Thursday, December 31, 2020

Evening Headlines

Bloomberg:              
Wall Street Journal: 
CNBC:
MarketWatch.com:      
Fox News:
Newsmax:
Zero Hedge:
The Epoch Times:
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com:

Weekly Scoreboard*

S&P 500 3,747.63 +1.13% 
 
The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 30,597.20 +.83%
  • NASDAQ 12,885.66 +.53%
  • Russell 2000 1,980.71 -1.52%
  • S&P 500 High Beta 56.87 +.84%
  • Goldman 50 Most Shorted 235.69 -5.6%
  • Wilshire 5000 39,163.73 +.54%
  • Russell 1000 Growth 2,421.52 +.76%
  • Russell 1000 Value 1,347.70 +.79%
  • S&P 500 Consumer Staples 694.86 +.68%
  • MSCI Cyclicals-Defensives Spread 1,381.83 +.21%
  • NYSE Technology 3,708.43 +1.05%
  • Transports 12,501.41 -.33%
  • Utilities 860.17 +1.47%
  • Bloomberg European Bank/Financial Services 59.23 +2.16%
  • MSCI Emerging Markets 51.72 +2.47%
  • HFRX Equity Hedge 1,325.24 +.41%
  • HFRX Equity Market Neutral 918.70 -.02%
Sentiment/Internals
  • NYSE Cumulative A/D Line 443,322 +.39%
  • Bloomberg New Highs-Lows Index 794 -157
  • Crude Oil Commercial Bullish % Net Position -44.45 unch.
  • CFTC Oil Net Speculative Position 525,702 +2.32%
  • CFTC Oil Total Open Interest 2,120,797 -1.57%
  • Total Put/Call .81 unch.
  • OEX Put/Call 1.12 -8.8%
  • ISE Sentiment 113.0 +1.0 point
  • NYSE Arms 1.43 +145.95
  • Bloomberg Global Risk-On/Risk-Off Index 1,492.0 +148.0 points
  • Volatility(VIX) 22.6 -2.0%
  • S&P 500 Implied Correlation 48.21 +1.88%
  • G7 Currency Volatility (VXY) 7.1 +.71%
  • Emerging Markets Currency Volatility (EM-VXY) 10.76 +3.2%
  • Smart Money Flow Index 13,341.58 -1.64%
  • ICI Money Mkt Mutual Fund Assets $4.289 Trillion -1.25%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$7.535 Million
  • AAII % Bulls 46.1 +5.8%
  • AAII % Bears 26.8 +21.9%
Futures Spot Prices
  • CRB Index 167.80 +1.06%
  • Crude Oil 48.42 +.08%
  • Reformulated Gasoline 140.84 +1.55%
  • Natural Gas 2.54 -3.95%
  • Heating Oil 147.63 -1.64%
  • Gold 1,901.20 -.76%
  • Bloomberg Base Metals Index 210.07 -1.18%
  • Copper 363.40 +2.74%
  • US No. 1 Heavy Melt Scrap Steel 423.0 USD/Metric Tonne -.94%
  • China Iron Ore Spot 158.41 USD/Metric Tonne -1.12%
  • Lumber 866.0 -.53%
  • UBS-Bloomberg Agriculture 1,047.11 +4.76%
Economy
  • Atlanta Fed GDPNow Forecast +10.4% -.61 percentage point
  • ECRI Weekly Leading Economic Index Growth Rate +15.2% +.7 percentage point
  • Bloomberg US Recession Probability Next 12 Months 20.0% unch.
  • NY Fed Real-Time Weekly Economic Index -1.32 +32.31%
  • US Economic Policy Uncertainty Index 246.04 +33.6%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 165.97 +.59%
  • Citi US Economic Surprise Index 48.2 -1.8 points
  • Citi Eurozone Economic Surprise Index 188.5 -11.7 points
  • Citi Emerging Markets Economic Surprise Index 69.9 -.7 point
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 1/27
  • US Dollar Index 89.93 -.41%
  • MSCI Emerging Markets Currency Index 1,720.12 +.54%
  • Bitcoin/USD 28,932.0 +23.2%
  • Euro/Yen Carry Return Index 130.47 -.19%
  • Yield Curve 80.75 -1.0 basis point
  • 10-Year US Treasury Yield .91% -1.0 basis point
  • Federal Reserve's Balance Sheet $7.364 Trillion +.56%
  • US Sovereign Debt Credit Default Swap 14.18 -.35%
  • Illinois Municipal Debt Credit Default Swap 322.75 -.05%
  • Italian/German 10Y Yld Spread 111.0 -3.0 basis points
  • China Sovereign Debt Credit Default Swap 27.93 -1.94%
  • Brazil Sovereign Debt Credit Default Swap 143.0 -2.2%
  • Israel Sovereign Debt Credit Default Swap 46.22 unch.
  • South Korea Sovereign Debt Credit Default Swap 21.98 -1.12%
  • Russia Sovereign Debt Credit Default Swap 85.41 -6.2%
  • iBoxx Offshore RMB China Corporate High Yield Index 184.38 +.30%
  • 10-Year TIPS Spread 1.99% +3.0 basis points
  • TED Spread 17.0 +1.25 basis points
  • 2-Year Swap Spread 7.75 -1.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.5 +19.0 basis points
  • N. America Investment Grade Credit Default Swap Index 50.30 -1.89%
  • America Energy Sector High-Yield Credit Default Swap Index 417.0 +.26%
  • European Financial Sector Credit Default Swap Index 58.76 +.25%
  • Emerging Markets Credit Default Swap Index 150.82 -4.41%
  • MBS 5/10 Treasury Spread 71.5 -3.0 basis points
  • Markit CMBX BBB-6 73.13 +.65%
  • M1 Money Supply $6.742 Trillion +2.39%
  • Commercial Paper Outstanding 1,029.60 +3.2%
  • 4-Week Moving Average of Jobless Claims 836,750 +2.2%
  • Continuing Claims Unemployment Rate 3.6% -10.0 basis points
  • Average 30-Year Mortgage Rate 2.67% +1.0 basis point
  • Weekly Mortgage Applications 863,900 +.77%
  • Bloomberg Consumer Comfort 44.6 -2.4 points
  • Weekly Retail Sales +5.0% +130.0 basis points
  • Nationwide Gas $2.21/gallon +.05/gallon
  • Baltic Dry Index 1,366 +5.0%
  • China (Export) Containerized Freight Index 1,577.20 +5.94%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.50 unch.
  • Truckstop.com Market Demand Index 121.16 +10.9%
  • Rail Freight Carloads 220,082 -24.0%
Best Performing Style
  • Large-Cap Value +.8%
Worst Performing Style
  • Small-Cap Growth -2.7%
Leading Sectors
  • Airlines +2.2%
  • Semis +2.2%
  • Papers +1.8%
  • Disk Drives +1.8%
  • Pharma +1.6%
Lagging Sectors
  • Internet -2.3%
  • Digital Health -2.5%
  • Homebuliding -2.6%
  • Biotech -4.1%
  • Alt Energy -4.5%
Weekly High-Volume Stock Gainers (11)
  • BTBT, CELH, MAXR, AVID, ODT, EIGR, ELF, BEEM, DXC, MU and FLGT
Weekly High-Volume Stock Losers (9)
  • SNOW, BGS, RVMD, BBBY, VLDR, WGO, STMP, GOEV, EXPI, OPEN, BLI and NVTA
ETFs
Stocks
*5-Day Change

