Saturday, March 16, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:
Barron's:
  • Had bullish commentary on (PYPL), (DECK), (RL), (BBWI), (BURL), (ANF) and (TJX).

CNBC:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com:

Epoch Times:

X:
  • @elonmusk
  • @CharlieKirk
  • @JKernerOT
  • @MikeBenzCyber
  • @wideawake_media
  • @JimFergusonUK
  • @WallStreetApes
  • If The TikTok Bill Goes Through We Can Almost Certainly Expect X To Be Next. Joe Biden has already made it clear he believes @elonmusk needed to be looked at due to his “foreign relationships” when acquiring X. When the people in charge tell you their plan, believe them. Everyone agrees the bill is intentionally vague to give the Government broad interpretation of how they can enforce what’s defined as a "foreign adversary controlled applications"
  • @StillGray
  • @MJTruthUltra
  • @HealthRanger
  • @annvandersteel
  • @BreitbartNews
  • @songpinganq
  • @IGSquawk 
OpenVAERS:
SKirsch.com:

Friday, March 15, 2024

Evening Headlines

X:

  • @BGatesIsaPsycho
  • @OvertonLive
  • @naomirwolf
  • @Breaking911
  • @wideawake_media
  • @BorderHawkNews
  • @VigilantFox
  • @WallStreetApes
  • @WallStreetSilv
  • @TonyClimate
  • @StillGray
  • @RealCandaceO
  • @robinmonotti
  • @toobaffled
OpenVAERS:
SKirsch.com:

Weekly Scoreboard*


S&P 500 5,121.6 -.1%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • DJIA 38,681.1 +.1%
  • NASDAQ 15,975.3 -.5%
  • Russell 2000 2,039.8 -2.0%
  • NYSE FANG+ 9,719.2 -.9% 
  • Solactive Roundhill Meme Stock Index 441.9 -1.5%
  • Goldman 50 Most Shorted 161.16 -3.1%
  • Wilshire 5000 50,936.2 -.2%
  • Russell 1000 Growth 3,320.0 -.1%
  • Russell 1000 Value 1,707.9 -.1%
  • S&P 500 Consumer Staples 799.7 +.5%
  • Bloomberg Cyclicals/Defensives Pair Index 141.3 -.57%
  • NYSE Technology 4,689.5 -1.7%
  • Transports 15,515.2 -1.2%
  • Utilities 850.3 -.52%
  • Bloomberg European Bank/Financial Services 98.7 +2.4%
  • MSCI Emerging Markets 40.8 -.15%
  • Credit Suisse AllHedge Long/Short Equity Index 203.7 +.44%
  • Credit Suisse AllHedge Equity Market Neutral Index 109.1 +.3%
Sentiment/Internals
  • NYSE Cumulative A/D Line 490,320 -.15%
  • Nasdaq/NYSE Volume Ratio 6.5 +21.3%
  • Bloomberg New Highs-Lows Index 97 -1,569
  • Crude Oil Commercial Bullish % Net Position -29.8 unch.
  • CFTC Oil Net Speculative Position 238,51`2 +6.1%
  • CFTC Oil Total Open Interest 1,642,519 -.99%
  • Total Put/Call .77 -15.4%
  • OEX Put/Call 1.37 -32.4%
  • ISE Sentiment 133.0 -13.0 points
  • NYSE Arms .84 -24.6%
  • Bloomberg Global Risk-On/Risk-Off Index 68.1 +4.8%
  • Bloomberg US Financial Conditions Index 1.15 +12.0 basis points
  • Bloomberg European Financial Conditions Index 1.06 +7.0 basis points
  • Volatility(VIX) 14.6 +1.1%
  • DJIA Intraday % Swing .80 +66.7%
  • CBOE S&P 500 3M Implied Correlation Index 13.2 -3.5%
  • G7 Currency Volatility (VXY) 6.58 -4.8%
  • Emerging Markets Currency Volatility (EM-VXY) 6.12 -4.2%
  • Smart Money Flow Index 16,137.0 +1.2%
  • NAAIM Exposure Index  104.8 +10.8
  • ICI Money Mkt Mutual Fund Assets $6.108 Trillion +.52%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$7.582 Million
  • AAII % Bulls 45.9 -11.2%
  • AAII % Bears 21.9 +.5%
  • CNN Fear & Greed Index 70.0 (Greed) -1.0
Futures Spot Prices
  • CRB Index 282.94 +2.3%
  • Crude Oil 80.9/bbl. +4.1%
  • Reformulated Gasoline 271.5 +7.8%
  • Natural Gas 1.66 -8.5%
  • Dutch TTF Nat Gas(European benchmark) 27.0 euros/megawatt-hour +1.7%
  • Heating Oil 272.7 +3.7% 
  • Newcastle Coal 130.3 (1,000/metric ton) -4.9%
  • Gold 2,158.9 -.9%
  • Silver 25.24 +3.8%
  • S&P GSCI Industrial Metals Index 424.1 +2.2%
  • Copper 412.4 +5.9%
  • US No. 1 Heavy Melt Scrap Steel 379.0 USD/Metric Tonne unch.
  • China Iron Ore Spot 99.8 USD/Metric Tonne -7.0%
  • CME Lumber  603.0 -1.9%
  • UBS-Bloomberg Agriculture 1,488.16 +1.8%
  • US Gulf NOLA Potash Spot 317.50 USD/Short Ton unch.
Economy
  • Atlanta Fed GDPNow 1Q Forecast +2.3% -.2 percentage point
  • NY Fed Real-Time Weekly Economic Index 2.0 +1.0%
  • US Economic Policy Uncertainty Index 74.5 -68.1%
  • S&P 500 Current Quarter EPS Growth Rate YoY(499 of 500 reporting) +7.9% -.1 percentage point
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 248.45 +.78:  Growth Rate +11.3% +.3 percentage point, P/E 20.7 -.1
  • S&P 500 Current Year Estimated Profit Margin 12.82% unch.
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(10 of 10 reporting) +55.2% unch.
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 316.81 +1.23: Growth Rate +31.9% +.6 percentage point, P/E 31.0 -.8
  • Citi US Economic Surprise Index 24.6 -3.2 points
  • Citi Eurozone Economic Surprise Index 51.1 -.3 point
  • Citi Emerging Markets Economic Surprise Index 20.6 +6.3 points
  • Fed Fund Futures imply 1.0%(-3.0 percentage point) chance of -25.0 basis point cut to 5.0-5.25%, 99.0%(+3.0 percentage point) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 5.5-5.75% on 3/20
  • US Dollar Index 103.45 +.71%
  • MSCI Emerging Markets Currency Index 1,737.5 +.07%
  • Bitcoin/USD 69,290.0 -1.2%
  • Euro/Yen Carry Return Index 175.94 +.96%
  • Yield Curve(2s/10s) -42.0 -2.25 basis points
  • 10-Year US Treasury Yield 4.30% +21.0 basis points
  • Federal Reserve's Balance Sheet $7.505 Trillion +.04% 
  • Federal Reserve's Discount Window Usage $2.344 Billion +18.5%
  • Federal Reserve's Bank Term Funding Program $167.463 Billion +2.1%
  • U.S. Sovereign Debt Credit Default Swap 38.7 +.12%
  • Illinois Municipal Debt Credit Default Swap 185.48 -3.6%
  • Italian/German 10Y Yld Spread 126.0 -6.0 basis points
  • UK Sovereign Debt Credit Default Swap 29.0 +1.1%
  • China Sovereign Debt Credit Default Swap 67.94 +3.2%
  • Brazil Sovereign Debt Credit Default Swap 124.5 -4.1%
  • Israel Sovereign Debt Credit Default Swap 115.58 -2.1%
  • South Korea Sovereign Debt Credit Default Swap 34.0 +.92%
  • China Corp. High-Yield Bond USD ETF(KHYB) 24.6 -.3%
  • China High-Yield Real Estate Total Return Index 89.6 +1.3%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +5.6% -20.0 basis points
  • Zillow US All Homes Rent Index YoY +3.5% +10.0 basis points
  • US Urban Consumers Food CPI YoY +2.2% -40.0 basis points
  • CPI Core Services Ex-Shelter YoY +4.5% +10.0 basis points
  • Cleveland Fed Inflation Nowcast Core PCE YoY +2.78% +6.0 basis points: CPI YoY +3.33% +22.0 basis points
  • 1-Year TIPS Spread 4.07% +18.0 basis points
  • Treasury Repo 3M T-Bill Spread 8.25 basis points +.5 basis point
  • 2-Year SOFR Swap Spread -10.75 -1.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.5 +.75 basis point
  • N. America Investment Grade Credit Default Swap Index 49.9 unch.
  • America Energy Sector High-Yield Credit Default Swap Index 133.0 -4.0
  • Bloomberg TRACE # Distressed Bonds Traded 262.0 -24.0
  • European Financial Sector Credit Default Swap Index 59.8 -1.2%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 180.27 -6.4%
  • Emerging Markets Credit Default Swap Index 166.25 +1.2%
  • MBS 5/10 Treasury Spread 150.0 +6.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 810.0 -15.0 basis points
  • Avg. Auto ABS OAS .61 -2.0 basis points
  • M2 Money Supply YoY % Change -2.0% unch.
  • Commercial Paper Outstanding $1,293.2B +2.1%
  • 4-Week Moving Average of Jobless Claims 208,000 -.24%
  • Continuing Claims Unemployment Rate 1.2% -10.0 basis points
  • Kastle Back-to-Work Barometer(entries in secured buildings) 52.5 -.1%
  • Average 30-Year Fixed Home Mortgage Rate 7.09% -7.0 basis points
  • Weekly Mortgage Applications 201,500 +7.1%
  • Weekly Retail Sales +3.0% +20.0 basis points
  • OpenTable US Seated Diners % Change YoY -4.0% +2.0 percentage points
  • Box Office Weekly Gross $156.4M +57.0%
  • Nationwide Gas $3.44/gallon +.04/gallon
  • Baltic Dry Index 2,350.0 +.2%
  • Drewry World Container Freight Index $3,161.8/40 ft Box -3.8%
  • China (Export) Containerized Freight Index 1,278.3 -2.6%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 45.0 -5.3%
  • Truckstop.com Market Demand Index 54.4 +10.2%
  • Rail Freight Carloads 258,077 -1.8%
  • TSA Total Traveler Throughput 2,568,760 +9.7%
Best Performing Style
  • Large-Cap Value -.2%
Worst Performing Style
  •  Small-Cap Value -2.3%
Leading Sectors
  • Oil Service +5.0%
  • Energy +4.5%
  • Gold & Silver +2.5%
  • Insurance +1.8%
  • I-Banking +.7%
Lagging Sectors
  • Steel -3.8%
  • Telecom -3.9%
  • Disk Drives -4.1%
  • Digital Health -4.3%
  • Alt Energy -7.1%
Weekly High-Volume Stock Gainers (10)
  • CLDX, GCT, AVD, MDGL, CRGX, DESP, EH, CSGP, SCCO and ALTG
Weekly High-Volume Stock Losers (31)
  • ABNB, FUTU, SLN, CCCS, INTU, PGY, TMDX, FMS, SLVM, FLEX, S, NOW, ABT, AVAV, NUVL, IOT, PD, NRIX, EURN, SANM, SMAR, DFH, SGML, ZIP, EXPI, HIBB, ZG, Z, ADBE, JBL and GRPN
ETFs
Stocks
*5-Day Change