| S&P 500 7,480.8 +1.1% |
Weekly Market Wrap by Edward Jones.
Indices
- DJIA 50,633.1 +2.3%
- NASDAQ 26,341.1 +.6%
- Russell 2000 2,868.5 +2.9%
- NYSE FANG+ 17,261.6 +.4%
- Goldman 50 Most Shorted 301.8 +3.8%
- Vaneck Social Sentiment 37.8 +3.5%
- Wilshire 5000 73,810.0 +1.2%
- Russell 1000 Growth 5,034.3 +.6%
- Russell 1000 Value 2,324.7 +2.0%
- S&P 500 Consumer Staples 952.4 -.9%
- Bloomberg Cyclicals/Defensives Index(Ex Telecom) 256.8 -.5%
- NYSE Technology 8,197.2 +4.2%
- Transports 20,791.8 +3.4%
- Utilities 1,131.8 +3.6%
- MSCI Europe Banks 118.16 +2.2%
- MSCI Emerging Markets 66.1 +1.5%
- Credit Suisse AllHedge Long/Short Equity Index 260.7 +1.2%
- Credit Suisse AllHedge Equity Market Neutral Index 134.0 -.2%
Sentiment/Internals
- NYSE Cumulative A/D Line 613,245 -.2%
- Nasdaq/NYSE Volume Ratio 14.9 +8.9%
- Bloomberg New Highs-Lows Index 358 -800
- Crude Oil Commercial Bullish % Net Position -17.0 +6.1%
- CFTC Oil Net Speculative Position 169,877 -5.0%
- CFTC Oil Total Open Interest 2,081,927 +.7%
- Total Put/Call .80 -12.1%
- OEX Put/Call .47 +55.9%
- ISE Sentiment 179.0 +3.5%
- NYSE Arms 1.12 +56.3%
- Bloomberg Global Risk-On/Risk-Off Index 125.0 +1.5%
- Bloomberg US Financial Conditions Index 1.05 -1.0 basis point
- Bloomberg European Financial Conditions Index 1.35 +12.0 basis points
- Volatility(VIX) 16.6 -9.8%
- S&P 500 Intraday % Swing .48 -37.5%
- CBOE S&P 500 3M Implied Correlation Index 11.9 -4.9%
- G7 Currency Volatility (VXY) 6.63 -1.8%
- Emerging Markets Currency Volatility (EM-VXY) 7.2 -.8%
- Smart Money Flow Index 20,526.40 +1.3%
- NAAIM Exposure Index 82.0 +4.7
- ICI Money Mkt Mutual Fund Assets $7.771 Trillion +.2%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$10.863 Million
- AAII % Bulls 31.7 -19.3%
- AAII % Bears 43.6 +19.1%
- CNN Fear & Greed Index 61.0 (GREED) -3.0
Futures Spot Prices
- CRB Index 392.4 -2.0%
- Crude Oil 96.33/bbl. -8.6%
- Reformulated Gasoline 344.2 -7.0%
- Natural Gas 2.91 -2.1%
- US Power PJM Western Hub Peak Forward Y1 72.8 USD/Megawatt -4.7%
- Dutch TTF Nat Gas(European benchmark) 48.5 euros/megawatt-hour -1.9%
- Heating Oil 389.0 -3.5%
- Newcastle Coal 136.3 (1,000/metric ton) -.2%
- Gold 4,515.5 -.5%
- Silver 75.95 -.03%
- Bloomberg Industrial Metals Index 185.2 +1.7%
- Copper 639.7 +1.8%
- US No. 1 Heavy Melt Scrap Steel 415.0 USD/Metric Tonne +.5%
- China Iron Ore Spot 106.0 USD/Metric Tonne -2.0
% China Battery Grade Lithium Carbonate 28,400.0 USD/metric tonne n/a - inSpectrum Tech Inc. DRAM Spot DDR4 16Gb 2048Mx8 57.0 +.7%
- CME Lumber 585.5 -.6%
- UBS-Bloomberg Agriculture 1,405.3 -.03%
- US Gulf NOLA Potash Spot 340.0 USD/Short Ton -.7%
- US Gulf NOLA Urea Granular Spot 567.0 USD/Short Ton +.4%
Economy
- Atlanta Fed GDPNow Q2 Forecast +4.3% +.3 percentage point
- US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 12.5 -.4 percentage point
- NY Fed Real-Time Weekly Economic Index 3.0 +9.5%
- Caldara Iacoviello Geopolitical Risk Index 210.6 -12.6%
- Global Monitor Iran Instability Index 86.0 -14.0
- Strait of Hormuz Oil Tanker Traffic Curtailed 97.0% +2.0 percentage points
- US Economic Policy Uncertainty Index 221.0 +45.7%
- Bloomberg Global Trade Policy Uncertainty Index .6 -.1
- DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
- S&P 500 Current Quarter EPS Growth Rate YoY(472 of 500 reporting) +27.5% +2.4 percentage points
- S&P 500 Blended Forward 12 Months Mean EPS Estimate 358.20 +3.73: Growth Rate +22.1% -5.8 percentage points, P/E 20.8 -.4
- S&P 500 Current Year Estimated Profit Margin 15.43% +6.0 basis points
- NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +67.2% +5.1 percentage points
- NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 874.80 +14.91: Growth Rate +121.% +3.8 percentage points, P/E 19.8 -.8
- Citi US Economic Surprise Index 45.0 unch.
- Citi Eurozone Economic Surprise Index -78.8 -25.5 points
- Citi Emerging Markets Economic Surprise Index 34.8 -7.2 points
- Fed Fund Futures imply 0.0%(-1.3 percentage points) chance of -25.0 basis point cut to 3.25-3.5%, 96.6%(-2.1 percentage points) chance of no change, 3.4%(+3.4 percentage points) chance of +25.0 basis point hike to 3.75-4.0% on 6/17
- US Dollar Index 99.25 -.03%
- MSCI Emerging Markets Currency Index 1,863.4 +.02%
- Bitcoin/USD 76,071.2 -1.8%
- Euro/Yen Carry Return Index 210.9 +.2%
- Swiss Franc/Offshore Chinese Renminbi Cross 8.67 +.1%
- Yield Curve(2s/10s) 43.5 -8.0 basis points
- 10-Year US Treasury Yield 4.56% -3.0 basis points
- Japan 30-Year Yield 4.03% -1.0 basis point
- Federal Reserve's Balance Sheet $6.666 Trillion -.2%
- Federal Reserve's Discount Window Usage $5.959 Billion +1.4%
- U.S. Sovereign Debt Credit Default Swap 42.0 +.7%
- Illinois Municipal Debt Credit Default Swap 186.8 -1.9%
- Italian/German 10Y Yld Spread 73.0 -5.0 basis points
- UK Sovereign Debt Credit Default Swap 19.5 -.2%
- China Sovereign Debt Credit Default Swap 40.0 -5.7%
- Brazil Sovereign Debt Credit Default Swap 126.7 -2.2%
- Israel Sovereign Debt Credit Default Swap 60.3 -6.0%
- Dubai Sovereign Debt Credit Default Swap 80.6 -.4%
- South Korea Sovereign Debt Credit Default Swap 22.3 -7.6%
- China Corp. High-Yield Bond USD ETF(KHYB) 24.17 -.1%
- China High-Yield Real Estate Total Return Index 115.3 -.4%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +3.6% unch.
- Zillow US All Homes Rent Index YoY +1.7% unch.
- US Urban Consumers Food CPI YoY +3.2% unch.
- CPI Core Services Ex-Shelter YoY +3.2% unch.
- Cleveland Fed Inflation Nowcast Core PCE YoY +3.31% unch.: CPI YoY +4.18% unch.
- 1-Year TIPS Spread 2.73 -42.0 basis points
- 10-Year TIPS Spread 2.41 -10.0 basis points
- Treasury Repo 3M T-Bill Spread 15.2 +3.25 basis points
- 2-Year SOFR Swap Spread -14.75 +1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -1.25 unch.
- N. America Investment Grade Credit Default Swap Index 52.3 -3.2%
- BofA Private Credit Proxy Index 70.9 -2.9%
- America Energy Sector High-Yield Credit Default Swap Index 105.0 -1.4%
- High-Yield Tech Sector OAS Index 441.0 -4.1%
- Bloomberg TRACE # Distressed Bonds Traded 242.0 +3.0
- European Financial Sector Credit Default Swap Index 57.7 -5.5%
- Emerging Markets Credit Default Swap Index 157.5 -1.4%
- MBS 5/10 Treasury Spread 115.0 +1.0 basis point
- Bloomberg CMBS Investment Grade Bbb Average OAS 545.0 -7.0 basis points
- Avg. Auto ABS OAS .48 -1.0 basis point
- M2 Money Supply YoY % Change +4.6% unch.
- Commercial Paper Outstanding $1,431.4B -.3%
- 4-Week Moving Average of Jobless Claims 202,500 -.7%
- Continuing Claims Unemployment Rate 1.2% unch.
- Kastle Back-to-Work Barometer(entries in secured buildings) 55.0 +.7%
- Average 30-Year Fixed Home Mortgage Rate 6.46% unch.
- Weekly Mortgage Applications 283,500 -2.3%
- Weekly Retail Sales +8.9% -70.0 basis points
- OpenTable US Seated Diners % Change YoY +13.0% unch.
- Box Office Weekly Gross $216.2M -6.2%
- Nationwide Gas $4.55/gallon +.02/gallon
- Baltic Dry Index 2,964.0 -5.9%
- Drewry World Container Freight Index $2,711.8/40 ft Box +6.2%
- China (Export) Containerized Freight Index 1,317.4 +2.9%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 225.0 -10.0%
- Truckstop.com Market Demand Index 168.3 +31.0%
- Rail Freight Carloads 280,719 -1.2%
- TSA Total Traveler Throughput 2,955,843 +30.7%
- US Morning Consult Daily Consume Sentiment Index 87.6 -1.4 points
- Rasmussen Reports Daily Presidential Approval Tacking Poll 43.0% +1.0 percentage point
Best Performing Style
- Small-Cap Growth +2.9%
Worst Performing Style
- Large-Cap Growth +.6%
Leading Sectors
- Computer Services +16.1%
- Airlines +12.4%
- Computer Hardware +10.4%
- Cyber Security +6.4%
- Semis +5.9%
Lagging Sectors
- Agriculture -1.0%
- Construction -1.1%
- I-Banking -1.3%
- Gold & Silver -1.4%
- Social Media -2.5%
Weekly High-Volume Stock Gainers (88)
- HLIT, RGTI, NVTS, CRNC, BELL, LPTH, IMAX, HPQ, SHAZ, VSH, RDW, QBTS, LION, QCOM, NTAP, INFQ, CRDO, UMAC, UTI, FLY, ZM, EL, QUBT, AEVA, P, HPE, NOK, PENG, ATKR, VOYG, LUNR, NUCL, FLNC, DUOT, F, PRIM, TTMI, GNRC, VELO, OSS, SYM, AOSL, VPG, RKLB, IONQ, SATL, ASTS, ROST, HIMX, NNE, OSIS, QRVO, SPOT, ASYS, GFS, LOGI, JOBY, AMBQ, USAR, MRK, VST, BWA, TX, WDAY, APH, NAVN, MP, MITK, DIOD, VSAT, OUST, DMRC, MDA, DXYZ, CLFD, RYAAY, GHRS, SUPX, BETA, BIRK, XNDU, MT, GHRS, WOLF and AAL
Weekly High-Volume Stock Losers (18)
- TDS, MAIN, BEKE, PDD, PPTA, TCOM, RDDT, BRUN, TTWO, ATAT, HSHP, QFIN, GSL, BJ, GKOS, STRO, CAE and FUTU
ETFs
Stocks
*5-Day Change
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