Saturday, April 17, 2021

Today's Headlines

Bloomberg:

Wall Street Journal:
CNBC:
  • Had bullish commentary on (CHPT), (COIN), (PETQ), (ORLY) and (DIS).
MarketWatch.com:     
Fox News:
Newsmax:  
Zero Hedge:
TheGatewayPundit.com:

Friday, April 16, 2021

Weekly Scoreboard*


S&P 500 4,185.48 +1.3%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 34,217.0 +1.2%
  • NASDAQ 14,054.0 +1.0%
  • Russell 2000 2,262.58 +.81%
  • S&P 500 High Beta 71.24 +.04%
  • Goldman 50 Most Shorted 314.11 +.87%
  • Wilshire 5000 43,752.17 +1.34%
  • Russell 1000 Growth 2,629.41 +1.7%
  • Russell 1000 Value 1,544.55 +1.2%
  • S&P 500 Consumer Staples 717.77 +1.4%
  • MSCI Cyclicals-Defensives Spread 1,433.80 -1.0%
  • NYSE Technology 4,030.66 -.03%
  • Transports 14,938.34 +.08%
  • Utilities 925.9 +3.8%
  • Bloomberg European Bank/Financial Services 70.27 +.43%
  • MSCI Emerging Markets 54.30 +1.2%
  • HFRX Equity Hedge 1,394.89 +.11%
  • HFRX Equity Market Neutral 941.02 -.06%
Sentiment/Internals
  • NYSE Cumulative A/D Line 466,461 +.51%
  • Bloomberg New Highs-Lows Index 1,186 +468
  • Crude Oil Commercial Bullish % Net Position -41.8 +3.1%
  • CFTC Oil Net Speculative Position 511,725 -3.69%
  • CFTC Oil Total Open Interest 2,340,357 +.57%
  • Total Put/Call .76 +2.7%
  • OEX Put/Call 2.33 +.4%
  • ISE Sentiment 109.0 +21.0 points
  • NYSE Arms .74 -28.6
  • Bloomberg Global Risk-On/Risk-Off Index 3,291.0 +84.0 points
  • Volatility(VIX) 16.2 -2.8%
  • S&P 500 Implied Correlation 49.4 -1.3%
  • G7 Currency Volatility (VXY) 6.21 -5.1%
  • Emerging Markets Currency Volatility (EM-VXY) 9.95 -5.8%
  • Smart Money Flow Index 14,375.35 +1.5%
  • ICI Money Mkt Mutual Fund Assets $4.454 Trillion -.67%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +4.826 Million
  • AAII % Bulls 53.8 -5.5%
  • AAII % Bears 24.6 +20.6%
Futures Spot Prices
  • CRB Index 193.49 +3.6%
  • Crude Oil 63.3 +6.5%
  • Reformulated Gasoline 204.9 +4.2%
  • Natural Gas 2.68 +6.3%
  • Heating Oil 189.63 +4.8%
  • Gold 1,779.14 +2.0%
  • Silver 26.04 +3.1%
  • Bloomberg Base Metals Index 244.0 +2.8
  • Copper 416.80 +3.4%
  • US No. 1 Heavy Melt Scrap Steel 430.0 USD/Metric Tonne -5.1%
  • China Iron Ore Spot 172.0 USD/Metric Tonne +4.0%
  • Lumber 1,299.0 +12.9%
  • UBS-Bloomberg Agriculture 1,169.21 +2.78%
  • US Gulf NOLA Potash Spot 318.0 USD/Short Ton unch.
Economy
  • Atlanta Fed GDPNow Forecast +8.3% +2.1 percentage points
  • ECRI Weekly Leading Economic Index Growth Rate +25.0% -.1 percentage point
  • Bloomberg US Recession Probability Next 12 Months 12.0% unch.
  • NY Fed Real-Time Weekly Economic Index +11.74 +19.8%
  • US Economic Policy Uncertainty Index 124.47 -12.6%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 184.80 +.98%
  • Citi US Economic Surprise Index 41.20 +4.0 points
  • Citi Eurozone Economic Surprise Index 141.70 -8.7 points
  • Citi Emerging Markets Economic Surprise Index 36.80 +11.6 points
  • Fed Fund Futures imply 93.9% chance of no change, 6.1% chance of rate hike on 4/28
  • US Dollar Index 91.56 -.66%
  • MSCI Emerging Markets Currency Index 1,708.63 +.46%
  • Bitcoin/USD 61,875 +5.8%
  • Euro/Yen Carry Return Index 134.73 -.13%
  • Yield Curve 142.0 -7.0 basis points
  • 10-Year US Treasury Yield 1.58% -7.0 basis points
  • Federal Reserve's Balance Sheet $7.754 Trillion +1.09%
  • U.S. Sovereign Debt Credit Default Swap 10.45 -3.3%
  • Illinois Municipal Debt Credit Default Swap 182.16 -3.3%
  • Italian/German 10Y Yld Spread 101.0 -2.0 basis points
  • China Sovereign Debt Credit Default Swap 38.39 +1.8%
  • Brazil Sovereign Debt Credit Default Swap 202.76 -8.2%
  • Israel Sovereign Debt Credit Default Swap 41.4 -5.5%
  • South Korea Sovereign Debt Credit Default Swap 21.79 -.18%
  • Russia Sovereign Debt Credit Default Swap 96.65 -16.3%
  • iBoxx Offshore RMB China Corporate High Yield Index 189.12 -.08%
  • 10-Year TIPS Spread 2.37% +5.0 basis points
  • TED Spread 18.0 unch.
  • 2-Year Swap Spread 11.75 -1.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.25 -.75 basis point
  • N. America Investment Grade Credit Default Swap Index 50.1 -1.5%
  • America Energy Sector High-Yield Credit Default Swap Index 354.0 -1.35%
  • European Financial Sector Credit Default Swap Index 57.53 -.56%
  • Emerging Markets Credit Default Swap Index 161.40 -9.4%
  • MBS 5/10 Treasury Spread 65.0 -2.75 basis points
  • Markit CMBX BBB-6 72.25 -1.0 basis point
  • M1 Money Supply $1.841 Trillion unch.
  • Commercial Paper Outstanding 1,207.40 +3.0%
  • 4-Week Moving Average of Jobless Claims 683,000 -6.5%
  • Continuing Claims Unemployment Rate 2.7% +10.0 basis points
  • Average 30-Year Mortgage Rate 3.04% -9.0 basis points
  • Weekly Mortgage Applications 667,700 -3.7%
  • Bloomberg Consumer Comfort 53.9 +2.0 points
  • Weekly Retail Sales +13.2% +390.0 basis points
  • Nationwide Gas $2.876/gallon -.01/gallon
  • Baltic Dry Index 2,323 +11.4%
  • China (Export) Containerized Freight Index 1,853.53 -.24%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 unch.
  • Truckstop.com Market Demand Index 160.70 -7.9%
  • Rail Freight Carloads 280,424 -1.9%
Best Performing Style
  • Mid-Cap Growth +2.0%
Worst Performing Style
  • Small-Cap Growth +.6%
Leading Sectors
  • Gold & Silver +4.1%
  • Utilities +3.2%
  • Biotech +3.0%
  • Medical Equipment +2.9%
  • Healthcare Providers +2.6%
Lagging Sectors
  • Banks -.6%
  • Semis -.8%
  • Gaming -3.1%
  • Airlines -3.1%
  • Alt Energy -6.3%
Weekly High-Volume Stock Gainers (23)
  • LSCC, PPG, NVAX, PGNY, AA, MRNA, HGV, SEMR, LOVE, UFS, REVG, LEVI, AXTA, WAL, ALXN, TTC, SHW, BRP, RH, FND, APLS and OLLI
Weekly High-Volume Stock Losers (12)
  • AGC, MWK, EAR, PCRX, CRF, ACLS, CLM, CLPT, BTBT, STIM, PINS and INTZ
ETFs
Stocks
*5-Day Change

Stocks Higher into Afternoon on US Economic Optimism, Stable Long-Term Rates, Less Emerging Market Debt Angst, Homebuilding/Shipping Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 16.3 -1.8%
  • Bloomberg Global Risk On/Risk Off Index 3,287.0 +52.0 points
  • Euro/Yen Carry Return Index 134.70 +.11%
  • Emerging Markets Currency Volatility(VXY) 10.0 -.10%
  • S&P 500 Implied Correlation 49.5 +6.3%
  • ISE Sentiment Index 113.0 -31.0 points
  • Total Put/Call .78 +2.6%
  • NYSE Arms .77 -45.4%
Credit Investor Angst:
  • North American Investment Grade CDS Index 50.05 -.35%
  • US Energy High-Yield OAS 450.87 -.72%
  • European Financial Sector CDS Index 57.51 -.6%
  • Italian/German 10Y Yld Spread 101.0 -1.0 basis point
  • Asia Ex-Japan Investment Grade CDS Index 82.10 -6.8%
  • Emerging Market CDS Index 161.32 -2.4%
  • iBoxx Offshore RMB China Corporate High Yield Index 189.12 +.03%
  • 2-Year Swap Spread 11.75 +.25 basis point
  • TED Spread 18.0 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.25 unch.
  • MBS  5/10 Treasury Spread  65.75 +.75 basis point
  • IHS Markit CMBX BBB- 6 72.25 unch.
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 61.07 +.04%
  • 3-Month T-Bill Yield .01% unch.
  • Yield Curve 142.0 -5.0 basis points
  • China Iron Ore Spot 172.0 USD/Metric Tonne +1.5%
  • Citi US Economic Surprise Index 41.20 +1.6 points
  • Citi Eurozone Economic Surprise Index 141.70 -1.5 points
  • Citi Emerging Markets Economic Surprise Index 36.8 -12.6 points
  • 10-Year TIPS Spread 2.37 +4.0 basis points
  • 90.1% chance of no change at June 16th meeting, 90.1% chance of no change at Sept. 22nd meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +112 open in Japan 
  • China A50 Futures: Indicating +9 open in China
  • DAX Futures: Indicating +37 open in Germany
Portfolio:
  • Slightly Higher: On gains in my medical/biotech/industrial sector longs
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 100% Net Long