S&P 500 4,451.1 -1.3%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • Russell 2000 1,851.92 -2.5%
  • NYSE FANG+ 7,757.4 -.89% 
  • Roundhill Meme Stock ETF 34.44 -2.5%
  • Goldman 50 Most Shorted 147.7 -2.9%
  • Wilshire 5000 44,421.0 -1.4%
  • Russell 1000 Growth 2,793.9 -1.34%
  • Russell 1000 Value 1,544.2 -1.0%
  • S&P 500 Consumer Staples 725.5 -1.6%
  • MSCI Cyclicals-Defensives Spread 1,263.0 -1.0%
  • NYSE Technology 3,795.73 -.96%
  • Transports 15,202.7 -3.5%
  • Bloomberg European Bank/Financial Services 82.97 -2.6%
  • MSCI Emerging Markets 38.8 -1.2%
  • Credit Suisse AllHedge Long/Short Equity Index 192.5 -.5%


  • Credit Suisse AllHedge Equity Market Neutral Index 103.0 -.16%

Sentiment/Internals

  • NYSE Cumulative A/D Line 462,198 -.75%
  • Nasdaq/NYSE Volume Ratio 9.7 +9.0%
  • Bloomberg New Highs-Lows Index -420 +131
  • Crude Oil Commercial Bullish % Net Position -29.2 +2.2%

  • CFTC Oil Net Speculative Position 240,905 +2.8%

  • CFTC Oil Total Open Interest 1,658,521 +2.2%
  • Total Put/Call 1.07 +2.9%
  • ISE Sentiment 113.0 +15.0 points
  • NYSE Arms 1.06 -9.9%
  • Bloomberg Global Risk-On/Risk-Off Index 70.6 +.3%
  • Bloomberg US Financial Conditions Index .45 -2.0 basis points
  • Bloomberg European Financial Conditions Index -.54 -64.0 basis points
  • Volatility(VIX) 14.0 +2.4%
  • DJIA Intraday % Swing .45% -40.0%
  • CBOE S&P 500 3M Implied Correlation Index 20.0 +5.3%
  • G7 Currency Volatility (VXY) 8.09 +1.89%
  • Emerging Markets Currency Volatility (EM-VXY) 8.74 +1.9%
  • Smart Money Flow Index 12,239.9 -4.43%
  • NAAIM Exposure Index  49.7 -20.5
  • ICI Money Mkt Mutual Fund Assets $5.625 Trillion +.8%

  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$.452 Million

Futures Spot Prices

  • Crude Oil 87.40/bbl. +4.67%
  • Reformulated Gasoline 265.52 +3.60%
  • Natural Gas 2.61 -5.6%
  • Dutch TTF Nat Gas(European benchmark) 34.50 euros/megawatt-hour -3.1%
  • Heating Oil 330.0 +4.7% 
  • Newcastle Coal 160.7 (1,000/metric ton) +3.0%
  • Gold 1,918.70 -1.1%
  • Silver 22.90 -5.3%
  • S&P GSCI Industrial Metals Index 412.5 -.5%
  • US No. 1 Heavy Melt Scrap Steel 373.0 USD/Metric Tonne +2.5%


  • China Iron Ore Spot 114.1 USD/Metric Tonne -.44%
  • CME Lumber  499.0 -1.38%
  • UBS-Bloomberg Agriculture 1,602.54 +.50%
  • US Gulf NOLA Potash Spot 332.5 USD/Short Ton +.3%

Economy

  • Atlanta Fed GDPNow 2Q Forecast +5.58% -6.0 basis points

  • NY Fed Real-Time Weekly Economic Index 1.58 -11.2%
  • US Economic Policy Uncertainty Index 60.8 -58.1%
  • S&P 500 Current Quarter EPS Growth Rate YoY(497 of 500 reporting) -5.8% -.2 percentage point
  • S&P
    500 Blended Forward 12 Months Mean EPS Estimate 238.45 +.66:  Growth
    Rate +8.5% +.4 percentage point, P/E 18.7 -.3
  • S&P 500 Current Year Estimated Profit Margin 12.14% -7.0 basis points
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(10 of 10 reporting) +25.4% +1.1 percentage point
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 245.74 +1.86: Growth Rate +48.2% +1.1 percentage point, P/E 31.6 -.4
  • Citi US Economic Surprise Index 61.4 +9.3 points
  • Citi Eurozone Economic Surprise Index -74.1 -12.0 points
  • Citi Emerging Markets Economic Surprise Index 6.3 +.2 point

  • Fed
    Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis
    point cut to 5.0-5.25%, 93.0%(+1.0 percentage point) chance of no
    change, 7.0%(-1.0 percentage point) chance of +25.0 basis point hike to 5.5-5.75% on 9/20
  • US Dollar Index 105.09 +1.38%
  • MSCI Emerging Markets Currency Index 1,666.36 -.79%
  • Bitcoin/USD 25,787.5 -.99%
  • Euro/Yen Carry Return Index 167.76 +.41%
  • Yield Curve(2s/10s) -73.25 -3.25 basis points
  • 10-Year US Treasury Yield 4.25% +8.0 basis points
  • Federal Reserve’s Balance Sheet $8.064 Trillion -.24% 
  • Federal Reserve’s Discount Window Usage $2.049 Billion -7.0%
  • U.S. Sovereign Debt Credit Default Swap 49.32 +2.9%
  • Illinois Municipal Debt Credit Default Swap 188.98 -1.2%
  • Italian/German 10Y Yld Spread 174.0 +5.0 basis points
  • UK Sovereign Debt Credit Default Swap 27.93 +2.8%
  • China Sovereign Debt Credit Default Swap 72.31 +1.2%
  • Brazil Sovereign Debt Credit Default Swap 170.85 +2.6%
  • Israel Sovereign Debt Credit Default Swap 52.38 -3.4%
  • South Korea Sovereign Debt Credit Default Swap 31.9 -4.1%
  • China Corp. High-Yield Bond USD ETF(KHYB) 24.92 +.5%
  • China High-Yield Real Estate Total Return Index 86.14 +7.8%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% -10.0 basis points
  • Zillow US All Homes Rent Index YoY +3.6% unch.
  • US Urban Consumers Food CPI YoY +4.9% unch.
  • CPI Core Services Ex-Shelter YoY +4.0% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +4.0% unch.: CPI YoY +3.8% unch.
  • 10-Year TIPS Spread 2.33% +7.0 basis points
  • TED Spread 21.75 -3.75 basis points
  • 2-Year SOFR Swap Spread -10.5 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -11.25 +.25 basis point
  • N. America Investment Grade Credit Default Swap Index 64.43 +1.48%
  • America Energy Sector High-Yield Credit Default Swap Index 180.0 -1.20
  • Bloomberg TRACE # Distressed Bonds Traded 346.0 -18.0
  • European Financial Sector Credit Default Swap Index 82.39 +2.7%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 270.79 +3.6%
  • Emerging Markets Credit Default Swap Index 201.8 +1.58%
  • MBS 5/10 Treasury Spread 167.0 +5.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 806.0 +2.0 basis point
  • Avg. Auto ABS OAS .74 +1.0 basis point

  • M2 Money Supply YoY % Change -3.7% unch.
  • Commercial Paper Outstanding 1,159.8 -2.1%
  • 4-Week Moving Average of Jobless Claims 229,250 -3.6%
  • Continuing Claims Unemployment Rate 1.1% -10.0 basis points
  • Kastle Back-to-Work Barometer(entries in secured buildings) 47.26 +.23%
  • Average 30-Year Fixed Home Mortgage Rate 7.55% +2.0 basis points
  • Weekly Mortgage Applications 183,600 -2.9%
  • Weekly Retail Sales +4.1% +210.0 basis points
  • OpenTable US Seated Diners % Change YoY -5.0% unch.
  • Box Office Weekly Gross YoY $79.1M +112.5%
  • Nationwide Gas $3.81/gallon -.01/gallon
  • Baltic Dry Index 1,141.0 +7.1%
  • China (Export) Containerized Freight Index 890.34 -.3%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.5 -10.0%
  • Truckstop.com Market Demand Index 39.2 -.33%

  • Rail Freight Carloads 245,738 -.05%
  • TSA Total Traveler Throughput 2,599,387 +26.0%

Best Performing Style

Worst Performing Style

Leading Sectors

  • Energy +4.4%
  • Software +1.2%

Lagging Sectors

Weekly High-Volume Stock Gainers (18)

  • GCT, SWBI, GWRE, VKTX, CBAY, IONQ, SMAR, DK, PBF, VLO, KR, PTEN, HP, STAA, DINO, WRK, ACI and SNOW

Weekly High-Volume Stock Losers (11)

  • BOWL, SUM, TTC, SQ, CDMO, BILI, PHR, INOD, VFS, ZUMZ and RH

ETFs

Stocks

*5-Day Change



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