Stocks Reversing Modestly Higher into Final Hour on Year-End Window Dressing, Stimulus Hopes, Technical Buying, Financial/Utility Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Light
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 23.0 +.9%
  • Bloomberg Global Risk On/Risk Off Index 1,458.0 +13.0 points
  • Euro/Yen Carry Return Index 130.52 -.6%
  • Emerging Markets Currency Volatility(VXY) 10.8 +.6%
  • S&P 500 Implied Correlation 47.7 -1.1%
  • ISE Sentiment Index 113.0 -18.0 points
  • Total Put/Call .83 +2.5%
  • NYSE Arms 1.54 +.73%
Credit Investor Angst:
  • North American Investment Grade CDS Index 50.23 -2.02%
  • US Energy High-Yield OAS 558.98 -.13%
  • European Financial Sector CDS Index 59.05 +.37%
  • Italian/German 10Y Yld Spread 111.0 unch.
  • Asia Ex-Japan Investment Grade CDS Index 56.87 -.22%
  • Emerging Market CDS Index 150.83 -1.15%
  • iBoxx Offshore RMB China Corporate High Yield Index 184.38 +.05%
  • 2-Year Swap Spread 7.75 +.25 basis point
  • TED Spread 17.0 +1.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.25 +.25 basis point
  • MBS  5/10 Treasury Spread  71.0 -1.25 basis points
  • IHS Markit CMBX BBB- 6 73.25 unch.
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 62.98 +.21%
  • 3-Month T-Bill Yield .06% -2.0 basis points
  • Yield Curve 80.75 unch.
  • China Iron Ore Spot 156.0 USD/Metric Tonne -1.46%
  • Citi US Economic Surprise Index 48.20 +.4 point
  • Citi Eurozone Economic Surprise Index 188.50 -2.0 points
  • Citi Emerging Markets Economic Surprise Index 69.90 -.5 point
  • 10-Year TIPS Spread 1.99 +3.0 basis points
  • 100.0% chance of no change at March 17th meeting, 100.0% chance of no change at April 28th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +106 open in Japan 
  • China A50 Futures: Indicating -62 open in China
  • DAX Futures: Indicating +28 open in Germany
Portfolio:
  • Slightly Higher: On gains in my medical/consumer staple/industrial sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 75% Net Long