Evening Headlines

Bloomberg:       

• South Korea to Ease Social Distancing to Help Small Biz.
  
• WHO Backs Away From Outright Rejection of Virus Lab-Leak Theory.
• American Oil Demand Is Emerging After Months of Covid Paralysis.
• U.S. Stocks Climb to Record; Crude Oil Rallies: Markets Wrap.
• VIX Settles Below 20 for First Time Since Pandemic Rout Hit.
• Citadel’s Griffin, Robinhood CEO to Testify at GameStop Hearings.
• JPMorgan’s Pinto Says Client Demand Isn’t There Yet on Bitcoin.
• ‘Black Swan’ Author Calls Bitcoin a Failure, at Least for Now.  
• U.S. Home Builders Urge Biden to Help Slow Housing Inflation.  
• Google, Microsoft, Qualcomm Protest Nvidia’s Acquisition of Arm Ltd.   
• Charting the Global Economy: U.S. Growth Forecasts Upgraded.

Wall Street Journal:

• How Equality Lost to ‘Equity’.
• CDC Presses K-12 Schools to Reopen.
• How Car Makers Collided With a Global Chip Shortage.
• The Pandemic Spending Hangover.
• The New Electric Vehicles Now Hitting the Road.
• Yellen Is Creating a New Senior Treasury Post for Climate Czar.
• U.S. Water Supply Has Few Protections Against Hacking.
• 13 Interior Design Trends Shaped by the Pandemic.

CNBC:

• A large share of Republicans want Trump to remain head of the party, CNBC survey shows.
• Gina Carano gets new gig with Ben Shapiro’s The Daily Wire after Disney firing.
• Bidding wars are off the charts, as home listings fall to a record low.

IG:

• Weekend Markets Trading Live.

MarketWatch.com:     

• The stock market is being stoked by stimulus hopes — here’s how big investors expect it to be.  
• Dogecoin founder says crypto’s rise is ‘not something I can comprehend’.  
• Disney stock dips after earnings as analyst asks: ‘How many times can investors get paid for the same thing?’

Fox News:

• Anti-Trump group suffers another shocking blow as co-founder Steve Schmidt announces his resignation.
• Top advisers ditch anti-Trump Lincoln Project as implosion gains steam.
• Mainstream media glorified, promoted Lincoln Project as 'NeverTrump geniuses'.
• Cuomo avoids reporters at White House as pressure grows over COVID cover-up.
• GREGG JARRETT: How Trump's lawyers destroyed Dems' case for impeachment.

Newsmax:

• Alan Dershowitz to Newsmax TV: Trump's Lawyers 'Have Won'.
• Sen. Blackburn: Hope Biden Understands 'China Is Not Our Friend'.
  

Zero Hedge: 

• Trump Legal Team Plays Scorching Montage Of Democrats 'Inciting' And Challenging Past Elections.
• CDC Issues Guidance For Schools To Reopen "As Soon As Possible".
• JPMorgan Predicts That The Biggest Short Squeeze Yet Begins Next Month.
• Cuomo Guilty Of Obstruction? GOP Rep Calls For Investigation Into Nursing Home Cover-Up.
• New Video Shows Massive California Container Ship Traffic Jam.
• Lincoln Project Co-Founder Resigns Amid Accusations Of Criminality.
• Lockdowns Have Devastated The Global Poor.
• 'You're Nothing Special': Frustration In Israel As Biden Still Hasn't Phoned Netanyahu.
• Living In Florida Becomes More Expensive As Insurers Jack Up Rates By Double-Digits.
• China "Refuses" To Hand Over Raw Data On Early COVID Cases To WHO Team.
• Biden's "100 Days" Of Masks Transforms Into Masks "Through The Next Year".
• Morgan Stanley Warns Record Flood Of Retail Investors Is Buying The VIX, Could Trigger Huge Squeeze.
• "Supply Is Frozen" - Polar Vortex Sparks Massive Spike In NatGas/Electricity Costs.
• When Corporations Become More Powerful Than The Government, Our Definition Of "Big Brother" Needs To Change.
• Bonds & The Dollar Dumped, Black Gold & Bitcoin Pumped.

TheGatewayPundit.com:

• Joe Biden Approaches Maskless Female Reporter…Hands Her His Cup…Tells Her To Drink From It During Pandemic [VIDEO].
• “We Shouldn’t Have Followed Him – We Shouldn’t Have Listened to Him” – Nikki Haley Slams Trump and His Supporters.
• Republican Senator Tom Cotton Presses Biden On Flood Of Unvaccinated Illegal Immigrants Crossing Border.
• “WEB REPORTS… COULD NOT BE CONFIRMED” – Virginia Delegate Chris Head .Responds to Ballot Dumps of 300,000 Biden Votes and He Doesn’t Seem to Care.
• BOOM! Trump Impeachment Attorney Drops a Bomb on Democrats, Reminds Americans – “One of the First People Arrested was a Leader of Antifa” (VIDEO).
• YouTube Censors Gateway Pundit, Locks Down Account After Posting Interview with New Hampshire Official on Stolen Votes from Voting Machines.
• COLORADO TOO! Colorado’s 2020 Election Results Are Also Suspect – Biden’s Numbers Raise Serious Red Flags and Alleged Turnout Is More Like Saddam’s Iraq than the US.

The Epoch Times:

• Chinese Citizens Needing Urgent Medical Care Are Neglected During Strict Lockdown.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.
  

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 3,917.33 +.75%*

 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices

• DJIA 31,366 +.73%

• NASDAQ 14,030.77 +1.27%

• Russell 2000 2,283.58 +2.21%

• S&P 500 High Beta 63.09 +2.94%

• Goldman 50 Most Shorted 337.35 +3.46%

• Wilshire 5000 41,581 +1.32%

• Russell 1000 Growth 2,550.98 +.83%

• Russell 1000 Value 1,419.32 +1.68%

• S&P 500 Consumer Staples 672.62 -.39%

• MSCI Cyclicals-Defensives Spread 1,409.11 +.45%
  

• NYSE Technology 4,177.59 +3.21%

• Transports 13,167.45 +2.56%

• Utilities 854.36 -1.65%

• Bloomberg European Bank/Financial Services 63.55 +2.0%

• MSCI Emerging Markets 57.57 +2.65%

• HFRX Equity Hedge 1,357.47 +.35%

• HFRX Equity Market Neutral 923.99 +.14%

Sentiment/Internals

• NYSE Cumulative A/D Line 457,213 +1.06%

• Bloomberg New Highs-Lows Index 1,848 +832

• Crude Oil Commercial Bullish % Net Position -41.41 +4.6%

• CFTC Oil Net Speculative Position 499,174 -1.08%

• CFTC Oil Total Open Interest 2,389,677 +3.15%

• Total Put/Call .80 +1.4%

• OEX Put/Call 1.05 -53.0%

• ISE Sentiment 131.0 +8.0 points

• NYSE Arms .60 -45.4% 
• Bloomberg Global Risk-On/Risk-Off Index 2,666.0 +334.0 points
  

• Volatility(VIX) 20.5 -1.44%

• S&P 500 Implied Correlation 51.24 -1.11%

• G7 Currency Volatility (VXY) 6.32 -1.56%
  

• Emerging Markets Currency Volatility (EM-VXY) 9.51 -3.6%

• Smart Money Flow Index 13,304.77 +1.11%

• ICI Money Mkt Mutual Fund Assets $4.317 Trillion +.14%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -12.655 Million

• AAII % Bulls 45.5 +21.7%

• AAII % Bears 26.3 -26.1%

Futures Spot Prices

• CRB Index 185.41 +2.2%

• Crude Oil 59.68 +4.5%

• Reformulated Gasoline 169.82 +2.53%

• Natural Gas 2.95 +1.94%

• Heating Oil 177.73 +3.37%

• Gold 1,823.30 +.48%
• Silver 27.37 +1.26%
  

• Bloomberg Base Metals Index 225.18 +4.2% 

• Copper 378.25 +3.9%

• US No. 1 Heavy Melt Scrap Steel 418.0 USD/Metric Tonne +.72%

• China Iron Ore Spot 152.88 USD/Metric Tonne +7.62%

• Lumber 980.0 +6.77%

• UBS-Bloomberg Agriculture 1,101.52 +.1%

Economy

• Atlanta Fed GDPNow Forecast +4.5% -.2 percentage point
  

• ECRI Weekly Leading Economic Index Growth Rate +22.1% +.5 percentage point
  
• Bloomberg US Recession Probability Next 12 Months 20.0% unch.
  

• NY Fed Real-Time Weekly Economic Index -2.25 -20.32%

• US Economic Policy Uncertainty Index 120.80 +18.0%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 175.76 +.68%

• Citi US Economic Surprise Index 53.5 -17.7 points

• Citi Eurozone Economic Surprise Index 136.90 -8.8 points

• Citi Emerging Markets Economic Surprise Index 63.80 -1.6 points

• Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 3/17

• US Dollar Index 90.42 -.66%

• MSCI Emerging Markets Currency Index 1,729.14 +.65%
  

• Bitcoin/USD 47,839.0 +26.3%

• Euro/Yen Carry Return Index 131.54 +.18%

• Yield Curve 105.0 unch.
  

• 10-Year US Treasury Yield 1.19% +3.0 basis points
  

• Federal Reserve's Balance Sheet $7.402 Trillion +.43%

• U.S. Sovereign Debt Credit Default Swap 11.76 -3.4%

• Illinois Municipal Debt Credit Default Swap 276.89 -4.3%
  

• Italian/German 10Y Yld Spread 90.5 -7.75 basis points
  

• China Sovereign Debt Credit Default Swap 29.24 -.36%
  

• Brazil Sovereign Debt Credit Default Swap 153.14 +2.87%
  

• Israel Sovereign Debt Credit Default Swap 40.37 +.04%

• South Korea Sovereign Debt Credit Default Swap 22.29 -2.8%

• Russia Sovereign Debt Credit Default Swap 85.80 +4.6%

• iBoxx Offshore RMB China Corporate High Yield Index 185.03 -.27%

• 10-Year TIPS Spread 2.22% +3.0 basis points

• TED Spread 16.25 -.5 basis point

• 2-Year Swap Spread 9.5 +.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap 0.0 +4.5 basis points

• N. America Investment Grade Credit Default Swap Index 50.76 -.59%
  

• America Energy Sector High-Yield Credit Default Swap Index 388.0 -5.18%

• European Financial Sector Credit Default Swap Index 56.65 -1.9%
  

• Emerging Markets Credit Default Swap Index 159.25 +1.77%
  

• MBS 5/10 Treasury Spread 65.75 +.5 basis point
  
• Markit CMBX BBB-6 75.63 +.33%

• M1 Money Supply $6.812 Trillion unch.

• Commercial Paper Outstanding 1,076.60 +1.9%

• 4-Week Moving Average of Jobless Claims 823,000 -3.91%

• Continuing Claims Unemployment Rate 3.2% unch.
  

• Average 30-Year Mortgage Rate 2.73% unch.

• Weekly Mortgage Applications 940,400 -4.15%

• Bloomberg Consumer Comfort 44.9 +.3 point

• Weekly Retail Sales +.7% -250.0 basis points

• Nationwide Gas $2.50/gallon +.04/gallon

• Baltic Dry Index 1,313 -1.5%

• China (Export) Containerized Freight Index 2,061.51 +1.05%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5-12.5%
• Truckstop.com Market Demand Index 132.95 +4.46%

• Rail Freight Carloads 269,422 -6.88%

Best Performing Style

• Small-Cap Value +3.0%

Worst Performing Style

• Large-Cap Growth +.8%
  

Leading Sectors

• Marijuana +10.7%

• Semis +7.9%
  

• Education +7.1%

• Social Media +6.9%

• Disk Drives +6.1%
  

Lagging Sectors

• Gold & Silver +1.0%
  

• Foods +.6%

• Telecom -.5%

• Gaming -1.0%

• Utilities -1.7%

Weekly High-Volume Stock Gainers (43)

• IMGN, FSR, ILMN, RIOT, VUZI, HUBS, INO, ACMR, COHR, CLPT, CCIV, COWN, TWOU, DMTK, GNK, CLVR, GOGO, KOPN, CVLB, CGNX, AMKR, MATX, EXPC, HAAC, SSTK, MHK, TMDX, GBX, ANAB, TWTR, NPTN, VITL, TER, BIO, KALV, PYPL, AAWW, BBIO, MDLA, VRNS, AOSL, STIC and Z
  

