Friday, September 03, 2021

Evening Headlines

Bloomberg:                

Wall Street Journal:  
CNBC:
IG:
MarketWatch.com:     
Fox News: 
Zero Hedge:
TheGatewayPundit.com:

Weekly Scoreboard*


S&P 500 4,539.24 +.64%*


 

 

 

 

 

 

 

 

 

 

 

 

The Weekly Wrap by Briefing.com. 

Indices
  • DJIA 35,416.50 -.19%
  • NASDAQ 15,371.50 +1.5%
  • Russell 2000 2,289.30 +.6%
  • S&P 500 High Beta 74.61 -.88%
  • Goldman 50 Most Shorted 339.95 +.97%
  • Wilshire 5000 47,110.50 +.6%
  • Russell 1000 Growth 2,941.22 +1.3%
  • Russell 1000 Value 1,608.07 -.08%
  • S&P 500 Consumer Staples 754.68 +1.54%
  • MSCI Cyclicals-Defensives Spread 1,432.55 -1.0%
  • NYSE Technology 4,367.35 +1.9%
  • Transports 14,809.41 -.43%
  • Utilities 950.50 +1.9%
  • Bloomberg European Bank/Financial Services 73.69 -.32%
  • MSCI Emerging Markets 53.13 +3.2%
  • HFRX Equity Hedge 1,467.20 +.54%
  • HFRX Equity Market Neutral 927.64 -.13%
Sentiment/Internals
  • NYSE Cumulative A/D Line 482,736 +1.1%
  • Bloomberg New Highs-Lows Index 995 +906
  • Crude Oil Commercial Bullish % Net Position -37.3 +3.3%
  • CFTC Oil Net Speculative Position 374,312 -7.4%
  • CFTC Oil Total Open Interest 2,042,879 -4.4%
  • Total Put/Call .84 -4.7%
  • OEX Put/Call 3.30 -7.5%
  • ISE Sentiment 114.0 -22.0 point
  • NYSE Arms 1.10 +43.4
  • Bloomberg Global Risk-On/Risk-Off Index 2,993.0 +157.0 points
  • Bloomberg Financial Conditions Index + Bubbles 5.75 +.84% 
  • Volatility(VIX) 16.4 +.5%
  • S&P 500 Implied Correlation 50.99 +2.7%
  • G7 Currency Volatility (VXY) 5.8 -1.7%
  • Emerging Markets Currency Volatility (EM-VXY) 8.5 -1.3%
  • Smart Money Flow Index 14,915.98 -.51%
  • ICI Money Mkt Mutual Fund Assets $4.509 Trillion -.4%
  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -7.364 Million
  • AAII % Bulls 43.4 +9.6%
  • AAII % Bears 33.0 -6.0%
Futures Spot Prices
  • CRB Index 220.01 +.38%
  • Crude Oil 69.12 +1.0%
  • Reformulated Gasoline 214.87 +.67%
  • Natural Gas 4.70 +7.1%
  • Heating Oil 215.49 +2.1%
  • Gold 1,830.29 +.8%
  • Silver 24.70 +2.9%
  • S&P GSCI Industrial Metals Index 473.67 +.54%
  • Copper 433.5 +.57%
  • US No. 1 Heavy Melt Scrap Steel 448.0 USD/Metric Tonne -1.54%
  • China Iron Ore Spot 144.10 USD/Metric Tonne -8.1%
  • Lumber 637.0 +27.0%
  • UBS-Bloomberg Agriculture 1,288.35 -1.2%
  • US Gulf NOLA Potash Spot 600.0 USD/Short Ton +3.5%
Economy
  • Atlanta Fed GDPNow Forecast +3.7% -1.4 percentage points
  • ECRI Weekly Leading Economic Index Growth Rate +4.0% -.8 percentage points
  • Bloomberg US Recession Probability Next 12 Months 10.0% unch.
  • NY Fed Real-Time Weekly Economic Index +7.95 +.25%
  • US Economic Policy Uncertainty Index 71.5 -50.6%
  • S&P 500 Blended Forward 12 Months Mean EPS Estimate 214.26 +.29%
  • Citi US Economic Surprise Index -54.0 -4.5 points
  • Citi Eurozone Economic Surprise Index -22.2 -7.5 points
  • Citi Emerging Markets Economic Surprise Index 15.7 -12.8 points
  • Fed Fund Futures imply 100.0% chance of no change, 0.0% chance of rate hike on 9/22
  • US Dollar Index 92.01 -.74%
  • MSCI Emerging Markets Currency Index 1,739.26 +.72%
  • Bitcoin/USD 50,329 +3.3%
  • Euro/Yen Carry Return Index 134.57 +.66%
  • Yield Curve 108.0 -2.0 basis points
  • 10-Year US Treasury Yield 1.32% +1.0 basis point
  • Federal Reserve's Balance Sheet $8.310 Trillion +.19%
  • U.S. Sovereign Debt Credit Default Swap 9.96 -.1%
  • Illinois Municipal Debt Credit Default Swap 128.0 +8.2%
  • Italian/German 10Y Yld Spread 107.0 +4.0 basis points
  • China Sovereign Debt Credit Default Swap 32.69 -4.3%
  • Brazil Sovereign Debt Credit Default Swap 175.85 -1.2%
  • Israel Sovereign Debt Credit Default Swap 42.0 -1.23%
  • South Korea Sovereign Debt Credit Default Swap 17.92 +.13%
  • Russia Sovereign Debt Credit Default Swap 79.59 -1.68%
  • China Corp. High-Yield Bond USD ETF(KHYB) 38.4 -.09%
  • 10-Year TIPS Spread 2.34% -6.0 basis points
  • TED Spread 8.0 +.25 basis point
  • 2-Year Swap Spread 9.0 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.0 -.25 basis point
  • N. America Investment Grade Credit Default Swap Index 46.66 -.48%
  • America Energy Sector High-Yield Credit Default Swap Index 297.0 -7.7%
  • European Financial Sector Credit Default Swap Index 52.06 -1.0%
  • Emerging Markets Credit Default Swap Index 150.11 -2.2%
  • MBS 5/10 Treasury Spread 74.5 +2.0 basis points
  • Markit CMBX BBB-6 72.5 unch.
  • M2 Money Supply YoY % Change 12.1 unch.
  • Commercial Paper Outstanding 1,156.60 +.6%
  • 4-Week Moving Average of Jobless Claims 355,000 -3.2%
  • Continuing Claims Unemployment Rate 2.0% -10.0 basis points
  • Average 30-Year Mortgage Rate 2.87% +1.0 basis point
  • Weekly Mortgage Applications 719,400 -2.4%
  • Langer Consumer Comfort 58.2 +1.0 point
  • Weekly Retail Sales +16.6% +.7 percentage point
  • Nationwide Gas $3.18/gallon +.01/gallon
  • Baltic Dry Index 4,001 -4.6%
  • China (Export) Containerized Freight Index 3,097.58 +.6%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 17.5 unch.
  • Truckstop.com Market Demand Index 155.82 +7.4%
  • Rail Freight Carloads 269,756 -.28%
  • US Covid-19:  355 infections/100K people(last 7 days total) +25/100K people
  • US Covid-19:  67% of Jan. 7th,2021 peak +5.0 percentage points
Best Performing Style
  • Small-Cap Growth +1.4%
Worst Performing Style
  • Small-Cap Value -.2%
Leading Sectors
  • Social Media +4.1%
  • Robotics +3.7%
  • Video Gaming +3.4%
  • Digital Health +3.4%
  • Medical Equipment +3.0%
Lagging Sectors
  • Road & Rail -1.8%
  • Oil Service -2.3%
  • Airlines -2.9%
  • Steel -3.3%
  • Banks -4.0%
Weekly High-Volume Stock Gainers (35)
  • MDB, RKLB, DOCN, PD, ALEX, SLQT, AMR, NTNX, CTLP, GDRX, AVPT, ESTC, AR, SEER, RRC, MARA, GWRE, INMB, ASAN, RSI, EQT, COUP, SAIC, COIN, SMAR, BTBT, KNBE, SAIC, BL, CERT, IPOF, PCOR, AMBA, PING, HLMN and UPST
Weekly High-Volume Stock Losers (11)
  • VZIO, BYND, JWN, CURV, PFN, LE, TLYS, PTY, AGFY, SAVA and JOAN
ETFs
Stocks
*5-Day Change

Stocks Reversing Slightly Higher into Afternoon on Diminishing Fed Taper Worries, Declining Virus Lockdown Fears, US Dollar Weakness, Tech/Metals & Mining Sector Strength

Broad Equity Market Tone:

  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 16.4 +.12%
  • Bloomberg Global Risk On/Risk Off Index 2,974.0 +17.0 points
  • Euro/Yen Carry Return Index 134.60 -.11%
  • Emerging Markets Currency Volatility(VXY) 8.55 unch.
  • S&P 500 Implied Correlation 50.8 +1.5%
  • ISE Sentiment Index 113.0  +13.0 points
  • Total Put/Call .81 +20.9%
  • NYSE Arms 1.16 +21.0%
Credit Investor Angst:
  • North American Investment Grade CDS Index 46.61 +.59%
  • US Energy High-Yield OAS 397.76 -.88%
  • European Financial Sector CDS Index 52.08 +.79%
  • Italian/German 10Y Yld Spread 107.0 +2.0 basis points
  • Asia Ex-Japan Investment Grade CDS Index 64.43 -.43%
  • Emerging Market CDS Index 150.11 +.02%
  • China Corp. High-Yield Bond USD ETF(KHYB) 38.35 -.25%
  • 2-Year Swap Spread 9.0 unch.
  • TED Spread 8.0 -.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -3.0 unch.
  • MBS  5/10 Treasury Spread  74.0 -1.5 basis points
  • IHS Markit CMBX BBB- 6 72.5 unch.
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 60.64 +.14%
  • 3-Month T-Bill Yield .04% unch.
  • Yield Curve 108.0 -1.0 basis point
  • China Iron Ore Spot 144.1 USD/Metric Tonne +.5%
  • Citi US Economic Surprise Index -54.0 -2.2 points
  • Citi Eurozone Economic Surprise Index -22.2 -11.3 points
  • Citi Emerging Markets Economic Surprise Index 15.7 -2.8 points
  • 10-Year TIPS Spread 2.34 unch.
  • 98.3% chance of no change at Nov. 3rd meeting, 98.3% chance of no change at Dec. 15th meeting
US Covid-19:
  • 355 new infections/100K people(last 7 days total) 0/100K people
  • 67% of Jan. 7th, 2021 peak(highest daily avg. new infections) unch.
Overseas Futures:
  • Nikkei 225 Futures: Indicating +407 open in Japan 
  • China A50 Futures: Indicating +43 open in China
  • DAX Futures: Indicating -5 open in Germany
Portfolio:
  • Higher: On gains in my tech sector longs and index hedges
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

Bear Radar

 Style Underperformer:

  • Small-Cap Value -.8%
Sector Underperformers:
  • 1) Airlines -1.4% 2) Homebuilding -1.4% 3) Oil Service -1.4%
Stocks Falling on Unusual Volume: 
  • FLYW, BYND, CHPT, CURV, TLYS, PFN, PTY, SAVA, TTCF, YEXT and JOAN
Stocks With Unusual Put Option Activity:
  • 1) MDB 2) MAC 3) FBRX 4) MDLZ 5) EWJ
Stocks With Most Negative News Mentions:
  • 1) FBRX 2) JOBY 3) YEXT 4) SAVA 5) MNRL
Charts: