Friday, May 31, 2019

Weekly Scoreboard*

S&P 500 2,759.71 -2.37%
 
























The Weekly Wrap by Briefing.com.
 
Indices
  • DJIA 24,863.545 -2.55%
  • NASDAQ 7,462.20 -2.18%
  • Russell 2000 1,466.54 -2.37%
  • S&P 500 High Beta 39.17 -2.64%
  • Goldman 50 Most Shorted 142.57 -4.13%
  • Wilshire 5000 28,337.34 -2.38%
  • Russell 1000 Growth 1,490.69 -1.82%
  • Russell 1000 Value 1,2175.96 -2.78%
  • S&P 500 Consumer Staples 570.35 -3.99%
  • MSCI Cyclicals-Defensives Spread 1,087.69 +1.29%
  • NYSE Technology 1,776.25 -2.07%
  • Transports 9,753.45 -4.02%
  • Utilities 785.40 -2.94%
  • Bloomberg European Bank/Financial Services 71.43 -2.80%
  • MSCI Emerging Markets 40.67 +1.68%
  • HFRX Equity Hedge 1,207.44 -.32%
  • HFRX Equity Market Neutral 962.37 -.02%
Sentiment/Internals
  • NYSE Cumulative A/D Line 350,030 -.30%
  • Bloomberg New Highs-Lows Index -257 +160
  • Bloomberg Crude Oil % Bulls 34.8 +7.51%
  • CFTC Oil Net Speculative Position 478,398 -1.93%
  • CFTC Oil Total Open Interest 2,085,029 -3.19%
  • Total Put/Call 1.16 +20.8%
  • OEX Put/Call .33 +65.0%
  • ISE Sentiment 58.0 -17.39%
  • NYSE Arms 1.08 -9.73%
  • Volatility(VIX) 18.56 +9.75%
  • S&P 500 Implied Correlation 44.66 +10.88%
  • G7 Currency Volatility (VXY) 6.19 -1.43%
  • Emerging Markets Currency Volatility (EM-VXY) 8.58 +.82%
  • Smart Money Flow Index 14,877.37 -2.31%
  • ICI Money Mkt Mutual Fund Assets $3.148 Trillion +.57%
  • ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.221 Billion
  • AAII % Bulls 24.8 +.3%
  • AAII % Bears 40.1 +11.1%
Futures Spot Prices
  • CRB Index 175.36 -.72%
  • Crude Oil 53.47 -8.01%
  • Reformulated Gasoline 180.20 -6.58%
  • Natural Gas 2.46 -4.73%
  • Heating Oil 184.18 -6.58%
  • Gold 1,304.50 +1.68%
  • Bloomberg Base Metals Index 172.03 -1.55%
  • Copper 263.45 -1.79%
  • US No. 1 Heavy Melt Scrap Steel 299.0 USD/Metric Tonne -.33%
  • China Iron Ore Spot 97.62 USD/Metric Tonne -7.84%
  • Lumber 301.50 -5.84%
  • UBS-Bloomberg Agriculture 908.47 +5.77%
Economy
  • Atlanta Fed GDPNow Forecast +1.17% -9.0 basis points
  • ECRI Weekly Leading Economic Index Growth Rate -.3% -30.0 basis points
  • Bloomberg US Recession Probability Next 12 Months 25.0% unch.
  • Philly Fed ADS Real-Time Business Conditions Index -.1985 +6.06%
  • US Economic Policy Uncertainty Index 256.32 +89.0%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 174.84 +.15%
  • Citi US Economic Surprise Index -32.30 +7.8 points
  • Citi Eurozone Economic Surprise Index -20.30 +1.4 points
  • Citi Emerging Markets Economic Surprise Index -26.50 +1.2 points
  • Fed Fund Futures imply 81.1% chance of no change, 18.9% chance of 25 basis point cut on 6/19
  • US Dollar Index 97.86 +.24%
  • MSCI Emerging Markets Currency Index 1,615.57 -.04%
  • Bitcoin/USD 8,430.60 +4.13%
  • Euro/Yen Carry Return Index 125.86 -1.06%
  • Yield Curve 19.5 +4.0 basis points
  • 10-Year US Treasury Yield 2.15% -17.0 basis points
  • Federal Reserve's Balance Sheet $3.812 Trillion -.25%
  • U.S. Sovereign Debt Credit Default Swap 14.70 -.43%
  • Illinois Municipal Debt Credit Default Swap 130.11 -.01%
  • Italian/German 10Y Yld Spread 287.25 +20.25 basis points
  • China Sovereign Debt Credit Default Swap 58.17 +10.7%
  • Emerging Markets Sovereign Debt CDS Index 76.50 -4.35%
  • Israel Sovereign Debt Credit Default Swap 68.93 -1.51%
  • South Korea Sovereign Debt Credit Default Swap 37.16 +3.01%
  • Russia Sovereign Debt Credit Default Swap 130.71 +2.67%
  • iBoxx Offshore RMB China Corporate High Yield Index 163.23 +.13%
  • 10-Year TIPS Spread 1.75% -2.0 basis points
  • TED Spread 16.75 -1.5 basis points
  • 2-Year Swap Spread 5.0 +1.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -15.5 +2.75 basis points
  • N. America Investment Grade Credit Default Swap Index 69.48 +6.36%
  • America Energy Sector High-Yield Credit Default Swap Index 600.0 +6.42%
  • European Financial Sector Credit Default Swap Index 91.05 +4.27%
  • Emerging Markets Credit Default Swap Index 211.20 +2.01%
  • CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  • M1 Money Supply $3.773 Trillion +.38%
  • Commercial Paper Outstanding 1,084.50 +.20%
  • 4-Week Moving Average of Jobless Claims 216,750 -3,500
  • Continuing Claims Unemployment Rate 1.2% unch.
  • Average 30-Year Mortgage Rate 3.99% -7.0 basis points
  • Weekly Mortgage Applications 411.50 -3.31%
  • Bloomberg Consumer Comfort 60.8 +.5 point
  • Weekly Retail Sales +5.40% +10.0 basis points
  • Nationwide Gas $2.83/gallon -.02/gallon
  • Baltic Dry Index 1097.0 +2.72%
  • China (Export) Containerized Freight Index 798.30 -.55%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.
  • Rail Freight Carloads 268,013 -.50%
Best Performing Style
  • Mid-Cap Growth -1.0%
Worst Performing Style
  • Small-Cap Value -2.7%
Leading Sectors
  • Gold & Silver +6.0%
  • Steel +2.3%
  • Education +.8%
  • Video Gaming +.8%
  • Telecom unch.
Lagging Sectors
  • Retail -4.3% 
  • Foods -4.7%
  • Coal -4.9%
  • Paper -5.1%
  • Oil Service -6.4%
Weekly High-Volume Stock Gainers (3)
  • PLAN, MDCO and STAR
Weekly High-Volume Stock Losers (44)
  • DXC, VZ, CADE, GIII, IVZ, ALGN, MAC, BOX, GES, BX, USFD, VLO, T, LII, MMSI, JWN, BID, FBHS, ROK, GM, ALXN, TPIC, THO, AVNS, MAT, CAMP, KSU, YEXT, PLT, STZ, PII, SCWX, VWM, MOV, AYI, ZS, SYY, GPS, DELL, BOOT, CONN, NTNX, RRGB and ZUO
Weekly Charts
ETFs
Stocks
*5-Day Change

Stocks Falling into Final Hour on Mexico Tariff Concerns, China Trade Deal Fears, Oil Plunge, Homebuilding/Energy Sector Weakness

 Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Lower
  • Sector Performance: Almost Every Sector Falling
  • Volume: Around Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 18.5 +6.7%
  • Euro/Yen Carry Return Index 125.84 -.72%
  • Emerging Markets Currency Volatility(VXY) 8.58 +2.88%
  • S&P 500 Implied Correlation 44.50 +5.0%
  • ISE Sentiment Index 52.0 -47.5%
  • Total Put/Call 1.31 +20.2%
  • NYSE Arms 1.01 -18.6%
Credit Investor Angst:
  • North American Investment Grade CDS Index 69.61 +4.03%
  • America Energy Sector High-Yield CDS Index 600.0 +1.85%
  • European Financial Sector CDS Index 91.67 +2.29%
  • Italian/German 10Y Yld Spread 287.25 +4.25 basis points
  • Asia Ex-Japan Investment Grade CDS Index 78.83 +2.62%
  • Emerging Market CDS Index 211.36 +1.14%
  • iBoxx Offshore RMB China Corporate High Yield Index 163.23 +.03%
  • 2-Year Swap Spread 5.0 unch.
  • TED Spread 16.75 -1.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -15.5 +1.0 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 65.95 +.27%
  • 3-Month T-Bill Yield 2.34% -2.0 basis points
  • Yield Curve 19.5 +4.25 basis points
  • China Iron Ore Spot 97.62 USD/Metric Tonne -.74%
  • Citi US Economic Surprise Index -32.3 +1.6 points
  • Citi Eurozone Economic Surprise Index -20.30 +.6 point
  • Citi Emerging Markets Economic Surprise Index -26.50 -2.2 points
  • 10-Year TIPS Spread 1.75 unch.
  • 51.2% chance of Fed rate cut at July 31st meeting, 73.6% chance of cut at Sept. 18th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -146 open in Japan 
  • China A50 Futures: Indicating -160 open in China
  • DAX Futures: Indicating -22 open in Germany
Portfolio:
  • Slightly Higher: On gains in my index hedges
  • Disclosed Trades: None
  • Market Exposure: 25% Net Long