Today's Headlines

Bloomberg:

• Russia’s Rosneft Calls Seizure of Its German Unit Illegal.
• Ukraine Latest: Biden Warns Russia; Atomic Plant Reconnected.  
• ECB’s Lane Sees ‘Several’ More Interest Rate Increases Ahead.
• A European Stock Trader’s Guide to an Era of Scorching Inflation.  
• Italy Mulls Ways to Offset any Drop in French Power Exports.  
• ECB Taps Amazon, Four Others to Pitch Digital Euro Prototype.   
• Puerto Rico Declares State of Emergency as Fiona Gathers Speed.
  
• Wall Street Rush Into Single-Stock ETFs Takes Risky Foreign Turn.
• Goldman Cuts US Growth Forecast for 2023 After Rate Path Change.
• Unrelenting Inflation, Tepid Sales Raise Curtain on Fed Meeting.
• Crypto Speculation Falls Out of Favor With Game Studios.  
• Bluebird’s Gene Therapy for Brain Disease Receives Accelerated Approval.  
• The Affordable Electric Vehicle Is Still Mostly Fantasy.  
• Markets Roiled by Inflation Leave Investors With Nowhere to Hide.
• Social Media Buzz: DeSantis v. Newsom, the Queen, Figma, Cardi B.    
• Your Saturday Briefing: From the Fed to FedEx.
• Charting the Global Economy: Inflation Winds Keep Blowing Strong. 
• Fed Leads 500-Basis Point Global Assault on Inflation: Eco Week.

Wall Street Journal:

• IRS Faces Tight Job Market as It Recruits Thousands.
• Climbing Interest Rates Fuel Fight for Stablecoin Market.
• Chinese Companies Alter Products, Strategies to Offset Rising Costs.
• The Man From Rivian Who Wants to Change How We Buy Cars.
• Democrats and Defunding Police. A U.S. Senate candidate tries to distance himself from the radical groups endorsing him.
• Russia’s Use of Iranian Drones Creates New Dangers.
• Marijuana Retail Licenses in New York Going First to Those Convicted of Drug Crimes.
• Biden Administration Quietly Steps Up Effort to Close Guantanamo.
• Abbott Heart Valve Device Faces Competition.
• What Happens When M.B.A. Students Don’t Tell Recruiters Their Grades?

Barron's:

• Had bullish commentary on (TTD), (MSFT), (ROKU), (WBD), (NEM), (HIW) and (UHAL).
• Had bearish commentary on (NFLX), (VNO) and (OPI).

Fox News:

• More migrants arrive at Jill Biden tries to bounce back from remarks that offended some Latinos.
• Kamala Harris' home after VP pitches citizenship as border 'solution'.
• NBC News deletes tweet comparing Martha's Vineyard migrants to ‘trash’.

CNBC:

• Meta shares plunged 14% this week, falling close to their pandemic low.
• This is why I’m quitting dating apps like Tinder and Hinge forever.
• China raises holdings of Treasurys for first time in 8 months.
• The 10 cities with the highest inflation rates in the U.S.

Zero Hedge:

• TikTok Won't Promise To Stop Transferring US Data To China: COO.
• The Growing Global Hunger For Meat. 
• Fauci "Misled Congress" About Gain-Of-Function Research, But 'Protected By Biden Admin'; Former CDC Chief Says.
• Sperry: Unpacking Apparent Trump-Hillary Double Standard.
• China Enjoys Energy Bonanza As NATO Sanctions Against Russia Fail.
• Martha's Vineyard Proves Leftist Hypocrisy On Illegal Immigration.
• Court Rules Against Social Media Companies In Free Speech Censorship Fight.
• Inflation Causing Hardship For Majority Of US Households.
• FBI Whistleblower Says Bureau Labeled Veteran-Led Group 'Domestic Terrorist' Organization: Rep. Jordan.
• DeSantis Crushes Gubernatorial Fundraising Record.
• "Ethically Unjustifiable": Study Finds COVID Boosters Cause Net Harm In Young Adults.
• Massive New $10BN US Aid Package To Make Jordan 3rd Largest Recipient.
• Central Planners Of The World, Unite!
• Angry Customers Demand Explanation As German Energy Bills Soar.
• Breaking Down UK's 'Cost Of Living' Crisis.
• German Takeover Talks Expand As Energy Crisis Contagion Spreads Across More Distressed NatGas Utilities.
• What Does The Right's Historic Victory In Sweden Mean For Europe?
• Facebook Spied On Private Messages Of "Conservative Right-Wing Individuals", Then Reported To FBI For Domestic Terrorism.
• Is The End Of COVID-19 In Sight?
• 'Toxic' Values Undermining US Ability To Tackle Beijing: Senator.
• 'Sharing' Economy Continues To Spread: Americans With STDs Jump 26% To Seven-Decade Highs.
• Nearly 50 Members Of Congress Call On Pentagon To End Military Vaccine Mandate.
• Pressure On China To Devalue Yuan Becoming More Acute.
• US Army's Recruiting Crisis Worsens As Test Scores Drop, Disqualifications Rates Surge.
• Violence In California Reaches "Epidemic" Levels As Our Society Rapidly Deteriorates All Around Us.

MarketWatch.com:          

• In rare sit-down, Nobel Prize–winning economist Peter Diamond sees ‘significant power shift from employers to workers’ underway.
  
• FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies.

NewsMax:

• Appeals Court Rejects Big Tech's Censorship, Teeing Up Supreme Court.

TheGatewayPundit.com:

• SHOCK REPORT: Hundreds of Convicted Murderers and Child Rapists Given Early Parole by Wisconsin Democrat Governor Evers.
• Bi-Partisan Focus Group Agrees-Biden’s America Is a Disaster.
• 39-Year-Old Police Officer in Minnesota Dies Suddenly at Home.
• Rock Star! Next Italian PM Georgia Meloni: “The Leftists who Call us Fascists Used to be Bolshevists”.
• CNBC’s Joe Kernen Grills Pete Buttigieg On Biden’s ‘Tone-Deaf’ Inflation Celebration Despite ‘Horrific Inflation Report’ (VIDEO).
• Disney’s Latest Woke Remake Under Water as Public Weighs In, Over a Million Dislikes and Counting.
• Harvard Attorney and TikTok Influencer Says He was Offered $400 to Make Anti-Trump Propaganda Related to Jan 6 – Shows Receipts (VIDEO).
• WATCH LIVE NOW: Jack Posobiec’s ‘The Great Global Reset’ Episode 1 at Turning Point USA’s ‘Defeating the Great Reset’ Event in Arizona. 
• Lawmakers: During COVID Distance Learning ‘Disaster’, Leftists Blew Emergency Money on School Wokeness.
• Former Georgia Judge, Richard Jordan, Who Attempted to Submit a Complaint in June Election Is Under Investigation for Questioning the Legality of the Use of Dominion Machines in the State.
• China Now Owns Large Section of Land Near Pearl Harbor – Another Effort to Disrupt US Response to China Offensive?

The Epoch Times:

• Lithium Prices Surge to Record High, Threatening to Push Up Expensive EV Costs Even Higher.
• TikTok Executive Declined to Commit to Cut Off Americans’ Data to China.
• Health Viewpoints: Why Does the Omicron Booster Contain the Wuhan Strain? No, It's Not for Higher Protection.

Twitter:

• @IAPolls2022 - REUTERS:  household wealth fell by a RECORD $6.1 trillion in Q2 2022. In 2022: Nasdaq declined by 26.16%. S&P 500 declined by 18.15%. Bitcoin declined by 57.34%. 30 Year Fixed Mortgage Rate: Jan 2021: 2.65%. Sep 2022: 6.28%. Inflation Jan 2021: 1.4%. Sep 2022: 8.3%.
• @IGSquawk - Weekend markets update: #DAX 12790 -0.04% #DOW 30914 +0.04% #FTSE 7267 +0.07% #HANGSENG 18684 +0.03% #GBPUSD 11419 -0.02% #EURUSD 10016 +0.03% #USDJPY 14288 -0.04%

GETTR:

• @ConceptualJames - By year-end 50% of EU aluminum smelting capacity will be offline due to high energy prices. Looks like the "Science" behind ESG is working great!

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 863,663 Reports(+2,426 from prior week) Through September 2nd, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

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:

• Putin Threatens New Military Strikes on Ukraine Infrastructure.
• Germany Tightens Control Over Industry With Russian Oil Grab.
• Blinken Accuses Russia of War Crimes as Ukraine Cites Mass Grave.
• Japan’s Contradictory Stance Leaves Yen at Risk of Further Slide.
• Stocks Exact Harsh Toll on Would-Be Market Timers.
• UK Food Producers Face C02 Crunch After Plant Closure.
  
• Meta, Nvidia Pummeled in Nasdaq 100’s Worst Week in 8 Months.
  
• FedEx Has Biggest Drop in Over 40 Years After Pulling Forecast.  
• History Shows No Example of Hiking US Rates Too Fast, Summers Says.  
• California Sees Warning Sign From Weak Tax Revenue Collections.  
• Jobless Rates Tick Up on East Coast, Led by New York City.  
• Wealthy Homebuyers Flash Cash as Mortgage Rates Climb.  
• If You Work in Film and TV, Get Ready for Layoffs.  
• Commodities Volatility Will Make Earnings Hard to Read, Moody’s Says.

Wall Street Journal:

• New Orleans Has America’s No. 1 Murder Rate. ‘We’re in a Crisis.’
• FedEx Warning Triggers Fears Over Global Economy.
• Uber Hack Shows Security Is Tech’s Achilles’ Heel.
• More Borrowers Choose Adjustable-Rate Mortgages.
• Peter Thiel, Losing Arizona. He and Donald Trump helped Blake Masters get the nomination. Where are they now?
• The Ivy League Dropout Who Just Sold His Firm for $20 Billion.
• Adderall Shortages Push ADHD Patients to Make Adjustments.
• More Workers Head to the Picket Lines.

Fox News: 

• DeSantis responds after Dem demands probe into states ‘kidnapping’ migrants, sending them north.
• How many wealthy homeowners offered to shelter illegal immigrants? None.

CNBC:

• FedEx CEO says he expects the economy to enter a ‘worldwide recession’.
• Stocks close lower on Friday, extending sell off for worst week since June for S&P 500 and Nasdaq.
• Biden White House just put out a framework on regulating crypto — here’s what’s in it.
• Home Depot’s customers have been resilient despite economic headwinds, CEO says.
• NYC Mayor Eric Adams asks tech executives at private dinner to keep companies in the city.

Zero Hedge:

• Deloitte Sees Slowdown In Holiday Sales Growth As Inflation Grinch Hurts Households.
• New York City Ride-Hailing Still Feeling Pandemic Crunch.
• Facebook Spied On Private Messages Of "Conservative Right-Wing Individuals", Then Reported To FBI For Domestic Terrorism.
• Mike Pompeo Tells Chicago Crowd He's Prepping For 2024 Run.
• Fauci Says He's Handed Over Documents For Big Tech Censorship Lawsuit.
• China Taps 'Strategic Pork Reserves' In Largest Monthly Release Yet.
• US Announces Fund To Benefit Afghan Economy - Using Stolen Afghan Bank Reserves.
• Tesla Is Now Requiring Powerwall Purchases For Every Solar Roof Install.
• Massachusetts Gov. Activates National Guard, Sends Martha's Vineyard Illegal Immigrants To Military Base.
• Patagonia Founder's 'Donation': Benevolent Planet-Saver Or Giant Tax-Dodge.
• China Warns Taiwan Senate Bill Will 'Shake Foundation' Of Relations.
• A 'Triple-Dip La Nina' Could Spell Even More Disaster For World Economy.
• The End Of Cheap Food.
• FedEx warning weighs on sentiment while yields dip as inflation expectations fall - Newsquawk US Market Wrap.
• FedEx Nukes "Economy's Doing Fine" Narrative, Global Stocks/Bonds Lose $4 Trillion In Week.

MarketWatch.com:         

• Facebook stock falls to yet another ignominious level.
• The S&P 500 sank 5% in a very bad week for stocks. These 20 lost up to 24%.
  
• Meet the 30-year-old on the verge of selling his software company to Adobe for $20 billion. ‘It’s very cool,’ he tells MarketWatch.  
• Roblox stock drops as Wall Street sees a ‘Pandora’s box of problems’.  
• Stock-market bears seen keeping upper hand as S&P 500 drops below 3,900.  
• Opinion: The stock market’s trend is relentlessly bearish, especially after this week’s big daily declines.  
• Why FedEx’s stock plunge is so bad for the whole equities market.  
• ‘Home-price declines will likely continue’ as mortgage rates exceed 6%: Freddie Mac.

NewsMax:

• Rep. McCarthy: Dems Have 'Made Every City in America a Border City'.
• FBI Agents: Admin Pushing Agency to Exaggerate White Supremacy, Domestic Terrorism.  
• Rep. Babin: Vineyard Exposed Dems' Migrant Hypocrisy.

TheGatewayPundit.com:

• “I Think his Hair Gel is Interfering with His Brain Function” – Gov. DeSantis Responds to Newsom’s Letter to DOJ to Investigate Shipping of Migrants.
• “I Can See Why They’re Trying To Silence You” – Tucker Carlson On Trump-Endorsed Kari Lake After She Gave THE BEST Response To Propagandist’s 2020 Election Question.
• THAT WAS QUICK: Buses Arrive at Martha’s Vineyard and DEPORT Illegals Off the Island (VIDEO).
• Karine Jean-Pierre Says Republicans Busing Illegals to Other States is Different Than Biden Doing the Same Thing (VIDEO).
• Heartbreaking Testimony of Fired Pediatric Nurse “I Am the Face of Your Misinformation Campaign”.
• Kanye Ends Contract With GAP Over Use Of Chinese Labor – “We Can Actually Bring Industry Back To America”.
• LIVE-STREAM-VIDEO: TPUSA To Host “Defeating The Great Reset” Event In Phoenix, AZ – Set To Expose The Evil Globalist Agenda And Educate Citizens On The Horrors Of The Great Reset On September 16 & 17.
• FLASHBACK: Video Shows Bill Gates Lied to Trump About Dangers of Vaccines and Trashed Robert Kennedy Jr.

  The Epoch Times:

• Fauci ‘Clearly Misled Congress’ Over COVID-19 Origins: Former CDC Director China Sanctions CEOs of US Arms Firms Over Sales to Taiwan.
• US Ambassador to China Stands in Line on the Streets of Shanghai for COVID-19 Test.
• US Loses Key Foothold in the Pacific as China Gains Control of Solomon Islands.

Twitter:

• @warriors_mom - Biden Quietly Loosens Tech Export Rules to Chinese Communist Firms Just Days After Huawei Lobbyist's Brother Joins White House.
• @IAPolls2022 - REUTERS:  household wealth fell by a RECORD $6.1 trillion in Q2 2022. In 2022: Nasdaq declined by 26.16%. S&P 500 declined by 18.15%. Bitcoin declined by 57.34%. 30 Year Fixed Mortgage Rate: Jan 2021: 2.65%. Sep 2022: 6.28%. Inflation Jan 2021: 1.4%. Sep 2022: 8.3%.

GETTR:

• @ConceptualJames - By year-end 50% of EU aluminum smelting capacity will be offline due to high energy prices. Looks like the "Science" behind ESG is working great!

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 863,663 Reports(+2,426 from prior week) Through September 2nd, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

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).

Weekly Scoreboard*

S&P 500 3,847.51 -5.4%

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 30,730.88 -4.6%

• NASDAQ 11,399.78 -6.11%

• Russell 2000 1,181.92 -5.34%

• S&P 500 High Beta 63.56 -6.0%

• Goldman 50 Most Shorted 192.56 -6.5%

• Wilshire 5000 38,861.12 -5.33%

• Russell 1000 Growth 2,266.17 -6.1%

• Russell 1000 Value 1,443.38 -4.8%

• S&P 500 Consumer Staples 739.49 -3.77%

• MSCI Cyclicals-Defensives Spread 1,100.01 -2.32%
  

• NYSE Technology 2,711.10 -7.1%

• Transports 12,737.93 -9.6%

• Utilities 1,016.48 -3.32%

• Bloomberg European Bank/Financial Services 71.57 +1.6%

• MSCI Emerging Markets 37.82 -3.2%

• HFRX Equity Hedge 1,455.08 -.30%

• HFRX Equity Market Neutral 909.29 -.17%

Sentiment/Internals

• NYSE Cumulative A/D Line 454,260 -.05%

• Bloomberg New Highs-Lows Index -730 -245
  

• Crude Oil Commercial Bullish % Net Position -28.6 +5.7%

• CFTC Oil Net Speculative Position 214,478 -6.4%

• CFTC Oil Total Open Interest 1,480,320 +.69%

• Total Put/Call 1.21 +30.1%

• OEX Put/Call 1.55 -17.1%

• ISE Sentiment 80.0 -24.0 points
  

• NYSE Arms 1.14 +175.0% 
• Bloomberg Global Risk-On/Risk-Off Index 42.0 -10.6%
• Bloomberg Financial Conditions Index + Bubbles 2.17 -51.0 basis points
  

• Volatility(VIX) 27.6 +21.8%
• DJIA Intraday % Swing 1.02% -7.6%

• CBOE S&P 500 Implied Correlation Index 50.2 +14.0%

• G7 Currency Volatility (VXY) 11.36 +.72%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.55 +2.2%

• Smart Money Flow Index 14,849.46 -3.6%
• NAAIM Exposure Index  33.86 +6.53 points
  

• ICI Money Mkt Mutual Fund Assets $4.552 Trillion -.27%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$11.630 Million

• AAII % Bulls 26.1 +44.2%

• AAII % Bears 46.0 -13.7%

Futures Spot Prices

• CRB Index 281.0 -1.1%

• Crude Oil 85.09 -.8%

• Reformulated Gasoline 241.3 -.05%

• Natural Gas 7.87 -2.2%
• Dutch TTF Nat Gas(European benchmark) 187.8 euros/megawatt-hour -9.3%
  

• Heating Oil 316.13 -11.1% 
• Newcastle Coal 435.0 (1,000/metric ton) +.21%
  

• Gold 1,675.29 -2.5%
• Silver 19.38 +2.6%
  

• S&P GSCI Industrial Metals Index 419.36 -.32%

• Copper 351.60 -1.43%

• US No. 1 Heavy Melt Scrap Steel 355.0 USD/Metric Tonne -2.47%

• China Iron Ore Spot 99.10 USD/Metric Tonne -3.13%

• Lumber  475.0 -6.9%

• UBS-Bloomberg Agriculture 1,518.22 -.82%
• US Gulf NOLA Potash Spot 625.0 USD/Short Ton -3.1%
  

Economy

• Atlanta Fed GDPNow Forecast +.5% -90.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate -10.5% +.7 percentage point
  
• Bloomberg US Recession Probability Next 12 Months 50.0% unch.
  

• NY Fed Real-Time Weekly Economic Index 2.62 -12.4%

• US Economic Policy Uncertainty Index 68.9 -28.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 237.62 +.17:  Growth Rate +15.9% +.1 percentage point, P/E 16.2 -.9 point

• Citi US Economic Surprise Index 2.30 +16.2 points

• Citi Eurozone Economic Surprise Index -10.8 +6.2 points

• Citi Emerging Markets Economic Surprise Index -1.80 -2.9 points

• Fed Fund Futures imply 0.0%(-9.0 percentage points) chance of +50.0 basis point rate hike, 86.0%(-5.0 percentage points) chance of +75.0 basis point hike and 14.0%(+14.0 percentage points) chance of +100.0 basis point hike on 9/21 to 3.25-3.5%
  

