Sunday, July 25, 2021

Monday Watch

Today's Headlines
Bloomberg:                             
Wall Street Journal:
Fox News:  
CNBC:
Zero Hedge: 
MarketWatch.com:             
NewsMax:
TheGatewayPundit.com:
Night Trading
  • Asian indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 85.25 -.25 basis point.
  • China Sovereign CDS 38.0 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 59.72 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 2,890.0 +4.0 points.
  • Volatility Index(VIX) futures 20.70 +1.6%. 
  • Euro Stoxx 50 futures -.39%.
  • S&P 500 futures -.21%.
  • NASDAQ 100 futures +.01%

Earnings of Note
Company/Estimate

Before the Open:
  • (CHKP)/1.56
  • (HAS)/.47
  • (LII)/4.41
  • (LMT)/6.52
  • (OTIS)/.72
After the Close:
  • (BRO)/.40
  • (CDNS)/.76
  • (CR)/1.39
  • (FFIV)/2.46
  • (LOGI)/1.07
  • (PKG)/1.77
  • (TSLA)/.98
  • (UHS)/2.69
Economic Releases
10:00 am EST
  • New Home Sales for June is estimated to rise to 800K versus 769K in May.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for July is estimated to rise to 32.5 versus 31.1 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German IFO Business Climate Index and the $60B 2Y T-Note auction could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly lower and to rally nto the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

Saturday, July 24, 2021

Today's Headlines

Bloomberg:                
Wall Street Journal:
CNBC:
  • Had bullish commentary on (WH), (HLT), (RCL), (TNL), (MGP), (HST), (ABNB), (NFLX) and (TRIP).
MarketWatch.com:         
Fox News:
Newsmax: 
Zero Hedge:
TheGatewayPundit.com:

Friday, July 23, 2021

Evening Headlines

Bloomberg:                

Wall Street Journal:
CNBC:
IG:
MarketWatch.com:          
Fox News:
Newsmax: 
Zero Hedge:
TheGatewayPundit.com:

Weekly Scoreboard*


S&P 500 4,410.92 +1.8%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 35,055.0 +1.1%
  • NASDAQ 14,825.64 +2.6%
  • Russell 2000 2,200.72 +1.7%
  • S&P 500 High Beta 71.69 +2.4%
  • Goldman 50 Most Shorted 323.85 +3.3%
  • Wilshire 5000 45,744.0 +2.0%
  • Russell 1000 Growth 2,859.30 +3.1%
  • Russell 1000 Value 1,564.67 +.9%
  • S&P 500 Consumer Staples 737.24 +.1%
  • MSCI Cyclicals-Defensives Spread 1,429.07 +1.0%
  • NYSE Technology 4,208.23 +3.8%
  • Transports 14,756 +1.9%
  • Utilities 901.77 -1.8%
  • Bloomberg European Bank/Financial Services 70.78 +1.7%
  • MSCI Emerging Markets 52.43 -1.9%
  • HFRX Equity Hedge 1,437.32 +.24%
  • HFRX Equity Market Neutral 933.43 -.08%
Sentiment/Internals
  • NYSE Cumulative A/D Line 476,217 -.24%
  • Bloomberg New Highs-Lows Index 162 +337
  • Crude Oil Commercial Bullish % Net Position -40.0 +.%
  • CFTC Oil Net Speculative Position 499,096 +.35%
  • CFTC Oil Total Open Interest 2,413,536 -.02%
  • Total Put/Call .81 -16.8%
  • OEX Put/Call 1.92 -24.3%
  • ISE Sentiment 121.0 +37.0 points
  • NYSE Arms 2.48 +49.7
  • Bloomberg Global Risk-On/Risk-Off Index 2,872.0 -54.0 points
  • Bloomberg Financial Conditions Index + Bubbles 3.56 +.83% 
  • Volatility(VIX) 17.3 -7.6%
  • S&P 500 Implied Correlation 50.0 -5.8%
  • G7 Currency Volatility (VXY) 6.1 +1.5%
  • Emerging Markets Currency Volatility (EM-VXY) 8.6 +2.6%
  • Smart Money Flow Index 14,920.36 +.94%
  • ICI Money Mkt Mutual Fund Assets $4.487 Trillion +.16%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +1.278 Million
  • AAII % Bulls 30.6 -15.5%
  • AAII % Bears 30.6 +14.2%
Futures Spot Prices
  • CRB Index 216.43 +1.8%
  • Crude Oil 72.0 +.5%
  • Reformulated Gasoline 228.68 +1.6%
  • Natural Gas 4.04 +9.7%
  • Heating Oil 213.42 +1.4%
  • Gold 1,801.64 -.59%
  • Silver 25.20 -1.8%
  • S&P GSCI Industrial Metals Index 461.58 -.02%
  • Copper 440.70 +1.4%
  • US No. 1 Heavy Melt Scrap Steel 492.0 USD/Metric Tonne -.2%
  • China Iron Ore Spot 196.25 USD/Metric Tonne -8.4%
  • Lumber 649.0 +23.7%
  • UBS-Bloomberg Agriculture 1,261.17 +.4%
  • US Gulf NOLA Potash Spot 550.0 USD/Short Ton +1.9%
Economy
  • Atlanta Fed GDPNow Forecast +7.6% +.1 percentage points
  • ECRI Weekly Leading Economic Index Growth Rate +12.7% -1.4 percentage points
  • Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  • NY Fed Real-Time Weekly Economic Index +8.73 +1.63%
  • US Economic Policy Uncertainty Index 107.52 -18.3%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 204.82 +.75%
  • Citi US Economic Surprise Index 8.7 -11.2 points
  • Citi Eurozone Economic Surprise Index 65.2 -8.8 points
  • Citi Emerging Markets Economic Surprise Index 56.5 -7.2 points
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 7/28
  • US Dollar Index 92.92 +.24%
  • MSCI Emerging Markets Currency Index 1,725.40 -.27%
  • Bitcoin/USD 32,105.0 +2.4%
  • Euro/Yen Carry Return Index 134.42 +.06%
  • Yield Curve 101.0 -7.0 basis points
  • 10-Year US Treasury Yield 1.29% -1.0 basis point
  • Federal Reserve's Balance Sheet $8.202 Trillion +.48%
  • U.S. Sovereign Debt Credit Default Swap 9.33 +.05%
  • Illinois Municipal Debt Credit Default Swap 115.48 -4.1%
  • Italian/German 10Y Yld Spread 104.0 -2.0 basis points
  • China Sovereign Debt Credit Default Swap 38.5 +3.9%
  • Brazil Sovereign Debt Credit Default Swap 173.0 -1.3%
  • Israel Sovereign Debt Credit Default Swap 40.7 +.8%
  • South Korea Sovereign Debt Credit Default Swap 18.9 +.9%
  • Russia Sovereign Debt Credit Default Swap 86.03 -.48%
  • China Corp. High-Yield Bond USD ETF(KCCB) 38.79 -.62%
  • 10-Year TIPS Spread 2.35% +1.0 basis point
  • TED Spread 8.0 -1.25 basis points
  • 2-Year Swap Spread 8.5 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -5.5 -1.25 basis points
  • N. America Investment Grade Credit Default Swap Index 48.36 -3.25%
  • America Energy Sector High-Yield Credit Default Swap Index 313.0 +8.0%
  • European Financial Sector Credit Default Swap Index 53.81 -2.4%
  • Emerging Markets Credit Default Swap Index 160.94 -.73%
  • MBS 5/10 Treasury Spread 72.5 +1.25 basis points
  • Markit CMBX BBB-6 73.5 -.25 basis point
  • M2 Money Supply YoY % Change 13.8 unch.
  • Commercial Paper Outstanding 1,132.40 +.2%
  • 4-Week Moving Average of Jobless Claims 385,250 +2,750 jobs
  • Continuing Claims Unemployment Rate 2.4% unch.
  • Average 30-Year Mortgage Rate 2.78% -10.0 basis points
  • Weekly Mortgage Applications 698,300 -4.0%
  • Langer Consumer Comfort 51.5 -.7 point
  • Weekly Retail Sales +13.5% +3.4 percentage points
  • Nationwide Gas $3.16/gallon unch.
  • Baltic Dry Index 3,103 +2.11%
  • China (Export) Containerized Freight Index 2,771.54 unch.
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 unch.
  • Truckstop.com Market Demand Index 149.43 -5.9%
  • Rail Freight Carloads 277,952 +15.1%
  • Covid-19:  93 infections/100K people(last 7 days) +26/100K people
  • Covid-19:  17% of Jan. 7th,2021 peak +4.0 percentage points
Best Performing Style
  • Mid-Cap Growth +4.1%
Worst Performing Style
  • Small-Cap Value +.5%
Leading Sectors
  • Homebuilders +7.4%
  • Restaurants +5.9%
  • Internet +4.7%
  • Gaming +3.9%
  • Retail +3.7%
Lagging Sectors
  • Gold & Silver -1.2%
  • Energy -1.4%
  • Tobacco -1.5%
  • Utilities -1.8%
  • Shipping -2.0%
Weekly High-Volume Stock Gainers (17)
  • NRXP, SNAP, ARVN, AMEH, ROKU, ORMP, RHI, CLPT, FUV, SKX, AGFY, FB, PINS, CANO, MRNA, DYN and TWTR
Weekly High-Volume Stock Losers (6)
  • CCK, PTRA, ARR, SHLX, SSB and INMB
ETFs
Stocks
*5-Day Change