Saturday, July 27, 2024

Today's Headlines

Bloomberg:

Zerohedge:
Barron's:
  • Had bullish commentary on (LBTYA).

CNBC:

MarketWatch.com:

NewsMax:   

Fox News:

TheGatewayPundit.com: 

Epoch Times:

Around X:

  • @MarioNawful
  • @DogRightGirld
  • @DrEliDavid
  • @wideawake_media
  • @OliLondonTV
  • @Sassafrass_84
  • @UltraFrog17
  • @Lukerosiak
  • A top FBI official and his mistress/FBI attorney said that they would stop Donald Trump from being president. The FBI did, in fact, derail his presidency with a baseless conspiracy coming from its own paid informants. Then Biden paid him one million dollars.
  • @TrumpWarRoom
  • .@JDVance: I know the media wants to attack me and wants me to back down on this, Megyn, but the simple point that I made is that having children, becoming a father, becoming a mother, I really do think it changes your perspective in a pretty profound way. It's not a criticism of people who don't have children. I explicitly said in my remarks, despite the fact the media has lied about this, that this is not about criticizing people who for various reasons didn't have kids. This is about criticizing the Democratic Party for becoming anti-family and anti-child. (video
  • @liz_churchill10
  • @RNCResearch
  • Kamala Harris admits she supports: — Raising taxes on 91% of Americans across every income bracket. — A higher business tax rate than socialist Venezuela. — Raising the death tax. (video)
  • @againstgrmrs
  • @CortesSteve
  • @profstonge
  • @WallStreetApes
  • @WallStreetSilv
  • @VigilantFox
  • @JamesOKeefeIII
  • @ShadowofEzra
  • @Rasmussen_Poll
  • Georgia Update: The 2020 Election Hijack. A private election consultant group, paid in part by Mark Zuckerberg, arrived in Fulton County (Atlanta) just in time to 'help manage' the 2020 election. Joe Biden did not 'win' Georgia in 2020.
  • @nicksortor
  • @IGSquawk 
OpenVAERS:
SKirsch.com:

Friday, July 26, 2024

Evening Headlines

Bloomberg:

Zero Hedge:Wall Street Journal:   

CNBC:

MarketWatch.com:

NewsMax:   

Fox News:

TheGatewayPundit.com: 

Epoch Times:

Around X:

  • @TuckerCarlson
  • @catturd2
  • @Ultrafrog17
  • @kylenabecker
  • Here it is: Kamala Harris all but announces she is a communist. "Everyone ends up in the same place. And since we didn't start in the same place, some folks might need more. EQUITABLE distribution." Harris paraphrases Marx: "From each according to his ability to each according to his needs." Sound familiar? "Equity" is just a rebranding of the failed idea of socialism. (video)
  • @libsoftiktok
  • @Kanthan2030
  • @OliLondonTV
  • @nataliegwinters
  • @bennyjohnson
  • @BreakinNewz01
  • @ImMeme0
  • @amuse
  • @tracybeanz
  • @TonySeruga
  • @WallStreetApes
  • @EndWokeness
  • @JackPosobiec
  • @robbystarbuck
  • @HarrisonKrank
  • @CollinRugg
OpenVAERS:
SKirsch.com:

Stocks Finish Higher on Lower Long-Term Rates, Earnings Outlook Optimism, Short-Covering, Telecom/Homebuilding Sector Strength

Broad Equity Market Tone:

