Friday, February 26, 2021

Evening Headlines

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

Weekly Scoreboard*


S&P 500 3,826.74 -2.29%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 31,074.40 -1.34%
  • NASDAQ 13,255.23 -4.3%
  • Russell 2000 2,203.50 -2.8%
  • S&P 500 High Beta 66.72 +1.83%
  • Goldman 50 Most Shorted 304.54 -4.3%
  • Wilshire 5000 41,391.71 -2.3%
  • Russell 1000 Growth 2,412.83 -4.3%
  • Russell 1000 Value 1,416.52 -.9%
  • S&P 500 Consumer Staples 652.28 -2.26%
  • MSCI Cyclicals-Defensives Spread 1,421.26 -2.34%
  • NYSE Technology 3,883.39 -6.6%
  • Transports 13,361.92 +.75%
  • Utilities 803.28 -5.0%
  • Bloomberg European Bank/Financial Services 66.58 +.89%
  • MSCI Emerging Markets 53.89 -5.9%
  • HFRX Equity Hedge 1,364.72 -.61%
  • HFRX Equity Market Neutral 924.52 +.09%
Sentiment/Internals
  • NYSE Cumulative A/D Line 453,757 -.37%
  • Bloomberg New Highs-Lows Index 914 +443
  • Crude Oil Commercial Bullish % Net Position -40.50 +2.98%
  • CFTC Oil Net Speculative Position 514,713 +.09%
  • CFTC Oil Total Open Interest 2,507,620 +2.49%
  • Total Put/Call .86 +15.8%
  • OEX Put/Call 1.09 +.14%
  • ISE Sentiment 97.0 -16.0 points
  • NYSE Arms 1.46 +57.8
  • Bloomberg Global Risk-On/Risk-Off Index 2,517.0 -51.0 points
  • Volatility(VIX) 26.7 +22.0%
  • S&P 500 Implied Correlation 50.50 +.88%
  • G7 Currency Volatility (VXY) 7.5 +15.6%
  • Emerging Markets Currency Volatility (EM-VXY) 10.7 +11.1%
  • Smart Money Flow Index 13,796.39 +.97%
  • ICI Money Mkt Mutual Fund Assets $4.344 Trillion +.25%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +3.518 Million
  • AAII % Bulls 45.9 -2.6%
  • AAII % Bears 23.8 -6.3%
Futures Spot Prices
  • CRB Index 190.88 +1.19%
  • Crude Oil 61.95 +5.13%
  • Reformulated Gasoline 188.0 +5.39%
  • Natural Gas 2.77 -10.1%
  • Heating Oil 186.30 +2.78%
  • Gold 1,728.10 -3.22%
  • Silver 26.45 -3.87%
  • Bloomberg Base Metals Index 241.39 +1.8
  • Copper 409.75 +.76%
  • US No. 1 Heavy Melt Scrap Steel 418.0 USD/Metric Tonne unch.
  • China Iron Ore Spot 172.0 USD/Metric Tonne +.44%
  • Lumber 995.10 +.39%
  • UBS-Bloomberg Agriculture 1,137.71 +.56%
  • US Gulf NOLA Potash Spot 325.0 USD/Short Ton unch.
Economy
  • Atlanta Fed GDPNow Forecast +8.8% -.7 percentage point
  • ECRI Weekly Leading Economic Index Growth Rate +22.1% +.9 percentage point
  • Bloomberg US Recession Probability Next 12 Months 20.0% unch.
  • NY Fed Real-Time Weekly Economic Index -3.3 -127.1%
  • US Economic Policy Uncertainty Index 99.1 -12.8%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 177.24 +.5%
  • Citi US Economic Surprise Index 86.5 +7.5 points
  • Citi Eurozone Economic Surprise Index 157.30 +1.5 points
  • Citi Emerging Markets Economic Surprise Index 61.70 -4.1 points
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 3/17
  • US Dollar Index 90.88 +.63%
  • MSCI Emerging Markets Currency Index 1,726.16 -.07%
  • Bitcoin/USD 47,600.0 -14.1%
  • Euro/Yen Carry Return Index 133.23 +.76%
  • Yield Curve 135.0 +11.0 basis points
  • 10-Year US Treasury Yield 1.45% +10.0 basis points
  • Federal Reserve's Balance Sheet $7.550 Trillion +.43%
  • U.S. Sovereign Debt Credit Default Swap 11.37 -9.4%
  • Illinois Municipal Debt Credit Default Swap 287.72 +3.97%
  • Italian/German 10Y Yld Spread 102.0 +9.0 basis points
  • China Sovereign Debt Credit Default Swap 30.99 +7.95%
  • Brazil Sovereign Debt Credit Default Swap 191.85 +17.9%
  • Israel Sovereign Debt Credit Default Swap 41.24 -1.09%
  • South Korea Sovereign Debt Credit Default Swap 24.1 +9.4%
  • Russia Sovereign Debt Credit Default Swap 95.91 +14.1%
  • iBoxx Offshore RMB China Corporate High Yield Index 186.47 +.37%
  • 10-Year TIPS Spread 2.14% +1.0 basis point
  • TED Spread 15.5 unch.
  • 2-Year Swap Spread 10.25 +.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -8.5 -5.75 basis points
  • N. America Investment Grade Credit Default Swap Index 55.70 +8.6%
  • America Energy Sector High-Yield Credit Default Swap Index 372.0 -2.01%
  • European Financial Sector Credit Default Swap Index 62.52 +6.62%
  • Emerging Markets Credit Default Swap Index 190.64 +14.7%
  • MBS 5/10 Treasury Spread 83.25 +6.25 basis points
  • Markit CMBX BBB-6 75.5 unch.
  • M1 Money Supply $18.128 Trillion +.01%
  • Commercial Paper Outstanding 1,089.40 +1.3%
  • 4-Week Moving Average of Jobless Claims 807,750 -2.5%
  • Continuing Claims Unemployment Rate 3.1% -10.0 basis points
  • Average 30-Year Mortgage Rate 2.97% +16.0 basis points
  • Weekly Mortgage Applications 790,600 -11.4%
  • Bloomberg Consumer Comfort 47.3 +1.5 points
  • Weekly Retail Sales +2.6% +20.0 basis points
  • Nationwide Gas $2.70/gallon +.10/gallon
  • Baltic Dry Index 1,700 +.12%
  • China (Export) Containerized Freight Index 2,059.52 -.59%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.
  • Truckstop.com Market Demand Index 212.9 +54.3%
  • Rail Freight Carloads 206,262 -23.3%
Best Performing Style
  • Small-Cap Value +.7%
Worst Performing Style
  • Mid-Cap Growth -5.6%
Leading Sectors
  • Oil Service +8.2%
  • Gaming +4.9%
  • Airlines +4.0%
  • Energy +3.9%
  • Insurance +.9%
Lagging Sectors
  • Biotech -5.3%
  • Social Media -6.2%
  • Digital Health -8.3%
  • Video Gaming -8.7%
  • Alt Energy -10.7%
Weekly High-Volume Stock Gainers (30)
  • AMCX, FSR, MGNX, GRPN, TRIP, UVE, ACHC, RVLV, BBIO, CZR, BLDR, EB, SLM, BLUE, EVH, VAC, SEAS, RCII, HPQ, DMYI, VUZI, RHP, TWTR, AMAT, WSC, ABR, TCPC, WSFS, MGTA, ELAN and LESL
Weekly High-Volume Stock Losers (21)
  • AACQ, MILE, VVNT, CLF, CRM, WEX, ORA, BMRN, OTRK, SPKE, REGI, HSC, CARS, CLVR, SRAC, FOCS, ENV, WHKS, ROOT, TPIC and VST
ETFs
Stocks
*5-Day Change

Stocks Slightly Lower into Afternoon on Inflation Concerns, Emerging Markets Debt Angst, Technical Selling, Commodity/Financial Sector Weakness

Broad Equity Market Tone:

  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Above Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 27.6 -4.6%
  • Bloomberg Global Risk On/Risk Off Index 2,459.0 -103.0 points
  • Euro/Yen Carry Return Index 133.20 -.42%
  • Emerging Markets Currency Volatility(VXY) 10.65 +3.9%
  • S&P 500 Implied Correlation 51.1 -3.4%
  • ISE Sentiment Index 100.0 -36.0 points
  • Total Put/Call .86 +8.9%
  • NYSE Arms 1.51 +86.4%
Credit Investor Angst:
  • North American Investment Grade CDS Index 55.95 +.29%
  • US Energy High-Yield OAS 482.21 +1.72%
  • European Financial Sector CDS Index 62.69 +1.1%
  • Italian/German 10Y Yld Spread 102.0 -2.0 basis points
  • Asia Ex-Japan Investment Grade CDS Index 60.73 +5.13%
  • Emerging Market CDS Index 190.79 +5.0%
  • iBoxx Offshore RMB China Corporate High Yield Index 186.47 +.07%
  • 2-Year Swap Spread 10.25 +1.5 basis points
  • TED Spread 15.5 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -8.5 -3.75 basis points
  • MBS  5/10 Treasury Spread  86.25 +1.75 basis points
  • IHS Markit CMBX BBB- 6 75.5 unch.
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 61.55 -.79%
  • 3-Month T-Bill Yield .04% unch.
  • Yield Curve 135.0 +8.0 basis points
  • China Iron Ore Spot 168.20 USD/Metric Tonne -.5%
  • Citi US Economic Surprise Index 86.5 +1.5 points
  • Citi Eurozone Economic Surprise Index 157.3 -3.1 points
  • Citi Emerging Markets Economic Surprise Index 61.7 -1.0 point
  • 10-Year TIPS Spread 2.15 -1.0 basis point
  • 100.0% chance of no change at April 28th meeting, 100.0% chance of no change at June 16th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +374 open in Japan 
  • China A50 Futures: Indicating -19 open in China
  • DAX Futures: Indicating +15 open in Germany
Portfolio:
  • Slightly Lower: On losses in my energy/industrial/medical/biotech sector longs
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long