:     

• Administration, Under Fire, Works Plans to Fly Haitian Migrants Back to Haiti. 
• Ken Paxton to Newsmax: Situation at Del Rio Bridge Shows Border Crisis Worsening. 
• Gohmert: Biden's Call to Tax the Rich Will Hurt Poor.

Reuters:

• South Africa has administered at least 14,670,161 doses of COVID vaccines so far. Assuming every person needs 2 doses, that’s enough to have vaccinated about 12.5% of the country’s population. COVID-19 infections are decreasing in South Africa, with 4,019 new infections reported on average each day(48 infections per 100K people reported last 7 days). That’s 20% of the peak — the highest daily average reported on July 7.
• Israel has administered at least 14,607,688 doses of COVID vaccines so far. Assuming every person needs 2 doses, that’s enough to have vaccinated about 80.7% of the country’s population. Israel is reporting 8,429 new infections on average each day(651 infections per 100K people reported last 7 days), 78% of the peak — the highest daily average reported on September 13.

Zero Hedge:

• Antibody Treatments For COVID Work. Why Aren't They Being Promoted?
• DeSantis Office: Over Half Of Those Seeking Lifesaving COVID-19 Treatment In South Florida Fully Vaccinated.
• Taliban Changes Ministry Of Women's Affairs To Islamic 'Morality Police'.
• Biden Admin Starts Deporting Haitians From Under Texas Bridge, Fox Foils FAA Drone Ban.
• General Milley Downplayed BLM Riots To Prevent Trump From Invoking Insurrection Act. 
• Supply Chain Shipping Hell: "Just Get Me A Box" Says Logistics Manager.
• Ministry Of Manipulation: No Wonder Trust And Credibility Have Been Lost.
• Facebook Deletes German Anti-Lockdown Groups As New Censorship Rules Go Into Effect.
• Anti-Lockdown Protesters In Australia "Break Police Line" As Clashes Erupt.
• Europe's Soaring Natural Gas Prices To Persist For "Weeks To Come," IEA Warns.
• Almost A Quarter Of COVID Patients In England Are Being Treated For Something Else.
• Deep State, Deep Trouble.
• Victor Davis Hanson: The Death Of Science.
• Restaurants Remove Crab From Menus Due To Skyrocketing Prices.
• Here Are The States Receiving Bulk Of Afghan Refugees (With D.C. So Far Taking In Zero).
• 7 Signs Your Friend Or Family Member Has Fallen Victim To The Woke Mind Virus.
• Almost Half Of Americans Disapprove Of Biden Vaccine Mandates, New Poll Finds.
• China's War Against Crypto Is Officially Ramping Up (Again).
• Hospital Staff That Decline COVID Vaccine For Religious Reasons Must Attest To Also Swearing Off Tylenol, Tums, & Other Common Meds.

TheGatewayPundit.com:

• Los Angeles Teacher Caught With ‘F–k the Police,’ ‘F–k Amerikkka’ Propaganda Hanging in Classroom.
• Crossing the Line: Nicki Minaj Exposes the Media Mafia; Posts Private Messages From Reporters Threatening Her Family Members.
• Unreal: Secretary of State Blinken Deletes Tweet on Hong Kong Democracy to Appease His Chinese Overlords.
• Thousands Of Outraged New Yorkers To Protest Vaccine Passport Mandate In Times Square on Sept. 18.
• BREAKING: Armed Person Detained at J6 Rally is Undercover Agent, Pulls Out Badge (VIDEO).
• Governor Abbott Deploys DPS Troopers, National Guard to Build Barricade Along Border Around Del Rio Amid Surge of Illegal Aliens.
• Border Czar Kamala Harris Leads Coin Toss at Howard-Hampton Football Game as Thousands of Illegal Aliens Storm Border in Del Rio (VIDEO).
• “National Humiliation” — 70% Of Americans Embarrassed By Biden’s Failed Afghanistan Withdrawal.

The Epoch Times:

• China May Impose an ‘Economic Blockade’ on Taiwan to Force Submission: Experts.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Evening Headlines

Bloomberg:                

• China ADRs Tumble in Longest Rout Since 2019 on Fresh Risks.  
  
• From Tiger to Temasek, Investors Scarred by China EdTech Assault.
• South Korea Passes Extra Budget With Handouts to Most Households.
  
• Venezuelans Enduring Day-Long Waits to Fill Gasoline Tanks.  
• ECB Lifts Restrictions on Bank Dividends as Economy Rebounds.
• Oil Ekes Out Weekly Gain as Demand Rebound Offsets Virus Fears.
• Stocks Hit Record as Blowout Profits Hearten Bulls: Markets Wrap.
• Day Traders Take Wall Street by Storm Again in Record Dip Buying.
  
• Rivian Raises $2.5 Billion as It Readies Rollout of Pickup, SUV.  
• Coffee Stockpiles Turn to Gold After Shock to Global Supplies.
• GOP Negotiator Says Infrastructure Deal Will Be Ready Next Week.  
• New Hedge Fund Launches Are Storming Back After Two-Year Contraction.
• Charting the Global Economy: Inflation Maintains Firm Hold.

Wall Street Journal:

• Taking the ‘Bi’ Out of Bipartisan.
• U.S. Drops Visa Fraud Cases Against Five Chinese Researchers.
• Global Recovery Accelerates, but Delta Clouds Outlook.
• Gas Engines, Workers Cast Aside for Electric Vehicles.
• Texas Provides a Model for Conservative Healthcare Reform.
• Supply-Chain Backlogs Turn Chicago Into New Chokepoint.
• Tin Prices Reach Records as Delta Variant Disrupts Supply.
• More Canadian Churches Burn in Suspicious Fires.

CNBC:

• Dow jumps more than 200 points to close above 35,000 for the first time ever.
• Yellen urges Congress to raise or suspend the debt limit by Aug. 2.
• Appeals court blocks CDC restrictions on cruises in win for Florida.
• Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs.
• Microsoft gets new Street-high price target. One trader says ‘it’s a staple’.

IG:

• Weekend Markets Trading Live.

MarketWatch.com:          

• You know who doesn’t hate Facebook? Wall Street. 
• What will Apple say about the next iPhone at earnings time? Maybe more than usual.

Fox News:

• Growing trend among prominent journalists has media critics calling it 'dangerous time' in America.
• Fauci fires back at congressman as concerns grow over Wuhan lab funding.
  

Newsmax: 

• Barney Frank: Taking GOP Members Off Committee Violates Norms.
  

Zero Hedge:

• Dubai Makes Artificial Rain With Drones That Shock Clouds.
• "This Is The Biggest Bubble I've Seen In My Career" - Dems' Infrastructure Spending Could Lead To Devastating Crash, Druck Warns.
• Federal Court Rules CDC's COVID-19 Eviction Moratorium Is Unlawful.
• Biden Gaffe Renews Questions About COVID Transparency.
• "We're In Fantasyland" - Soaring Used-Car Prices Allow Sellers To Take In More Than They Paid.
• The Deep Seabed Is China's Next Target.
• Kodak Deletes Instagram Post After Photographer Called Xinjiang "Orwellian Dystopia".
• "This Is Strange": Goldman's Risk Appetite Indicator Crashes Just As Stocks Explode To Record High.
• Biden's Anti-Gun ATF Pick David Chipman Will Undermine Industry Cooperation.
• The Massive Costs Behind The Olympic Games.
• Two Parent Advocacy Groups Sue California Gov. Over COVID-19 Mask Mandate for School Children.
• Penthouse Atop NYC's Tallest Building Listed For $169 Million Despite Tenant Complaints.
• Stocks Surge After Monday Mayhem; Bonds, Bullion, Bitcoin, & Black Gold Flat.
  

TheGatewayPundit.com:

• “It’s Time to Start Blaming Unvaccinated Folks – Not the Regular Folks” – Alabama Governor Dehumanizes Unvaccinated People (VIDEO).
• Attorney: Jan. 6 Prisoners Brutally Beaten, Stripped, Hogtied, Humiliated by Guards – One Prisoner Blinded in One Eye – Worse Abuse Than Gitmo (VIDEO).
• “If You’re Afraid of Transparency, You’re Part of the Problem” – Sen. Doug Mastriano OBLITERATES State Democrats for Pushback on Elections Audit (VIDEO).
• Crooked Tony Podesta Gets Gig with China Telecom Corporation Huawei.
• AWFUL. Women’s Soccer Team Skips Representing United States at Olympic Opening Ceremony.
• “Are You Trying to Hide Something?” – Reporter Challenges Psaki on Not Releasing Breakthrough Covid Cases Among White House Staffers (VIDEO).
• DEMOCRAT ASSAULT ON POLICE: Washington DC Loses 400 Police Officers Since Democrat Officials Began Attacking Police Last Year.

