Sunday, January 31, 2016

Monday Watch

Today's Headlines
  • China Factory Gauge Signals a Record Streak of Deterioration. (video) China’s official factory gauge signaled conditions deteriorated for a sixth month as an index of services continued to hold up, illustrating the widening divergence in the two-speed economy. The purchasing managers index dropped to a three-year low of 49.4 in January, the National Bureau of Statistics said Monday. That compared with a median estimate of 49.6 in a Bloomberg survey of economists, and represents the longest stretch of readings remaining below 50 on record. Numbers below 50 indicate deterioration.
  • China's Efforts to Squeeze Bets Against the Yuan Haven't Achieved Much. The cost of betting against the yuan in Hong Kong is back to where it was at the start of the year, highlighting the shortcomings of China’s attempt to starve the offshore market of funds while flooding domestic banks with cash to support the economy. The Hong Kong InterBank Offered Rate for three-month yuan loans fell to 4.87 percent on Friday, 59 basis points lower than the Dec. 31 fixing and down from a record 10.42 percent on Jan. 12. The comparable rate in Shanghai is 3.10 percent and Chris Morrison at $965 million hedge fund Omni Partners says funds will flow offshore, providing a pool of yuan to be borrowed and sold, unless China imposes draconian capital controls.
  • China Bears Miss Worst Selloff Since 2008 After Cutting Short Bets. Talk about mistimed trading: Bears on Chinese equities just missed the biggest sell-off in seven years. Short sellers abandoned their bearish bets against the biggest A-share ETF listed in the U.S. just as mainland stocks tumbled the most in January since the global financial crisis. Shares borrowed and sold on expectations of a decline in the exchange-traded fund fell to a one-year low of 4.2 percent of stock outstanding on Jan. 11, down from a record of 38 percent on Dec. 9, according to data compiled by Bloomberg and Markit. The trades were unwound as the fund, which tracks the CSI 300 Index of companies traded in Shanghai and Shenzhen, lost as much as 28 percent from a peak in late 2015 through last week
  • BOJ Rate Cut No Solace for Top Japan Fund That's Staying in Cash. J Flag Investment Co., an investment advisory firm which helps run among the top five funds in Japan, says the Bank of Japan’s move to negative interest rates won’t assuage investor anxiety or damp volatility in the nation’s stocks. The firm, which advises on 25 billion yen ($210.8 million) in assets, boosted cash last year and has no plans to get back in the market because it expects stocks to remain volatile over the next three to six months even after the central bank lowered its interest rates to minus 0.1 percent on certain holdings. J Flag’s long-only fund rose 24 percent in 2015, the fourth best-performing fund among 26 Japan-focused peers tracked by Eurekahedge Pte.
  • HSBC Says Hiring, Salaries to Be Frozen in 2016 in Cost-Cut Plan. HSBC Holdings Plc will impose a hiring and pay freeze this year as part of its drive to cut as much as $5 billion in costs by the end of 2017, a spokeswoman for the bank said Sunday. The actions were outlined in a memorandum received by employees on Friday, the bank’s Gillian James said in an e-mail statement. “As flagged in our Investor Update we have targeted significant cost reductions by the end of 2017,” James said. HSBC Chief Executive Officer Stuart Gulliver in June outlined a three-year plan to pare back a sprawling global network by shutting money-losing businesses and eliminating jobs as he pushes to improve earnings amid surging compliance costs. Other major European lenders from Credit Suisse Group AG to Deutsche Bank AG are cutting thousands of jobs as they battle to adapt to tougher regulatory demands on capital.
  • Korean Won Weakens Most in Three Weeks as Export Outlook Worsens. The won suffered its biggest drop in three weeks after South Korea’s exports shrank the most since August 2009 and the yen’s slide worsened the outlook for shipments. Government bonds rose, pushing yields to record lows, after official data on Monday showed overseas sales contracted 18.5 percent in January from a year earlier, more than the median estimate for a 10.3 percent decline in a Bloomberg survey. The yen weakened after the Bank of Japan adopted negative interest rates on Friday, boosting the competitiveness of Japanese goods. The two nations compete in global markets to sell everything from cars to electronics. The won weakened 0.5 percent to 1,205.38 a dollar as of 10:47 a.m. in Seoul, data compiled by Bloomberg show. It fell as much as 1 percent, the most since Jan. 11, and is Asia’s worst performer this year with a 2.7 percent loss.
  • Gulf Arab Stocks Trim Worst Start in 10 Years After Oil Rebounds. Gulf Arab equities trimmed their worst January in at least a decade after oil capped its second weekly advance. Dubai’s DFM General Index led gains in the region, climbing to the highest in more than three weeks as the number of shares traded was almost double the six-month average. Abu Dhabi’s ADX General Index had the biggest increase in more than a year. Saudi Arabia’s Tadawul All Share Index rose a fourth day, the longest streak since November. The Bloomberg GCC 200 Index, a gauge of 200 of the region’s biggest companies, added 2.1 percent, gaining for a third day. The measure has lost 9.2 percent this month, the worst start to a year since the index was created 10 years ago. 
  • Asian Stocks Advance for Fourth Day Amid Central Bank Optimism. Asian stocks rose, with the regional benchmark index heading for its fourth day of advances, as shares in Tokyo extended Friday’s rally after the Bank of Japan stepped up its monetary stimulus. The MSCI Asia Pacific Index gained 0.4 percent to 121.82 as of 9:05 a.m. in Tokyo.
  • Oil Declines as Kuwait to Nigeria Boost OPEC Crude Production. Oil halted its longest run of gains this year as Kuwait and Nigeria helped boost crude production from OPEC, exacerbating a global glut. Futures lost as much as 1.7 percent in New York after earlier rising as much as 1.7 percent. Output from the Organization of Petroleum Exporting Countries climbed to 33.11 million barrels a day in January as Iran pumped a further 60,000 barrels a day, according to data compiled by Bloomberg. China’s purchasing managers index dropped to 49.4 in January, the National Bureau of Statistics said Monday. Numbers below 50 indicate deterioration.
  • BofA Says Sharp Yuan Devaluation Will Depress Commodity Prices. A depreciation of 1 percent in the Chinese yuan leads to a decline of 0.6 percent in commodity prices, according to Bank of America Corp. This relationship with the currency is the strongest for commodities such as copper and platinum, of which China is the world’s dominant consumer, the U.S. bank’s strategists wrote in a report dated Jan. 25. A cheaper yuan will erode the purchasing power of the Chinese, pushing prices down and outweighing any benefit from easier financial conditions that a devaluation may bring, they said.
  • Singer, Griffin Give Combined $5 Million to Super-PAC Backing Rubio. Rubio also scored some Bush defectors.
Wall Street Journal:
  • Oil-Price Poker: Why the Saudis Won’t Fold ‘Em. Don’t underestimate the impact of Middle East politics. The game being played in the global oil market today bears more than a passing resemblance to poker. Nobody wants to quit while they’re losing. That is important for investors to keep in mind as they ponder what have become almost daily spikes and drops in the price of crude. So, too, is the role of Saudi Arabia in the game.
  • Trump and the Obama Power Temptation. A history of using lawsuits or government to silence critics and rivals raises the question: How would he behave in office? Of all the Republicans campaigning in Iowa, perhaps none is campaigning harder than Ben Sasse, a Republican senator from Nebraska. Mr. Sasse isn’t running for president. He’s running against Donald Trump. The particular focus of his opposition deserves a lot more attention
  • Medals for U.S. Humiliation. Iran honors the commanders who captured U.S. sailors. In other news from the receding tide of war, the Ayatollah Ali Khamenei has given medals to the Iranian Revolutionary Guards who recently captured and humiliated American sailors. Iran state media reported Sunday that the Supreme Leader had awarded the Fath, or Victory, medal to the head of the Revolutionary Guards navy and four commanders who were involved in seizing two U.S. Navy boats in January. The two patrol boats were seized after they somehow entered Iran’s territorial waters. The Pentagon hasn’t publicly...
 MarketWatch:  Zero Hedge:  Business Insider:
New York Post:
  • ‘This was all planned’: Former IG says Hillary, State Dept. are lying. The State Department is lying when it says it didn’t know until it was too late that Hillary Clinton was improperly using personal e-mails and a private server to conduct official business — because it never set up an agency e-mail address for her in the first place, the department’s former top watchdog says. “This was all planned in advance” to skirt rules governing federal records management, said Howard J. Krongard, who served as the agency’s inspector general from 2005 to 2008.
Washington Post:
  • Mid-tier Chinese banks piling up trillions of dollars in shadow loans. Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the scale and risks of their lending to China's slowing economy. The size of this 'shadow loan' book rose by a third in the first half of 2015 to an estimated $1.8 trillion, equivalent to 16.5 percent of all commercial loans in China, a UBS analysis shows. For smaller banks, the rate is much faster.
  • Moody's sees higher costs for Australian banks on mining downturn. Ratings agency Moody's Investors Service said on Monday it expects credit costs to increase "moderately" for Australian banks as a deep downturn in the resources sector aggravates macroeconomic risks. Moody's said regions and sectors most exposed to mining are starting to see some signs of stress and while Australian banks' direct exposure to the resources sector was relatively low, they faced "high second-order risks".
 Financial Times:
  • Gilead(GILD) risks becoming victim of its own success. During the past two years, Gilead, a California-based drugmaker, has emerged as the undisputed leader of the four large US biotech companies. Its hepatitis C medicines, Harvoni and Sovaldi, set a new record for the most successful drug launch, thanks in part to a contentious price tag that works out at roughly $1,000 per pill.
 The Times of India:
  • ISIS Yazidi sex slaves subjected to traumatic 'virginity tests' after escaping. Yazidi women and girls who manage to escape ISIS after being captured as sex slaves have been undergoing traumatic "virginity tests" to prove they were abused. Human Rights Watch interviewed victims who survived organised rape, captivity and forced marriage only to be subjected to the "abusive" examinations after believing they had reached safety in Iraqi Kurdistan. Rothna Begum, a researcher at the group's women's rights division, said she spoke to a woman called Luna who had been kidnapped by ISIS as the group swept through northern Iraq in 2014, sold four times and raped by all her "owners". She was one of hundreds of Yazidi women and girls believed to have since undergone painful "virginity tests" as a method of proving the rapes to Iraqi officials documenting ISIS crimes.
Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 152.0 -.5 basis point.
  • Asia Pacific Sovereign CDS Index 76.75 +3.5 basis points.
  • Bloomberg Emerging Markets Currency Index 68.18 +.05%.
  • S&P 500 futures -.12%.
  • NASDAQ 100 futures -.09%.
Morning Preview Links

Earnings of Note
  • (AET)/1.22
  • (CAH)/1.26
  • (SOHU)/-.42
  • (SYY)/.41
  • (AFL)/1.48
  • (GOOG)/8.09
  • (APC)/-1.07
  • (BRCM)/.71
  • (IDTI)/.35
  • (MAT)/.61
  • (TSO)/2.09
Economic Releases
8:30 am EST
  • Personal Income for December is estimated to rise +.2% versus a +.3% gain in November.
  • Personal Spending for December is estimated to rise +.1% versus a +.3% gain in November.
  • Real Personal Spending for December is estimated to rise +.1% versus a +.3% gain in November.
  • The PCE Core MoM for December is estimated to rise +.1% versus a +.1% gain in November.
9:45 am EST
  • Final Markit US Manufacturing PMI for January is estimated at 52.7 versus a prior estimate of 52.7.
10:00 am EST
  • ISM Manufacturing for January is estimated to rise to 48.4 versus 48.2 in December.
  • ISM Prices Paid for January is estimated to rise to 35.0 versus 33.5 in December.
  • Construction Spending MoM for December is estimated to rise +.6% versus a -.4% decline in November.
Upcoming Splits
  • (AFSI) 2-for-1
Other Potential Market Movers
  • The Bank of Australia rate decision and the Eurozone PMI report could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the week.

Weekly Outlook

Week Ahead by Bloomberg.
Wall St. Week Ahead by Reuters.
Weekly Economic Calendar by

BOTTOM LINE: I expect US stocks to finish the week mixed as earnings outlook concerns, rising European/Emerging Markets/US High-Yield debt angst and commodity weakness offset short-covering, yen weakness and central bank hopes. My intermediate-term trading indicators are giving neutral signals and the Portfolio is 50% net long heading into the week.

