Saturday, June 12, 2021

Today's Headlines

Bloomberg:        
Wall Street Journal:
CNBC:
  • Had bullish commentary on (LLY).
  • Had bearish commentary on (TSM).
MarketWatch.com:            
Newsmax:   
Zero Hedge:
TheGatewayPundit.com:

Friday, June 11, 2021

Weekly Scoreboard*


S&P 500 4,241.13 +.12%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 34,431.0 -1.1%
  • NASDAQ 14,046.0 +1.5%
  • Russell 2000 2,330.0 +1.6%
  • S&P 500 High Beta 77.1 -1.4%
  • Goldman 50 Most Shorted 349.0 +4.8%
  • Wilshire 5000 44,344.9 +.4%
  • Russell 1000 Growth 2,623.03 +1.45%
  • Russell 1000 Value 1,584.74 -.8%
  • S&P 500 Consumer Staples 725.60 -1.2%
  • MSCI Cyclicals-Defensives Spread 1,397.72 -1.4%
  • NYSE Technology 3,995.30 +.75%
  • Transports 15,328.70 -.99%
  • Utilities 910.31 +.68%
  • Bloomberg European Bank/Financial Services 74.42 -.89%
  • MSCI Emerging Markets 55.22 -1.6%
  • HFRX Equity Hedge 1,428.57 +.16%
  • HFRX Equity Market Neutral 942.26 -.66%
Sentiment/Internals
  • NYSE Cumulative A/D Line 479,636 +.58%
  • Bloomberg New Highs-Lows Index 753 +344
  • Crude Oil Commercial Bullish % Net Position -38.46 -.63%
  • CFTC Oil Net Speculative Position 491,297 +3.3%
  • CFTC Oil Total Open Interest 2,507,073 +3.3%
  • Total Put/Call .80 +3.6%
  • OEX Put/Call 2.37 +34.1%
  • ISE Sentiment 147.0 +41.0 points
  • NYSE Arms 1.19 -23.3
  • Bloomberg Global Risk-On/Risk-Off Index 3,327.0 -278.0 points
  • Bloomberg Financial Conditions Index + Bubbles 3.54 +6.2% 
  • Volatility(VIX) 15.6 -4.0%
  • S&P 500 Implied Correlation 47.4 -2.4%
  • G7 Currency Volatility (VXY) 5.66 -8.1%
  • Emerging Markets Currency Volatility (EM-VXY) 8.46 -5.6%
  • Smart Money Flow Index 14,224.83 -1.9%
  • ICI Money Mkt Mutual Fund Assets $4.605 Trillion -.15%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +.810 Million
  • AAII % Bulls 40.2 -8.8%
  • AAII % Bears 20.7 +4.6%
Futures Spot Prices
  • CRB Index 212.25 +.8%
  • Crude Oil 70.9 +2.5%
  • Reformulated Gasoline 218.63 -1.0%
  • Natural Gas 3.30 +6.1%
  • Heating Oil 211.80 +.02%
  • Gold 1,876.81 -.69%
  • Silver 27.97 +.84%
  • S&P GSCI Industrial Metals Index 467.65 +.21%
  • Copper 454.35 +.41%
  • US No. 1 Heavy Melt Scrap Steel 515.0 USD/Metric Tonne +1.6%
  • China Iron Ore Spot 210.10 USD/Metric Tonne +9.4%
  • Lumber 1,059.20 -17.5%
  • UBS-Bloomberg Agriculture 1,295.50 -.14%
  • US Gulf NOLA Potash Spot 400.0 USD/Short Ton +5.3%
Economy
  • Atlanta Fed GDPNow Forecast +9.3% -1.0 percentage point
  • ECRI Weekly Leading Economic Index Growth Rate +19.5% -.5 percentage point
  • Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  • NY Fed Real-Time Weekly Economic Index +10.01 -10.9%
  • US Economic Policy Uncertainty Index 142.7 +183.0%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 199.41 +.56%
  • Citi US Economic Surprise Index 47.1 +36.6 points
  • Citi Eurozone Economic Surprise Index 128.90 -17.1 points
  • Citi Emerging Markets Economic Surprise Index 88.2 +28.6 points
  • Fed Fund Futures imply 97.0% chance of no change, 3.0% chance of rate hike on 6/16
  • Federal Reserve's Balance Sheet $7.913 Trillion +.22%
  • MBS 5/10 Treasury Spread 69.0 +3.25 basis points
  • Markit CMBX BBB-6 74.75 +2.0 basis points
  • M2 Money Supply YoY % Change 18.0 unch.
  • Commercial Paper Outstanding 1,175.90 -.8%
  • 4-Week Moving Average of Jobless Claims 402,500 -5.96%
  • Continuing Claims Unemployment Rate 2.5% -20.0 basis points
  • Average 30-Year Mortgage Rate 2.96% -3.0 basis points
  • Weekly Mortgage Applications 645,400 -3.08%
  • Bloomberg Consumer Comfort 55.4 -.2 point
  • Weekly Retail Sales +14.5% +140.0 basis points
  • Nationwide Gas $3.08/gallon +.03/gallon
  • Baltic Dry Index 2,669 +9.5%
  • China (Export) Containerized Freight Index 2,296.36 +3.4%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 -12.5%
  • Truckstop.com Market Demand Index 185.71 -5.3%
  • Rail Freight Carloads 261,647 -8.81%
Best Performing Style
  • Small-Cap Growth +2.8%
Worst Performing Style
  • Large-Cap Value -.8%
Leading Sectors
  • Shipping +6.7%
  • Biotech +5.6%
  • Alt Energy +3.2%
  • Education +3.0%
  • Pharma +2.6%
Lagging Sectors
  • Road & Rail -2.1%
  • Insurance -2.3%
  • Banks -3.6%
  • Oil Service -3.7%
  • Homebuilding -4.8%
Weekly High-Volume Stock Gainers (15)
  • SAVA, ANVS, MDLA, AFRM, CCXI, ARWR, CLOV, NESR, CLF, ZM, WKHS, HA, CRC, UWMC and BPMP
Weekly High-Volume Stock Losers (5)
  • CRCT, GOGO, RAMP, UPST and FMSX
ETFs
Stocks
*5-Day Change

Morning Market Internals

NYSE Composite Index:

  • Volume Running -22.8% Below 100-Day Average 
  • 6 Sectors Rising, 5 Sectors Declining
  • 56.1% of Issues Advancing, 39.2% Declining
  • 169 New 52-Week Highs, 7 New Lows
  • 89.1% of Issues Above 200-day Moving Average
  • Average 14-Day RSI 53.9%
  • Bloomberg Global Risk-On/Risk-Off Index 3,340.0 -16.0 points
  • Vix 15.5 -3.5%
  • Total Put/Call .81 +3.9%
  • TRIN/Arms 1.19 -6.3%

Thursday, June 10, 2021

Friday Watch

Evening Headlines
Bloomberg:            
Wall Street Journal:
Fox News:
CNBC.com:
MarketWatch.com:       
Zero Hedge: 
Newsmax:
TheGatewayPundit.com:
The Epoch Times: 
Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 83.75 -.25 basis point.
  • China Sovereign CDS 35.5 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 61.97 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 3,194.0 -161.0 points.
  • Volatility Index(VIX) futures 19.54 +.5%.
  • FTSE 100 futures -.01%.
  • S&P 500 futures -.01%.
  • NASDAQ 100 futures +.07%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Univ. of Mich. Consumer Sentiment for June is estimated to rise to 84.2 versus 82.9 in May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK Industrial Production report, Bloomberg June US Economic Survey and the (FDX) June economic update could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.