S&P 500 4,713.6 +2.3%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • Russell 2000 1,987.06 +5.3%
  • NYSE FANG+ 8,614.2 +3.5% 
  • Roundhill Meme Stock ETF 38.51 -1.1%
  • Goldman 50 Most Shorted 158.9 +11.1%
  • Wilshire 5000 47,155.4 +2.7%
  • Russell 1000 Growth 3,019.7 +2.0%
  • Russell 1000 Value 1,606.7 +3.0%
  • S&P 500 Consumer Staples 749.14 +1.6%
  • Bloomberg Cyclicals/Defensives Pair Index 141.7 +3.2%
  • NYSE Technology 4,279.6 +4.0%
  • Transports 16,011.3 +5.3%
  • Bloomberg European Bank/Financial Services 90.15 -.16%
  • MSCI Emerging Markets 39.95 +2.4%
  • Credit Suisse AllHedge Long/Short Equity Index 188.29 -.16%


  • Credit Suisse AllHedge Equity Market Neutral Index 105.97 -.21%

Sentiment/Internals

  • NYSE Cumulative A/D Line 471,207 +1.4%
  • Nasdaq/NYSE Volume Ratio 5.4 -49.1%
  • Bloomberg New Highs-Lows Index 1,863 +1,817
  • Crude Oil Commercial Bullish % Net Position -23.3 +13.3%

  • CFTC Oil Net Speculative Position 168,990 -7.7%

  • CFTC Oil Total Open Interest 1,650,437 +5.54%
  • ISE Sentiment 145.0 +32.0 points
  • NYSE Arms 1.68 +162.1%
  • Bloomberg Global Risk-On/Risk-Off Index 57.4 -5.0%
  • Bloomberg US Financial Conditions Index .67 +5.0 basis points
  • Bloomberg European Financial Conditions Index .40 +8.0 basis points
  • Volatility(VIX) 12.2 -.4%
  • DJIA Intraday % Swing .65% +18.2%
  • CBOE S&P 500 3M Implied Correlation Index 18.2 -10.2%
  • G7 Currency Volatility (VXY) 8.23 +2.8%
  • Emerging Markets Currency Volatility (EM-VXY) 7.95 +.51%
  • Smart Money Flow Index 14,483.6 +5.7%
  • NAAIM Exposure Index  78.0 +2.9
  • ICI Money Mkt Mutual Fund Assets $5.886 Trillion -.2%

  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$.683 Million

Futures Spot Prices

  • Crude Oil 71.49/bbl. +.28%
  • Reformulated Gasoline 213.13 +3.7%
  • Natural Gas 2.48 -3.0%
  • Dutch TTF Nat Gas(European benchmark) 33.2 euros/megawatt-hour -14.6%
  • Heating Oil 262.1 +1.4% 
  • Newcastle Coal 144.0 (1,000/metric ton) -3.4%
  • Gold 2,020.5 +.69%
  • Silver 23.86 +3.6%
  • S&P GSCI Industrial Metals Index 411.1 +2.5%
  • US No. 1 Heavy Melt Scrap Steel 424.0 USD/Metric Tonne -1.4%


  • China Iron Ore Spot 131.9 USD/Metric Tonne -2.3%
  • UBS-Bloomberg Agriculture 1,539.09 -.67%
  • US Gulf NOLA Potash Spot 322.50 USD/Short Ton unch.

Economy

  • Atlanta Fed GDPNow 4Q Forecast +2.61% +136.0 basis points

  • NY Fed Real-Time Weekly Economic Index 2.39 +13.3%
  • US Economic Policy Uncertainty Index 75.3 -17.0%
  • S&P 500 Current Quarter EPS Growth Rate YoY(6 of 500 reporting) +12.3% n/a
  • S&P
    500 Blended Forward 12 Months Mean EPS Estimate 242.33 -.02:  Growth
    Rate +11.3% +1.9 percentage points, P/E 19.5 +.6
  • S&P 500 Current Year Estimated Profit Margin 12.07% -4.0 basis points
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) +n/a
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 293.28 +7.48: Growth Rate +37.5% +3.5 percentage points, P/E 29.2 +.4
  • Citi US Economic Surprise Index 13.8 -6.5 points
  • Citi Eurozone Economic Surprise Index -41.8 -20.8 points
  • Citi Emerging Markets Economic Surprise Index 20.1 -6.1 points

  • Fed
    Fund Futures imply 14.5%(+10.5 percentage points) chance of -25.0 basis
    point cut to 5.0-5.25%, 85.5%(-7.7 percentage points) chance of no
    change, 0.0%(-2.8 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 1/31
  • US Dollar Index 102.56 -1.4%
  • MSCI Emerging Markets Currency Index 1,723.9 +.6%
  • Bitcoin/USD 42,131.3 -3.8%
  • Euro/Yen Carry Return Index 166.30 -.56%
  • Yield Curve(2s/10s) -54.25 -6.25 basis points
  • 10-Year US Treasury Yield 3.92% -32.0 basis points
  • Federal Reserve’s Balance Sheet $7.703 Trillion +.03% 
  • Federal Reserve’s Discount Window Usage $2.058 Billion -2.5%
  • Federal Reserve’s Bank Term Funding Program $123.76 Billion +1.7%
  • U.S. Sovereign Debt Credit Default Swap 46.87 -1.7%
  • Illinois Municipal Debt Credit Default Swap 168.10 -8.8%
  • Italian/German 10Y Yld Spread 171.0 -9.0 basis points
  • UK Sovereign Debt Credit Default Swap 35.66 -1.1%
  • China Sovereign Debt Credit Default Swap 59.64 -4.0%
  • Brazil Sovereign Debt Credit Default Swap 138.20 -6.6%
  • Israel Sovereign Debt Credit Default Swap 108.91 -.2%
  • South Korea Sovereign Debt Credit Default Swap 26.29 -5.3%
  • China Corp. High-Yield Bond USD ETF(KHYB) 25.82 +1.2%
  • China High-Yield Real Estate Total Return Index 77.96 +4.8%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +6.1% +.2 percentage point
  • Zillow US All Homes Rent Index YoY +3.3% +.1 percentage point
  • US Urban Consumers Food CPI YoY +3.0% -.3 percentage point
  • CPI Core Services Ex-Shelter YoY +4.1% +.2 percentage point
  • Cleveland Fed Inflation Nowcast Core PCE YoY +3.43% -.3 percentage point: CPI YoY +3.38% +.34 percentage point
  • 10-Year TIPS Spread 2.22% +1.0 basis point
  • TED Spread 25.75 +1.25 basis points
  • 2-Year SOFR Swap Spread -19.25 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.0 unch.
  • N. America Investment Grade Credit Default Swap Index 57.6 -6.5%
  • America Energy Sector High-Yield Credit Default Swap Index 169.0 -4.9
  • Bloomberg TRACE # Distressed Bonds Traded 374.0 -3.0
  • European Financial Sector Credit Default Swap Index 68.6 -9.8%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 206.4 -6.9%
  • Emerging Markets Credit Default Swap Index 172.33 -7.1%
  • MBS 5/10 Treasury Spread 146.0 -3.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 963.0 +11.0 basis points
  • Avg. Auto ABS OAS .82 -1.0 basis point

  • M2 Money Supply YoY % Change -3.3% unch.
  • Commercial Paper Outstanding 1,242.9 -.7%
  • 4-Week Moving Average of Jobless Claims 213,250 -3.5%
  • Continuing Claims Unemployment Rate 1.3% +10.0 basis points
  • Kastle Back-to-Work Barometer(entries in secured buildings) 51.64 +5.3%
  • Average 30-Year Fixed Home Mortgage Rate 7.21% -20.0 basis points
  • Weekly Mortgage Applications 194,500 +7.4%
  • Weekly Retail Sales +3.20% +20.0 basis points
  • OpenTable US Seated Diners % Change YoY -1.0% +3.0 percentage points
  • Box Office Weekly Gross $117.4M -13.1%
  • Nationwide Gas $3.09/gallon -.10/gallon
  • Baltic Dry Index 2,411.0 -2.9%
  • China (Export) Containerized Freight Index 869.34 +1.27%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.5 -7.1%
  • Truckstop.com Market Demand Index 37.77 -16.5%

  • Rail Freight Carloads 269,670 -1.1%
  • TSA Total Traveler Throughput 2,495,661 +26.3%

Best Performing Style

Worst Performing Style

Leading Sectors

  • Semis +9.1%
  • Regional Banks +7.7%

Lagging Sectors

Weekly High-Volume Stock Gainers (51)

  • NCL,
    BVN, BCYC, DOCU, AMAM, BBIO, HUT, FRO, RYTM, CHWY, SYM, DHT, FSLR, TNK,
    BAP, GKOS, CPE, BAND, STNG, CMTG, MLTX, DYN, JD, MODN, TNP, OSPN, COST,
    STLD, ENPH, TITN, ARVN, ASC, TENB, VRNA, INSW, BOX, GNK, DQ, AA, BPMC,
    TRMD, RYI, ARVN, VSTO, RUN, ENVX, SBLK, TEAM, GLOB, DVAX, FDMT, BABA,
    FARO and ALTG

Weekly High-Volume Stock Losers (13)

  • CAH, DTM, IEP, SE, AEE, SIBN, IOT, EXC, RELY, XPEV, LMND and EDU

ETFs

Stocks

*5-Day Change



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