Saturday, January 30, 2016

Today's Headlines

  • Trauma Lingers as Stocks' Worst January Since 2009 Incites Angst. (video) Maybe the best thing you can say about the worst January for stocks in seven years is that an excess of optimism won’t be a problem for equities in 2016. Even with the Standard & Poor’s 500 Index’s rebound in the final two weeks, it wasn’t enough to reverse a selloff that at its lowest point erased $2.5 trillion from American shares. It could’ve been worse. After tumbling to a 21-month low, the benchmark ended the month with its biggest one-day rally since September to trim the monthly loss to 5.1 percent. “The question is: Do we get it all washed out in January and then move on, or is it a harbinger of doom to come? I don’t know if I have a great answer either way,” Gina Martin Adams, equity strategist at Wells Fargo Securities LLC, said by phone. “A significant portion of upside equity returns usually do happen in November, December and January, so to lose the performance in January puts pressure on later this year.”
  • BOJ Shock Heralds Currency War Return as Yen Drops Most in Year. (video) The yen dropped the most in more than a year after Bank of Japan Governor Haruhiko Kuroda unexpectedly adopted negative interest rates, risking another round of competitive devaluations. The currency fell against all 16 of its major peers after Japan’s central bank voted 5-4 to apply an interest rate of minus 0.1 percent to current accounts held at the central bank. The surprise move prompted Morgan Stanley to remove its yen trading strategies for now, according to a research note from the bank.
  • Russia’s Great Shift Downward. Putin has shown little interest in changing the economic model. For Russia’s battered economy, 2016 already looks miserable. The ruble has slumped to record lows as oil prices have fallen 11 percent since Jan. 1, to around $30 a barrel. The government, which gets nearly half its revenue from oil and gas, is scrambling to plug a 1.5 trillion-ruble ($19.2 billion) hole in its budget. The International Monetary Fund forecasts the economy will shrink 1 percent this year, after contracting 3.7 percent in 2015. The situation has created “an atmosphere of extreme nervousness,” Economy Minister Alexei Ulyukayev told President Vladimir Putin in a meeting on Jan. 26, according to a transcript released by the Kremlin
  • Iran Cancels London Summit for New Oil Deals. Iran canceled a London conference to promote new contracts for global oil companies, two weeks after economic sanctions were lifted, because the British government hasn’t been able to issue visas for Iranians to travel, an official told the weekly Iranian magazine Seda. The ministry spent the past two years working on a new model contract, in which fees paid to international companies will be linked to the oil price and determined on a sliding scale, with riskier developments paying more.
  • Birchbox Cuts 15% of Staff Amid Tech Startup Belt-Tightening. Birchbox Inc., a startup that sells subscriptions for personalized beauty samples, said it’s cutting 15 percent of staff and suspending operations in Canada. The cutbacks, which affect 45 people out of a staff of 300, are the latest sign that technology startups are struggling to create sustainable businesses as venture funding begins to cool. “The cuts made today will allow us to reinvest in our biggest opportunities and grow even more quickly in the future,” Birchbox co-founder and Chief Executive Officer Katia Beauchamp said in a statement. "Our vision for Birchbox has always been to build a standalone company, and today’s market demands that we reach profitability this year."
Wall Street Journal:
  • Turkey Says Russia Violated Its Airspace Again. Turkey summons Russian envoy, issues warning to Moscow. Turkey said Saturday that a Russian warplane breached its airspace, accusing Moscow of seeking to escalate tensions and warning of consequences two months after Turkish F-16s downed a Russian jet for violating its territory from Syria.
  • The U.S. Has No Global Strategy. The former defense secretary on U.S. gains forfeited in Iraq, America’s rudderless foreign policy and the ‘completely unrealistic’ Donald Trump. Many Americans probably had misgivings when U.S. troops were withdrawn from Iraq in 2011, but even the most pessimistic must be surprised at how quickly things went south. Turn on the TV news: Western Iraq, including the Sunni triangle that the U.S. once worked so hard to pacify, is in the hands of a terrorist group, Islamic...
  • Germany, Car Makers Near a Plan to Give Electric Vehicles a Boost. Heads of Volkswagen, BMW and Daimler to meet with Chancellor Merkel next week. German Chancellor Angela Merkel’s government and the top brass of car makers Volkswagen AG, BMW AG, and Daimler AG are nearing agreement on a plan to charge up the country’s sluggish market for electric vehicles by providing a combination of cash incentives and massive expansion of charging stations.
  • Had bullish commentary on (C), (JPM), (BAC), (CTRP), (VIAB) and (FELE).
Fox News:
  • Official: Some Clinton emails 'too damaging' to release. (video) The intelligence community has deemed some of Hillary Clinton’s emails “too damaging" to national security to release under any circumstances, according to a U.S. government official close to the ongoing review. A second source, who was not authorized to speak on the record, backed up the finding. The determination was first reported by Fox News, hours before the State Department formally announced Friday that seven email chains, found in 22 documents, will be withheld “in full” because they, in fact, contain “Top Secret” information.
Zero Hedge:
  • 2016's "Biggest Risk": Markets Will "Need To Panic" To Wake Up "Impotent" Policymakers. In addition to the risk of a deeper profit recession, there is no doubt the recent sell-off has been exacerbated by policy impotence; the sense that policy-makers have little solution for global demand deficiency. A weak, disjointed recovery may also be threatened by the political shift toward capital controls in China, border controls in Europe and the US, as well as more aggressive redistributive taxation at a time of ongoing fiscal austerity.
Business Insider:
  • RAY DALIO: The 75-year debt supercycle is coming to an end. He's worried that one of the fixed constants of economics — the ability of central banks to stimulate economic growth through lowering the cost of debt — is coming to an end. What I am contending is that there are limits to spending growth financed by a combination of debt and money. When these limits are reached, it marks the end of the upward phase of the long-term debt cycle. In 1935, this scenario was dubbed "pushing on a string."
  • Trump may not have done his homework in Iowa — and it could cost him. Trump could hand Ted Cruz or Marco Rubio a victory in Iowa because he believes it when he says he could shoot someone right in the middle of Fifth Avenue and not lose a single voter. That arrogance, which has fed off his remarkable success in recent months, has convinced the New York billionaire that he does not have to do the grunt work required of lesser mortals who want to win the nation’s first election showdown – and it might well do him in. Data points:

Friday, January 29, 2016

Market Week in Review

  • S&P 500 1,940.19 +1.74%
 photo bty_zps9r2gqqbd.png

The Weekly Wrap by  

 *5-Day Change

Weekly Scoreboard*

  • S&P 500 1,940.19 +1.74%
  • DJIA 16,466.30 +2.32%
  • NASDAQ 4,613.95 +.50%
  • Russell 2000 1,035.36 +1.44%
  • S&P 500 High Beta 25.68 +2.07%
  • Goldman 50 Most Shorted 87.81 -.37% 
  • Wilshire 5000 19,880.70 +1.66%
  • Russell 1000 Growth 943.47 +.83%
  • Russell 1000 Value 913.50 +2.58%
  • S&P 500 Consumer Staples 520.74 +3.18%
  • Solactive US Cyclical 112.61 +2.01%
  • Morgan Stanley Technology 984.33 -.42%
  • Transports 6,906.76 +1.89%
  • Utilities 611.35 +3.77%
  • Bloomberg European Bank/Financial Services 84.55 -1.4%
  • MSCI Emerging Markets 30.25 +4.24%
  • HFRX Equity Hedge 1,091.20 +.09%
  • HFRX Equity Market Neutral 1,033.76 -.58%
  • NYSE Cumulative A/D Line 222,065 +1.19%
  • Bloomberg New Highs-Lows Index -477 +225
  • Bloomberg Crude Oil % Bulls 27.8 +42.9%
  • CFTC Oil Net Speculative Position 205,710 +14.68%
  • CFTC Oil Total Open Interest 1,761,883 +4.48%
  • Total Put/Call .90 -18.18%
  • OEX Put/Call .83 -81.10%
  • ISE Sentiment 107.0 +35.44%
  • NYSE Arms .53 -53.73%
  • Volatility(VIX) 20.18 -9.58%
  • S&P 500 Implied Correlation 61.11 -3.75%
  • G7 Currency Volatility (VXY) 10.08 -.59%
  • Emerging Markets Currency Volatility (EM-VXY) 12.06 unch.
  • Smart Money Flow Index 17,198.52 +.12%
  • ICI Money Mkt Mutual Fund Assets $2.757 Trillion +.50%
  • ICI US Equity Weekly Net New Cash Flow -$4.895 Billion
  • AAII % Bulls 29.8 +38.2%
  • AAII % Bears 40.0 -18.0%
Futures Spot Prices
  • CRB Index 166.75 +1.80%
  • Crude Oil 33.59 +4.22%
  • Reformulated Gasoline 110.31 +1.87%
  • Natural Gas 2.31 +8.26%
  • Heating Oil 105.51 +5.77%
  • Gold 1,117.30 +1.79%
  • Bloomberg Base Metals Index 135.70 +2.32%
  • Copper 206.05 +2.92%
  • US No. 1 Heavy Melt Scrap Steel 167.33 USD/Ton unch.
  • China Iron Ore Spot 41.72 USD/Ton -1.14%
  • Lumber 240.40 +2.93%
  • UBS-Bloomberg Agriculture 1,023.35 -.98%
  • ECRI Weekly Leading Economic Index Growth Rate -2.2% -30.0 basis points
  • Philly Fed ADS Real-Time Business Conditions Index -.3013 +9.25%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 123.56 -.72%
  • Citi US Economic Surprise Index -47.10 -3.6 points
  • Citi Eurozone Economic Surprise Index -25.10 -19.3 points
  • Citi Emerging Markets Economic Surprise Index -3.8 +4.2 points
  • Fed Fund Futures imply 86.0% chance of no change, 14.0% chance of 25 basis point hike on 3/16
  • US Dollar Index 99.56 +.02%
  • MSCI Emerging Markets Currency Index 1,428.04 +.30%
  • Euro/Yen Carry Return Index 137.05 +2.31%
  • Yield Curve 115.0 -4.0 basis points
  • 10-Year US Treasury Yield 1.93% -12.0 basis points
  • Federal Reserve's Balance Sheet $4.444 Trillion -.14%
  • U.S. Sovereign Debt Credit Default Swap 20.87 -.84%
  • Illinois Municipal Debt Credit Default Swap 301.0 -1.85%
  • Western Europe Sovereign Debt Credit Default Swap Index 21.32 +10.86%
  • Asia Pacific Sovereign Debt Credit Default Swap Index 76.81 +2.52%
  • Emerging Markets Sovereign Debt CDS Index 192.24 -3.36%
  • Israel Sovereign Debt Credit Default Swap 80.50 -15.16%
  • Iraq Sovereign Debt Credit Default Swap 1,064.61 -8.16%
  • Russia Sovereign Debt Credit Default Swap 331.74 -4.54%
  • iBoxx Offshore RMB China Corporates High Yield Index 122.42 +.29%
  • 10-Year TIPS Spread 1.41% +7.0 basis points
  • TED Spread 29.75 -5.5 basis points
  • 2-Year Swap Spread 6.75 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -22.5 +.75 basis point
  • N. America Investment Grade Credit Default Swap Index 101.87 -2.97%
  • America Energy Sector High-Yield Credit Default Swap Index 1,929.0 +6.53%
  • European Financial Sector Credit Default Swap Index 91.49 +2.54%
  • Emerging Markets Credit Default Swap Index 368.67 -2.15%
  • CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 165.0 +5.0 basis points
  • M1 Money Supply $3.077 Trillion -.49%
  • Commercial Paper Outstanding 1,061.40 +.90%
  • 4-Week Moving Average of Jobless Claims 283,000 -2,000
  • Continuing Claims Unemployment Rate 1.7% +10.0 basis points
  • Average 30-Year Mortgage Rate 3.79% -2.0 basis points
  • Weekly Mortgage Applications 472.80 +8.81%
  • Bloomberg Consumer Comfort 44.6 +.6 point
  • Weekly Retail Sales +1.40% -20.0 basis points
  • Nationwide Gas $1.81/gallon -.04/gallon
  • Baltic Dry Index 325.0 -8.19%
  • China (Export) Containerized Freight Index 785.11 n/a
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.50 -27.8%
  • Rail Freight Carloads 253,134 -4.03%
Best Performing Style
  • Mid-Cap Value +2.0%
Worst Performing Style
  • Small-Cap Growth -1.0%
Leading Sectors
  • Gold & Silver +12.2%
  • Gaming +11.1%
  • Steel +7.9%
  • Hospitals +6.3%
  • Oil Service +6.0%
Lagging Sectors
  • Networking -1.6% 
  • 3D Printing -2.1%
  • Education -3.0%
  • HMOs -3.8%
  • Biotech -7.8%
Weekly High-Volume Stock Gainers (13)
Weekly High-Volume Stock Losers (17)
Weekly Charts
*5-Day Change