Saturday, November 19, 2022

Today's Headlines

Bloomberg:

Wall Street Journal:  
Barron's:
  • Had bullish commentary on (ULTA), (GM), (CCI), (AMT), (SBAC), (TJX), (ROST), (BURL), (WMT), (DG), (DLTR) and (CPRI).
  • Had bearish commentary on (M), (VFC) and (GPS).

Fox News:

 MROnline:

CNBC:
Zero Hedge: 

MarketWatch.com:        

TheGatewayPundit.com:
The Blaze:
  • Collapsed cryptocurrency exchange FTX had ties to Ukrainian government, WEF, and top Biden adviser. Curiously, the Ukrainian government launched a cryptocurrency donation website in March that was backed by FTX. CoinDesk reported in March, "'Aid for Ukraine,' which has the backing of crypto exchange FTX, staking platform Everstake, and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved."
Axios:
  • Bankman-Fried spent millions on Dem campaigns. It's unclear where Bankman-Fried's money came from. Forensic accountants and bankruptcy courts are on the case, but it could take months to untangle FTX's web of comingled funds. Bankman-Fried spent around $37 million during the last election cycle, almost all of which went to boosting Democratic candidates and causes. That made him the party's second-largest donor, according to OpenSecrets, and the sixth largest overall.
NY Post: 
  • FTX founder Sam Bankman-Fried to appear alongside Ukraine’s Volodymyr Zelensky at exclusive NYT event. Disgraced FTX founder Sam Bankman-Fried is scheduled to speak at an exclusive conference hosted by the New York Times alongside Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen. The DealBook Summit, sponsored by Accenture, will be held at Jazz at Lincoln Center in Manhattan on Nov. 30 and features speeches from supposed luminaries such as Mark Zuckerberg, Mayor Eric Adams, former Israeli Prime Minister Benjamin Netanyahu, and former Vice President Mike Pence.
The Epoch Times:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):

Friday, November 18, 2022

Evening Headlines

Bloomberg:      

Wall Street Journal:

Fox News:

CNBC:
Zero Hedge: 

MarketWatch.com:       

NewsMax:   
TheGatewayPundit.com:
The Blaze:
  • Collapsed cryptocurrency exchange FTX had ties to Ukrainian government, WEF, and top Biden adviser. Curiously, the Ukrainian government launched a cryptocurrency donation website in March that was backed by FTX. CoinDesk reported in March, "'Aid for Ukraine,' which has the backing of crypto exchange FTX, staking platform Everstake, and Ukraine’s Kuna exchange, will route donated crypto to the National Bank of Ukraine, Everstake’s Head of Growth Vlad Likhuta told CoinDesk. Ukraine’s crypto-savvy Ministry of Digital Transformation is also involved."
Axios:
  • Bankman-Fried spent millions on Dem campaigns. It's unclear where Bankman-Fried's money came from. Forensic accountants and bankruptcy courts are on the case, but it could take months to untangle FTX's web of comingled funds. Bankman-Fried spent around $37 million during the last election cycle, almost all of which went to boosting Democratic candidates and causes. That made him the party's second-largest donor, according to OpenSecrets, and the sixth largest overall.
NY Post: 
  • FTX founder Sam Bankman-Fried to appear alongside Ukraine’s Volodymyr Zelensky at exclusive NYT event. Disgraced FTX founder Sam Bankman-Fried is scheduled to speak at an exclusive conference hosted by the New York Times alongside Ukrainian President Volodymyr Zelensky and US Treasury Secretary Janet Yellen. The DealBook Summit, sponsored by Accenture, will be held at Jazz at Lincoln Center in Manhattan on Nov. 30 and features speeches from supposed luminaries such as Mark Zuckerberg, Mayor Eric Adams, former Israeli Prime Minister Benjamin Netanyahu, and former Vice President Mike Pence.
The Epoch Times:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):

Weekly Scoreboard*

 

S&P 500 3,957.87 -1.1%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • DJIA 33,684.21 -.36%
  • NASDAQ 11,122.62 -2.0%
  • Russell 2000 1,844.03 -2.1%
  • S&P 500 High Beta 65.54 -3.6%
  • Goldman 50 Most Shorted 160.22 -7.9%
  • Wilshire 5000 39,789.57 -.37%
  • Russell 1000 Growth 2,258.28 -1.7%
  • Russell 1000 Value 1,515.51 -1.1%
  • S&P 500 Consumer Staples 777.17 +1.2%
  • MSCI Cyclicals-Defensives Spread 1,041.36 -1.4%
  • NYSE Technology 2,705.01 -1.4%
  • Transports 14,251.7 -2.2%
  • Utilities 938.64 +.8%
  • Bloomberg European Bank/Financial Services 74.12 +1.94%
  • MSCI Emerging Markets 37.92 -.21%
  • HFRX Equity Hedge 1,433.91 +.08%
  • HFRX Equity Market Neutral 910.14 +.64%
Sentiment/Internals
  • NYSE Cumulative A/D Line 415,017 -.11%
  • Bloomberg New Highs-Lows Index -234 -179
  • Crude Oil Commercial Bullish % Net Position -32.4 unch.
  • CFTC Oil Net Speculative Position 274,790 +7.8%
  • CFTC Oil Total Open Interest 1,446,658 -.85%
  • Total Put/Call .84 +14.9%
  • OEX Put/Call 1.09 -4.1%
  • ISE Sentiment 116.0 +8.0 points
  • NYSE Arms 1.32 +43.0
  • Bloomberg Global Risk-On/Risk-Off Index 47.9 -2.8%
  • Bloomberg Financial Conditions Index + Bubbles 1.87 +14.0 basis points
  • Volatility(VIX) 23.4 +3.8%
  • DJIA Intraday % Swing .85% -22.7%
  • CBOE S&P 500 Implied Correlation Index 46.8 +1.9%
  • G7 Currency Volatility (VXY) 11.0 -1.2%
  • Emerging Markets Currency Volatility (EM-VXY) 12.1 -1.9%
  • Smart Money Flow Index 13,685.75 -2.1%
  • NAAIM Exposure Index  65.0 +11.7 points
  • ICI Money Mkt Mutual Fund Assets $4.625 Trillion +.07%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$7.820 Million
  • AAII % Bulls 33.5 +33.5%
  • AAII % Bears 40.2 -14.5%
Futures Spot Prices
  • CRB Index 277.6 -1.6%
  • Crude Oil 80.0 -10.7%
  • Reformulated Gasoline 242.2 -8.3%
  • Natural Gas 6.40 +6.3%
  • Dutch TTF Nat Gas(European benchmark) 115.5 euros/megawatt-hour +17.3%
  • Heating Oil 351.84 -2.2% 
  • Newcastle Coal 340.0 (1,000/metric ton) +13.3%
  • Gold 1,748.50 -1.3%
  • Silver 20.87 -3.8%
  • S&P GSCI Industrial Metals Index 435.7 unch.
  • Copper 363.30 -7.7%
  • US No. 1 Heavy Melt Scrap Steel 339.0 USD/Metric Tonne -.4%
  • China Iron Ore Spot 97.3 USD/Metric Tonne +3.4%
  • Lumber  430.0 -.44%
  • UBS-Bloomberg Agriculture 1,517.40 -.93%
  • US Gulf NOLA Potash Spot 522.5 USD/Short Ton -1.9%
Economy
  • Atlanta Fed GDPNow Forecast +4.18% +18.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate -14.2% +.7 percentage point
  • Bloomberg US Recession Probability Next 12 Months 62.5% +2.5 percentage points
  • NY Fed Real-Time Weekly Economic Index 1.7 -18.5%
  • US Economic Policy Uncertainty Index 108.2 -45.1%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 229.97 -.93:  Growth Rate +11.3% -.3 percentage point, P/E 17.2 unch.
  • Citi US Economic Surprise Index 11.3 +2.4 points
  • Citi Eurozone Economic Surprise Index 15.5 +6.6 points
  • Citi Emerging Markets Economic Surprise Index .7 -3.3 points
  • Fed Fund Futures imply 0.0%(unch.) chance of a +25.0 basis point rate hike, 75.8%(-9.6 percentage points) chance of +50.0 basis point hike and 24.2%(+9.6 percentage points) chance of +75.0 basis point hike on 12/14 to 4.50-4.75%
  • US Dollar Index 106.94 +.49%
  • MSCI Emerging Markets Currency Index 1,618.29 -.56%
  • Bitcoin/USD 16,597.5 +1.2%
  • Euro/Yen Carry Return Index 149.90 +1.1%
  • Yield Curve(2s/10s) -69.0 -16.5 basis points
  • 10-Year US Treasury Yield 3.81% unch.
  • Federal Reserve's Balance Sheet $8.590 Trillion -.62%
  • U.S. Sovereign Debt Credit Default Swap 29.1 +2.8%
  • Illinois Municipal Debt Credit Default Swap 179.59 -.45%
  • Italian/German 10Y Yld Spread 189.0 -16.0 basis points
  • UK Sovereign Debt Credit Default Swap 25.11 -4.8%
  • China Sovereign Debt Credit Default Swap 79.78 -.1%
  • Brazil Sovereign Debt Credit Default Swap 270.21 +1.3%
  • Israel Sovereign Debt Credit Default Swap 38.2 -1.99%
  • South Korea Sovereign Debt Credit Default Swap 53.18 -4.6%
  • China Corp. High-Yield Bond USD ETF(KHYB) 25.7 +3.2%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +6.7% unch.
  • Zillow US All Homes Rent Index YoY +9.8% -120.0 basis points
  • US Urban Consumers Food CPI YoY +10.9% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +5.02% unch.: CPI YoY +7.60% -2.0 basis points
  • 10-Year TIPS Spread 2.25% -16.0 basis points
  • TED Spread 44.0 -5.25 basis points
  • 2-Year Swap Spread 32.5 -4.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -52.0 -1.25 basis points
  • N. America Investment Grade Credit Default Swap Index 82.35 -1.3%
  • America Energy Sector High-Yield Credit Default Swap Index 282.0 -3.1
  • Bloomberg TRACE # Distressed Bonds Traded 421.0 -56.0
  • European Financial Sector Credit Default Swap Index 104.11 -3.0%
  • Credit Suisse Subordinated 5Y Credit Default Swap 348.21 +9.3%
  • Emerging Markets Credit Default Swap Index 254.45 +4.8%
  • MBS 5/10 Treasury Spread 143.0 +2.0 basis points
  • Aggregate US CMBS Average OAS 1.30 -2.0 basis points
  • Avg. Auto ABS OAS 1.19 -3.0 basis points
  • M2 Money Supply YoY % Change 2.6 unch.
  • Commercial Paper Outstanding 1,303.6 +.6%
  • 4-Week Moving Average of Jobless Claims 221,000 +.9%
  • Continuing Claims Unemployment Rate 1.0% unch.
  • Kastle Back-to-Work Barometer(entries in secured buildings) 47.50 +.36%
  • Average 30-Year Fixed Home Mortgage Rate 6.87% -4.0 basis points
  • Weekly Mortgage Applications 205,200 +2.7%
  • Weekly Retail Sales +7.2% -40.0 basis points
  • OpenTable US Seated Diners % Change from 2019 -.7% -7.3 percentage points
  • Box Office Weekly Gross $75.1M -17.3%
  • Nationwide Gas $3.71/gallon -.08/gallon
  • Baltic Dry Index 1,228 -9.4%
  • China (Export) Containerized Freight Index 1,729.92 unch.
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 67.50 +8.0%
  • Truckstop.com Market Demand Index 35.17 -8.1%
  • Rail Freight Carloads 254,876 -1.5%
  • TSA Total Traveler Throughput 2,316,875 +23.8%
  • US Covid-19:  84 infections/100K people(last 7 days total). 4.8%(+.0 percentage point) of peak on 1/14/22(1,740) +0/100K people from prior report
  • US Covid-19:  New patient hospital admissions per 100K -84.6%(-.9 percentage point) from peak 7-day avg. of 1/9/22-1/15/22
Best Performing Style
  • Large-Cap Value -1.1%
Worst Performing Style
  •  Mid-Cap Growth -2.7%
Leading Sectors
  • Pharma +2.3%
  • Computer Services +2.0%
  • Foods +1.1%
  • Education +1.1%
  • Utilities +.8%
Lagging Sectors
  • Banks -4.0%
  • Gold & Silver -4.2%
  • Internet -4.3%
  • Homebuilding -4.8%
  • Alt Energy -5.2%
Weekly High-Volume Stock Gainers (13)
  • CLFD, AMBA, ROST, HLIT, FL, BZH, GES, GPS, BURL, MRTX, CRI, DECK and DNUT
Weekly High-Volume Stock Losers (16)
  • ROG, W, MASS, LSXMK, MSTR, LSXMA, GLOB, MAX, AFRM, COIN, NEWR, SI, LYV, SAVA, BRBR and RAPT
ETFs
Stocks
*5-Day Change