• US Dollar Index 109.80 +.75%

• MSCI Emerging Markets Currency Index 1,620.39 -.71%
  

• Bitcoin/USD 19,536.70 -9.7%

• Euro/Yen Carry Return Index 147.22 -.05%
  

• Yield Curve(2s/10s) -43.5 -19.0 basis points
  

• 10-Year US Treasury Yield 3.45% +15.0 basis points
  

• Federal Reserve's Balance Sheet $8.798 Trillion +.12%

• U.S. Sovereign Debt Credit Default Swap 21.67 +2.8%

• Illinois Municipal Debt Credit Default Swap 200.49 -.04%
  

• Italian/German 10Y Yld Spread 228.0 -4.0 basis points
  

• China Sovereign Debt Credit Default Swap 74.42 +11.3%
  

• Brazil Sovereign Debt Credit Default Swap 247.38 +4.84%
  

• Israel Sovereign Debt Credit Default Swap 39.48 -.03%

• South Korea Sovereign Debt Credit Default Swap 31.9 +7.4%

• China Corp. High-Yield Bond USD ETF(KHYB) 26.71 +.36%

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.3% unch.
• Zillow US All Homes Rent Index YoY +12.5% -70.0 basis points
• US Urban Consumers Food CPI YoY +11.4% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.68% +6.0 basis points: CPI YoY +8.21% -3.0 basis points
  
• 10-Year TIPS Spread 2.39% -2.0 basis points

• TED Spread 41.25 +19.0 basis points

• 2-Year Swap Spread 38.25 +4.25 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -18.75 -.5 basis point

• N. America Investment Grade Credit Default Swap Index 90.29 +11.2%
  

• America Energy Sector High-Yield Credit Default Swap Index 346.0 -2.0% 
• Bloomberg TRACE # Distressed Bonds Traded 347.0 -19.0
  

• European Financial Sector Credit Default Swap Index 120.77 +3.2%
  

• Emerging Markets Credit Default Swap Index 316.22 +10.0%
  

• MBS 5/10 Treasury Spread 157.0 +14.0 basis points
  
• iShares CMBS ETF 46.90 -.89%
• Avg. Auto ABS OAS .67 -4.0 basis points

• M2 Money Supply YoY % Change 5.3 unch.
  

• Commercial Paper Outstanding 1,207.60 +.80%

• 4-Week Moving Average of Jobless Claims 224,000 -3.5%
  

• Continuing Claims Unemployment Rate 1.0% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 43.43 -.8% 

• Average 30-Year Fixed Home Mortgage Rate 6.28% +17.0 basis points
  

• Weekly Mortgage Applications 255,000 -1.20%

• Weekly Retail Sales +11.1% +.2 percentage point
  
• OpenTable US Seated Diners % Change from 2019 +1.4% +14.0 percentage points
• Box Office Weekly Gross $77.6M +8.2%
  

• Nationwide Gas $3.69/gallon -.05/gallon

• Baltic Dry Index 1,612 +32.9%

• China (Export) Containerized Freight Index 2,609.09 -4.2%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 47.5+11.8%
• Truckstop.com Market Demand Index 54.90 -3.2%

• Rail Freight Carloads 240,877 -11.33%
• TSA Total Traveler Throughput 2,337,449 +28.3%
• US Covid-19:  126 infections/100K people(last 7 days total). 7.2%(-.8 percentage point) of peak on 1/14/22(1,740) -14/100K people from prior report
  
• US Covid-19:  New patient hospital admissions per 100K -79.7%(-1.2 percentage points) from peak 7-day avg. of 1/9/22-1/15/22
  

Best Performing Style

• Large-Cap Value -4.9%

Worst Performing Style

•  Large-Cap Growth -6.3%
  

Leading Sectors

• Restaurants -1.5%

• Shipping -2.3%
  

• Alt Energy -2.5%

• Pharma -2.5%

• Healthcare Providers -2.8%
  

Lagging Sectors

• Computer Hardware -7.4%
  

• Software -8.5%
  

• Road & Rail -8.8%

• Disk Drives -9.0%
  

• Steel -10.5%
  

Weekly High-Volume Stock Gainers (3)

• APPN, HLIT and BOWL
  

Weekly High-Volume Stock Losers (46)

• AA, IFF, SPB, LYB, CSX, CHRW, AMZN, PLD, KKR, SITM, GNRC, EXPD, CXM, TECH, AOS, SAIA, BLKB, LAND, UNP, BYND, HUN, TKR, GEF, NARI, HUBG, TGI, UPS, ADBE, GE, LUV, ARNC, OKTA, AVNT, NFE, SIVB, DE, AVT, XPO, CC, ALT, GXO, WRK, IP, PKG, ALHC and NCR
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change