Weekly Scoreboard*

S&P 500 4,474.34 +1.7%*

 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices

• DJIA 35,283.62 +1.3%

• NASDAQ 14,894.98 +2.1%

• Russell 2000 2,287.64 +2.4%

• S&P 500 High Beta 77.10 +2.4%

• Goldman 50 Most Shorted 311.84 +3.2%

• Wilshire 5000 46,480.54 +1.7%

• Russell 1000 Growth 2,867.41 +2.4%

• Russell 1000 Value 1,607.87 +1.4%

• S&P 500 Consumer Staples 733.13 +1.11%

• MSCI Cyclicals-Defensives Spread 1,430.65 +.59%
  

• NYSE Technology 4,301.60 +2.9%

• Transports 15,237.90 +3.8%

• Utilities 899.01 +1.7%

• Bloomberg European Bank/Financial Services 80.13 +1.9%

• MSCI Emerging Markets 51.93 +2.1%

• HFRX Equity Hedge 1,466.22 +.16%

• HFRX Equity Market Neutral 926.51 -.56%

Sentiment/Internals

• NYSE Cumulative A/D Line 480,426 +.63%

• Bloomberg New Highs-Lows Index 310 +234

• Crude Oil Commercial Bullish % Net Position -36.2 unch.

• CFTC Oil Net Speculative Position 398,307 +6.6%

• CFTC Oil Total Open Interest 2,230,794 +2.6%

• Total Put/Call .88 -16.4%

• OEX Put/Call 2.31 -11.4%

• ISE Sentiment 111.0 +5.0 points
  

• NYSE Arms .69 -1.4% 
• Bloomberg Global Risk-On/Risk-Off Index 3,464.0 +114.0 points
• Bloomberg Financial Conditions Index + Bubbles 5.62 +1.6%
  

• Volatility(VIX) 16.0 -14.0%

• S&P 500 Implied Correlation 54.1 -.8%

• G7 Currency Volatility (VXY) 6.22 +4.4%
  

• Emerging Markets Currency Volatility (EM-VXY) 8.8 -1.1%

• Smart Money Flow Index 13,523.35 -1.7%

• ICI Money Mkt Mutual Fund Assets $4.525 Trillion -.13%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -5.830 Million

• AAII % Bulls 37.9 +48.6%

• AAII % Bears 31.8 -13.6%

Futures Spot Prices

• CRB Index 238.13 +1.6%

• Crude Oil 82.2 +2.9%

• Reformulated Gasoline 248.60 +4.0%

• Natural Gas 5.44 -1.8%

• Heating Oil 257.64 +3.6% 
• Newcastle Coal 240.0 (1,000/metric ton) +6.7% *New*

• Gold 1,767.80 +.7%
• Silver 23.32 +3.0%
  

• S&P GSCI Industrial Metals Index 520.63 +6.0%

• Copper 471.50 +10.6%

• US No. 1 Heavy Melt Scrap Steel 480.0 USD/Metric Tonne +3.0%

• China Iron Ore Spot 120.55 USD/Metric Tonne -10.9%

• Lumber 752.90 +4.9%

• UBS-Bloomberg Agriculture 1,283.03 -1.1%
• US Gulf NOLA Potash Spot 680.0 USD/Short Ton +.74%
  

Economy

• Atlanta Fed GDPNow Forecast +1.2% -.1 percentage point
  

• ECRI Weekly Leading Economic Index Growth Rate +3.3% +.2 percentage point
  
• Bloomberg US Recession Probability Next 12 Months 15.0% +5.0 percentage points
  

• NY Fed Real-Time Weekly Economic Index +7.5 -7.0%

• US Economic Policy Uncertainty Index 108.27 -56.5%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 215.89 +.35%

• Citi US Economic Surprise Index -22.10 -5.5 points

• Citi Eurozone Economic Surprise Index -73.7 +3.0 points

• Citi Emerging Markets Economic Surprise Index -4.3 +.2 point

• Fed Fund Futures imply 99.5% chance of no change, .5% chance of rate hike on 11/3

