Tuesday Watch

Today's Headlines

Bloomberg:                

• China Takes Its Most Visible Measure Yet to Curb Yuan’s Gain.
• Why China Is Struggling to Boost Its Birthrate.
• China Bets on Productivity Over Population to Drive Its Economy.  
• India Posts Record Fiscal Gap Amid Spending to Cushion Economy.
• ECB Spectrometer Suggests Ultra-Loose Policy Continuing.  
• German Inflation Climbs to Highest Since 2018 as Lockdown Eases.  
• Asian Stocks Look Set to Dip; Yuan Holds Retreat: Markets Wrap. 
• Five Things You Need to Know to Start Your Day.
• Asia Refiners Face a Double Blow to Profits from Iran and Covid.  
• Peru Deaths More Than Double; Copa America Moved: Virus Update.
• Iran and World Powers Begin ‘Final Round’ of Nuclear Talks.
• Oil Exceeds $67 as Demand Outweighs Prospect of More OPEC+ Oil.   
• Hedge Funds Keep Cutting Their Bullish Wagers on Commodities.  
• Meat Is Latest Cyber Victim as Hackers Hit Top Supplier JBS.

Wall Street Journal:

• Reopening Bets Pay Off Big for Stock Pickers.
• West Virginia Governor Is Personally Liable for $700 Million in Greensill Loans.
• Battle Brews Over Banning Natural Gas to Homes.
• ‘Open-Air Effect’ Gave Southern States Break From Covid-19 Surge.
• Flush With Cash, Startups Move to Hire CFOs Earlier.
• Male Inmates in Women’s Prisons.
• For DoorDash and Uber Eats, the Future Is Everything in an Hour.

Fox News:

• Army Staff Sgt. charges 100 insurgents to save team; among stories of sacrifice.
• Surging prices may only be beginning; where you're going to feel the squeeze.
• MLB, players' union face lawsuit for pulling game out of Atlanta.

CNBC:  

• OECD raises growth forecasts on vaccine rollouts and U.S. stimulus.
• U.S. Covid cases near pandemic low as travel picks up for Memorial Day weekend.
• Millions of Americans could face eviction as housing protection expires in June.
• Russia tells U.S. to expect ‘uncomfortable’ signals ahead of Putin-Biden summit.
• Buttigieg says infrastructure talks ‘can’t go on forever,’ calls for ‘clear direction’ by next week.

Zero Hedge: 

• Veterans Speak About Memorial Day: "It's Not About Us". 
• 61-Year-Old Woman Living Near Wuhan Lab May Have Been 'Patient Zero' - Three Weeks Before CCP Claims First Case.
• Rep. McCaul Calls COVID Virus Origin "Worst Cover-Up In Human History".
• Intel CEO Pat Gelsinger Says Semi Shortage Could Last "A Couple Years".
• China Orders First Lockdown Since January As Indian Mutant Discovered In Guangzhou.
• Russia Monitoring Biden's "Persecution" Of Capitol Hill Rioters & Their "Opposition Rights".
• Japan Asks Olympics Fans For COVID Tests; No Eating, Drinking, Cheering At Games.
• Rabobank: The US And China Can No Longer Both Blow Bubbles At The Same Time.
• With Delegitimized Government Looming, Honor This Memorial Day Differently.
• In Less Than Two Weeks, Millions Of Americans Will Lose Unemployment Benefits.
• The Worst-Kept Secret in America: High Inflation Is Back.
• Texas Democrats Walk Out Of House Chamber To Block Voting Law.
• Spoos Hug 4,200 In Thin Holiday Trading As Global Stocks Close Out 4th Month Of Gains.
• Founder Of Black Lives Matter Chapter Quits After Learning the "Ugly Truth".
• Currency Wars Return: China Hikes FX Reserve Ratio For First Time In 14 Years In Bid To Weaken Yuan.
• China Allows Families To Have Up To 3 Children Amid Dramatic Drop In Birth Rates.
• Elon Musk Assures Teslas "Still Have Safety Features", After Losing Key Industry Designations Last Week.
• EM - feeling the commodity bull?
• New COVID-19 Alarm Bells In The UK - Ridiculous Or Not?
• China Scrambles To Save EU Investment Deal After Xi's Hardline Diplomacy "Backfires".
• German Judge Declares Mask Mandates Illegal And Harmful To Children.
• "We Are Going To Expose You": Crenshaw, Cotton Create Military Whistleblower Site To Combat 'Woke Ideology'.
• Netanyahu Faces Shocking Ouster After Israeli Opposition Reaches Deal To Form Government. 
• COT Primer: The Gold Trend Is Still Very Favorable.
• CLOs Join The Everything Bubble.