  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Around Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 16.8 -9.2%
  • DJIA Intraday % Swing 1.48 -5.2%
  • Bloomberg Global Risk On/Risk Off Index 52.2 +2.1%
  • Euro/Yen Carry Return Index 183.6 +.03%
  • Emerging Markets Currency Volatility(VXY) 7.5 -2.5%
  • CBOE S&P 500 Implied Correlation Index 14.7 -13.1% 
  • ISE Sentiment Index 149.0 +21.0
  • Total Put/Call 1.01 +3.1%
  • NYSE Arms .97 -9.4%
  • NYSE Non-Block Money Flow +$286.5M 
Credit Investor Angst:
  • North American Investment Grade CDS Index 51.1 -2.3%
  • US Energy High-Yield OAS 269.9 +.05%
  • Bloomberg TRACE # Distressed Bonds Traded 235 -9
  • European Financial Sector CDS Index 62.1 -2.7%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 163.7 -.98%
  • Italian/German 10Y Yld Spread 136.0 basis points unch.
  • Asia Ex-Japan Investment Grade CDS Index 97.3 -1.4%
  • Emerging Market CDS Index 166.4 -2.2%
  • Israel Sovereign CDS 127.7 -.2%
  • China Corp. High-Yield Bond USD ETF(KHYB) 25.1 +.04%
  • 2-Year SOFR Swap Spread -15.5 basis points +.5 basis point
  • Treasury Repo 3M T-Bill Spread -4.75 basis points -1.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -1.5 +.5 basis point
  • MBS  5/10 Treasury Spread 143.0 -2.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 687.0 +3.0 basis points
  • Avg. Auto ABS OAS 60.0 +1.0 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 39.1 +.09%
  • 3-Month T-Bill Yield 5.29% -1.0 basis point
  • China Iron Ore Spot 101.6 USD/Metric Tonne -.61%
  • Dutch TTF Nat Gas(European benchmark) 32.5 euros/megawatt-hour +2.2%
  • Citi US Economic Surprise Index -34.0 -.6 point
  • Citi Eurozone Economic Surprise Index -52.9 +.5 point
  • Citi Emerging Markets Economic Surprise Index -5.3 -.9 point
  • S&P 500 Current Quarter EPS Growth Rate YoY(206 of 500 reporting) +6.5% +.2 percentage point
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 262.38 +.04:  Growth Rate +14.9% unch., P/E 20.8 unch.
  • S&P 500 Current Year Estimated Profit Margin 12.79% unch.
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(3 of 10 reporting) +19.8% unch.
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 335.29 +.28: Growth Rate +25.0% +.1 percentage point, P/E 32.6 -.2
  • Bloomberg US Financial Conditions Index .72 -3.0 basis points
  • Bloomberg Euro-Zone Financial Conditions Index .55 -14.0 basis points
  • US Yield Curve -20.0 basis points (2s/10s) -1.0 basis point
  • US Atlanta Fed 3Q GDPNow Forecast +2.83% +22.0 basis points
  • US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 61.6% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +2.73% +34.0 basis points: CPI YoY +3.01% unch.
  • 10-Year TIPS Spread 2.25 -2.0 basis points
  • Highest target rate probability for Sept. 18th FOMC meeting: 87.7%(-1.9 percentage points) chance of 5.0%-5.25%. Highest target rate probability for Nov. 7th meeting: 59.8%(+2.3 percentage points) chance of 4.75%-5.0%.
Overseas Futures:
  • Nikkei 225 Futures: Indicating +633 open in Japan 
  • China A50 Futures: Indicating -24 open in China
  • DAX Futures: Indicating +156 open in Germany
Portfolio:
  • Higher:  On gains in my industrial/tech/consumer discretionary/financial/biotech sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 75% Net Long

Bear Radar

Style Underperformer:

  • Mid-Cap Growth +.6%
Sector Underperformers:
  • 1) Medical Equipment -.7% 2) Shipping -.4% 3) I-Banking +.1%
Stocks Falling on Unusual Volume: 
  • CRI, GNTX, XPRO, LHX, LPLA, OLN, SKYW, MXL, APPF, BAH, BJRI and SAIA
Stocks With Unusual Put Option Activity:
  • 1) DXCM 2) MMM 3) GILD 4) XLB 5) TELL
Stocks With Most Negative News Mentions:
  • 1) DXCM 2) BIIB 3) TWOU 4) STLA 5) SICP
Sector ETFs With Most Negative Money Flow:
  • 1) RSPT 2) XLC 3) XLI 4) XLY 5) XLP

Bull Radar

Style Outperformer:

  • Mid-Cap Value +1.8%
Sector Outperformers:
  • 1) Homebuilding +3.4% 2) Semis +2.8% 3) Construction +2.6%
Stocks Rising on Unusual Volume:
  • COUR, EVRI, AEYE, SERV, MMM, MHK, LBRDK, CHTR, ASTS, AVTR, INOD, NNE, NSC, RILY, CNC, MSTR, COLB, BMY, FBIN, VSAT, W, FTAI, DECK, GEV, CUZ, CASY, VLTO, SAM, CLSK, BANC, ALEX, WS, HIG, MARA, SSNC, SWK, NOV, PII, SAVA, SIGA, LII, RGEN, TOL, DOC, FIX, EXP, LW, BLD, ATR, BKR, MANH, TYL, NCNO, FSS, MOH, ALSN, CRS, CROX, MHO, CMCSA, EME, HHH, TXRH, BWIN, EW, VKTX, WT, BWIN, PODD, CL, CHDN, POOL, NVRI, MTH, LKQ, HIW and CINF
Stocks With Unusual Call Option Activity:
  • 1) DXCM 2) PPL 3) IGT 4) MMM 5) NWL
Stocks With Most Positive News Mentions:
  • 1) NWL 2) MMM 3) MHK 4) COUR 5) DECK
Sector ETFs With Most Positive Money Flow:
  • 1) FTEC 2) SMH 3) XLU 4) XLE 5) FDIS
Charts: