- Volume Running -13.9% Below 100-Day Average
- 3 Sectors Rising, 8 Sectors Declining
- 41.7% of Issues Advancing, 55.1% Declining
- 230 New 52-Week Highs, 8 New Lows
- 89.1% of Issues Above 200-day Moving Average
- Average 14-Day RSI 53.8%
- Bloomberg Global Risk-On/Risk-Off Index 3,314.0 -3.0 points
- Vix 16.7 +7.0%
- Total Put/Call .71 -14.5%
- TRIN/Arms 1.01 -3.8%
Portfolio Manager's Commentary on Investing and Trading in the U.S. Financial Markets
Monday, June 14, 2021
Mid-Day Market Internals
NYSE Composite Index:
Monday Watch
Today's Headlines
Bloomberg:
- China Tells U.S. to Stop Delaying Removal of Iran Sanctions.
- With Merkel Gone, Canada’s Trudeau Wants to Be ‘Dean’ of G-7.
- The G-7’s 1 Billion Pledge for New Vaccine Doses Comes Up Short.
- Treasuries Dip With Focus on Fed; Stocks Mixed: Markets Wrap.
- Saudi Stocks Lead Mideast Higher as Oil Extends Gains: Inside EM.
- A Meme Stock Is Born: How to Spot the Next Reddit Favorite.
- G-7 Drops Aim to Shift New Car Sales Away from Oil By 2030.
- Out-of-Control Shipping Costs Fire Up Prices From Coffee to Toys.
- Fed Dot Plot Seen Shifting to 2023 Rate Liftoff, Economists Say.
- European Bank Stocks Lead Rally After a Decade of Disappointment.
Wall Street Journal:
- U.S. Workers Are Quitting at Highest Rate in Decades.
- G-7 Leaders Rally to Biden’s Call to Challenge China.
- Positive Covid-19 Tests Fall to Lowest Recorded Rate.
- Why That Sofa You Ordered Isn’t Showing Up Soon.
- Schoolyard Justice in Federal Court.
- Markets Are Leaving Little Room for the Fed to Be Wrong on Inflation.
- National Parks Are Overcrowded and Closing Their Gates.
- Chip Shortage Brings Frustration but More Business to Middlemen.
Fox News:
CNBC:
- Top Wall Street analysts say these stocks are poised to deliver significant gains.
- How bad are global shipping snafus? Home Depot contracted its own container ship as a safeguard.
- GM, Ford are all-in on EVs. Here’s how their dealers feel about it.
Zero Hedge:
- Reviewing Market Signals As Warnings Increase.
- Invesco Launches 2 "Zero Fee" ETFs As Sponsors Compete To Offer Cheapest Funds.
- Doctor Who Wants Indefinite UK Lockdown Says "Sadly, It Can't Be Forever".
- Lumber Prices Record Biggest Weekly Drop Ever As Supply Increases.
- Baltimore City Responds After Dozens Of Businesses Threaten Not To Pay Taxes.
- "It Won't Be Pleasant" - Mark Carney Unveils Dystopian New World To Combat Climate 'Crisis'.
- Visualizing The Biggest Companies In The World In 2021.
- Real Interest Rates Suggest It's A Good Time To Buy And Hold Gold.
- Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs.
- Visualizing The History Of US Inflation Over 100 Years.
- Mexican Drug Cartel Unveils "Grupo Elite" Special Forces Unit Hunting Rivals.
- Ford's Electric F-150 Lightning Reservations Pass 100,000.
- Gluten-Free Generation: Children With Celiac Disease Doubles In 25-Years.
MarketWatch.com:
TheGatewayPundit.com:
- Developing: The Same Suspicious SQL Software Discovered in Michigan Dominion Voting Machines Was Just Found in Pennsylvania Dominion Voting Machines.
- Biden Handlers Realize A Joint Press Conference with Putin Would Be Complete Disaster – Decide on Separate Press Conferences.
- PRESIDENT TRUMP on the Biden Admin’s Attempts To Shut Down Arizona Audit: “They Want It Over With Because They Seem to Know What Will Be Found”.
- BREAKING: Reporter Who Broke Clinton-Lynch Tarmac Story Found DEAD in His Apartment.
The Epoch Times:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
- Asian indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 82.75 -1.0 basis point.
- China Sovereign CDS 35.5 unch.
- Bloomberg Emerging Markets Currency Index 61.71 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 3,3352.0 +34.0 points.
- Volatility Index(VIX) futures 18.80 -.27%.
- Euro Stoxx 50 futures +.22%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.17%
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
- None of note
Upcoming Splits
- None of note
- The Japan Industrial Production report and the Credit Suisse Communications Conference could also impact trading today.
- 9:30 am - 4:00 pm EST
Saturday, June 12, 2021
Today's Headlines
Bloomberg:
- Asia Reflation Momentum Puts Commodities, Shipping Stocks on Top.
- Johnson Threatens to Suspend Brexit Protocol in Row With EU.
- Pros, a Rookie, a Brexit Man and a New Heavyweight: G-7 Guide.
- WallStreetBets Traders Just Can’t Agree on Where to Go Next.
- Tech Stocks Power Market to Record on All-Clear From Treasuries.
- Hot U.S. Inflation Could Stir Once-Sleepy Household Expectations.
- Summers Surprised by Bond Yields Falling Even as Inflation Jumps.
- Security Stocks Eye Best Week in Months as List of Hacks Grows.
- SEC Says It’s Scrutinizing Market Swings as Meme Stocks Surge.
- U.S. Deaths Decline; Johnson May Extend U.K. Rules: Virus Update.
- Zombie Stocks Defy Bankruptcy Logic as Meme Traders Bid Them Up.
- Sorry Millennials, Boomers Are Most Important Group for Market.
- Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking.
- Five Charts That Show How Much the Crypto Space Just Slowed Down.
- U.S. Water and Power Are Shockingly Vulnerable to Cyberhacks.
Wall Street Journal:
- The Great American Rip-Off.
- A Scientist Who Said No to Covid Groupthink.
- Understanding China’s Covid Propaganda.
- China’s New Power Play: More Control of Tech Companies’ Troves of Data.
- Supply Chains Are Strained. These Companies Are Best Prepared.
- Covid Outbreaks in Asia Disrupt Global Supply Chains.
CNBC:
- Biden to press G-7 leaders to adopt a unified approach to counter China’s rising influence.
- The Fed could be facing a jobs headache in its inflation fight.
- Markets await Fed meeting before making the next big move in week ahead.
- Lawmakers unveil major bipartisan antitrust reforms that could reshape Amazon, Apple, Facebook, Google.
- Had bullish commentary on (LLY).
- Had bearish commentary on (TSM).
Newsmax:
Zero Hedge:
- Environmentalist Groups File Complaint To Block Tesla's German Gigafactory Construction.
- Austin Mass Shooting Leaves 13 Hospitalized - Gunman Still At Large.
- One Shocking Chart That Has Farmers Trembling With Fear.
- "This Is Wealth Redistribution": Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums.
- Stockman Warns "Buckle Up!", May's Soaring CPI Print Was No 'Transitory' Blip.
- Fossil Fuels Aren't Dying, They're Shifting To National And State Backed Companies.
- "Shot Themselves In The Foot" - AMC 'Messiah' Mudrick Battered By Bad Options Bet.
- Victor Davis Hanson: This Isn't Your Father's Left-Wing Revolution.
- The War Over Genetic Privacy Is Just Beginning.
- Brandon Smith: The Real Reasons Why California Leftists Are Terrified Of The AR-15.
- How Fanatics Took Over The World.
- Perfect Storm: Congestion Plagues South China And US West Coast Ports.
- Western Companies "Shocked" After China Rushes Through Anti-Sanctions Law.
- Pentagon Boss 'Clarifies' Russia & China Pose Biggest Threats After Biden Says It's Climate Change.
- Two Big Problems Are Plaguing Our Economy, New Small Business Survey Reveals.
- Greenwald: Trump DOJ Obtained Data On Schiff And Swalwell, Two Long-Time Champions Of Domestic Spying.
- Bond Yields Plunge Most In A Year, Dollar Spikes As Inflation Soars.
TheGatewayPundit.com:
- America Last: Joe Biden Shuffles Alone in the Back of the Pack While G7 Leaders Take Photo with Queen Elizabeth (VIDEO).
- BREAKING: AG Merrick Garland Announces that His DOJ Will Scrutinize Any Post-Election Audits for Evidence of Voting Law Violations!!
- SHOCKING JUMP in Vaccine Deaths Reported This Week at CDC-Linked VAERS Tracking Website.
- After Tormenting General Flynn with Judicial Acts Never Seen Before, Corrupt Judge Sullivan Now Is Persecuting Trump Supporters from Jan 6 Protest.
- Wealthy BLM Co-Founder BUILDS A WALL Around Her Million Dollar Estate.
- Exclusive: Woke Baptists Are Making The Southern Baptist Convention Look Like “Grand Theft Auto”.
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Worldometer:
Rt Covid-19:
KFF:
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
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