Weekly Scoreboard*

S&P 500 4,366.38 -1.9%*

 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices

• DJIA 34,372.0 -1.1%

• NASDAQ 14,573.56 -3.1%

• Russell 2000 2,250.85 +.07%

• S&P 500 High Beta 74.91 -.99%

• Goldman 50 Most Shorted 316.06 -1.71%

• Wilshire 5000 45,281.42 -1.9%

• Russell 1000 Growth 2,793.05 -3.3%

• Russell 1000 Value 1,570.04 -.47%

• S&P 500 Consumer Staples 717.60 -2.3%

• MSCI Cyclicals-Defensives Spread 1,414.08 -1.09%
  

• NYSE Technology 4,152.83 -3.7%

• Transports 14,269.0 -.23%

• Utilities 876.0 -1.7%

• Bloomberg European Bank/Financial Services 75.5 +1.9%

• MSCI Emerging Markets 50.42 -.76%

• HFRX Equity Hedge 1,455.98 -.93%

• HFRX Equity Market Neutral 928.74 +.2%

Sentiment/Internals

• NYSE Cumulative A/D Line 475,185 -.72%

• Bloomberg New Highs-Lows Index -280 -370

• Crude Oil Commercial Bullish % Net Position -35.2 -4.3%

• CFTC Oil Net Speculative Position 355,978 +.26%

• CFTC Oil Total Open Interest 2,101,558 -2.0%

• Total Put/Call .92 -6.1%

• OEX Put/Call 2.32 +8.67%

• ISE Sentiment 106.0 +26.0 point

• NYSE Arms .58 -27.4% 
• Bloomberg Global Risk-On/Risk-Off Index 2,980.0 -213.0 points
• Bloomberg Financial Conditions Index + Bubbles 5.37 -3.97%
  

• Volatility(VIX) 20.8 +17.4%

• S&P 500 Implied Correlation 56.41 +6.5%

• G7 Currency Volatility (VXY) 6.06 +1.3%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.8 +.11%

• Smart Money Flow Index 13,901.50 -2.3%

• ICI Money Mkt Mutual Fund Assets $4.544 Trillion +.64%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -15.536 Million

• AAII % Bulls 28.1 -6.0%

• AAII % Bears 40.7 +3.8%

Futures Spot Prices

• CRB Index 230.38 +1.6%

• Crude Oil 75.65 +1.7%

• Reformulated Gasoline 224.66 +3.8%

• Natural Gas 5.58 +8.0%

• Heating Oil 237.70 +3.5%

• Gold 1,757.56 +.59%
• Silver 22.52 +.65%
  

• S&P GSCI Industrial Metals Index 469.16 -3.7%

• Copper 420.25 -2.28%

• US No. 1 Heavy Melt Scrap Steel 440.0 USD/Metric Tonne -.45%

• China Iron Ore Spot 120.70 USD/Metric Tonne +3.3%

• Lumber 634.80 -.78%

• UBS-Bloomberg Agriculture 1,297.0 +1.45%
• US Gulf NOLA Potash Spot 610.0 USD/Short Ton +.83%
  

Economy

• Atlanta Fed GDPNow Forecast +3.2% -.5 percentage point
  

• ECRI Weekly Leading Economic Index Growth Rate +3.4% -.2 percentage point
  
• Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  

• NY Fed Real-Time Weekly Economic Index +7.6 -6.4%

• US Economic Policy Uncertainty Index 75.9 -10.4%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 214.55 +.15%

• Citi US Economic Surprise Index -23.8 +7.0 points

• Citi Eurozone Economic Surprise Index -59.7 +3.8 points

• Citi Emerging Markets Economic Surprise Index 3.7 +3.1 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 11/3

• US Dollar Index 94.02 +.89%

• MSCI Emerging Markets Currency Index 1,722.26 -.38%
  

• Bitcoin/USD 47,464 +8.6%

• Euro/Yen Carry Return Index 132.87 -.8%
  

• Yield Curve 120.0 +1.0 basis point
  

• 10-Year US Treasury Yield 1.47% +2.0 basis points
  

• Federal Reserve's Balance Sheet $8.408 Trillion -.5%

• U.S. Sovereign Debt Credit Default Swap 16.43 +21.2%

• Illinois Municipal Debt Credit Default Swap 128.21 +4.3%
  

• Italian/German 10Y Yld Spread 104.0 +3.0 basis points
  

• China Sovereign Debt Credit Default Swap 46.06 +4.3%
  

• Brazil Sovereign Debt Credit Default Swap 204.18 +1.8%
  

• Israel Sovereign Debt Credit Default Swap 43.32 +1.8%

• South Korea Sovereign Debt Credit Default Swap 19.57 +.14%

• Russia Sovereign Debt Credit Default Swap 89.20 +3.0%

• China Corp. High-Yield Bond USD ETF(KHYB) 36.85 -.89%

• 10-Year TIPS Spread 2.39% +5.0 basis points

• TED Spread 9.75 +.75 basis point

• 2-Year Swap Spread 10.75 -1.0 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -15.75 -13.0 basis points

• N. America Investment Grade Credit Default Swap Index 52.33 +3.4%
  

• America Energy Sector High-Yield Credit Default Swap Index 315.0 +4.8%

• European Financial Sector Credit Default Swap Index 56.72 +2.5%
  

• Emerging Markets Credit Default Swap Index 181.76 +3.2%
  

• MBS 5/10 Treasury Spread 71.25 -3.0 basis points
  
• Markit CMBX BBB-6 71.5 -.25 basis point

• M2 Money Supply YoY % Change 13.2 +1.1 percentage points
  

• Commercial Paper Outstanding 1,184.90 -.3%

• 4-Week Moving Average of Jobless Claims 340,000 +1.3%
  

• Continuing Claims Unemployment Rate 2.0% -10.0 basis points
  

• Average 30-Year Mortgage Rate 3.01% +13.0 basis points

• Weekly Mortgage Applications 734,900 -1.1%

• Langer Consumer Comfort 54.7 -1.6 points

• Weekly Retail Sales +16.3% unch.

• Nationwide Gas $3.19/gallon unch.

• Baltic Dry Index 5,167 +11.3%

• China (Export) Containerized Freight Index 3,235.26 +2.5%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.
• Truckstop.com Market Demand Index 164.86 +6.2%

• Rail Freight Carloads 272,644 +.67%
• US Covid-19:  240 infections/100K people(last 7 days total) -33/100K people
• US Covid-19:  45% of Jan. 7th,2021 peak -6.0 percentage points
  

Best Performing Style

• Mid-Cap Value -1.5%

Worst Performing Style

• Mid-Cap Growth -4.9%
  

Leading Sectors

• Oil Service +5.7%

• Energy +4.7%
  

• Gambling +2.1%

• Banks +1.7%
  

• Defense +.2%
  

Lagging Sectors

• Medical Equipment -5.1%
  

• Retail -5.1%

• Biotech -6.0%

• Semis -6.1%

• Robotics -6.4%
  

Weekly High-Volume Stock Gainers (26)

• AVIR, METC, SPWR, MRK, TGI, CEIX, IFF, CF, UAL, NOG, VERX, DAL, ULCC, PVAC, AMTX, SI, GOGO, VGR, INSW, BTU, CUK, OII, SGMS, GEL, HRI and FUN
  

Weekly High-Volume Stock Losers (31)

• LZ, TLRY, PDSB, RGEN, GRTS, NUE, COMP, VERI, BAND, PRCH, ZYXI, LMND, CHPT, SGFY, SLGC, XMTR, QDEL, REGN, ORMP, SWAV, UPST, RLAY, RXRX, MRNA, MRVI, DVAX, NVAX, HG, VIR, IRNT and ADGI
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Final Hour on Lower Long-Term Rates, Declining Covid Cases/Fears, Oil Gain, Commodity/Transport Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Around Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 21.1 -8.9%
• Bloomberg Global Risk On/Risk Off Index 2,954.0 +110.0 points

• Euro/Yen Carry Return Index 132.90 -.04%

• Emerging Markets Currency Volatility(VXY) 8.8 unch.

• S&P 500 Implied Correlation 56.9 -3.9%

• ISE Sentiment Index 114.0  +68.0 points
  

• Total Put/Call .93 -11.4%

• NYSE Arms .68 -56.4%

Credit Investor Angst:

• North American Investment Grade CDS Index 52.24 -1.59%
  

• US Energy High-Yield OAS 379.57 +.73%

• European Financial Sector CDS Index 56.66 +.43%

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

• Asia Ex-Japan Investment Grade CDS Index 84.27 -1.0%
  

• Emerging Market CDS Index 181.76 -.1%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 36.85 -.01%

• 2-Year Swap Spread 10.75 +.75 basis point
  

• TED Spread 9.75 -.5 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -15.75 -.5 basis point
  
• MBS  5/10 Treasury Spread  71.0 +.25 basis point
  
• IHS Markit CMBX BBB- 6 71.5 -.25 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.99 +.53%
• 3-Month T-Bill Yield .03% unch.
  

• Yield Curve 120.0 -2.0 basis points
  

• China Iron Ore Spot 121.0 USD/Metric Tonne +3.6%

• Citi US Economic Surprise Index -23.8 +9.4 points

• Citi Eurozone Economic Surprise Index -59.7 -1.1 points
  

• Citi Emerging Markets Economic Surprise Index 3.7 +2.0 points

• 10-Year TIPS Spread 2.38 unch.
• 100.0% chance of no change at Dec. 15th meeting, 97.6% chance of no change at Jan. 26th meeting

US Covid-19:

• 240 new infections/100K people(last 7 days total) -2/100K people
• 45% of Jan. 7th, 2021 peak(highest daily avg. new infections) unch.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating +289 open in Japan 
• China A50 Futures: Indicating -264 open in China

• DAX Futures: Indicating +61 open in Germany

Portfolio:

• Higher: On gains in my tech/medical/industrial/consumer discretionary sector longs
  

• Disclosed Trades:  Covered some of my (IWM)/(QQQ) hedges and some of my emerging market shorts
  

• Market Exposure: Moved to 100% Net Long
  

Bear Radar

 Style Underperformer:

• Mid-Cap Growth +.1%

Sector Underperformers:

• 1) Biotech -2.3% 2) Video Gaming -1.2% 3) Robotics -.9%

Stocks Falling on Unusual Volume: 

• DMTK, EDIT, ATRA, AFRM, BCRX, LCID, TLRY, GRTS, UTZ, BAND, REKR, PDSB, NFE, LZ, APR, ZYXI, SLGC, LMND, TDUP, CHPT, PRCH, COMP, SWAV, SGFY, QDEL, REGN, PDCE, XMTR, ORMP, LYEL, UPST, RLAY, FLGT, RXRX, MRNA, INT, MRVI, DVAX, NVAX, GH, IRNT, VIR and ADGI
  

Stocks With Unusual Put Option Activity:

• 1) MRK 2) XLB 3) EGHT 4) GOGO 5) NVAX
  

Stocks With Most Negative News Mentions:

• 1) SPIR 2) NVAX 3) INT 4) MRNA 5) VIR
  

Charts:

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

Bull Radar

 Style Outperformer:

• Small-Cap Value +1.4%

Sector Outperformers:

• 1) Airlines +4.6% 2) Gambling +4.3% 3) Shipping +2.1%

Stocks Rising on Unusual Volume:

• AVIR, METC, SBTX, SPWR, MRK, CDXS, CF, LAUR, LYV, ULCC, IFF, NEO, GOGO, HLT, RNG, FUN, HWM, AMTX and FIVN
  

Stocks With Unusual Call Option Activity:

• 1) HLT 2) MAT 3) XME 4) INOV 5) MRK

Stocks With Most Positive News Mentions:

• 1) AVIR 2) BTBT 3) NAT 4) CDXS 5) PROG
  

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running +2.6% Above 100-Day Average 
• 3 Sectors Rising, 8 Sectors Declining
• 48.7% of Issues Advancing, 47.4% Declining
• 40 New 52-Week Highs, 64 New Lows
• 54.2% of Issues Above 200-day Moving Average
• Average 14-Day RSI 42.1%
  
• Bloomberg Global Risk-On/Risk-Off Index 2,782.0 -62.0 points
• Russell 1000: Growth/Value 17,455 -.31%
  
• Vix 23.2 +.13%
• Total Put/Call .99 -5.7%
• TRIN/Arms .96 -38.5%