Weekly Scoreboard*

S&P 500 5,221.0 +1.7%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 39,529.7 +2.1%

• NASDAQ 16,341.5 +1.1%

• Russell 2000 2,057.9 +1.0%

• NYSE FANG+ 10,133.9 +.81%

• Goldman 50 Most Shorted 163.7 -2.2%

• Wilshire 5000 51,949.1 +1.7%

• Russell 1000 Growth 3,388.15 +1.5%

• Russell 1000 Value 1,740.0 +2.0%

• S&P 500 Consumer Staples 828.3 +2.1%

• Bloomberg Cyclicals/Defensives Index 239.24 -1.0%
  

• NYSE Technology 4,720.3 +.7%

• Transports 15,554.5 +1.34%

• Utilities 943.8 +3.2%

• Bloomberg European Bank/Financial Services 107.1 +3.1%
  

• MSCI Emerging Markets 42.4 +.2%

• Credit Suisse AllHedge Long/Short Equity Index 210.7 +.59%

• Credit Suisse AllHedge Equity Market Neutral Index 109.7 +.39%

Sentiment/Internals

• NYSE Cumulative A/D Line 500,922 +1.4%
• Nasdaq/NYSE Volume Ratio 8.3 -3.2%

• Bloomberg New Highs-Lows Index 616 +502
  

• Crude Oil Commercial Bullish % Net Position -32.5 +1.5%

• CFTC Oil Net Speculative Position 265,461 +.24%

• CFTC Oil Total Open Interest 1,794,542 +1.7%

• Total Put/Call .89 -5.3%

• OEX Put/Call 1.09 +29.0%

• ISE Sentiment 140.0 +30.0 points
  

• NYSE Arms 1.20 -15.0%
  
• Bloomberg Global Risk-On/Risk-Off Index 65.5 -1.95%
• Bloomberg US Financial Conditions Index 1.13 +19.0 basis points
  
• Bloomberg European Financial Conditions Index 1.05 +22.0 basis points
  

• Volatility(VIX) 12.6 -5.7%
• DJIA Intraday % Swing .44 -41.5%

• CBOE S&P 500 3M Implied Correlation Index 16.2 -9.0%

• G7 Currency Volatility (VXY) 7.13 -4.3%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.87 -2.4%

• Smart Money Flow Index 17,567.6 +1.5%
• NAAIM Exposure Index  91.6 +29.4
  

• ICI Money Mkt Mutual Fund Assets $6.032 Trillion +.5%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$2.744 Million

• AAII % Bulls 40.8 +6.0%

• AAII % Bears 23.8 -26.8%
• CNN Fear & Greed Index 47.0 (Neutral) +7.0

Futures Spot Prices

• CRB Index 289.47 +1.8%

• Crude Oil 78.40/bbl. +.42%

• Reformulated Gasoline 250.26 -2.0%

• Natural Gas 2.26 +5.1%
• Dutch TTF Nat Gas(European benchmark) 30.0 euros/megawatt-hour -.1%
  

• Heating Oil 243.5 -.3% 
• Newcastle Coal 142.0 (1,000/metric ton) -2.4%
  

• Gold 2,365.7 +2.9%
• Silver 28.24 +6.3%
  

• S&P GSCI Industrial Metals Index 472.2 +.25%

• Copper 465.6 +2.0%

• US No. 1 Heavy Melt Scrap Steel 380.0 USD/Metric Tonne -.5%

• China Iron Ore Spot 115.4 USD/Metric Tonne -3.6%

• CME Lumber  534.5 -.83%

• UBS-Bloomberg Agriculture 1,519.6 +2.5%
• US Gulf NOLA Potash Spot 302.5 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +4.2% +90.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 25.2% +1.4 percentage points
  

• NY Fed Real-Time Weekly Economic Index 1.74 +6.8%

• US Economic Policy Uncertainty Index 62.9 +42.8%
• S&P 500 Current Quarter EPS Growth Rate YoY(459 of 500 reporting) +5.5% +1.2 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 255.30 +2.42:  Growth Rate +14.4% unch., P/E 20.4 +.3
  
• S&P 500 Current Year Estimated Profit Margin 12.90% -2.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +37.2% unch.
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 326.10 +1.52: Growth Rate +35.7% +.6 percentage point, P/E 31.1 +.2
  

• Citi US Economic Surprise Index -18.5 -11.1 points

• Citi Eurozone Economic Surprise Index 24.2 -3.0 points

• Citi Emerging Markets Economic Surprise Index 26.5 -5.5 points

• Fed Fund Futures imply 3.5%(-4.9 percentage points) chance of -25.0 basis point cut to 5.0-5.25%, 96.5%(+4.9 percentage points) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 5.5-5.75% on 6/12
  

• US Dollar Index 105.3 +.2%

• MSCI Emerging Markets Currency Index 1,723.9 -.05%
  

• Bitcoin/USD 60,568.5 -5.0%

• Euro/Yen Carry Return Index 183.1 +2.0%
  

• Yield Curve(2s/10s) -36.75 -5.75 basis points
  

• 10-Year US Treasury Yield 4.50% unch.
  

• Federal Reserve's Balance Sheet $7.318 Trillion -.12%
  
• Federal Reserve's Discount Window Usage $6.200 Billion -11.6%
• Federal Reserve's Bank Term Funding Program $112.663 Billion -9.2%
  

• U.S. Sovereign Debt Credit Default Swap 42.4 +.1%
  

• Illinois Municipal Debt Credit Default Swap 199.48 +5.0%
  

• Italian/German 10Y Yld Spread 134.0 +2.0 basis points
  
• UK Sovereign Debt Credit Default Swap 25.44 -.22%
  

• China Sovereign Debt Credit Default Swap 64.0 -1.1%
  

• Brazil Sovereign Debt Credit Default Swap 140.26 +.57%
  

• Israel Sovereign Debt Credit Default Swap 129.8 -.9%

• South Korea Sovereign Debt Credit Default Swap 34.77 +1.1%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.6 unch.
• China High-Yield Real Estate Total Return Index 96.13 -.03%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +5.5% unch.
  
• Zillow US All Homes Rent Index YoY +3.7% unch.
  
• US Urban Consumers Food CPI YoY +2.2% unch.
  
• CPI Core Services Ex-Shelter YoY +5.0% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +2.74% unch.: CPI YoY +3.50% unch.
  
• 1-Year TIPS Spread 2.20% -7.0 basis points
  

• Treasury Repo 3M T-Bill Spread 8.5 basis points +.75 basis point
  
• 2-Year SOFR Swap Spread -8.75 -1.25 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -3.75 -.25 basis point
  

• N. America Investment Grade Credit Default Swap Index 50.5 +.37%
  

• America Energy Sector High-Yield Credit Default Swap Index 130.0 +3.7% 
• Bloomberg TRACE # Distressed Bonds Traded 294.0 +5.0
  

• European Financial Sector Credit Default Swap Index 59.95 -1.4%
• Deutsche Bank Subordinated 5Y Credit Default Swap 179.0 -4.2%

• Emerging Markets Credit Default Swap Index 162.8 -1.1%
  

• MBS 5/10 Treasury Spread 143.0 -1.0 basis point
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 746.0 -15.0 basis points
  
• Avg. Auto ABS OAS .58 +1.0 basis point
  

• M2 Money Supply YoY % Change -.3% unch.
  

• Commercial Paper Outstanding $1,329.0B +.6%

• 4-Week Moving Average of Jobless Claims 215,000 +2.3%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 50.6 -.8%
  

• Average 30-Year Fixed Home Mortgage Rate 7.37% -7.0 basis points
  

• Weekly Mortgage Applications 197,100 +2.6%

• Weekly Retail Sales +5.40% +20.0 basis points
  
• OpenTable US Seated Diners % Change YoY n/a
  
• Box Office Weekly Gross $112.9M n/a
  

• Nationwide Gas $3.64/gallon -.03/gallon

• Baltic Dry Index 2,166.7 +22.1%
• Drewry World Container Freight Index $3,158.6/40 ft Box +15.9%
  

• China (Export) Containerized Freight Index 1,237.8 +3.7%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 45.0 +12.5%
  
• Truckstop.com Market Demand Index 54.4 +11.4%

• Rail Freight Carloads 249,696 -4.7%
• TSA Total Traveler Throughput 2,786,520 +28.1%
  

Best Performing Style

• Mid-Cap Value +2.1%
  

Worst Performing Style

•  Small-Cap Value +.9%

Leading Sectors

• Shipping +7.7%

• Telecom +6.5%
• Gold & Silver +6.2%
  

• Disk Drives +3.4%
  

• Utilities +3.2%
  

Lagging Sectors

• Steel -.1%
  

• Biotech -1.0%
  

• Social Media -1.1%

• Digital Health -1.9%
  

• Alt Energy -2.6%
  

Weekly High-Volume Stock Gainers (36)

• ITOS, SG, CDNA, GRPN, OUST, GEN, ACIC, GH, MTUS, NTRA, HROW, BLFS, HRB, CARG, ZIM, BROS, FOUR, ONTO, DOCN, ANET, MRVI, VERX, COLD, MRC, RBA, G, FVRR, ARM, CRH, TSM, AY, CHTR, CAVA, ROAD, WAT, A and WRBY
  

Weekly High-Volume Stock Losers (17)

• RWAY, FTRE, SYNA, IIIV, SHOP, PODD, TREX, U, EVH, AKAM, ARLO, COLL, PGNY, FROG, SVV, IOVA and OKLO
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change