Saturday, January 21, 2017

Today's Headlines

Bloomberg:
  • EU Populists See Trump Victory as Beginning of End for Old Order. Europe’s populist right predicted Donald Trump’s entry into the White House will herald the end of the old way of doing business in the west, as the continent’s leaders wrestled with how to deal with the new president. Anti-establishment politicians including Marine Le Pen, head of the National Front in France, and Geert Wilders of the Dutch Freedom Party echoed the combative language of the new U.S. president’s inaugural address at a celebratory rally in Koblenz, western Germany, on Saturday while Chancellor Angela Merkel was trying to reassure her supporters at a meeting in the country’s industrial heartland.
  • Britain’s May, Mexico’s Pena Nieto to Meet With Trump This Month. British Prime Minister Theresa May and Mexican President Enrique Pena Nieto will make visits to the U.S. this month to meet with President Donald Trump, White House officials said. May will meet with Trump on Friday, White House Deputy Press Secretary Sarah Huckabee said on Saturday. Pena Nieto will meet with Trump on Jan. 31, said White House Press Secretary Sean Spicer. Neither provided further details on the meetings. Trade, immigration and Trump’s campaign promise to build a wall on the southern U.S. border loom large in the president’s relations with Mexico. Britain’s exit from the European Union, the campaign against Islamic State terrorism, the Syrian civil war and sanctions against Russia are key issues in relations between the Trump administration and Britain.
  • Japan’s Abe Wants to Strengthen ‘Unshakable’ Ties With U.S. Japanese Prime Minister Shinzo Abe said he wants to strengthen his nation’s unshakable ties with U.S. by working with President Donald Trump, according to a statement released on his office website Saturday. Abe said that with the Asia-Pacific security becoming increasingly severe, the two nations’ alliance is becoming even more important. The region is a driver of global growth, he said. The Japanese premier said he wants to meet with Trump as soon as possible. Abe is at the final stages of arranging a meeting with the new U.S. president as soon as the first half of February, public broadcaster NHK reported Saturday, without saying where it got the information.
  • Kate Spade Said to Attract Interest From Coach, Michael Kors.
Wall Street Journal:
Barron's:
  • Had bullish commentary on (ZBH), (YHOO), (GOOGL), (GME), (CNHI), (HRI) and (DHI).
  • Had bearish commentary on (DIS).
Fox News:
CNBC:
  • Trump to oversee ‘fiscal bloodbath’ instead of prosperity, says Reagan OMB director. (video) Stockman explained that in the early 80's when Reagan took office, debt was at a $1 trillion which equaled around 30 percent of U.S. GDP. Now, 35 years later, debt is nearing $20 trillion, or what could translate to 105 percent of GDP. In other words, Reagan had a lot more room to maneuver with respect to the debt, while Trump could find himself hampered by rising debt.
Zero Hedge:

Friday, January 20, 2017

Market Week in Review

  • S&P 500 2,267.38 -.15%*
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The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*


Indices
  • S&P 500 2,267.38 -.15%
  • DJIA 19,811.30 -.52%
  • NASDAQ 5,554.42 unch.
  • Russell 2000 1,351.33 -.71%
  • S&P 500 High Beta 37.19 -.56%
  • Goldman 50 Most Shorted 120.76 -.43%
  • Wilshire 5000 23,602.50 -.17%
  • Russell 1000 Growth 1,079.81 +.05%
  • Russell 1000 Value 1,105.94 -.31%
  • S&P 500 Consumer Staples 538.51 +1.67%
  • Vanda Cyclicals-Defensives 1.2940 -.12%
  • Morgan Stanley Technology 1,270.85 +.66%
  • Transports 9,195.39 +.46%
  • Utilities 657.51 -.03%
  • Bloomberg European Bank/Financial Services 94.0 -.73%
  • MSCI Emerging Markets 36.47 -.40%
  • HFRX Equity Hedge 1,165.01 -.30%
  • HFRX Equity Market Neutral 988.26 -.38%
Sentiment/Internals
  • NYSE Cumulative A/D Line 276,087 -.29%
  • Bloomberg New Highs-Lows Index 234 -52
  • Bloomberg Crude Oil % Bulls 38.2 -25.8%
  • CFTC Oil Net Speculative Position 433,562 -1.48%
  • CFTC Oil Total Open Interest 2,114,656 +1.21%
  • Total Put/Call 1.01 +10.99%
  • OEX Put/Call .74 +94.74%
  • ISE Sentiment 74.0 -24.47%
  • NYSE Arms .84 -22.32%
  • Volatility(VIX) 12.33 +6.67%
  • S&P 500 Implied Correlation 47.17 +.49%
  • G7 Currency Volatility (VXY) 10.42 -2.25%
  • Emerging Markets Currency Volatility (EM-VXY) 11.02 -1.78%
  • Smart Money Flow Index 19,255.29 -.45%
  • ICI Money Mkt Mutual Fund Assets $2.691 Trillion -.83%
  • ICI US Equity Weekly Net New Cash Flow -$.174 Billion
  • AAII % Bulls 37.0 -15.2%
  • AAII % Bears 32.7 +21.2%
Futures Spot Prices
  • CRB Index 194.02 -.49%
  • Crude Oil 52.42 -1.15%
  • Reformulated Gasoline 156.70 -3.23%
  • Natural Gas 3.20 -5.32%
  • Heating Oil 164.49 -1.92%
  • Gold 1,213.90 +1.57%
  • Bloomberg Base Metals Index 174.91 -.15%
  • Copper 261.95 -1.78%
  • US No. 1 Heavy Melt Scrap Steel 277.66 USD/Ton +11.8%
  • China Iron Ore Spot 80.41 USD/Ton -.16%
  • Lumber 325.90 -.09%
  • UBS-Bloomberg Agriculture 1,194.45 +1.40%
Economy
  • Atlanta Fed GDPNow Forecast +2.8% unch.
  • ECRI Weekly Leading Economic Index Growth Rate +12.0% -20.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index .2591 -2.11%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 132.28 +.81%
  • Citi US Economic Surprise Index 44.60 +6.6 points
  • Citi Eurozone Economic Surprise Index 63.5 -11.3 points
  • Citi Emerging Markets Economic Surprise Index 38.50 +.9 point
  • Fed Fund Futures imply 87.6% chance of no change 12.4% chance of 25 basis point hike on 2/1
  • US Dollar Index 101.04 -.21%
  • MSCI Emerging Markets Currency Index 1,523.11 -.02%
  • Euro/Yen Carry Return Index 127.96 +.69%
  • Yield Curve 128.0 +8.0 basis points
  • 10-Year US Treasury Yield 2.47% +7.0 basis points
  • Federal Reserve's Balance Sheet $4.422 Trillion +.18%
  • U.S. Sovereign Debt Credit Default Swap 28.24 +3.9%
  • Illinois Municipal Debt Credit Default Swap 405.0 +13.39%
  • Western Europe Sovereign Debt Credit Default Swap Index 20.54 +1.76%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 34.49 +2.79%
  • Emerging Markets Sovereign Debt CDS Index 78.72 -3.47%
  • Israel Sovereign Debt Credit Default Swap 70.08 -.60%
  • Iraq Sovereign Debt Credit Default Swap 703.42 unch.
  • Russia Sovereign Debt Credit Default Swap 185.64 +2.28%
  • iBoxx Offshore RMB China Corporate High Yield Index 133.07 +.17%
  • 10-Year TIPS Spread 2.04% +4.0 basis points
  • TED Spread 55.0 +4.0 basis points
  • 2-Year Swap Spread 32.5 +3.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.75 +.5 basis point
  • N. America Investment Grade Credit Default Swap Index 65.85 +.35%
  • America Energy Sector High-Yield Credit Default Swap Index 428.0 -.11%
  • European Financial Sector Credit Default Swap Index 85.73 -1.58%
  • Emerging Markets Credit Default Swap Index 238.64 +1.37%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 133.0 -.5 basis point
  • M1 Money Supply $3.373 Trillion 1.67%
  • Commercial Paper Outstanding 967.20 +.8%
  • 4-Week Moving Average of Jobless Claims 246,750 -9,750
  • Continuing Claims Unemployment Rate 1.5% unch.
  • Average 30-Year Mortgage Rate 4.09% -3.0 basis points
  • Weekly Mortgage Applications 382.20 +.79%
  • Bloomberg Consumer Comfort 45.2 +.1 point
  • Weekly Retail Sales +.6% -30.0 basis points
  • Nationwide Gas $2.33/gallon -.02/gallon
  • Baltic Dry Index 942.0 +3.52%
  • China (Export) Containerized Freight Index 864.90 +2.92%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 50.0 -4.76%
  • Rail Freight Carloads 263,006 +19.4%
Best Performing Style
  • Large-Cap Growth unch.
Worst Performing Style
  • Small-Cap Growth -.9%
Leading Sectors
  • Oil Tankers +4.2%
  • Tobacco +4.2%
  • Road & Rail +3.2%
  • Gold & Silver +2.4%
  • Semis +1.3%
Lagging Sectors
  • Homebuilders -1.2% 
  • Retail -1.7%
  • Drugs -1.7%
  • Biotech -2.1%
  • Banks -2.1%
Weekly High-Volume Stock Gainers (15)
  • SN, CWEI, ASMB, CLCD, CENX, DXCM, SNOW, CSX, UVV, ARRY, NBL, OB, MJN,. FAST and RAI
Weekly High-Volume Stock Losers (11)
  • GME, VSTO, MNK, PNFP, STRP, AEPI, ANET, PRGS, WRMT, GIMO and AXIM
Weekly Charts
ETFs
Stocks
*5-Day Change