• US Dollar Index 93.98 -.11%

• MSCI Emerging Markets Currency Index 1,723.13 +.23%
  

• Bitcoin/USD 61,396 +10.7%

• Euro/Yen Carry Return Index 136.70 +2.0%
  

• Yield Curve 117.0 -10.0 basis points
  

• 10-Year US Treasury Yield 1.57% -3.0 basis points
  

• Federal Reserve's Balance Sheet $8.443 Trillion +.2%

• U.S. Sovereign Debt Credit Default Swap 13.71 +5.1%

• Illinois Municipal Debt Credit Default Swap 124.92 -4.7%
  

• Italian/German 10Y Yld Spread 104.0 +1.0 basis point
  

• China Sovereign Debt Credit Default Swap 49.47 -3.65%
  

• Brazil Sovereign Debt Credit Default Swap 202.66 -.64%
  

• Israel Sovereign Debt Credit Default Swap 43.77 -1.4%

• South Korea Sovereign Debt Credit Default Swap 20.07 -1.6%

• Russia Sovereign Debt Credit Default Swap 83.46 -3.5%

• China Corp. High-Yield Bond USD ETF(KHYB) 34.73 +.16%

• 10-Year TIPS Spread 2.56% +5.0 basis points

• TED Spread 8.25 +.5 basis point

• 2-Year Swap Spread 14.25 +3.25 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -22.5 -3.75 basis points

• N. America Investment Grade Credit Default Swap Index 51.9 -3.6%
  

• America Energy Sector High-Yield Credit Default Swap Index 282.0 -.67%

• European Financial Sector Credit Default Swap Index 57.39 -2.1%
  

• Emerging Markets Credit Default Swap Index 180.38 -.95%
  

• MBS 5/10 Treasury Spread 66.75 -5.0 basis points
  
• Markit CMBX BBB-6 71.5 -.25 basis point

• M2 Money Supply YoY % Change 13.2 unch.
  

• Commercial Paper Outstanding 1,172.50 -.2%

• Week Moving Average of Jobless Claims 334,250 -3.0%
  

• Continuing Claims Unemployment Rate 1.9% -.1 percentage point
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 36.1 +3.2% *New*

• Average 30-Year Mortgage Rate 3.05% +6.0 basis points

• Weekly Mortgage Applications 686,100 +.2%

• Langer Consumer Comfort 51.2 -2.2 points

• Weekly Retail Sales +14.8% -1.8 percentage points
  
• OpenTable US Seated Diners % Change from 2019 -11.1% -2.1 percentage points *New*

• Nationwide Gas $3.31/gallon +.04/gallon

• Baltic Dry Index 5,062 -8.4%

• China (Export) Containerized Freight Index 3,300.34 +2.5%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.
• Container Ships Anchored 1,018 -.6% *New*
  
• Truckstop.com Market Demand Index 137.69 -16.5%

• Rail Freight Carloads 266,821 -2.6%
• TSA Total Travelers 1-Year Ago Same Weekday 950,024 +23.4% *New*
• US Covid-19:  185 infections/100K people(last 7 days total) -26/100K people
• US Covid-19:  35% of Jan. 7th,2021 peak -5.0 percentage points
  

Best Performing Style

• Mid-Cap Growth +3.8%

Worst Performing Style

• Large-Cap Value +1.4%
  

Leading Sectors

• Alt Energy +7.3%

• Gold & Silver +6.8%
  

• Oil Service +5.1%

• Gambling +5.0%
  

• Road & Rail +4.2%
  

Lagging Sectors

• Banks -.4%
  

• Education -.4%

• Restaurants -.5%

• Airlines -1.4%

• Shipping -2.7%
  

Weekly High-Volume Stock Gainers (30)

• JSPR, AA, MARA, JBHT, CLSK, HZAC, LOKB, COIN, CDMO, MSTR, GNRC, FLS, FCX, WLL, WFRD, PENN, SQSP, SCCO, XPDI, KIRK, IONQ, SXT, PSN, HAL, FOSL, VRA, GBX, LNG and BERY
  

Weekly High-Volume Stock Losers (8)

• PKG, WRK, RXRX, NAPA, SNCY, AMN, TMDX and PDSB
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Surging into Afternoon on Earnings Optimism, Less China Debt Bubble Bursting Angst, Technical Buying, Financial/Transport Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Modestly Higher
  

• Sector Performance: Most Sectors Rising
  

• Volume: Below Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 16.1 -4.6%
• Bloomberg Global Risk On/Risk Off Index 3,494.0 +244.0 points

• Euro/Yen Carry Return Index 136.73 +.56%

• Emerging Markets Currency Volatility(VXY) 8.79 -.11%

• S&P 500 Implied Correlation 54.9 +.2%

• ISE Sentiment Index 110.0  +6.0 points
  

• Total Put/Call .89 +8.5%

• NYSE Arms .69 -20.7%

Credit Investor Angst:

• North American Investment Grade CDS Index 51.90 -.81%
  

• US Energy High-Yield OAS 359.57 -1.4%

• European Financial Sector CDS Index 57.13 -1.2%

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

• Asia Ex-Japan Investment Grade CDS Index 87.08 -6.3%
  

• Emerging Market CDS Index 180.38 -.57%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 34.74 +.17%

• 2-Year Swap Spread 14.25 +.5 basis point
  

• TED Spread 8.25 -.5 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -22.5 -2.0 basis points
  
• MBS  5/10 Treasury Spread  67.25 -1.75 basis points
  
• IHS Markit CMBX BBB- 6 71.5 unch.
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 58.83 +.19%
• 3-Month T-Bill Yield .04% unch.
  

• Yield Curve 117.0 -3.0 basis points
  

• China Iron Ore Spot 120.6 USD/Metric Tonne -.2%

• Citi US Economic Surprise Index -22.1 -2.8 points

• Citi Eurozone Economic Surprise Index -73.7 +.1 point
  

• Citi Emerging Markets Economic Surprise Index -4.3 -1.2 points

• 10-Year TIPS Spread 2.56 +6.0 basis points
• 99.5% chance of no change at Dec. 15th meeting, 94.5% chance of no change at Jan. 26th meeting

US Covid-19:

• 185 new infections/100K people(last 7 days total) -3/100K people
• 35% of Jan. 7th, 2021 peak(highest daily avg. new infections) unch.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating +162 open in Japan 
• China A50 Futures: Indicating -56 open in China

• DAX Futures: Indicating -13 open in Germany

Portfolio:

• Higher: On gains in my tech/commodity/industrial/medical/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:

• Samll-Cap Growth +.5%

Sector Underperformers:

• 1) Paper -.7% 2) Gold & Silver -.4% 3) Biotech -.3%

Stocks Falling on Unusual Volume: 

• PLXP, RDW, WRK, PVAC, NAPA, IP, CWEN, RXRX, SNCY, AMN, CRSR, DCT and SPCE
  

Stocks With Unusual Put Option Activity:

• 1) EWC 2) INDA 3) MRNA 4) TPX 5) AA
  

Stocks With Most Negative News Mentions:

• 1) FUTU 2) SPCE 3) CRSR 4) BMRA 5) TWTR
  

Charts:

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

Bull Radar

 Style Outperformer:

• Small-Cap Value +.9%

Sector Outperformers:

• 1) Steel +2.2% 2) Road & Rail +2.1% 3) Oil Service +1.8%

Stocks Rising on Unusual Volume:

• JSPR, AA, JBHT, MARA, BTBT, CLPT, ANGO, WFC, EYE, WFRD, CLSK, CDMO, AHT, FLS, BLI, KIRK, NARI, LOKB, GNRC, HZAC, SEM, PENN, INSW, GAN, WLL, ATEN, COIN, BTU, FOSL, LYFT, LOVE, IONQ, TEX, SXT, RKT, OSTK, EVOP, PSN, FCX, SQSP, MAR, OII, CNK, UPST, PCG, BTAI, CDXS, FUBO, MA, SCCO, LOVE, SNDR, AGL and XPDI
  

Stocks With Unusual Call Option Activity:

• 1) NXTD 2) CFG 3) EWC 4) INOV 5) ALLY

Stocks With Most Positive News Mentions:

• 1) AA 2) LLNW 3) FNA 4) JBHT 5) MARA
  

Charts:

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

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -7.3% Below 100-Day Average 
• 8 Sectors Rising, 3 Sectors Declining
• 64.2% of Issues Advancing, 31.7% Declining
• 162 New 52-Week Highs, 13 New Lows
• 58.0% of Issues Above 200-day Moving Average
• Average 14-Day RSI 47.7%
  
• Bloomberg Global Risk-On/Risk-Off Index 3,442.0 +193.0 points
• Russell 1000: Growth/Value 17,453 -.24%
  
• Vix 15.99 -5.2%
• Total Put/Call .92 +12.2%
• TRIN/Arms .66 -24.1%