The Epoch Times: 

• Beijing Imposes Retaliatory Sanctions on Former US Commerce Secretary Ross, Others.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
  
• NYTimes.com:  County Trends and Clusters.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity.
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Weekly Scoreboard*

S&P 500 4,410.92 +1.8%*

 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices

• DJIA 35,055.0 +1.1%

• NASDAQ 14,825.64 +2.6%

• Russell 2000 2,200.72 +1.7%

• S&P 500 High Beta 71.69 +2.4%

• Goldman 50 Most Shorted 323.85 +3.3%

• Wilshire 5000 45,744.0 +2.0%

• Russell 1000 Growth 2,859.30 +3.1%

• Russell 1000 Value 1,564.67 +.9%

• S&P 500 Consumer Staples 737.24 +.1%

• MSCI Cyclicals-Defensives Spread 1,429.07 +1.0%
  

• NYSE Technology 4,208.23 +3.8%

• Transports 14,756 +1.9%

• Utilities 901.77 -1.8%

• Bloomberg European Bank/Financial Services 70.78 +1.7%

• MSCI Emerging Markets 52.43 -1.9%

• HFRX Equity Hedge 1,437.32 +.24%

• HFRX Equity Market Neutral 933.43 -.08%

Sentiment/Internals

• NYSE Cumulative A/D Line 476,217 -.24%

• Bloomberg New Highs-Lows Index 162 +337

• Crude Oil Commercial Bullish % Net Position -40.0 +.%

• CFTC Oil Net Speculative Position 499,096 +.35%

• CFTC Oil Total Open Interest 2,413,536 -.02%

• Total Put/Call .81 -16.8%

• OEX Put/Call 1.92 -24.3%

• ISE Sentiment 121.0 +37.0 points

• NYSE Arms 2.48 +49.7% 
• Bloomberg Global Risk-On/Risk-Off Index 2,872.0 -54.0 points
• Bloomberg Financial Conditions Index + Bubbles 3.56 +.83% 
  

• Volatility(VIX) 17.3 -7.6%

• S&P 500 Implied Correlation 50.0 -5.8%

• G7 Currency Volatility (VXY) 6.1 +1.5%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.6 +2.6%

• Smart Money Flow Index 14,920.36 +.94%

• ICI Money Mkt Mutual Fund Assets $4.487 Trillion +.16%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +1.278 Million

• AAII % Bulls 30.6 -15.5%

• AAII % Bears 30.6 +14.2%

Futures Spot Prices

• CRB Index 216.43 +1.8%

• Crude Oil 72.0 +.5%

• Reformulated Gasoline 228.68 +1.6%

• Natural Gas 4.04 +9.7%

• Heating Oil 213.42 +1.4%

• Gold 1,801.64 -.59%
• Silver 25.20 -1.8%
  

• S&P GSCI Industrial Metals Index 461.58 -.02%

• Copper 440.70 +1.4%

• US No. 1 Heavy Melt Scrap Steel 492.0 USD/Metric Tonne -.2%

• China Iron Ore Spot 196.25 USD/Metric Tonne -8.4%

• Lumber 649.0 +23.7%

• UBS-Bloomberg Agriculture 1,261.17 +.4%
• US Gulf NOLA Potash Spot 550.0 USD/Short Ton +1.9%
  

Economy

• Atlanta Fed GDPNow Forecast +7.6% +.1 percentage points
  

• ECRI Weekly Leading Economic Index Growth Rate +12.7% -1.4 percentage points
  
• Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  

• NY Fed Real-Time Weekly Economic Index +8.73 +1.63%

• US Economic Policy Uncertainty Index 107.52 -18.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 204.82 +.75%

• Citi US Economic Surprise Index 8.7 -11.2 points

• Citi Eurozone Economic Surprise Index 65.2 -8.8 points

• Citi Emerging Markets Economic Surprise Index 56.5 -7.2 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 7/28