MarketWatch.com:

• German prices rise faster-than-expected in May.  
• Hiring signs are everywhere, but Wall Street isn’t betting on huge job gains in May.
  
• 5 surprising things in short supply this Memorial Day Weekend.
  

NewsMax:   

• Texas Gov. Abbott: Election Integrity Reform 'STILL Must Pass'.
• Trump: 'We Owe All That We Are' to Fallen Military Heroes.
• NC Lt. Gov. Robinson: Critical Race Theory Mirrors Ku Klux Klan.

TheGatewayPundit.com:

• Biden Imported Oil from Iran in March – First Time Since 1991- Ignoring US Law to Please Terrorist Country.
• Fulton County Georgia Ballot Storage Facility Was Left Open for Hours – Attorney’s Own Hired Staff Discovered the Place Wide Open.
• HORROR! EXCLUSIVE VIDEO — CAPITOL POLICE FIRED EXPLODING FLASH GRENADE INTO CROWD on Jan. 6 — Explosion Fired into Crowd of Men, Women and Children!
• Happy Memorial Day 2021 – Freedom Still Isn’t Free.
• 7,300 People Tune in to White House YouTube Channel to Watch 81 Million Vote Recipient Joe Biden Deliver Memorial Day Service Remarks.
• The Auditors of the Windham, New Hampshire 2020 Election Results Audit Invited the President of the Voting Machine Company to the Audit – Why?

The Epoch Times:

• Lab Leaks Happen ‘All the Time’ Warns Former FDA Commissioner, Calls for Probe Into Virus Origin.
• Rep. McCaul Calls CCP Virus Origin ‘Worst Cover-Up In Human History’.
• Wall Street Has Officially Thrown In Its Lot With Beijing. 
• Former Chinese Tycoon Fully Withdraws From AMC in $1.476 Billion Stock Liquidation.
• Pompeo and Sen. Paul Issue Warning on Wuhan Lab Still ‘Up and Running’.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading

• Asian indices are -.25% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 86.0 +.25 basis point.
• China Sovereign CDS 37.0 +.25 basis point.
• Bloomberg Emerging Markets Currency Index 61.50 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 3,467.0 -22.0 points.
• Volatility Index(VIX) futures 20.9 +.24%. 
• Euro Stoxx 50 futures -.23%.
• S&P 500 futures -.04%.
• NASDAQ 100 futures -.03%

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (MIK)/.32
  

After the Close:

• (AMBA)/.17
• (HPE)/.42
• (ZM)/.98
  

Economic Releases

10:00 am EST

• Construction Spending MoM for April is estimated to rise +.5% versus a +.2% gain in March.
• ISM Manufacturing for May is estimated to rise to 60.9 versus 60.7 in April. 
• ISM Prices Paid for May is estimated to fall to 89.3 versus 89.6 in April.
  

10:30 am EST

• Dallas Fed Manufacturing Activity for May is estimated to fall to 36.5 versus 37.3 in April.

Upcoming Splits

• (NEOG) 2-for-1
  

Other Potential Market Movers

• The China Manufacturing PMI report, Eurozone PMI report, RBA minutes, Deutsche Bank Financial Services Conference, Jefferies Healthcare Conference, William Blair Growth Stock Conference, Cowen Tech/Media/Telecom Conference and the KeyBanc Industrials/Basic Materials Conference could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and healthcare shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.

Today's Headlines

Bloomberg:             

• ECB Doves Sour Euro Rally With Pushback Against Tapering Bets.
• Stock Splits Are Back. So Is the Debate Over Whether They Matter.  
• U.S. Cases Drop by Half in May; India Passes Peak: Virus Update.
• Take Two on U.S. Jobs to Show If Tepid Data Was a Blip: Eco Week.
• Buyout Loans Set to Hit the Market After Memorial Day Holiday.
• Bond Traders Look to Jobs for Taper Clues While Cash Glut Grows.  
• Short Seller Muddy Waters Notches Another Win With Solutions 30.  
• Social Media Buzz: Movie Theaters Relax Mask Rule, Bitcoin Drops.  
• Fed’s Taper Talk Is Pre-Emptive Strike Against Inflation Fears.  
• OPEC+ Talks to Offer Clues on Next Phase of Oil Supply Revival.

Wall Street Journal:

• U.S. Labor Market Recovery Plays Out Unevenly in States.
• The Soul of Black Conservatism.
• A Retroactive Tax Increase.
• Covid-19 Cases Rise in U.K. as Variant Takes Hold.
• Suddenly Wealthy From Markets, Some Millennials Are Stressed.
• Booze To-Go Is Here to Stay.
• First Biden Budget Retains Trump-Era Business Tax Break.

CNBC:

• Apple’s massive success with CarPlay paves the way for automotive ambitions.
• Here are the next media mergers that make the most sense.
• Senate Democrats prepare to work on Biden infrastructure plan ‘with or without’ Republicans.
• American, Southwest hold off on alcohol sales after surge in unruly travelers.

IG:

• Weekend Markets Trading Live.

Barron's:

• Had bullish commentary on (OSK), (XOM), (XPO), (HON), (CAT), (DE), (LRCX), (AMAT) and (ROK).
• Had bearish commentary on (PLNT).

MarketWatch.com:        

• Travel numbers climb as Americans hit the road for holiday.  
• In time for summer, Europe sees dramatic fall in virus cases.  
• More U.S. states ease lingering virus rules as vaccine rates rise.  
• 10 ways to cash in on the shortage of just about everything.

Fox News:

• VP Harris under fire for blatant disregard of service members this Memorial Day with all-about me tweet.
• Explosive study claims to prove Chinese scientists created COVID.

Newsmax:

• Trump to Newsmax: 'People Are Angry' About Turn at Fox News.
• Trump: China 'Getting Away With Murder'.
  

Zero Hedge:

• Virologists Say Genetic "Fingerprints" Prove COVID-19 Man-Made, 'No Credible Natural Ancestor'.
• EPA Orders Shutdown Of St. Croix Refinery After Oil "Rains Down" On The Island.
• China Warns Global Financial Bubble Could Burst.   
  
• After Grade-Rigging Scandal, Baltimore City Schools No Longer Holding Back Failing Students
• US Set For Epic Labor Market Experiment: Red States Vs Blue States.
• The USD Is Weak, And What That Could Mean For The Rest Of 2021.
• "Dismisinfoganda".
• Top Special Forces Official Urges US Deployment For Taiwan To Resist "Chinese Invasion".
• China Warns Australia's Military Is "Weak", Will Be "First Hit" In Any War With Western Alliance.
• What's Your Plan As Major US Cities Devolve Into Lawless Wastelands Dominated By Violent Criminals?
• Inflation... Or Speculation?
• Suffering A Sea-Change - China Is Taking Its Financial War With US Into FX.
• China Reveals "God Of War" Stealth Bomber.
• Texas Passes Bill Requiring Sports Teams To Play National Anthem.
• Microsoft President Warns 2024 Will Look Like Orwell's '1984' If We Don't Stop AI Police State.
• Judge Postpones Georgia Election Audit After County Hires Criminal Defense Attorneys, Files Motion To Dismiss.

TheGatewayPundit.com:

• Joe Biden Received Campaign Cash From Top Russia Lobbyist Before Waiving Sanctions on Nord Stream 2 Pipeline.
• Non Profits, Full of Radical Leftists, Are Setting National Sex Ed Standards.
• ‘Border Czar’ Kamala Harris Encourages US Businesses to Outsource Investment From US to Central America (VIDEO).
• “Grotesque” – Kamala Harris Receives Backlash For Tweeting Photo of Herself, Telling Americans to Enjoy Their “Long Weekend”.
• Chinese Embassy in Washington DC Lashes Out after Biden Admin Announces Investigation into Origins of COVID-19.

The Epoch Times:

• CCP Virus Likely Came From Chinese Lab: Former State Department Contractor.
• Wuhan Lab Researcher’s Wife Died of COVID-Like Illness in December 2019, Former Lead US Investigator Says.
• Over 200 Republicans Press Pelosi to Back COVID-19 Origin Probe, ‘Hold the CCP Accountable’ .
• Senate Advances Bipartisan Tech Bill Taking Aim at China.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Evening Headlines

Bloomberg:         

• Charting Global Economy: Confidence in European Recovery Grows.
• White House Budget Shows Focus on Wealth Redistribution, Not Growth.
  
• U.S. Corporate Bond Spreads Hit 14-Year Low as Economy Resurges.
  
• The U.S. Has Reached ‘Peak Recovery’ and Markets Have Taken Notice.  
  
• Restaurant Groups Sue to Block NYC Worker Protection Laws.  
• Texas Hospital Staff Says Vaccine Mandate Breaks Nuremberg Code.  
• Fed Admonishes Deutsche Bank for Ongoing Compliance Failures.
• SEC Sues Five BitConnect Promoters Over $2 Billion Scheme.
• Bitcoin Slumps as Traders Brace for a Volatile Long Weekend. 
• Stocks End Month Near Peak Buoyed by Growth Hopes: Markets Wrap.
• Oil Posts Best Week Since April on Eve of Summer Travel Season.

Wall Street Journal:

• Biden Unveils $6 Trillion Federal Spending Blueprint.
• Amgen Wins Approval for Pathbreaking Lung Cancer Drug.
• Biden Is the $6 Trillion Man.
• Get Ready for $5 Gasoline if You Live in California—or if You Don’t.
• NYT: Biden Plans Middle-Class Tax Hike.
• India’s Covid Surge Hit Young Patients Hard and Fast.
• CDC Relaxes Guidance for Teens in Summer Camp.
  

CNBC:

• Tesla starts using cabin cameras to make sure drivers are paying attention.
• S&P 500 gains slightly to wrap up 4th straight positive month, sits less than 1% from record high.
• AT&T hired ally of Commerce Secretary Raimondo to lobby Biden’s infrastructure plan.
• Costco is seeing inflation abound, impacting a slew of consumer products.
• Senate Democrats prepare to work on Biden infrastructure plan ‘with or without’ Republicans.

IG:

• Weekend Markets Trading Live.

MarketWatch.com:         

• A ‘bloody crypto’ Memorial Day weekend? Some bitcoin bulls are dreading the long U.S. holiday break.
  
• USPS plans to raise stamp price to 58 cents this summer.

Fox News:

• Harris' punchlines bomb at Naval Academy graduation.
  

Newsmax: 

• Scientists From Wuhan Lab Claimed They Were Bitten on the Job by Bats.
• Rasmussen Poll: Most Say COVID Came From Lab, Back Probe.
• Rep. Dan Bishop to Newsmax: 'Biden Is Compromised by China'.
• Joni Ernst: 'Laughable' for Fauci to 'Plead Ignorance' About Wuhan Institute.
  

Zero Hedge:

• Fauci In 2012: Gain-Of-Function Research 'Worth Risk Of Lab Accident Sparking Pandemic'.
• Daily Caller Sues Racist Chicago Mayor For Blacklisting White Journalists.
• "Next Level Dystopian Sh*t": Amazon Rolls Out Portable Panic Booth For Warehouse Employees To Collect Themselves.
• Trump-Era 1776 Commission Opposes Funding For "Teaching Of Racial Discrimination" In Schools.
• US Embassies Worldwide Are Flying BLM Flags This Week.
• Oregon Is Proof That Leftist Politics Ultimately Lead To Tyranny And Decay.
• Japan Extends State Of Emergency As Support For Canceling Olympics Rises.
• Senate Unanimously Approves Amendment Banning Chinese Gain-Of-Function Research.
• China Warns Australia's Military Is "Weak", Will Be "First Hit" In Any War With Western Alliance.
• "Transitory" Retail Buying Frenzy: Money Market Funds See Massive Inflows As Investors Turn Defensive.
• To Protect Your Liberty, Smash The Total Virus-Elimination Narrative.
• What's Going On With Mexican Politics? 88 Mayoral Candidates Murdered, 18 Register As Trans Women For "Gender Parity".
•  Orange County DA Joins Opposition To Early Release Of 76,000 Prisoners.
• "Shame, Shame, Shame" - Trump Laments Memorial Day Drivers Facing Highest Gas Prices In Seven Years.
• Taibbi: So Much For "Transformational" Joe Biden.
• Bullion Best In May As Tech Wrecks; Bitcoin's Biggest Bust In A Decade.
  

TheGatewayPundit.com:

• Dominion was Onsite During Maricopa County’s EAC February Audits.
• Joe Biden Flirts with Little Girl at Virginia Speech, “I Love Those Barrettes in Your Hair… She Looks Like She’s 19 Years Old… With Her Legs Crossed” (Video).
• Former State Department Employee Under Pompeo Claims Their Research Showed a “1 in 13 Billion” Chance that the China Coronavirus (COVID-19) Evolved in Nature.
• BREAKING: Effort to Open Debate on Bill to Create January 6 Commission Fails in the Senate – Here are the Republicans Who Voted with Democrats.

The Epoch Times:

• US Bans Seafood Imports From Chinese Fleet That Engages in ‘Modern Slavery’.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Weekly Scoreboard*

S&P 500 4,213.01 +1.39%*

 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices

• DJIA 34,563.18 +1.1%

• NASDAQ 13,780.40 +2.3%

• Russell 2000 2,270.93 +2.7%

• S&P 500 High Beta 76.77 +3.3%

• Goldman 50 Most Shorted 317.22 +9.7%

• Wilshire 5000 43,911.58 +1.59%

• Russell 1000 Growth 2,581.87 +1.99%

• Russell 1000 Value 1,586.43 +1.0%

• S&P 500 Consumer Staples 726.60 -.26%

• MSCI Cyclicals-Defensives Spread 1,401.30 +2.4%
  

• NYSE Technology 3,937.54 +3.8%

• Transports 15,731.50 +1.8%

• Utilities 897.44 -1.4%

• Bloomberg European Bank/Financial Services 74.9 +1.4%

• MSCI Emerging Markets 54.88 +3.0%

• HFRX Equity Hedge 1,414.50 +.55%

• HFRX Equity Market Neutral 946.45 -.16%

Sentiment/Internals

• NYSE Cumulative A/D Line 474,171 +.86%

• Bloomberg New Highs-Lows Index 592 +323

• Crude Oil Commercial Bullish % Net Position -37.4 +4.8%

• CFTC Oil Net Speculative Position 475,947 -4.2%

• CFTC Oil Total Open Interest 2,458,804 +.59%

• Total Put/Call .67 -21.4%

• OEX Put/Call 1.88 +6.8%

• ISE Sentiment 115.0 -17.0 points

• NYSE Arms .99 +45.9% 
• Bloomberg Global Risk-On/Risk-Off Index 3,559.0 +423.0 points
  

• Volatility(VIX) 15.9 -20.2%

• S&P 500 Implied Correlation 48.5 -11.4%

• G7 Currency Volatility (VXY) 6.3 -1.1%
  

• Emerging Markets Currency Volatility (EM-VXY) 9.2 +.66%

• Smart Money Flow Index 14,568.13 -2.67%

• ICI Money Mkt Mutual Fund Assets $4.609 Trillion +1.49%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -3.180 Million

• AAII % Bulls 36.4 -1.6%

• AAII % Bears 26.3 +.4%

Futures Spot Prices

• CRB Index 205.68 +2.8%

• Crude Oil 66.37 +4.7%

• Reformulated Gasoline 214.02 +4.1%

• Natural Gas 2.98 +3.6%

• Heating Oil 204.5 +3.3%

• Gold 1,901.71 +1.15%
• Silver 27.85 +1.2%
  

• S&P GSCI Industrial Metals Index 475.49 +3.8%

• Copper 466.70 +3.5%

• US No. 1 Heavy Melt Scrap Steel 505.0 USD/Metric Tonne -.39%

• China Iron Ore Spot 188.5 USD/Metric Tonne -2.5%

• Lumber 1,323.70 -8.8%

• UBS-Bloomberg Agriculture 1,247.69 +1.4%
• US Gulf NOLA Potash Spot 362.0 USD/Short Ton +4.9%
  

Economy

• Atlanta Fed GDPNow Forecast +9.3% -.8 percentage point
  

• ECRI Weekly Leading Economic Index Growth Rate +23.5% -.3 percentage point
  
• Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  

• NY Fed Real-Time Weekly Economic Index +11.4 -.18%

• US Economic Policy Uncertainty Index 16.7 -80.3%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 196.86 +.73%

• Citi US Economic Surprise Index 4.4 -10.3 points

• Citi Eurozone Economic Surprise Index 154.7 +12.6 points

• Citi Emerging Markets Economic Surprise Index 54.0 -2.1 points

• Fed Fund Futures imply 89.0% chance of no change, 11.0% chance of rate hike on 6/16

• US Dollar Index 90.02 -.05%

• MSCI Emerging Markets Currency Index 1,749.15 +.70%
  

• Bitcoin/USD 36,084.0 +2.9%

• Euro/Yen Carry Return Index 138.39 +.90%

• Yield Curve 147.0 -1.0 basis point
  

• 10-Year US Treasury Yield 1.59% -3.0 basis points
  

• Federal Reserve's Balance Sheet $7.864 Trillion -.25%

• U.S. Sovereign Debt Credit Default Swap 9.47 +.11%

• Illinois Municipal Debt Credit Default Swap 137.97 unch.
  

• Italian/German 10Y Yld Spread 110.0 -6.0 basis points
  

• China Sovereign Debt Credit Default Swap 37.15 -6.9%
  

• Brazil Sovereign Debt Credit Default Swap 171.87 -3.95%
  

• Israel Sovereign Debt Credit Default Swap 45.10 +.96%

• South Korea Sovereign Debt Credit Default Swap 18.41 -2.7%

• Russia Sovereign Debt Credit Default Swap 96.74 +3.9%

• China Corp. High-Yield Bond USD ETF(KCCB) 39.40 +.25%

• 10-Year TIPS Spread 2.45% +1.0 basis point

• TED Spread 12.75 -2.5 basis points

• 2-Year Swap Spread 8.5 -1.5 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -1.25 unch.

• N. America Investment Grade Credit Default Swap Index 50.72 -3.2%
  

• America Energy Sector High-Yield Credit Default Swap Index 317.0 -2.5%

• European Financial Sector Credit Default Swap Index 58.75 -3.8%
  

• Emerging Markets Credit Default Swap Index 160.07 -2.1%
  

• MBS 5/10 Treasury Spread 64.0 +.25 basis point
  
• Markit CMBX BBB-6 71.75 unch.

• M2 Money Supply YoY % Change 18.0 unch.
  

• Commercial Paper Outstanding 1,189.0 -.8%

• 4-Week Moving Average of Jobless Claims 458,750 -9.1%

• Continuing Claims Unemployment Rate 2.6% -10.0 basis points
  

• Average 30-Year Mortgage Rate 2.95% -5.0 basis points

• Weekly Mortgage Applications 693,700 -4.2%

• Bloomberg Consumer Comfort 53.8 -1.5 points

• Weekly Retail Sales +13.2% +20.0 basis points

• Nationwide Gas $3.04/gallon unch.

• Baltic Dry Index 2,688 -6.3%

• China (Export) Containerized Freight Index 2,296.36 +3.6%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 20.0 unch.
• Truckstop.com Market Demand Index 195.81 -14.0%

• Rail Freight Carloads 286,547 -1.6%

Best Performing Style

• Small-Cap Growth +3.1%

Worst Performing Style

• Large-Cap Value +1.0%
  

Leading Sectors

• Gaming +6.3%

• Homebuilding +5.5%
  

• Alt Energy +5.3%

• Shipping +5.0%

• Semis +4.5%
  

Lagging Sectors

• Papers -.7%
  

• Pharma -1.3%

• Utilities -1.4%

• Education -2.5%

• Tobacco -2.9%

Weekly High-Volume Stock Gainers (20)

• WBT, VEEV, BCRX, SVC, OLLI, MOD, BBBY, CRM, BMBL, CRCT, FUV, ULTA, FUV, NVDA, STAA, SNCY, SPCE and BNFT
  

Weekly High-Volume Stock Losers (1)

• CVI
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change