S&P 500 4,517.1 +2.3%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • Russell 2000 1,797.2 +5.3%
  • NYSE FANG+ 8,200.9 +2.4% 
  • Roundhill Meme Stock ETF 32.3 +7.9%
  • Goldman 50 Most Shorted 129.6 +8.4%
  • Wilshire 5000 44,778.2 +2.5%
  • Russell 1000 Growth 2,900.0 +2.1%
  • Russell 1000 Value 1,518.9 +2.7%
  • S&P 500 Consumer Staples 732.54 +.7%
  • MSCI Cyclicals-Defensives Spread 1,324.60 +1.3%
  • NYSE Technology 3,979.4 +2.9%
  • Transports 14,909.0 +3.4%
  • Bloomberg European Bank/Financial Services 86.78 +4.0%
  • MSCI Emerging Markets 39.3 +2.5%
  • Credit Suisse AllHedge Long/Short Equity Index 186.14 -.56%


  • Credit Suisse AllHedge Equity Market Neutral Index 105.8 +.39%

Sentiment/Internals

  • NYSE Cumulative A/D Line 454,221 +1.16%
  • Nasdaq/NYSE Volume Ratio 7.6-14.5%
  • Bloomberg New Highs-Lows Index -81 +301
  • Crude Oil Commercial Bullish % Net Position -34.4 unch.

  • CFTC Oil Net Speculative Position 235,970 -10.0%

  • CFTC Oil Total Open Interest 1,688,562 +1.0%
  • Total Put/Call .84 -17.3%
  • OEX Put/Call 1.36 -13.24%
  • ISE Sentiment 139.0 +28.0 points
  • NYSE Arms 1.03 -2.9%
  • Bloomberg Global Risk-On/Risk-Off Index 65.4 -.6%
  • Bloomberg US Financial Conditions Index .28 +12.0 basis points
  • Bloomberg European Financial Conditions Index .21 -3.0 basis points
  • Volatility(VIX) 13.8 -2.8%
  • DJIA Intraday % Swing .42% -65.2%
  • CBOE S&P 500 3M Implied Correlation Index 19.4 -13.4%
  • G7 Currency Volatility (VXY) 7.25 -4.0%
  • Emerging Markets Currency Volatility (EM-VXY) 7.74 +.13%
  • Smart Money Flow Index 12,989.8 +2.6%
  • NAAIM Exposure Index  72.1 +10.3
  • ICI Money Mkt Mutual Fund Assets $5.734 Trillion +.38%

  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$7.161 Million

Futures Spot Prices

  • Crude Oil 75.85/bbl. -2.0%
  • Reformulated Gasoline 218.17 -.15%
  • Natural Gas 2.96 -3.2%
  • Dutch TTF Nat Gas(European benchmark) 45.1 euros/megawatt-hour -3.4%
  • Heating Oil 277.40 +1.9% 
  • Newcastle Coal 125.5 (1,000/metric ton) -3.5%
  • Gold 1,980.46 +2.2%
  • Silver 23.74 +6.8%
  • S&P GSCI Industrial Metals Index 407.07 +1.2%
  • US No. 1 Heavy Melt Scrap Steel 383.0 USD/Metric Tonne +.52%


  • China Iron Ore Spot 128.95 USD/Metric Tonne +.7%
  • UBS-Bloomberg Agriculture 1,589.40 +.01%
  • US Gulf NOLA Potash Spot 337.50 USD/Short Ton -.74%

Economy

  • Atlanta Fed GDPNow 3Q Forecast +1.97% +.09 percentage point

  • NY Fed Real-Time Weekly Economic Index 2.4 +22.4%
  • US Economic Policy Uncertainty Index 94.0 +71.4%
  • S&P 500 Current Quarter EPS Growth Rate YoY(471 of 500 reporting) +2.6% -.2 percentage point
  • S&P
    500 Blended Forward 12 Months Mean EPS Estimate 240.92 +1.06:  Growth
    Rate +9.1% +.5 percentage point, P/E 18.7 +.6
  • S&P 500 Current Year Estimated Profit Margin 12.15% +3.0 basis points
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +38.4% unch.
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 276.62 +1.61: Growth Rate +63.2% +1.0 percentage point, P/E 29.6 +.8
  • Citi US Economic Surprise Index 37.40 -13.8 points
  • Citi Eurozone Economic Surprise Index -39.0 +8.9 points
  • Citi Emerging Markets Economic Surprise Index 22.4 -1.9 points

  • Fed
    Fund Futures imply .00%(-0.0 percentage point) chance of -25.0 basis
    point cut to 5.0-5.25%, 100.0%(+9.1 percentage points) chance of no
    change, 0.0%(-9.1 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 12/13
  • US Dollar Index 103.94 -1.8%
  • MSCI Emerging Markets Currency Index 1,701.2 +.96%
  • Bitcoin/USD 36,410.9 -1.9%
  • Euro/Yen Carry Return Index 174.50 +.86%
  • Yield Curve(2s/10s) -47.0 -3.25 basis points
  • 10-Year US Treasury Yield 4.44% -19.0 basis points
  • Federal Reserve’s Balance Sheet $7.779 Trillion -.59% 
  • Federal Reserve’s Discount Window Usage $2.241 Billion -5.5%
  • U.S. Sovereign Debt Credit Default Swap 56.34 -6.4%
  • Illinois Municipal Debt Credit Default Swap 193.43 -3.6%
  • Italian/German 10Y Yld Spread 177.0 -9.0 basis points
  • UK Sovereign Debt Credit Default Swap 32.1 -2.6%
  • China Sovereign Debt Credit Default Swap 64.11 -11.0%
  • Brazil Sovereign Debt Credit Default Swap 152.78 -7.5%
  • Israel Sovereign Debt Credit Default Swap 127.41 +4.2%
  • South Korea Sovereign Debt Credit Default Swap 33.17 -6.3%
  • China Corp. High-Yield Bond USD ETF(KHYB) 25.26 +1.6%
  • China High-Yield Real Estate Total Return Index 72.7 +2.1%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% unch.
  • Zillow US All Homes Rent Index YoY +3.2% unch.
  • US Urban Consumers Food CPI YoY +3.3% -40.0 basis points
  • CPI Core Services Ex-Shelter YoY +3.9% +20.0 basis points
  • Cleveland Fed Inflation Nowcast Core PCE YoY +3.55% -8.0 basis points: CPI YoY +3.10% -18.0 basis points
  • 10-Year TIPS Spread 2.29% -5.0 basis points
  • TED Spread 24.5 +1.25 basis points
  • 2-Year SOFR Swap Spread -18.75 -1.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -14.5 +3.0 basis points
  • N. America Investment Grade Credit Default Swap Index 64.34 -6.1%
  • America Energy Sector High-Yield Credit Default Swap Index 177.0 -.02
  • Bloomberg TRACE # Distressed Bonds Traded 344.0 -6.0
  • European Financial Sector Credit Default Swap Index 81.3 -6.8%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 251.40 -7.7%
  • Emerging Markets Credit Default Swap Index 193.55 -8.6%
  • MBS 5/10 Treasury Spread 157.0 -13.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 943.0 +33.0 basis points
  • Avg. Auto ABS OAS .96 -2.0 basis points

  • M2 Money Supply YoY % Change -3.6% unch.
  • Commercial Paper Outstanding 1,243.0 +.2%
  • 4-Week Moving Average of Jobless Claims 220,250 +3.7%
  • Continuing Claims Unemployment Rate 1.3% +10.0 basis points
  • Kastle Back-to-Work Barometer(entries in secured buildings) 50.5 +1.9%
  • Average 30-Year Fixed Home Mortgage Rate 7.69% -18.0 basis points
  • Weekly Mortgage Applications 170,500 +2.8%
  • Weekly Retail Sales +3.0% -10.0 basis points
  • OpenTable US Seated Diners % Change YoY -5.0% -2.0 percentage points
  • Box Office Weekly Gross $98.3M -18.1%
  • Nationwide Gas $3.33/gallon -.11/gallon
  • Baltic Dry Index 1,758.0 +7.0%
  • China (Export) Containerized Freight Index 872.11 +3.4%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.50 unch.
  • Truckstop.com Market Demand Index 36.3 -8.0%

  • Rail Freight Carloads 263,603 +1.3%
  • TSA Total Traveler Throughput 2,540,842 +25.5%

Best Performing Style

Worst Performing Style

Leading Sectors

  • Airlines +9.4%
  • Alt Energy +8.1%

Lagging Sectors

Weekly High-Volume Stock Gainers (50)

  • GPS,
    TWST, SAVE, ICVX, CRSP, BMEA, ARCT, AMRC, THC, SGML, GLOB, QFIN, BEAM,
    BKE, ROST, MANU, AMCX, SATS, M, NTLA, TH, ANF, MEG, CUBI, SWTX, DAVA,
    WSM, ACLX, EXPE, BMA, BURL, NTES, DAR, LPG, DAKT, LI, SU, SDRL, VNOM,
    TRMD, ODD, ABCM, BILL, CARS, LSPD, CNHI and APA

Weekly High-Volume Stock Losers (11)

  • CMP, RILY, NAPA, BJ, AMAT, AAP, DLB, HAE, AMSWA, BZH and SPB

ETFs

Stocks

*5-Day Change



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