• US Dollar Index 92.92 +.24%

• MSCI Emerging Markets Currency Index 1,725.40 -.27%
  

• Bitcoin/USD 32,105.0 +2.4%

• Euro/Yen Carry Return Index 134.42 +.06%

• Yield Curve 101.0 -7.0 basis points
  

• 10-Year US Treasury Yield 1.29% -1.0 basis point
  

• Federal Reserve's Balance Sheet $8.202 Trillion +.48%

• U.S. Sovereign Debt Credit Default Swap 9.33 +.05%

• Illinois Municipal Debt Credit Default Swap 115.48 -4.1%
  

• Italian/German 10Y Yld Spread 104.0 -2.0 basis points
  

• China Sovereign Debt Credit Default Swap 38.5 +3.9%
  

• Brazil Sovereign Debt Credit Default Swap 173.0 -1.3%
  

• Israel Sovereign Debt Credit Default Swap 40.7 +.8%

• South Korea Sovereign Debt Credit Default Swap 18.9 +.9%

• Russia Sovereign Debt Credit Default Swap 86.03 -.48%

• China Corp. High-Yield Bond USD ETF(KCCB) 38.79 -.62%

• 10-Year TIPS Spread 2.35% +1.0 basis point

• TED Spread 8.0 -1.25 basis points

• 2-Year Swap Spread 8.5 +.5 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -5.5 -1.25 basis points

• N. America Investment Grade Credit Default Swap Index 48.36 -3.25%
  

• America Energy Sector High-Yield Credit Default Swap Index 313.0 +8.0%

• European Financial Sector Credit Default Swap Index 53.81 -2.4%
  

• Emerging Markets Credit Default Swap Index 160.94 -.73%
  

• MBS 5/10 Treasury Spread 72.5 +1.25 basis points
  
• Markit CMBX BBB-6 73.5 -.25 basis point

• M2 Money Supply YoY % Change 13.8 unch.
  

• Commercial Paper Outstanding 1,132.40 +.2%

• 4-Week Moving Average of Jobless Claims 385,250 +2,750 jobs
  

• Continuing Claims Unemployment Rate 2.4% unch.
  

• Average 30-Year Mortgage Rate 2.78% -10.0 basis points

• Weekly Mortgage Applications 698,300 -4.0%

• Langer Consumer Comfort 51.5 -.7 point

• Weekly Retail Sales +13.5% +3.4 percentage points

• Nationwide Gas $3.16/gallon unch.

• Baltic Dry Index 3,103 +2.11%

• China (Export) Containerized Freight Index 2,771.54 unch.

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 unch.
• Truckstop.com Market Demand Index 149.43 -5.9%

• Rail Freight Carloads 277,952 +15.1%
• Covid-19:  93 infections/100K people(last 7 days) +26/100K people
• Covid-19:  17% of Jan. 7th,2021 peak +4.0 percentage points
  

Best Performing Style

• Mid-Cap Growth +4.1%

Worst Performing Style

• Small-Cap Value +.5%
  

Leading Sectors

• Homebuilders +7.4%

• Restaurants +5.9%
  

• Internet +4.7%

• Gaming +3.9%
  

• Retail +3.7%
  

Lagging Sectors

• Gold & Silver -1.2%
  

• Energy -1.4%

• Tobacco -1.5%

• Utilities -1.8%

• Shipping -2.0%

Weekly High-Volume Stock Gainers (17)

• NRXP, SNAP, ARVN, AMEH, ROKU, ORMP, RHI, CLPT, FUV, SKX, AGFY, FB, PINS, CANO, MRNA, DYN and TWTR
  

Weekly High-Volume Stock Losers (6)

• CCK, PTRA, ARR, SHLX, SSB and INMB
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Bull Radar

Style Outperformer:

• Large-Cap Growth +1.4%

Sector Outperformers:

• 1) Homebuilding +2.8% 2) Internet +2.04% 3) Restaurants +1.7%

Stocks Rising on Unusual Volume:

• NRXP, SNAP, PRLD, AMEH, ARVN, ROKU, TTD, ALGS, ORMP, RHI, CLPT, CANO,  SKX, HZO, FUV, FB, PINS, MRNA, ETH, TPH, AGFY, IPSC, CCIV, SXT, OKTA, OLMA, DHI, HARP, CALX, RDNT, PTC, LIND, TWTR, GOOGL, DOCN, IPG and AFIB
  

Stocks With Unusual Call Option Activity:

• 1) SKX 2) FB 3) DPZ 4) KMB 5) VFC

Stocks With Most Positive News Mentions:

• 1) SNAP 2) SCKT 3) CNM 4) ARVN 5) PINS
  

Charts:

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