Weekly High-Volume Stock Losers (7)

• PRLB, RMO, AHCO, FUSE, NWL, NUS and FOLD
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Higher into Afternoon on Stimulus Hopes, Oil Gain, Technical Buying, Commodity/Road & Rail Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Slightly Higher
  

• Sector Performance: Mixed
  

• Volume: Below Average

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 20.5 -3.7%
• Bloomberg Global Risk On/Risk Off Index 2,665.0 +111.0 points

• Euro/Yen Carry Return Index 131.55 +.10%

• Emerging Markets Currency Volatility(VXY) 9.51 -.94%

• S&P 500 Implied Correlation 50.68 -4.1%

• ISE Sentiment Index 125.0 -7.0 points
  

• Total Put/Call .77 +6.94%

• NYSE Arms .60 -53.5%

Credit Investor Angst:

• North American Investment Grade CDS Index 50.69 -.59%
  

• US Energy High-Yield OAS 500.56 -.46%

• European Financial Sector CDS Index 56.71 +.63%

• Italian/German 10Y Yld Spread 90.75 -.75 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 57.55 -.13%
  

• Emerging Market CDS Index 159.57 +.41%
  

• iBoxx Offshore RMB China Corporate High Yield Index 185.03 +.02%

• 2-Year Swap Spread 9.5 +.25 basis point

• TED Spread 16.25 -.5 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap 0.0 +.25 basis point
  
• MBS  5/10 Treasury Spread  67.0 +1.0 basis point
  
• IHS Markit CMBX BBB- 6 75.75 unch.

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 63.08 +.08%
• 3-Month T-Bill Yield .04% unch.
  

• Yield Curve 105.0 +1.0 basis point
  

• China Iron Ore Spot 160.95 USD/Metric Tonne -1.1%

• Citi US Economic Surprise Index 53.50 -6.7 points

• Citi Eurozone Economic Surprise Index 136.9 -2.4 points
  

• Citi Emerging Markets Economic Surprise Index 63.8 +2.8 points

• 10-Year TIPS Spread 2.22 +2.0 basis points
• 100.0% chance of no change at April 28th meeting, 100.0% chance of no change at June 16th meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating +50 open in Japan 
• China A50 Futures: Indicating +37 open in China

• DAX Futures: Indicating -17 open in Germany

Portfolio:

• Higher: On gains in my tech/medical/biotech/energy/industrial sector longs
  

• Disclosed Trades: None

• Market Exposure: 75% Net Long
  

Bear Radar

 Style Underperformer:

• Small-Cap Growth -.1%

Sector Underperformers:

• 1) Utilities -1.4% 2) Homebuilding -1.1% 3) Insurance -.9%

Stocks Falling on Unusual Volume: 

• CDAK, SGEN, QUOT, CC, CTT, NET, MGTA, NWL, GDDY, FUSE, IIVI and NSP
  

Stocks With Unusual Put Option Activity:

• 1) ASHR 2) FLEX 3) FOLD 4) WMB 5) LLNW
  

Stocks With Most Negative News Mentions:

• 1) LLNW 2) FOLD 3) ACB 4) NUS 5) SPCE
  

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

 Style Outperformer:

• Mid-Cap Growth +.6%

Sector Outperformers:

• 1) Shipping +2.8% 2) Road & Rail +1.9% 3) I-Banks +1.7%

Stocks Rising on Unusual Volume:

• IMGN, FSR, VCRA, SEER, QS, HUBS, COHR, COWN, ILMN, DMTK, KOPN, TWOU, ACMR, GOGO, INO, CLVR, HAAC, CGNX, MHK, TWTR, SSTK, AMKR, WCC, AOSL, VITL, REKR and IRDM
  

Stocks With Unusual Call Option Activity:

• 1) AMKR 2) UFS 3) WMB 4) XXII 5) VG

Stocks With Most Positive News Mentions:

• 1) HUBS 2) FSR 3) IMGN 4) VCRA 5) ALB
  

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume