Today's Headlines

Bloomberg:    

• China’s Liu Confirms Phase One of U.S. Trade Deal is in Progress.   

• PBOC Governor Yi Says Yuan Level ‘Appropriate’ After Weakening.

• Johnson Asks EU for Brexit Delay, But Hopes He Won’t Need It.

• Johnson Says He'll Press on After Commons Defeat: Brexit Update.      

• Brexit’s Impact on World Economy to Be Minimal, Mervyn King Says.

• Global Finance Chiefs Pledge to Use All Tools to Aid Growth.

• Kurdish-Led Forces Say Turkey Is Not Abiding by Syria Truce.  

• Fed Leaves October Cut on Table, And Questions About What’s Next.  

• Nestor Is Set to Storm Into Florida Panhandle With Needed Rain.

• Brexit Countdown, Canada Votes, Erdogan’s Gamble: Weekend Reads.

• Your Weekend Reading: Walking a Tightrope.

• Goldman Banker Arrested Over U.S. Insider Trading Allegations.  

• Bitcoin’s Latest Swoon Raises the Risk of Key Technical Breach.

Wall Street Journal:

• The NBA’s China Problem Is Deeper Than a Tweet.

• Carl Icahn Is Nearing Another Landmark Deal. This Time It’s With His Son.

• U.S. Government Still Uses Suspect Chinese Cameras.

• PG&E Says It Could Impose Blackouts in California for a Decade.

Barron's:

• Had bullish commentary on (DIS), (CI), (CMG), (PM), (CVS), (LUV), (COP) and (CMCSA).

• Had bearish commentary on (EYE) and (MSFT).

MarketWatch.com:

• Beyond Meat(BYND) initiated at sell as large competitors make gains in plant-based food.

Fox News:

• Biden son was paid $83G per month for Ukraine ‘consulting services’ gig: report.

• Dem 2020 contenders stand behind Tulsi amid Clinton ‘Russian asset’ row.

CNBC:

• FAA says Boeing withheld ‘concerning’ pilot messages about the safety of 737 Max.

• Boeing’s stock worth buying on pullback from new 737 Max developments, analyst says.

• UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension.
• It’s the bulls’ game to lose as the stock market heads for its final act of 2019.

• The US and China made ‘substantial progress’ at trade talks, Chinese vice premier says.

• Stocks will likely hit new records in the week ahead if earnings keep topping expectations.

• Electric car start-ups — once seen as threat — now struggle to survive.

• Scientists debate if lab-grown meat production could exacerbate climate change.

Zero Hedge:

• "I Stand Against Everything She Represents" - Gabbard Hammers Tired, Sick, Fragile Hillary.

• CME Slams "Patently False" Vanity Fair Trump-Frontrunning-Trades Allegations.

• CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe.

• China's Top Trade Negotiator Sides With Trump: We "Have Made Substantial Progress" In Trade Deal.

• Trudeau Approval Hits All Time Low As Canadians Prepare To Vote.

• Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry.

• France Foils "Sept. 11-Style" Terrorist Attack.

• Impeachment Becomes A Psychodrama Of The Press.

• PG&E May Sporadically Cut Power To Californians For A Decade.

• NBA Spectators Stage Anti-China Protest During Nets-Raptors Game.

• Fisher Investments Pension Losses Spike To $1.3 Billion As Iowa Pulls Out.

• Times Square Billboard Shows Trump Being Hogtied & Tortured.

• Office Vacancies In China Hit Decade High Amid Economic Turmoil.

• Why Is The Elitist Establishment So Obsessed With Meat? For at least the past ten years the United Nations has been aggressively promoting the concept of a meat free world, based on claims that accelerated land use and greenhouse gas emissions are killing the Earth. The problem with this dietary revolution is that it is based primarily on junk science and cherry-picked data, along with outright lies and propaganda.

• China Bans Exports Of Black Clothing To Hong Kong Amid Escalating Social Unrest.

• Twitter War Breaks Out Between "Russian Asset" Tulsi Gabbard And "Warmongering Queen" Hillary Clinton.

• Why Has There Been A 56% Increase In Suicide Among Young Americans In Just 10 Years?

• Economists: Greta Thunberg's Ideal World Would Result In A "Human Tragedy Of Disastrous Proportions".

• Ex-Goldman Billionaire Backs Warren Redistribution Plan, Tells 'Rich' To "Lighten Up".

• The Chaos Of Baltimore Explained, How The Descent Into Hell Continues.

• America's Road Map To $40 Trillion National Debt By 2028.

• Complicated Web Of Payments Behind Hunter Biden's $700K Ukraine, China Dealings Untangled.

• Welcome To The USSR: The United States Of Suppression And Repression.

• Dow Dumps On Talc-Turmoil, Boeing-Bust, & Pence-Panic.

Weekly Scoreboard*

S&P 500 2,994.12 +.61%

 























The Weekly Wrap by Briefing.com.

 
Indices

• DJIA 26,837.64 +.19%

• NASDAQ 8,110.28 +.52%

• Russell 2000 1,536.60 +1.47%

• S&P 500 High Beta 41.34 -.58%

• Goldman 50 Most Shorted 145.59 -.26%

• Wilshire 5000 30,594.13 +1.87%

• Russell 1000 Growth 1,623.29 +.27%

• Russell 1000 Value 1,261.09 +.79%

• S&P 500 Consumer Staples 625.22 +.07%

• MSCI Cyclicals-Defensives Spread 1,128.88 +.16%
  

• NYSE Technology 1,924.05 -1.44%

• Transports 10,500.50 +2.18%

• Utilities 867.19 -.20%

• Bloomberg European Bank/Financial Services 73.89 +1.95%

• MSCI Emerging Markets 41.96 +.73%

• HFRX Equity Hedge 1,244.62 +.13%

• HFRX Equity Market Neutral 965.71 -.04%

Sentiment/Internals

• NYSE Cumulative A/D Line 376,393 +1.11%

• Bloomberg New Highs-Lows Index 69 +375

• Bloomberg Crude Oil % Bulls 33.3 unch.

• CFTC Oil Net Speculative Position 355,085 -8.79%

• CFTC Oil Total Open Interest 2,105,717 +.96%

• Total Put/Call .97 -4.04%

• OEX Put/Call .34 -12.8%

• ISE Sentiment 79.0 -21.2%

• NYSE Arms .91 +34.3%

• Volatility(VIX) 14.4 -18.2%

• S&P 500 Implied Correlation 33.54 -20.28%

• G7 Currency Volatility (VXY) 6.19 -6.35%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.76 -4.9%

• Smart Money Flow Index 14,381.47 -1.38%

• ICI Money Mkt Mutual Fund Assets $3.468 Trillion -.04%

• ICI Domestic Equity Mutual Fund/ETFs Weekly Flows -$10.868 Billion

• AAII % Bulls 33.6 +65.5%

• AAII % Bears 31.1 -29.4%

Futures Spot Prices

• CRB Index 175.75 +1.03%

• Crude Oil 53.67 -2.68%

• Reformulated Gasoline 161.85 -1.67%

• Natural Gas 2.34 +4.14%

• Heating Oil 194.36 -1.21%

• Gold 1,495.0 +.07%

• Bloomberg Base Metals Index 175.62 -.46%

• Copper 263.70 +.36%

• US No. 1 Heavy Melt Scrap Steel 238.0 USD/Metric Tonne -.33%

• China Iron Ore Spot 82.69 USD/Metric Tonne -4.18%

• Lumber 383.40 +3.65%

• UBS-Bloomberg Agriculture 869.46 +.34%

Economy

• Atlanta Fed GDPNow Forecast +1.81% +9.0 basis points

• ECRI Weekly Leading Economic Index Growth Rate .4% -70.0 basis points
• Bloomberg US Recession Probability Next 12 Months 35.0% unch.

• Philly Fed ADS Real-Time Business Conditions Index -.2260 +5.52%

• US Economic Policy Uncertainty Index 354.2 +380.5%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 175.97 -.17%

• Citi US Economic Surprise Index 8.0 -7.3 points

• Citi Eurozone Economic Surprise Index -67.0 +11.1 points

• Citi Emerging Markets Economic Surprise Index -19.60 -1.7 points

• Fed Fund Futures imply 13.7% chance of no change, 86.3% chance of rate cut on 10/30

• US Dollar Index 97.31 -1.04%

• MSCI Emerging Markets Currency Index 1,624.23 +.19%

• Bitcoin/USD 7,954.14 -4.82%

• Euro/Yen Carry Return Index 125.64 +1.23%

• Yield Curve 17.0 +4.0 basis points
  

• 10-Year US Treasury Yield 1.74% unch.

• Federal Reserve's Balance Sheet $3.928 Trillion +.42%

• U.S. Sovereign Debt Credit Default Swap 14.04 -6.5%

• Illinois Municipal Debt Credit Default Swap 186.45 +1.24%
  

• Italian/German 10Y Yld Spread 130.75 -7.5 basis points

• China Sovereign Debt Credit Default Swap 40.80 -10.6%
  

• Brazil Sovereign Debt Credit Default Swap 129.46 -3.66%
  

• Israel Sovereign Debt Credit Default Swap 55.95 -.20%

• South Korea Sovereign Debt Credit Default Swap 31.60 -3.24%

• Russia Sovereign Debt Credit Default Swap 76.54 -13.2%

• iBoxx Offshore RMB China Corporate High Yield Index 166.69 +.18%

• 10-Year TIPS Spread 1.60% +3.0 basis points

• TED Spread 30.5 -2.5 basis points

• 2-Year Swap Spread 4.75 -.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -20.0 -1.5 basis points

• N. America Investment Grade Credit Default Swap Index 55.49 -3.8%
  

• America Energy Sector High-Yield Credit Default Swap Index 483.0 -6.1%

• European Financial Sector Credit Default Swap Index 60.21 -2.59%
  

• Emerging Markets Credit Default Swap Index 201.16 -1.51%
  

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

• M1 Money Supply $3.888 Trillion -.96%

• Commercial Paper Outstanding 1,079.40 -1.1%

• 4-Week Moving Average of Jobless Claims 214,750 +1,000

• Continuing Claims Unemployment Rate 1.2% +10.0 basis points
  

• Average 30-Year Mortgage Rate 3.69% +12.0 basis points

• Weekly Mortgage Applications 585.50 +.52%

• Bloomberg Consumer Comfort 63.5 +.8 point

• Weekly Retail Sales +4.10% -160.0 basis points

• Nationwide Gas $2.66/gallon +.02/gallon

• Baltic Dry Index 1,861 -3.27%

• China (Export) Containerized Freight Index 783.15 -3.06%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 85.0 -2.86%

• Rail Freight Carloads 267.013 -.38%

Best Performing Style

• Small-Cap Value +1.5%

Worst Performing Style

• Mid-Cap Growth -.1%

Leading Sectors

• Healthcare Providers +5.9%

• Homebuilders +5.3%

• Airlines +3.1%

• Banks +2.8%

• Construction +2.3%

Lagging Sectors

• Computer Services -2.3% 

• Software -2.5%

• Oil Service -3.0%

• Education -3.2%

• Steel -3.8%

Weekly High-Volume Stock Gainers (18)

• ISRG, KSU, STT, ETFC, PBCT, GNTX, UBNK, WAL, FFIN, CCK, STAA, MNTA, YETI, GDI, CCI, CSII, RECN and RETA

Weekly High-Volume Stock Losers (16)

• CDAY, ZYXI, APPN, NOW, MDB, SMAR, IIPR, BA, TRHC, ESTC, ZEN, RNG, ZS, OKTA, COUP and AYX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change