Today's Headlines

Around X:

• @Zerohedge 

• US Official: Hormuz Deal Is Imminent, Upon Which US Will Lift Blockade Of Iranian Ports. 
• Joint Chiefs Chair Pushing For Iran War Off-Ramp, Warning Escalation Will Backfire. 
• Iran's Economy Is In Shambles As War Takes Its Toll. 
• *ADNOC CONFIRMS VESSEL TARGETED IN HORMUZ EARLY SATURDAY: WAM. 
• IRAN VERY CLOSE TO DEAL WITH OMAN ON HORMUZ MANAGEMENT: ARAGHCHI. HORMUZ OPENING LINKED TO COMPENSATION FOR US VIOLATIONS: IRAN. ARAGHCHI: TEMPORARY HORMUZ ROUTE TO BE BASIS FOR MAIN ROUTE. 
• Existing Power Plants Are "Bedrock" In Supplying Data Centers: Constellation CEO. 
• Trump To Announce $180 Million Grants For Mining Industry.       
• What Else Are They Hiding?
• EU Cohesion Breaks: Madrid Socialists Impose Border Protections Against Italians After Third World Invasion. 
• Digging Deeper Inside Physical AI's Hardware Stack Powering Humanoids. 
• Oxford Union Debate Debacle Exposes The Real Limit Of Free Speech In Britain. 
• Iran Issues List of Demands, Dampening Hopes of Reopening Strait of Hormuz. Head of Iran’s Supreme National Security Council said that the waterway will remain closed until the United States met certain conditions. 
• Hillary Clinton Warns Dems: GOP's Anti-Communist Messaging "Very Effective" As Marxist Hijack Party. 
• I haven't even been publicly trans for 72 hours and I'm already getting so much hate. I just want to hoop with my girls in my feminine era! Why can't y'all be happy for me? (video)
• Ukraine Faces Growing Air Defense Crisis As Patriot Supplies Dwindle. 
• Hunter Biden, who has sat down with Candace Owens, Nick Fuentes, and Shawn Ryan in the past year, is appearing on Tucker Carlson’s show on Monday. Hunter: “I love Candace. I like Thomas Massie and Marjorie Taylor Greene. I like that there are people that have kind of woken up.” (video) 
• Texas Energy Giant Oncor Supports Governor's Data Center Freeze.
• The WNBA Is At War With Its Biggest Stars.
• Citi cuts Micron price target on peaking memory prices. Citi downgraded Micron, arguing that both DRAM and NAND prices will see QoQ gains decelerate over the next four quarters, with pricing peaking in the May (F2Q) quarter of next year.   
• Visualizing 75 Years Of America's Electricity Transition.
• JUST IN: Sergey Brin to reportedly take direct oversight of Gemini as Google restructures its AI leadership.
• Hasan Poker in resurfaced Clip: “We want more immigrants to come into your countries and then they’re gonna f*ck your sisters and then your daughters… We’re here to destroy the white race, b*tch.” (video)   
• The Most Crowded Hedge Fund Stocks And Themes: August Update. 
• Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues.
• Reality Bites: Socialist NYC Mayor Mamdani Turns To Capitalist Bankers For Help.
• Absolutely incredible… University of California professors are now asking the school to reinstate the SAT for admissions because their new students are unable to do high school-level work. They stopped using standardized tests for admissions in 2020 to promote "equity".
• Burry's PLTR puts. (graph)
• and NVDA puts. (graph)  
• Meet The Lab-Leak Proponent Set To Take Fauci's Old Job.
• "Fire Is... Beautiful": Suspect In Spokane Wildfire Confesses "He" Planned Arson For Weeks.
• Vance: Federal Government Has Identified $230 Billion In Fraud Since March.
• Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes.  
• Peace Plans & Payrolls Plunge Trounce Rate-Hike Odds, Spark Gold's Best Week In 7 Months.   

• @BarronsOnline

• Had bullish commentary on (RELY) and (COO).

• @IGSquawk 

• Weekend markets update: #DAX 26373 +0.02%. #DOW 54033 +0.05%. #NASDAQ 29728 +0.03%. #FTSE 10898 +0.02%. #HANGSENG 25838 -0.02%. #EURUSD 11556 -0.02%. #GOLD 4345 +0.09%. #SPCX 13325 -0.43%. #USOIL 7661 +0.20%.
• Crypto update: #Bitcoin 65048.00 +0.16% #Ether 1921.40 +0.43% #Cardano 0.2005 -0.94% #BitcoinCash 217.04 +0.35% #Litecoin 45.79 +0.57% #Stellar 0.1656 +2.29% #Dogecoin 0.0711 +2.01% #Uniswap 3.9878 -0.85% #Chainlink 8.3347 +1.65% #Polkadot 0.8177 +0.01% #Solana 76.2700 +3.33% #Avalanche 6.5500 +1.55%.

• @Overton_News

• Senator Ron Johnson reveals the single most disturbing thing he discovered in Anthony Fauci’s diaries. Johnson says this was the justification that he used to “devastate people’s lives.” JOHNSON: “One thing that I think is really being overlooked in terms of what was revealed in those diaries…” “Was early on in the pandemic, to his diary, he thought that COVID-19 would be double the flu, but he went out in public saying it was TEN times.” “He went out to the public and said it was going to be ten times worse…and that’s what he used to shut down the economy.” “To devastate people’s lives. Devastate the economy.” (video)

• @MarioNawfal

• The Cyber unit that hacked Iran's networks is now investigating five suicides in a month... -Between early June and early July, as many as five people who worked in or closely with Cyber Command took their own lives, per internal military communications, public records and more than a dozen people who spoke to Bloomberg. -The command has formally linked them as a suicide cluster, a Pentagon designation requiring specific intervention.
• This is the reality of conscription in Ukraine. A woman screaming for her boyfriend as he's brutally dragged out of the car to be sent to the front line meat grinder. Meanwhile, the politicians who send people to die on both sides gleefully claim they're winning, but they never have to pay this price (video) 

• @MJTruthUltra

• LA Times Owner; “We’re Going to have to Address the Rising Instance of Cancer in Relation to Covid Vaccines — For the first time in my career, I’ve seen an 8, 9, and 10 year-old with colon cancer. For the first time in my career, I’ve had a 13-year-old child in my clinic due metastatic pancreatic cancer.” People need to be held accountable… we simply cannot move on without it. Too many atrocious crimes were committed. Too many lives were ruined and lost.

• @EricLDaugh

• NOW: Mass outrage is erupting in Michigan after Abdul El-Sayed said he HATES their state’s PRIZED destination — Mackinac Island. “I hate Mackinac so much.” “Every time I’ve ever come here, I’ve hated it. Why am I here?” Voters are now livid. This Muslim socialist must be DECIMATED in November! This just proves they are here to spit in our face and hate the country we live in. ELECT MIKE ROGERS (R)! (video)
• BREAKING: Sen. Ashley Moody (R-FL) just RUSHED to the Senate floor and ERUPTED to pass the SAVE America Act, supporting no recess until it's done. "I am DUMBFOUNDED that I still have to come to the floor and have this debate with ANYBODY in this CHAMBER!" "PUT IT UP FOR A VOTE!" 

• @RenzTom

• Trump’s FDA gives “accelerated approval” for Moderna’s new mRNA flu vaccine. This means that they didn’t fully study this new injection despite all the info coming out about Fauci’s mRNA COVID jabs. This isn’t just a bad political move - it’s dangerous, likely illegal, and an outright attack on MAHA. We already had fully licensed traditional flu vaccines (that didn’t work) so accelerating approval can only be characterized as selling out to the corrupt pharma crews that brought us the COVID debacle. Why authorize something that’s not tested when you have something that you already claim works?
• Just in time for the new Moderna mRNA flu “vaccine” the navy reverses course and mandates the flu vaccine for almost everyone (navy order below)! They can’t poison our soldiers fast enough. This shot was not properly tested - the administration gave it expedited approval - and is basically the mRNA COVID shot repackaged. They are going to construe to force mRNA on our soldiers. Fauci’s work is carrying on despite everyone wanting accountability. This is why I keep saying that it’s not enough to go after Fauci - we have to go after the people that bought him.  

• @Hedgeye

• Combined cloud backlog at Microsoft, Google, and Amazon has surged to $1.7 trillion, growing +150% YoY.

• @EmeraldRobinson

• How did China stop the vote counting in several swing states on the night of November 3rd 2020? Can the election supervisors in Georgia and Arizona speak Mandarin? Nope. Only people inside our intel agencies could do it.

• @Bannons_WarRoom

• JOHN SOLOMON: The single greatest intrusion on our elections over the last six years wasn’t foreign. It came from the FBI and the CIA. (video)

• @DC_Draino

• Nothing to see here. Just unclassified evidence of 633,000 voter files hacked in one of the biggest swing counties right before the 2020 election. Now do you know why Fox News called Arizona so early for Biden? They already knew it was rigged.

• @justin_hart

• FDA's own file on Moderna's new mRNA flu shot, in one chart. - 3 in 4 adults 65+ had a reaction. - Day-stopping reactions, 4x the comparator. - Deaths of unspecified cause: 23 vs 9 — with zero autopsies performed. - Benefit: 137 people switched to prevent one case of flu-like illness. All FDA's numbers. Including their caveats. (pic)

• @ScottPresler

• FLOOD THE PHONES!! Tell the Senate to remain in DC until the SAVE America Act is passed. Every Senate number begins w/ 202-224-XXXX. “My name is ____. My zip code is ____. I’m asking Senator ____ to remain in DC until the SAVE America Act is passed. I vote in every election.” Peacefully. (list)

• @TonySeruga

• Scott Presler Just Exposed What They Swore Never Happens — And Now the DOJ Is Threatening Jail Time. BOMBSHELL FROM PHILLY. Scott Presler and his team at Early Vote Action just did what no state official bothered to do: they hand-transcribed thousands of non-juror names in Philadelphia — people who told the court under penalty of law they aren’t U.S. citizens — and cross-referenced them against active voter rolls. The result? 1 in 4 showed up as registered voters. Not a rounding error. Not a clerical hiccup. Twenty-five percent. Pennsylvania is a state decided by less than 5-point margins. Let that sink in.

• @BennyJohnson

• Late last night, the U.S. Senate put Voter ID to a vote. Every single Democrat voted against it.

• @Barchart

• BREAKING : Lumber. Lumber has now traded red for 11 straight days, its longest losing streak since April 2024. Timberrrrrrrrrrrrrrrrrr.
• S&P 500 volatility dispersion soars to highest level since the Dot Com Bubble. (graph) 
• JUST IN : More than 72% of S&P 500 stocks are now trading above their 200-day moving average, the strongest market breadth since December 2024. (graph) 

• @nogps1

• What they disperse comes down. It doesn't miraculously stay up there. Our air, water & soil are being contaminated with chemicals, heavy metals & nanoparticles. If l came to your home & sprayed an unknown product, would you be ok with it? I doubt it! Yet people seem ok with this. (video)
• Who else misses our blue skies??? Please keep speaking out against geoengineering and frequency programs. Document your evidence & share it with @TheGeoFight_com. Let's keep the pressure on! (video)
• Austria. Please let this destruction stop.. our air, water, and soil are being contaminated with toxicity from the geoengineering programs! Our children & future generations don't deserve this.. none of us do! This is affecting all flora & fauna... Nothing can escape this. (video) 

• @DawnsMission

• Did you notice that they are pushing the new mRNA flu shot on the elderly even though in the FDA's own file on the Moderna shot 3 in 4 adults 65+ had a reaction? Again there is no true testing, they just test it against other flu shots. Are they trying to get rid of people 65 and older?

• @JoeKent16Jan19

• This is a preview of the neocons & Israel lobby’s new talking points to merge the Iran war with the Ukraine war. This is being done to maximize the amount of resources they can steal from the American people to fund these destructive & pointless wars. Reject the propaganda. Put America 1st!!

• @Bannons_WarRoom

• LARA LOGAN: The threat in Texas is not James Talarico. It’s the machinery behind him, the lack of courage from Republicans in Congress, the RINOs, the treason, and the betrayal. This is why President Trump must use his power so we don’t walk into the midterms under the same circumstances that allowed other elections to be stolen. (video)

• @KobeissiLetter

• BREAKING: US data center construction spending jumped +46% YoY in June, to a record annualized rate of $68 billion. This marks the largest YoY increase in 12 months. Since January 2024, US data center construction spending has surged +158% and has more than tripled since 2022. Meanwhile, office building construction spending has declined by over -$25 billion since 2022, to ~$43 billion, the lowest since 2016. As a result, data center construction has now surpassed office construction by $25 billion, the widest gap on record. By comparison, office construction exceeded data centers by $57 billion in 2022. AI is prompting the biggest investment wave in US history. (graph)
• This is absolutely incredible. Corporate America is currently on pace for the biggest earnings beat EVER recorded. S&P 500 companies are beating earnings per share estimates by an aggregate +29.2%. To put this into perspective, the 5-year average stands at +7.0%, which is already historically high. In other words, S&P 500 companies are now beating already high expectations by ~4.2 TIMES the 5-year average. On top of this, the blended net margin for the S&P 500 is up to 16.9%, also an all time high. Even if you removed Alphabet’s $98 billion gain from unrealized equity investments and Amazon’s $53 billion gain from Anthropic, S&P 500 earnings growth would STILL be +32.0% year-over-year. We are in the midst of the largest investment boom in history. 

• @GrahamStephan

• What could kill the stock market rally? THIS. I don’t think people take this seriously enough… Imagine a political sweep of Congress towards democratic socialism, driven by young people dissatisfied with falling wages, rising asset prices, and out-of-reach home values. If elected, it’s a no-brainer to pass a wealth tax, increase capital gains taxes, implement “mansion taxes,” and blame capitalism for every problem imaginable. Asset prices subsequently collapse, business contract, home values plummet. This is framed as a “good thing” to level the playing field; now people can buy that same home for 35% less. Stock prices are 40% cheaper.

• @Geiger_Capital

• Since Trump took office, 1.3 Million foreign-born workers (legal and illegal) have lost a job. Meanwhile, 1.7 Million native-born Americans have gained a job. A sharp reversal of the last few years. (graph)

• @DrSimoneGold

• Bill Gates held top secret Q clearance the entire pandemic. Fauci was his private editor. DARPA briefed his foundation. His money funded the NIH. It was never about science. It was coordinated.

• @jsolomonReports

• It takes 5,000 jabs of Moderna's just-approved mRNA flu vaccine to prevent one more hospitalization compared to a standard flu vaccine, but the new shot causes six times more injuries. @alexberenson first flagged the disparity.

• @DawnMission

• While the public conversation focuses on how Fauci pushed the COVID vaccines, we cannot overlook what he did with the hospital treatment protocols. He took remdesivir—a drug that Dr. David E. Martin states was declared too deadly and unethical for use in the African Ebola trials because it carried a 53% mortality rate overall (and 85% in patients with high viral loads)—and elevated it to the standard hospital protocol for COVID. In practice, it became the primary (and essentially only) antiviral Fauci allowed for hospitalized patients. Families whose loved ones died under these protocols call the drug “Run-Death-Is-Near.”

• @Kalshi

• JUST IN: Berkshire Hathaway was a buyer of stocks last quarter for first time in 3 years.

• @NYPost

• Champion transgender cyclist Veronica Ivy now beating biological women for titles in second sport. (pic)

• @BowesChay

• In Kiev, a lone biker struggles against 10 of Crime Boss Zelenskys thugs. Passers-by honk their horns in protest, a young woman confronts the kidnappers. But all to no avail, the young mans bike is smashed, and his life stolen for NATO and Zelenskys Crime syndicate. (video)

OpenVAERS:  

• VAERS US COVID Vaccine Adverse Event Reports. 1,033,983 Reports (+194 from prior report) Through June 26th, 2026.

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Weekly Scoreboard*

S&P 500 7,748.9 +3.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 54,069.6 +2.9%

• NASDAQ 26,665.7 +5.1%

• Russell 2000 3,034.6 +3.3%

• NYSE FANG+ 18,687.3 +8.0%

• Goldman 50 Most Shorted 327.7 +9.1%
• Vaneck Social Sentiment 35.6 +6.7%

• Wilshire 5000 76,831.4 +3.7%

• Russell 1000 Growth 5,008.8 +4.9%

• Russell 1000 Value 2,529.2 +2.2%

• S&P 500 Consumer Staples 940.8 -.1%

• Bloomberg Cyclicals/Defensives Index(Ex Telecom) 271.4 +3.0%
  

• NYSE Technology 9,516.6 +7.0%

• Transports 21,537.9 +2.4%

• Utilities 1,101.4 -1.8%

• MSCI Europe Banks 139.1 +1.6%
  

• MSCI Emerging Markets 65.45 +2.1%

• Credit Suisse AllHedge Long/Short Equity Index 268.97 +1.1%

• Credit Suisse AllHedge Equity Market Neutral Index 135.78 -.01%

Sentiment/Internals

• NYSE Cumulative A/D Line 623,527 +.5%
• Nasdaq/NYSE Volume Ratio 13.5 -23.3%

• Bloomberg New Highs-Lows Index 413 +312

• Crude Oil Commercial Bullish % Net Position -15.4 -42.6%

• CFTC Oil Net Speculative Position 120,108 +47.0%

• CFTC Oil Total Open Interest 1,859795 -.3%

• Total Put/Call .77 -12.8%

• OEX Put/Call .38 +4.8%

• ISE Sentiment 179.0 +3.5%

• NYSE Arms 1.04 -1.0%
  
• Bloomberg Global Risk-On/Risk-Off Index 126.0 -.4%
• Bloomberg US Financial Conditions Index 1.31 +26.0 basis point
• Bloomberg European Financial Conditions Index 1.41 +11.0 basis points

• Volatility(VIX) 14.9 -6.6%
• S&P 500 Intraday % Swing .57 -2.1%

• CBOE S&P 500 3M Implied Correlation Index 10.2 +4.8%

• G7 Currency Volatility (VXY) 6.43 +.5%

• Emerging Markets Currency Volatility (EM-VXY) 6.95 -.1%

• Smart Money Flow Index 18,320.5 +3.8%
• NAAIM Exposure Index  79.7 unch.

• ICI Money Mkt Mutual Fund Assets $7.909 Trillion +.7%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$18.297 Million

• AAII % Bulls 37.0 +19.4%

• AAII % Bears 38.0 -9.7%
• CNN Fear & Greed Index 64.0 (Moved to GREED from FEAR) +23.0

Futures Spot Prices

• CRB Index 377.0 -1.9%

• Crude Oil 78.12/bbl. -10.0%

• Reformulated Gasoline 298.40 -6.2%

• Natural Gas 2.66 -4.3%
• US Power PJM Western Hub Peak Forward Y1 76.6 USD/Megawatt -7.1% 
• Dutch TTF Nat Gas(European benchmark) 55.7 euros/megawatt-hour -6.9%
  

• Heating Oil 391.0 -5.4% 
• Newcastle Coal 129.8 (1,000/metric ton) -2.8%

• Gold 4,336.9 +7.3%
• Silver 63.3 +9.9%
  

• Bloomberg Industrial Metals Index 179.4 +1.5%

• Copper 659.3 +1.3%

• US No. 1 Heavy Melt Scrap Steel 380.0 USD/Metric Tonne -3.9%

• China Iron Ore Spot 94.80 USD/Metric Tonne +1.2%
• China Battery Grade Lithium Carbonate 21,025.0 USD/metric tonne -3.2%
• Silicon Data LLM Token Expenditure Index 1.20(price per million tokens) -11.6% 
• inSpectrum Tech Inc. DRAM Spot DDR5 16Gb 1Gx16 49.66 +1.9%  

• CME Lumber 574.0 -6.4%

• UBS-Bloomberg Agriculture 1,486.8 +2.9%
• US Gulf NOLA Potash Spot 340.0 USD/Short Ton unch.
• US Gulf NOLA Urea Granular Spot 397.50 USD/Short Ton -6.8%

Economy

• Atlanta Fed GDPNow Q3 Forecast +5.8% +80.0 basis points

• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 14.6 +1.8 percentage points

• NY Fed Real-Time Weekly Economic Index 2.68 +10.7%
• Caldara Iacoviello Geopolitical Risk Index 225.2 +55.7% 
• Global Monitor Iran Instability Index 74.0 +18.0
• Strait of Hormuz Oil Tanker Traffic Curtailed 90.0% unch.

• US Economic Policy Uncertainty Index 173.9 -22.6%
• Bloomberg Global Trade Policy Uncertainty Index .8 -.4
• DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(442 of 500 reporting) +51.4% -5.6 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 387.59 +8.32:  Growth Rate +31.8% +1.7 percentage points, P/E 19.9 +.5
• S&P 500 Current Year Estimated Profit Margin 16.23% +22.0 basis points
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(8 of 10 reporting) +138.4% +.1 percentage point
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 942.53 +17.90: Growth Rate +81.8% +3.5 percentage points, P/E 19.5 +1.1

• Citi US Economic Surprise Index 29.50 -8.8 points

• Citi Eurozone Economic Surprise Index 67.9 +1.9 points

• Citi Emerging Markets Economic Surprise Index 23.6 -2.6 points

• Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 3.25-3.5%, 56.1%(+23.1 percentage points) chance of no change, 43.9%(-23.1 percentage points) chance of +25.0 basis point hike to 3.75-4.0% on 9/16

• US Dollar Index 99.6 -.3%

• MSCI Emerging Markets Currency Index 1,897.3 +.3%
  

• Bitcoin/USD 64,782.6 +2.1%

• Euro/Yen Carry Return Index 208.4 -.4%
• Swiss Franc/Offshore Chinese Renminbi Cross 8.35 unch.

• Yield Curve(2s/10s) 45.5 +.75 basis point

• 10-Year US Treasury Yield 4.66% -8.0 basis points
• Japan 30-Year Yield 3.93% -7.0 basis points

• Federal Reserve's Balance Sheet $6.701 Trillion +.2%
• Federal Reserve's Discount Window Usage $6.253 Billion +10.6%

• U.S. Sovereign Debt Credit Default Swap 37.5 -5.8%
  

• Illinois Municipal Debt Credit Default Swap 182.6 -1.7%
  

• Italian/German 10Y Yld Spread 77.0 -4.0 basis point
• UK Sovereign Debt Credit Default Swap 17.6 -3.0%

• China Sovereign Debt Credit Default Swap 37.3 -2.1%
  

• Brazil Sovereign Debt Credit Default Swap 123.0 -1.4%
  

• Israel Sovereign Debt Credit Default Swap 55.1 -11.3%
• Dubai Sovereign Debt Credit Default Swap 62.5 -6.7%

• South Korea Sovereign Debt Credit Default Swap 22.8 -.3%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.2 +.4%
• China High-Yield Real Estate Total Return Index 122.1 +1.8%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +3.3% unch.
• Zillow US All Homes Rent Index YoY +2.1% unch.
• US Urban Consumers Food CPI YoY +3.0% unch.
• CPI Core Services Ex-Shelter YoY +3.0% unch.
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.31% unch.: CPI YoY +3.42% unch.
• 1-Year TIPS Spread 1.71 -21.0 basis points
• 10-Year TIPS Spread 2.25 -3.0 basis points

• Treasury Repo 3M T-Bill Spread 14.75 +.75 basis point
• 2-Year SOFR Swap Spread -14.75 -.5 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap .50 -.75 basis point

• N. America Investment Grade Credit Default Swap Index 50.75 -3.8% 
• BofA Private Credit Proxy Index 74.7 +9.3%

• America Energy Sector High-Yield Credit Default Swap Index 151.0 unch.
• High-Yield Tech Sector OAS Index 418.5 -7.6% 
• Bloomberg TRACE # Distressed Bonds Traded 224.0 +16.0

• European Financial Sector Credit Default Swap Index 53.6 -3.6%

• Emerging Markets Credit Default Swap Index 140.8 -3.2%
  

• MBS 5/10 Treasury Spread 114.0 -1.0 basis point
• Bloomberg CMBS Investment Grade Bbb Average OAS 559.0 +1.0 basis point
• Avg. Auto ABS OAS .44 +1.0 basis point

• M2 Money Supply YoY % Change +5.5% -10.0 basis points

• Commercial Paper Outstanding $1,427.1B +2.2%

• 4-Week Moving Average of Jobless Claims 198,750 -2.2%

• Continuing Claims Unemployment Rate 1.2% unch.
• Kastle Back-to-Work Barometer(entries in secured buildings) 55.6 -1.6%

• Average 30-Year Fixed Home Mortgage Rate 6.78% +6.0 basis points

• Weekly Mortgage Applications 240,000 -2.9%

• Weekly Retail Sales +8.2% +10.0 basis points
• OpenTable US Seated Diners % Change YoY +13.0% unch.
• Box Office Weekly Gross $306.1M n/a

• Nationwide Gas $4.04/gallon -.07/gallon

• Baltic Dry Index 3,057.0 +11.9%
• Drewry World Container Freight Index $4,297.5/40 ft Box +1.0%
  

• China (Export) Containerized Freight Index 1,839.0 -.9%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 202.50 -1.2%
• Truckstop.com Market Demand Index 97.3 -4.5%

• Rail Freight Carloads 293,029 +.06%
• TSA Total Traveler Throughput 2,794,275 +7.5% 
• US Morning Consult Daily Consume Sentiment Index 90.9 +.3 point
• Rasmussen Reports Daily Presidential Approval Tacking Poll 44.0% unch.

Best Performing Style

• Mid-Cap Growth +5.1%

Worst Performing Style

• Small-Cap Value +1.9%

Leading Sectors

• Gold & Silver +19.0%

• Space +16.8%
• Robotics +10.2%

• Semis +8.7%
  

• Software +8.2%
  

Lagging Sectors

• REITs -.5%

• I-Banks -.7%
  

• Utilities -1.6%

• Gambling -2.7%
  

• Energy -4.7%
  

Weekly High-Volume Stock Gainers (73)

• DOCS, MTW, QNST, TEAM, PUBM, CRSR, TWLO, FIGS, SPT, NTRA, PSIX, OMDA, FIVN, FLR, HALO, ROAD, AXTI, TNDM, GRDN, ABNB, SVV, TILE, OKLO, WLDN, CON, CVSA, ONTO, IAG, COHR, DV, ZLAB, FOXF, AAOI, SPCX, MP, ICUI, CART, MITK, CDE, PLTR, CAI, GFI, ERO, EQX, MATV, MSIF, AAUC, TENX, PLSE, WPP, NET, AEM, UBER, DKNG, AMPH, IBTA, AGI, WAY, SSMR, ONC, EFC, GMAB, MAIN, ZD, FSLR, MMS, DEO, KRP, ETSY, OBDC and BMRN 

Weekly High-Volume Stock Losers (23)

• ACIW, CLMT, LOMA, EZPW, WDC, AKAM, PGNY, ELAN, HUT, ANIP, LB, ESE, AMRZ, NEWT, TDS, POST, MATW, ASIX, IIIV, TTD, LASR, ODEL and SEZL

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising into Afternoon on Declining Fed Rate-Hike Odds, Earnings Outlook Optimism, Short-Covering, Tech/Alt Energy Sector Strength

Overseas Futures:

• Nikkei 225 Futures: Indicating +400 open in Japan 
• China A50 Futures: Indicating -7 open in China
• KOSPI 200 Futures: Indicating +5 open in South Korea 

• DAX Futures: Indicating +60 open in Germany

Portfolio:

• Higher: On gains in my tech/biotech/industrial/consumer discretionary/transport sector longs
• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
• Market Exposure: Moved to 100% net long

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (AXSM)/-.89
• (B)/.83
• (CAMT)/.76
• (DOLE)/.46
• (EMBJ)/.62 

After the Close: 

• (AAON)/.51
• (ACM)/1.46
• (ACHR)/-.34
• (HIMS)/-.05
• (PLUG)/-.08
• (RKLB)/-.06
• (SPG)/3.22
• (UPWK)/.34
• (USAR)/-.11 

Economic Releases 

• None of note

Upcoming Splits

• (MNST) 2-for-1

Other Potential Market Movers

• The CB Employment Trends Index for July, KeyBanc Tech Forum, Citi Power/Energy Conference, TD Cowen Communications Infrastructure Summit and the Canaccord Growth Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST