Friday, December 01, 2017

Weekly Scoreboard*

S&P 500 2,642.22 +1.53%
























The Weekly Wrap by Briefing.com.
 
Indices
  • DJIA 24,231.59 +2.86%
  • NASDAQ 6,847.69 -.60%
  • Russell 2000 1,537.02 +1.18%
  • S&P 500 High Beta 41.37 +1.77%
  • Goldman 50 Most Shorted 137.86 +2.45%
  • Wilshire 5000 27,375.90 +1.43%
  • Russell 1000 Growth 1,337.32 +.35%
  • Russell 1000 Value 1,900.91 +2.61%
  • S&P 500 Consumer Staples 577.48 +2.37%
  • Vanda Cyclicals-Defensives 1.4073 +1.19%
  • NYSE Technology 1,687.75 -3.19%
  • Transports 10,186.63 +5.89%
  • Utilities 767.16 +1.07%
  • Bloomberg European Bank/Financial Services 97.92 -.34%
  • MSCI Emerging Markets 46.0 -2.31%
  • HFRX Equity Hedge 1,255.29 +.25%
  • HFRX Equity Market Neutral 1,010.22 -.48%
Sentiment/Internals
  • NYSE Cumulative A/D Line 310,727 +.26%
  • Bloomberg New Highs-Lows Index 955 +244
  • Bloomberg Crude Oil % Bulls 18.18 -61.73%
  • CFTC Oil Net Speculative Position 577,078 -3.25%
  • CFTC Oil Total Open Interest 2,512,147 -4.39%
  • Total Put/Call .77 -9.41%
  • OEX Put/Call 1.24 -76.38%
  • ISE Sentiment 110.0 -12.0%
  • NYSE Arms .80 -25.23%
  • Volatility(VIX) 11.43 +18.2%
  • S&P 500 Implied Correlation n/a
  • G7 Currency Volatility (VXY) 7.44 +2.9% 
  • Emerging Markets Currency Volatility (EM-VXY) 7.92 +1.28%
  • Smart Money Flow Index 20,582.35 +1.76%
  • ICI Money Mkt Mutual Fund Assets $2.799 Trillion +2.2%
  • ICI US Equity Weekly Net New Cash Flow -$5.211 Billion
  • AAII % Bulls 36.0 +1.3%
  • AAII % Bears 31.6 +9.0%
Futures Spot Prices
  • CRB Index 190.69 -.80%
  • Crude Oil 58.27 -1.24%
  • Reformulated Gasoline 173.82 -2.25%
  • Natural Gas 3.06 +8.31%
  • Heating Oil 194.04 -.65%
  • Gold 1,285.0 -.2%
  • Bloomberg Base Metals Index 199.38 -2.78%
  • Copper 309.55 -2.47%
  • US No. 1 Heavy Melt Scrap Steel 258.33 USD/Metric Tonne unch.
  • China Iron Ore Spot 70.11 USD/Ton +3.19%
  • Lumber 436.70 +3.68%
  • UBS-Bloomberg Agriculture 1,033.28 -.38%
Economy
  • Atlanta Fed GDPNow Forecast +3.5% +10.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate 2.6% unch.
  • Philly Fed ADS Real-Time Business Conditions Index .4325 -5.38% 
  • US Economic Policy Uncertainty Index 200.95 +87.5%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 144.39 +.53%
  • Citi US Economic Surprise Index 60.1 +9.5 points
  • Citi Eurozone Economic Surprise Index 70.30 -22.6 points
  • Citi Emerging Markets Economic Surprise Index 1.8 -11.0 points
  • Fed Fund Futures imply 0.0% chance of no change, 100.0% chance of 25 basis point hike on 12/13
  • US Dollar Index 92.89 +.15%
  • MSCI Emerging Markets Currency Index 1,647.95 +.01%
  • Euro/Yen Carry Return Index 138.94 +.16%
  • Yield Curve 58.50 -1.5 basis points
  • 10-Year US Treasury Yield 2.36% +2.0 basis points
  • Federal Reserve's Balance Sheet $4.398 Trillion -.3%
  • U.S. Sovereign Debt Credit Default Swap 24.79 -.02%
  • Illinois Municipal Debt Credit Default Swap 337.12 -.05%
  • Western Europe Sovereign Debt Credit Default Swap Index 3.47 -5.45%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 13.78 -7.76%
  • Emerging Markets Sovereign Debt CDS Index 45.81 -4.97%
  • Israel Sovereign Debt Credit Default Swap 56.56 -.68%
  • South Korea Sovereign Debt Credit Default Swap 58.08 -8.39%
  • Russia Sovereign Debt Credit Default Swap 133.54 +1.96%
  • iBoxx Offshore RMB China Corporate High Yield Index 145.60 -.04%
  • 10-Year TIPS Spread 1.88% +1.0 basis point
  • TED Spread 23.0 +2.75 basis points
  • 2-Year Swap Spread 18.25 +1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -47.75  -2.5 basis points
  • N. America Investment Grade Credit Default Swap Index 51.79 -.88%
  • America Energy Sector High-Yield Credit Default Swap Index 371.0 +.31%
  • European Financial Sector Credit Default Swap Index 47.15 -.99%
  • Emerging Markets Credit Default Swap Index 181.13 -.43%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 160.0 +3.0 basis points
  • M1 Money Supply $3.633 Trillion +.5%
  • Commercial Paper Outstanding 1,042.80 +1.4%
  • 4-Week Moving Average of Jobless Claims 242,250 +2,500
  • Continuing Claims Unemployment Rate 1.4% unch.
  • Average 30-Year Mortgage Rate 3.90% -2.0 basis points
  • Weekly Mortgage Applications 390.0 -3.1%
  • Bloomberg Consumer Comfort 51.6 -.1 point
  • Weekly Retail Sales +3.50% +50.0 basis points
  • Nationwide Gas $2.49/gallon -.03/gallon
  • Baltic Dry Index 1,578 +8.23%
  • China (Export) Containerized Freight Index 772.77 -1.58%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 25.0 -9.1%
  • Rail Freight Carloads 233,276 -18.76%
Best Performing Style
  • Large-Cap Value +2.3%
Worst Performing Style
  • Small-Cap Growth -.1%
Leading Sectors
  • Road & Rail +6.1%
  • Banks +5.1%
  • Oil Service +4.5%
  • Retail +4.4%
  • Healthcare Providers +4.0%
Lagging Sectors
  • Computer Hardware -2.6% 
  • Internet -2.6%
  • Papers -2.6%
  • Disk Drives -4.1%
  • Semis -6.8%
Weekly High-Volume Stock Gainers (16)
  • TLYS, HOME, SCMP, RGC, CUDA, TITN, MDP, TIME, THO, TCF, PDFS, BANC, BWLD, NUAN, BY and EEQ
Weekly High-Volume Stock Losers (11)
  • ATNX, VNTR, BSX, RTEC, MEDP, GTN, WDAY, ADSK, FSCT, SQ and SGH
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Reversing Sharply Lower into Final Hour on Mueller Investigation Worries, Yen Strength, Profit-Taking, Tech/Transport Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Lower
  • Sector Performance: Mixed
  • Volume: Heavy
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.4 +10.3%
  • Euro/Yen Carry Return Index 138.97 -.46%
  • Emerging Markets Currency Volatility(VXY) 7.92 -.75%
  • S&P 500 Implied Correlation n/a
  • ISE Sentiment Index 115.0 +4.55%
  • Total Put/Call .70 -16.67%
  • NYSE Arms .69 -16.89%
Credit Investor Angst:
  • North American Investment Grade CDS Index 52.74 +.84%
  • America Energy Sector High-Yield CDS Index 370.0 -1.74%
  • European Financial Sector CDS Index 46.95 +.13%
  • Western Europe Sovereign Debt CDS Index 3.48 -.29%
  • Asia Pacific Sovereign Debt CDS Index 13.79 +.04%
  • Emerging Market CDS Index 181.07 -.06%
  • iBoxx Offshore RMB China Corporate High Yield Index 145.60 unch.
  • 2-Year Swap Spread 18.25 -.25 basis point
  • TED Spread 23.5 +4.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -47.75 -.5 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 73.26 +.05%
  • 3-Month T-Bill Yield 1.26% unch.
  • Yield Curve 59.0 -3.75 basis points
  • China Import Iron Ore Spot $70.11/Metric Tonne +2.91%
  • Citi US Economic Surprise Index 60.10 +.7 point
  • Citi Eurozone Economic Surprise Index 70.30 -1.0 basis points
  • Citi Emerging Markets Economic Surprise Index 1.80 +.2 point
  • 10-Year TIPS Spread 1.88 unch.
  • 100.0% chance of Fed rate hike at Jan. 31 meeting, 100.0% chance at March 21 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -160 open in Japan 
  • China A50 Futures: Indicating -83 open in China
  • DAX Futures: Indicating +81 open in Germany
Portfolio: 
  • Lower: On losses in my tech/medical/retail sector longs
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 75% Net Long

Morning Market Internals

NYSE Composite Index: