S&P 500 4,366.6 -2.3% |
Weekly Market Wrap by Edward Jones.
Indices
- Russell 2000 1,861.5 -3.3%
- NYSE FANG+ 7,302.5 -3.2%
- Roundhill Meme Stock ETF 34.7 -8.2%
- Goldman 50 Most Shorted 150.70 -7.4%
- Wilshire 5000 43,701.5 -2.3%
- Russell 1000 Growth 2,694.2 -2.1%
- Russell 1000 Value 1,541.94 -2.6%
- S&P 500 Consumer Staples 766.49 -2.5%
- MSCI Cyclicals-Defensives Spread 1,218.86 -.18%
- NYSE Technology 3,557.7 -2.3%
- Transports 15,710.0 -3.1%
- Bloomberg European Bank/Financial Services 83.60 -2.1%
- MSCI Emerging Markets 38.5 -2.9%
- Credit Suisse AllHedge Long/Short Equity Index 194.25 +.72%
- Credit Suisse AllHedge Equity Market Neutral Index 103.3 -.16%
Sentiment/Internals
- NYSE Cumulative A/D Line 460,161 -1.6%
- Nasdaq/NYSE Volume Ratio 8.0 -19.2%
- Bloomberg New Highs-Lows Index -551 -452
- Crude Oil Commercial Bullish % Net Position -30.6 -4.1%
- CFTC Oil Net Speculative Position 255,928 +5.8%
- CFTC Oil Total Open Interest 1,703,711 -2.8%
- Total Put/Call 1.18 +13.9%
- ISE Sentiment 87.0 -20.0 points
- NYSE Arms 1.02 +24.7%
- Bloomberg Global Risk-On/Risk-Off Index 68.9 -3.8%
- Bloomberg US Financial Conditions Index .22 -17.0 basis points
- Bloomberg European Financial Conditions Index -.09 -1.0 basis point
- Volatility(VIX) 17.4 +19.0%
- DJIA Intraday % Swing .83% -.01%
- CBOE S&P 500 3M Implied Correlation Index 25.1 +18.7%
- G7 Currency Volatility (VXY) 8.42 +5.3%
- Emerging Markets Currency Volatility (EM-VXY) 9.16 +2.1%
- Smart Money Flow Index 12,865.7 -4.8%
- NAAIM Exposure Index 59.9 -5.6
- ICI Money Mkt Mutual Fund Assets $5.570 Trillion +.72%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$9.974 Million
Futures Spot Prices
- Crude Oil 81.3/bbl. -1.8%
- Reformulated Gasoline 281.94 -3.6%
- Natural Gas 2.55 -8.4%
- Dutch TTF Nat Gas(European benchmark) 36.4 euros/megawatt-hour +1.4%
- Heating Oil 315.81 +1.74%
- Newcastle Coal 160.0 (1,000/metric ton) +3.9%
- Gold 1,889.27 -1.4%
- Silver 22.75 +.03%
- S&P GSCI Industrial Metals Index 404.75 -.95%
- US No. 1 Heavy Melt Scrap Steel 366.0 USD/Metric Tonne +2.0%
- China Iron Ore Spot 104.9 USD/Metric Tonne +4.9
%
- CME Lumber 532.50 +6.7%
- UBS-Bloomberg Agriculture 1,578.42 +.19%
- US Gulf NOLA Potash Spot 322.5 USD/Short Ton +1.3%
Economy
- Atlanta Fed GDPNow 2Q Forecast +5.76% +164.0 basis points
- NY Fed Real-Time Weekly Economic Index 1.12 -12.5%
- US Economic Policy Uncertainty Index 89.33 +29.7%
- S&P 500 Current Quarter EPS Growth Rate YoY(471 of 500 reporting) -7.5% +.8 percentage point
- S&P
500 Blended Forward 12 Months Mean EPS Estimate 234.92 +.83: Growth
Rate +7.1% +.1 percentage point, P/E 18.6 -.5 - S&P 500 Current Year Estimated Profit Margin 12.14% unch.
- NYSE FANG+ Current Quarter EPS Growth Rate YoY(8 of 10 reporting) +17.0% n/a
- NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 233.53 +1.99: Growth Rate +42.3% +1.2 percentage points, P/E 31.4 -1.5
- Citi US Economic Surprise Index 77.6 +3.9 points
- Citi Eurozone Economic Surprise Index -62.9 +20.4 points
- Citi Emerging Markets Economic Surprise Index 4.3 +1.6 points
- Fed
Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis
point cut to 5.0-5.25%, 90.5%(+.5 percentage point) chance of no change, 9.5%(-.5 percentage point) chance of +25.0 basis point hike to 5.5-5.75% on 9/20
- US Dollar Index 103.3 +.49%
- MSCI Emerging Markets Currency Index 1,664.99 -.75%
- Bitcoin/USD 25,947.8 -11.9%
- Euro/Yen Carry Return Index 167.13 -.52%
- Yield Curve(2s/10s) -67.5 +6.0 basis points
- 10-Year US Treasury Yield 4.25% +9.0 basis points
- Federal Reserve’s Balance Sheet $8.109 Trillion -.76%
- Federal Reserve’s Discount Window Usage $1.831 Billion -14.1%
- U.S. Sovereign Debt Credit Default Swap 45.8 +15.9%
- Illinois Municipal Debt Credit Default Swap 189.6 +6.8%
- Italian/German 10Y Yld Spread 171.0 +8.0 basis points
- UK Sovereign Debt Credit Default Swap 29.1 +1.2%
- China Sovereign Debt Credit Default Swap 84.69 +35.9%
- Brazil Sovereign Debt Credit Default Swap 189.9 +10.5%
- Israel Sovereign Debt Credit Default Swap 55.8 -.50%
- South Korea Sovereign Debt Credit Default Swap 34.69 +20.1%
- China Corp. High-Yield Bond USD ETF(KHYB) 24.7 -2.35%
- China High-Yield Real Estate Total Return Index 74.01 -4.2%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +6.0% unch.
- Zillow US All Homes Rent Index YoY +3.6% -.5 percentage point
- 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 +4.2% unch.: CPI YoY +3.8% unch.
- 10-Year TIPS Spread 2.32% -5.0 basis points
- TED Spread 20.75 -.25 basis point
- 2-Year SOFR Swap Spread -11.25 -.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -12.25 -1.5 basis points
- N. America Investment Grade Credit Default Swap Index 70.89 +7.2%
- America Energy Sector High-Yield Credit Default Swap Index 192.0 +1.24%
- Bloomberg TRACE # Distressed Bonds Traded 367.0 +14.0
- European Financial Sector Credit Default Swap Index 88.19 +8.5%
- Deutsche Bank Subordinated 5Y Credit Default Swap 244.7 -1.7%
- Emerging Markets Credit Default Swap Index 222.19 +10.1%
- MBS 5/10 Treasury Spread 181.0 +7.0 basis points
- Bloomberg CMBS Investment Grade Bbb Average OAS 745.0 -1.0 basis point
- Avg. Auto ABS OAS .69 +1.0 basis point
- M2 Money Supply YoY % Change -3.6% unch.
- Commercial Paper Outstanding 1,166.3 -.5%
- 4-Week Moving Average of Jobless Claims 234,250 +1.2%
- Continuing Claims Unemployment Rate 1.2% +10.0 basis points
- Kastle Back-to-Work Barometer(entries in secured buildings) 47.3 -2.7%
- Average 30-Year Fixed Home Mortgage Rate 7.60% +14.0 basis points
- Weekly Mortgage Applications 193,000 -.77%
- Weekly Retail Sales +.5% +70.0 basis points
- OpenTable US Seated Diners % Change YoY -4.0% unch.
- Box Office Weekly Gross YoY $95.6M -18.0%
- Nationwide Gas $3.87/gallon +.03/gallon
- Baltic Dry Index 1,247.0 +10.5%
- China (Export) Containerized Freight Index 889.5 +1.7%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.5 -8.3%
- Truckstop.com Market Demand Index 36.5 -7.3%
- Rail Freight Carloads 248,086 -.66%
- TSA Total Traveler Throughput 2,591,257 +11.6%
Best Performing Style
Worst Performing Style
Leading Sectors
- Pharma -.24%
- Insurance -.82%
Lagging Sectors
Weekly High-Volume Stock Gainers (7)
- DLB, BILL, BLMN, ROST, LYTS, MRCY and GNRC
Weekly High-Volume Stock Losers (12)
- EL, WOLF, BZH, DE, JD, HSAI, BILI, DOLE, VIPS, ATAT, EH and KEYS
ETFs
Stocks
*5-Day Change