Weekly Scoreboard*

S&P 500 3,231.16 -1.87%

The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 28,305.83 -2.27%

• NASDAQ 9,177.23 -1.42%

• Russell 2000 1,617.28 -2.70%

• S&P 500 High Beta 44.86 -4.53%

• Goldman 50 Most Shorted 149.33 -4.25%

• Wilshire 5000 33,007.91 -1.89%

• Russell 1000 Growth 1,813.91 -1.46%

• Russell 1000 Value 1,317.53 -2.24%

• S&P 500 Consumer Staples 649.35 -.72%

• MSCI Cyclicals-Defensives Spread 1,155.26 +.60%
  

• NYSE Technology 2,238.99 -2.01%

• Transports 10,588.11 -4.17%

• Utilities 937.15 +.47%

• Bloomberg European Bank/Financial Services 74.19 -2.4%

• MSCI Emerging Markets 42.29 -5.56%

• HFRX Equity Hedge 1,277.63 -.38%

• HFRX Equity Market Neutral 944.41 +.16%

Sentiment/Internals

• NYSE Cumulative A/D Line 398,915 -.57%

• Bloomberg New Highs-Lows Index 29 -329

• Bloomberg Crude Oil % Bulls 26.7 +18.1%

• CFTC Oil Net Speculative Position 520,568 -1.84%

• CFTC Oil Total Open Interest 2,146,832 -3.12%

• Total Put/Call 1.12 +2.75%

• OEX Put/Call 2.38 +15.3%

• ISE Sentiment 70.0 +15

• NYSE Arms 1.48 -33.8%

• Volatility(VIX) 18.5 +28.4%

• S&P 500 Implied Correlation 42.78 +5.42%

• G7 Currency Volatility (VXY) 5.46 +9.42%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.79 +11.3%

• Smart Money Flow Index 15,389.12 -.49%

• ICI Money Mkt Mutual Fund Assets $3.621 Trillion -.3%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$3.451 Billion

• AAII % Bulls 32.0 -29.9%

• AAII % Bears 36.9 +48.8%

Futures Spot Prices

• CRB Index 170.31 -3.25%

• Crude Oil 51.68 -5.44%

• Reformulated Gasoline 148.87 -1.68%

• Natural Gas 1.84 -1.91%

• Heating Oil 162.45 -6.5%

• Gold 1,585.70 +.86%

• Bloomberg Base Metals Index 164.30 -5.3%

• Copper 251.50 -6.2%

• US No. 1 Heavy Melt Scrap Steel 289.0 USD/Metric Tonne +.7%

• China Iron Ore Spot 80.33 USD/Metric Tonne -10.25%

• Lumber 437.3 +2.1%

• UBS-Bloomberg Agriculture 880.47 -2.1%

Economy

• Atlanta Fed GDPNow Forecast +2.74% +95.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate +5.9% +70.0 basis points
• Bloomberg US Recession Probability Next 12 Months 30.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.1257 +9.04%

• US Economic Policy Uncertainty Index 179.54 +33.6%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 177.85 +.16%

• Citi US Economic Surprise Index 7.6 -2.4 points

• Citi Eurozone Economic Surprise Index 21.1 -29.7 points

• Citi Emerging Markets Economic Surprise Index 20.8 +11.5 points

• Fed Fund Futures imply 80.8% chance of no change, 19.2% chance of rate cut on 3/18

• US Dollar Index 97.46 -.42%

• MSCI Emerging Markets Currency Index 1,648.85 -.76%

• Bitcoin/USD 9,296.93 +9.5%

• Euro/Yen Carry Return Index 124.60 -.32%

• Yield Curve 18.0 -5.0 basis points
  

• 10-Year US Treasury Yield 1.53% -15.0 basis points

• Federal Reserve's Balance Sheet $4.112 Trillion +.13%

• U.S. Sovereign Debt Credit Default Swap 14.88 +.51%

• Illinois Municipal Debt Credit Default Swap 161.94 -.02%
  

• Italian/German 10Y Yld Spread 137.0 -19.75 basis points

• China Sovereign Debt Credit Default Swap 42.0 +13.8%
  

• Brazil Sovereign Debt Credit Default Swap 102.82 +1.47%
  

• Israel Sovereign Debt Credit Default Swap 45.68 +3.05%

• South Korea Sovereign Debt Credit Default Swap 28.02 +17.1%

• Russia Sovereign Debt Credit Default Swap 64.09 +4.72%

• iBoxx Offshore RMB China Corporate High Yield Index 169.91 +.25%

• 10-Year TIPS Spread 1.64% -3.0 basis points

• TED Spread 21.75 -5.0 basis points

• 2-Year Swap Spread 6.5 +.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -6.25 -1.75 basis points

• N. America Investment Grade Credit Default Swap Index 49.68 +6.37%
  

• America Energy Sector High-Yield Credit Default Swap Index 634.0 +3.13%

• European Financial Sector Credit Default Swap Index 54.06 +1.07%
  

• Emerging Markets Credit Default Swap Index 190.91 +1.98%
  

• CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 180.0 unch.
  

• M1 Money Supply $3.982 Trillion +.76%

• Commercial Paper Outstanding 1,119.4 +.4%

• 4-Week Moving Average of Jobless Claims 213,250 +1,250

• Continuing Claims Unemployment Rate 1.2% unch.
  

• Average 30-Year Mortgage Rate 3.51% -9.0 basis points

• Weekly Mortgage Applications 649.80 +7.19%

• Bloomberg Consumer Comfort 67.3 +1.3 points

• Weekly Retail Sales +5.3% +20.0 basis points

• Nationwide Gas $2.49/gallon -.04/gallon

• Baltic Dry Index 498.0 -10.6%

• China (Export) Containerized Freight Index 965.31 n/a

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 40.0 -20.0%

• Rail Freight Carloads 252,965 -3.57%

Best Performing Style

• Large-Cap Growth -1.5%

Worst Performing Style

• Small-Cap Value -3.0%

Leading Sectors

• Software +1.2%

• Utilities +.5%

• Insurance unch.

• Computer Services unch.

• Gold & Silver -.4%

Lagging Sectors

• Networking -7.0% 

• Steel -7.0%

• Energy -7.1%

• Shipping -7.5%

• Oil Service -8.8%

Weekly High-Volume Stock Gainers (5)

• VIR, DECK, XLRN, AJG and FII

Weekly High-Volume Stock Losers (43)

• RYN, IDXX, EA, SKY, ORLY, CAT, DD, MNRO, CFFN, POL, IP, HON, GFF, OLED, WCC, EBAY, FB, APTS, GWW, PKG, HGV, CVX, UPS, XOM, LPLA, BGR, CMI, NVST, HUN, HQY, NGVT, VLO, KEX, OLN, AMGN, QY, OIS, PSX, CE, BERY, BR, SKYW and WWE

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Falling Substantially into Afternoon on Coronavirus Fears, Global Growth Concerns, Earnings Outlooks, Commodity/Retail Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Above Average

• Market Leading Stocks: Performing In Line

Equity Investor Angst:

• Volatility(VIX) 19.0 +22.5%

• Euro/Yen Carry Return Index 124.52 -.11%

• Emerging Markets Currency Volatility(VXY) 6.79 +1.34%

• S&P 500 Implied Correlation 44.0 +7.5%

• ISE Sentiment Index 73.0 -3
  

• Total Put/Call 1.09 +28.2%

• NYSE Arms 1.62 +74.2%

Credit Investor Angst:

• North American Investment Grade CDS Index 49.93 +4.75%
  

• America Energy Sector High-Yield CDS Index 627.0 +2.0%

• European Financial Sector CDS Index 54.18 +.64%

• Italian/German 10Y Yld Spread 137.0 +2.25 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 58.19 +.81%
  

• Emerging Market CDS Index 197.21 +2.33%
  

• iBoxx Offshore RMB China Corporate High Yield Index 169.91 +.01%

• 2-Year Swap Spread 6.5 +.75 basis point

• TED Spread 21.75 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -6.25 -1.75 basis points

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 65.18 -.31%
• 3-Month T-Bill Yield 1.55% -1.0 basis point

• Yield Curve .18 +1.0 basis point

• China Iron Ore Spot 80.33 USD/Metric Tonne -2.17%

• Citi US Economic Surprise Index 7.60 -.6 point

• Citi Eurozone Economic Surprise Index 21.10 -22.7 points

• Citi Emerging Markets Economic Surprise Index 20.8 +7.5 points

• 10-Year TIPS Spread 1.63 -1.0 basis point
• 40.7% chance of Fed April 29th meeting, 59.8% chance of cut at June 10th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -495 open in Japan 
• China A50 Futures: Indicating -1,101 open in China

• DAX Futures: Indicating -61 open in Germany

Portfolio:

• Slightly Higher: On gains in my index hedges and emerging market shorts

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges

• Market Exposure: Moved to 25% Net Long