Evening Headlines

Bloomberg:

• Israel Latest: Hezbollah Warns on Escalation, US Deploys Drones.
• Israel’s Fight With Iran Proxies in Syria Poisons Russia Ties.
• Egypt Cut Deeper Into Junk With Fitch’s Second Downgrade of 2023.
• Hedge Funds Cut Bullish Bets on US Oil by Most in Over Two Years.
• Summers Warns Against Investor Rush to Declare Fed’s Job Is Done.
• Billionaire-Backed Tech Group Says It’s Bought All the Land It Needs for Utopian City.
• Why 6% Commissions on US Home Sales Are on Trial.
• SBF Tops a Long List of Crypto Hot Shots Facing Legal Reckoning.
• Druckenmiller Digs In on Criticism of Yellen, Disputes Her Math.
• Bonds Are Having the Best Run Since 2020 on Bets Fed Is Done Hiking. 
• The Workplace is Becoming More Political as Gen Z Comes of Age. 
• Wall Street Gets More Leeway to Invest Client Margin Under CFTC Plan.

Zero Hedge:

• Jeff Bezos Exits Left-Wing Seattle For New Home In 'Low Tax' Miami
• "Be Careful What You Wish For" - Musk Warns 'No Jobs Needed' In Future Of AI "Magic Genie"
• These Are The Best-Selling Vehicles In Every State
• Vitamin B12 May Lower Inflammation, Study Suggests
• How Often Do Americans Travel?
• House Republican Introduces Bill To Block CCP Influence At State Department.
• Hydroxychloroquine Associated With Lower COVID-19 Mortality: French Study.
• Speaker Johnson Expects Decision On Biden Impeachment Articles 'Very Soon'.
• Delhi's Air Hits 'Hazardous' Levels.
• Certain Scientists, Journals Pose 'Potential Threats To Vaccine Confidence': CDC.
• US Has Advanced Drones Flying Over Gaza, Elite Commandos In Israel, Aiding Hostage Recovery.
• Biden DOJ Pushing Supreme Court Case To Nullify Pro-Gun Ruling.
• What a week.
• China Critics Condemn Biden's APEC Invite To Hong Kong.
• Dwindling ICE Arabica Coffee Inventories Hit 24-Year Low .
• Record Number Of Multiple Jobholders: A Closer Looks Inside The Horrific October Jobs Report.
• Cruz Demands Feds Prove $66 Million Towards Policing 'Misinformation' Wasn't Used To Censor Free Speech.
• Living Paycheck-To-Paycheck Has Become "The Main Financial Lifestyle" For US Consumers.
• Rich Men North Of Richmond: Michael Bloomberg's Anti-Coal Agenda. 
• Hezbollah Chief: US "Directly Responsible" For Gaza Atrocities, Will Soon Pay "Heavy Price".
• NAACP Rails Against Failing Maryland Schools: "African Americans Aren't Being Educated".
• Hunter Biden Accuses GOP Of 'Weaponizing' His Addiction To Hurt His Father.
• Fed F**kery Turns Massive $33BN Bank Deposit Outflow Into $51BN Inflow.
• Kunstler: The Jewish-American Dilemma.
• Yields and Dollar tumble to soft US jobs report, sending Stocks higher - Newsquawk US Market Wrap.
• Bonds & Stocks Explode Higher As 'Bad' Data & Benign Powell Ease Financial Conditions.

Wall Street Journal:

• U.S., other countries have pushed for a pause
• Latest Updates: Blinken Says Israel ‘Cannot Reassume Control’ in Gaza
• Hezbollah Chief Warns Israel of Regional War.
• An Israeli ‘Pause’ Would Help Hamas. Why would the jihadists give up their hostage leverage so easily? Meanwhile, Hezbollah blinks—for now. 
• The Billionaire Donor Taking On His Alma Mater Over Antisemitism.
• Sharp U.S. Hiring Slowdown Signals Cooling Economy.
• It’s U.S. vs. China in a More Divided World Economy.
• How the Democrats Lost the Working Class on Immigration.
• His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
• Tech Giants Spend Billions on AI Startups—and Get Just as Much Back.

CNBC:

• UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers.
• Here’s where the jobs are for October 2023 — in one chart.
• Bad news for the economy is good news for the stock market ... as long as it doesn’t get too bad.
• Astra defaults on debt agreement, warns it may not be able to raise needed cash.
• Customers grapple with deposit delays at big banks. What it means for you.

MarketWatch.com:

• Bipartisan calls grow to ‘fix’ U.S. border before approving $75 billion to defend Israel, Ukraine
• Orange-juice futures suffer biggest weekly decline in over 6 years after hitting record
• Inflation could still derail stock-market rally built on Fed-is-done trade
• Are investors walking into a monster bull trap? Watch for these signals, says portfolio manager. 
• Elon Musk on AI: ‘There will come a point where no job is needed’.

NewsMax:  

• Appeals Courts Pauses Trump's Gag Order as He Fights Speech Restrictions.
• Hamas Official: America Will Collapse Like USSR.
• Israel's Netanyahu Rules Out Gaza Cease-fire.
• Hezbollah Head: Wider Mideast Fight Real Prospect.
• Rep. Waltz: Biden Plays Both Sides on Israel, Angers All.

Fox News:

• Israeli father pleads with Americans to help save his hostage wife, children.
• What the FBI seized from the home of New York City Mayor Eric Adams' top fundraiser.
• Hunter Biden's ex-business partner calls on Bidens to join him for testimony.

TheGatewayPundit.com:

• House Approves Resolution Condemning Anti-Semitism and Support for Islamist Terror Organizations on College Campuses – Here are the 22 Democrats and the Sole Republican Who Refused to Denounce these Despicable Acts.
• “These Are Republic-Ending Tactics by The Democrats” – Article III Project Founder Mike Davis Discusses Bogus Colorado “Insurrection” Trial to Remove Trump, The Leading Presidential Candidate From 2024 Ballot (VIDEO).
• Trump Appointee and Marine Corps Veteran Federico Klein Sentenced to Nearly 6 Years In Prison For Role in Capitol Riot.
• National Archives Withholding 99.98% of Pages of Joe Biden’s Private Pseudonym Emails From Congress; Comer Alleges Obstruction.
• New Video Emerges Of CNN Accidentally Catching Woman Allegedly Stuffing Several Ballots into Drop Box In Cleveland, OH, During LIVE Segment on 2020 Election.
• Victor Reacts: There Is Hope For the Youth! High School Students Stage Walkout Over Insane Transgender Policies (VIDEO).
• ANOTHER State Gives Boot to Library Group Over its Pro-Porn Agenda.
• You Just Can’t Make This Up… US Government Agency Blocks Bank Transaction by Producers of “POLICE STATE” Movie – Dinesh D’Souza Describes Harassment by Same Agency that Monitors Terrorism and Trafficking! (AUDIO) …Update: Funds Returned after Calls.
• New Poll: One In Four Americans Say COVID Shots Are Unsafe And Know Someone Who Died From The Jab.
• As Conservatives Boycott And Move Spending Away From Woke Corporations — Here Is A Way To Do It Easily and Quickly.
• BREAKING NOW: Rep. James Comer Tells Lou Dobbs the Bidens Will be Subpoenaed in Coming Days (AUDIO).
• Leftist Jeff Bezos Announces He is Moving from Crime-Ridden Democrat-Controlled Seattle to Miami.
• Nation’s Top Law Firms Send Letter to Elite Universities: They Won’t Recruit from Colleges That Tolerate Antisemitism.

Epoch Times:

• China Struggles to Find Solutions for Local Government Debt Problem: Experts.
• Biden Should Not Meet With Xi in San Francisco.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+1,488 from prior week) Through September 29th, 2023.

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.

Weekly Scoreboard*

S&P 500 4,370.4 +6.1%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 34,096.8 +5.2%

• NASDAQ 13,490.1 +6.8%

• Russell 2000 1,768.4 +8.1%

• NYSE FANG+ 7,655.5 +6.9% 
• Roundhill Meme Stock ETF 31.21 +8.5%
  

• Goldman 50 Most Shorted 133.0 +13.1%

• Wilshire 5000 43,403.3 +6.4%

• Russell 1000 Growth 2,760.30 +6.3%

• Russell 1000 Value 1,500.3 +5.9%

• S&P 500 Consumer Staples 728.7 +3.5%

• MSCI Cyclicals-Defensives Spread 1,253.54 +2.2%
  

• NYSE Technology 3,730.9 +8.0%

• Transports 14,524.2 +7.3%

• Utilities 864.07 +6.6%

• Bloomberg European Bank/Financial Services 83.64 +3.0%
  

• MSCI Emerging Markets 38.43 +4.9%

• Credit Suisse AllHedge Long/Short Equity Index 186.46 -1.22%

• Credit Suisse AllHedge Equity Market Neutral Index 104.81 +.31%

Sentiment/Internals

• NYSE Cumulative A/D Line 450,504 +1.3%
• Nasdaq/NYSE Volume Ratio 7.1 +.4

• Bloomberg New Highs-Lows Index -181 +1,015
  

• Crude Oil Commercial Bullish % Net Position -38.2 -2.4%

• CFTC Oil Net Speculative Position 300,765 -1.8%

• CFTC Oil Total Open Interest 1,628,044 -1.6%

• Total Put/Call .89 -26.8%

• OEX Put/Call .97 +12.6%

• ISE Sentiment 109.0 +31.0 points
  

• NYSE Arms 1.10 -25.4%
  
• Bloomberg Global Risk-On/Risk-Off Index 64.9 +4.7%
• Bloomberg US Financial Conditions Index -.05 +25.0 basis points
  
• Bloomberg European Financial Conditions Index .66 +77.0 basis points
  

• Volatility(VIX) 15.2 -27.3%
• DJIA Intraday % Swing .64% -66.0%

• CBOE S&P 500 3M Implied Correlation Index 25.6 -25.2%

• G7 Currency Volatility (VXY) 7.59 -3.2%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.8 -5.6%

• Smart Money Flow Index 11,696.53 +.46%
• NAAIM Exposure Index  29.2 +4.4
  

• ICI Money Mkt Mutual Fund Assets $5.695 Trillion +1.1%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$3.725 Million

• AAII % Bulls 24.3 -17.1%

• AAII % Bears 50.3 +16.4%

Futures Spot Prices

• CRB Index 282.25 -1.0%

• Crude Oil 81.01/bbl. -5.2%

• Reformulated Gasoline 220.49 -4.1%

• Natural Gas 3.49 +11.2%
• Dutch TTF Nat Gas(European benchmark) 48.1 euros/megawatt-hour -5.8%
  

• Heating Oil 292.4 -3.8% 
• Newcastle Coal 134.9 (1,000/metric ton) -8.1%
  

• Gold 1,994.86 -.60%
• Silver 23.22 +.41%
  

• S&P GSCI Industrial Metals Index 404.86 -.01%

• Copper 368.1 +1.0%

• US No. 1 Heavy Melt Scrap Steel 372.0 USD/Metric Tonne +3.3%

• China Iron Ore Spot 123.0 USD/Metric Tonne +3.4%

• CME Lumber  525.0 +6.7%

• UBS-Bloomberg Agriculture 1,603.11 +.80%
• US Gulf NOLA Potash Spot 345.0 USD/Short Ton -.72%
  

Economy

• Atlanta Fed GDPNow 3Q Forecast +1.24% -1.02 percentage points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 25.8% +1.6 percentage points
  

• NY Fed Real-Time Weekly Economic Index 2.23 +12.6%

• US Economic Policy Uncertainty Index 54.3 -7.8%
• S&P 500 Current Quarter EPS Growth Rate YoY(404 of 500 reporting) +2.2% -3.6 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 240.56 +.41:  Growth Rate +8.9% -.3 percentage point, P/E 18.0 +.8
  
• S&P 500 Current Year Estimated Profit Margin 12.20% +9.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +38.4% -13.5 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 273.42 +3.55: Growth Rate +61.3% +2.1 percentage points, P/E 27.5 +1.3
  

• Citi US Economic Surprise Index 51.2 -12.5 points

• Citi Eurozone Economic Surprise Index -47.9 -3.8 points

• Citi Emerging Markets Economic Surprise Index 24.3 -2.1 points

• Fed Fund Futures imply .5%(-1.1 percentage points) chance of -25.0 basis point cut to 5.0-5.25%, 99.5%(+20.4 percentage points) chance of no change, 0.0%(-19.2 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 12/13
  

• US Dollar Index 105.03 -1.5%

• MSCI Emerging Markets Currency Index 1,677.32 +.41%
  

• Bitcoin/USD 34,563.2 -.12%

• Euro/Yen Carry Return Index 171.18 +1.5%
  

• Yield Curve(2s/10s) -27.75 -11.0 basis points
  

• 10-Year US Treasury Yield 4.56% -29.0 basis points
  

• Federal Reserve's Balance Sheet $7.831 Trillion -.53% 
• Federal Reserve's Discount Window Usage $3.128 Billion +8.2%
  

• U.S. Sovereign Debt Credit Default Swap 52.9 +1.9%
  

• Illinois Municipal Debt Credit Default Swap 198.34 -9.7%
  

• Italian/German 10Y Yld Spread 187.0 -10.0 basis points
  
• UK Sovereign Debt Credit Default Swap 32.61 +.79%
  

• China Sovereign Debt Credit Default Swap 74.32 -11.3%
  

• Brazil Sovereign Debt Credit Default Swap 162.44 -13.9%
  

• Israel Sovereign Debt Credit Default Swap 142.57 -1.2%

• South Korea Sovereign Debt Credit Default Swap 38.72 -9.5%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.71 -.2%
• China High-Yield Real Estate Total Return Index 68.36 -.96%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.0% unch.
  
• Zillow US All Homes Rent Index YoY +3.2% unch.
  
• US Urban Consumers Food CPI YoY +3.7% unch.
  
• CPI Core Services Ex-Shelter YoY +3.7% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.63% unch.: CPI YoY +3.28% -4.0 basis points
  
• 10-Year TIPS Spread 2.38% -5.0 basis points
  

• TED Spread 24.5 +4.5 basis points
  
• 2-Year SOFR Swap Spread -13.25 +1.75 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -20.0 +5.5 basis points
  

• N. America Investment Grade Credit Default Swap Index 70.19 -13.0%
  

• America Energy Sector High-Yield Credit Default Swap Index 171.0 -11.7% 
• Bloomberg TRACE # Distressed Bonds Traded 391.0 +45.0
  

• European Financial Sector Credit Default Swap Index 92.07 -9.1%
• Deutsche Bank Subordinated 5Y Credit Default Swap 260.74 -11.5%

• Emerging Markets Credit Default Swap Index 206.32 -13.4%
  

• MBS 5/10 Treasury Spread 170.0 -17.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 923.0 -3.0 basis points
• Avg. Auto ABS OAS .97 +4.0 basis points
  

• M2 Money Supply YoY % Change -3.6% unch.
  

• Commercial Paper Outstanding 1,218.3 +.7%

• 4-Week Moving Average of Jobless Claims 2100,000 +.96%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 50.3 -.64%
  

• Average 30-Year Fixed Home Mortgage Rate 7.94% -10.0 basis points
  

• Weekly Mortgage Applications 161,800 -2.06%

• Weekly Retail Sales +4.7% +20.0 basis points
  
• OpenTable US Seated Diners % Change YoY -4.0% unch.
  
• Box Office Weekly Gross $131.5M -.46%
  

• Nationwide Gas $3.44/gallon -.08/gallon

• Baltic Dry Index 1,385.0 -11.4%

• China (Export) Containerized Freight Index 827.84 +2.0%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.50 +25.0%
• Truckstop.com Market Demand Index 35.5 -8.4%

• Rail Freight Carloads 271,814 +.27%
• TSA Total Traveler Throughput 2,396,776 +18.9%
  

Best Performing Style

• Small-Cap Value +8.6%
  

Worst Performing Style

• Large-Cap Value +5.9%

Leading Sectors

• Homebuilding +15.6%

• Regional Banks +12.8%
• Gambling +12.0%
  

• Banks +11.7%
  

• AI/Robotics +9.7%
  

Lagging Sectors

• Electric Vehicles +2.3%
  

• Gold & Silver +2.0%
  

• Energy +1.7%

• Networking +1.3%
  

• Shipping +.3%
  

Weekly High-Volume Stock Gainers (44)

• UDMY, BAND, EXPE, DOCN, IAS, KYMR, TRUP, DKNG, IT, EVH, PARA, FIVN, FIVN, NET, LOPE, ACLX, QLYS, SQ, FLNC, AMRC, IEP, LMND, CVNA, TXG, TGTX, NTLA, CSTL, BOOT, ROKU, CUBI, MIRM, ENV, ALPN, B, BURL, IQV, OLED, LYV, DCPH, HGV, ALGN, ALKT and DRS
  

Weekly High-Volume Stock Losers (15)

• HQY, BAP, APPN, HLF, NARI, OHI, CHD, AMN, PYCR, PRDO, SG, FTNT, PCTY, AGL and BILL
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Higher into Afternoon on Lower Long-Term Rates, Earnings Outlook Optimism, Short-Covering, Gambling/Metals & Mining Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Higher
  

• Sector Performance: Almost Every Sector Rising
  

• Volume: Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 15.4 -2.0%
• DJIA Intraday % Swing .48% -30.8%
  
• Bloomberg Global Risk On/Risk Off Index 64.7 -1.6%

• Euro/Yen Carry Return Index 171.2 +.35%

• Emerging Markets Currency Volatility(VXY) 7.82 -.64%

• CBOE S&P 500 Implied Correlation Index 25.8 -.9% 

• ISE Sentiment Index 101.0 +6.0
  

• Total Put/Call .88 -9.3%

• NYSE Arms 1.04 +28.4%

Credit Investor Angst:

• North American Investment Grade CDS Index 70.54 -2.96%
  

• US Energy High-Yield OAS 325.70 -1.56%
• Bloomberg TRACE # Distressed Bonds Traded 391 -18
  

• European Financial Sector CDS Index 89.70 -2.1% 
• Deutsche Bank Subordinated 5Y Credit Default Swap 258.66 -2.2%
  

• Italian/German 10Y Yld Spread 187.0 basis points -4.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 127.3 -1.9%
  

• Emerging Market CDS Index 206.80 -2.0%
• Israel Sovereign CDS 142.57 +2.1%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 24.82 +.45%

• 2-Year SOFR Swap Spread -13.0 basis points +.5 basis point
  

• TED Spread 24.5 basis points +3.5 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -20.0 +2.5 basis points
  
• MBS  5/10 Treasury Spread 169.0 -3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 923.0 -3.0 basis points
  
• Avg. Auto ABS OAS 97.0 -1.0 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 41.75 +.64%
• 3-Month T-Bill Yield 5.41% -1.0 basis point
  

• China Iron Ore Spot 123.2 USD/Metric Tonne +1.2%
• Dutch TTF Nat Gas(European benchmark) 48.1 euros/megawatt-hour -1.0%

• Citi US Economic Surprise Index 51.2 -5.2 points

• Citi Eurozone Economic Surprise Index -47.9 -.2 point

• Citi Emerging Markets Economic Surprise Index 24.3 +.3 point
• S&P 500 Current Quarter EPS Growth Rate YoY(404 of 500 reporting) +2.2% +.5 percentage point
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 240.56 +.06:  Growth Rate +8.9% -.6 percentage point, P/E 18.1 +.2
  
• S&P 500 Current Year Estimated Profit Margin 12.20% +3.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +38.4% -13.5 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 273.42 +.13: Growth Rate +61.3% +.1 percentage point, P/E 27.5 +.1
  
• Bloomberg US Financial Conditions Index -.07 -2.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .66 +6.0 basis points
  
• US Yield Curve -28.5 basis points (2s/10s) +2.5 basis points
  
• US Atlanta Fed 3Q GDPNow Forecast +1.24% unch.
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +3.63% unch.: CPI YoY +3.28% unch.
  
• 10-Year TIPS Spread 2.38 -2.0 basis points
  
• Highest target rate probability for Jan. 31st FOMC meeting: 89.4%(+18.4 percentage points) chance of 5.25%-5.5%. Highest target rate probability for March 20th meeting: 67.3%(+3.6 percentage points) chance of 5.25%-5.5%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating +830 open in Japan 
• China A50 Futures: Indicating +79 open in China

• DAX Futures: Indicating +64 open in Germany

Portfolio:

• Higher:  On gains in my tech/industrial/transport/utility sector longs
  

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  

• Market Exposure: Moved to 100% Net Long
  

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (AMG)/3.74
• (CEG)/1.48
• (DISH)/.11
• (HGV)/.97
• (THS)/.50
  

After the Close: 

• (AAON)/.55
• (ADTN)/-.02
• (CE)/2.23
• (COHR)/.12
• (FANG)/5.01
• (FN)/1.85
• (GT)/.19
• (MYGN)/-.08
• (NXPI)3/62
• (RNG)/.75
• (SANM)/1.53
• (TRIP)/.47
• (VECO)/.37
• (VRTX)/3.92
  

Economic Releases

• None of note
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The Fed's Cook speaking, 3/6 Month T-Bill auctions, Loan Officer Survey, CB Employment Trends Index for Oct. and the Baird Industrial Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

• NYSE Volume Running +34.2% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 7.5 -.6
  
• 1 Sector Declining, 10 Sectors Rising
• 83.5% of Issues Advancing, 15.4% Declining
• 62 New 52-Week Highs, 14 New Lows
• 37.0%(+13.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 58.0 +6.0
  
• Bloomberg Global Risk-On/Risk-Off Index 64.6 -1.8%
  
• Russell 1000: Growth/Value 17,952.6 -.61%
  
• 1-Day Vix 12.4 -19.0%
  
• Vix 15.5 -.7%
  
• Total Put/Call .86 -11.3%
• TRIN/Arms 1.06 +30.9%