S&P 500 4,453.4 -.08% |
Weekly Market Wrap by Edward Jones.
Indices
- Russell 2000 1,846.4 -.29%
- NYSE FANG+ 7,714.4 -1.1%
- Roundhill Meme Stock ETF 35.1 +1.66%
- Goldman 50 Most Shorted 146.1 -1.1%
- Wilshire 5000 44,358.9 -.21%
- Russell 1000 Growth 2,782.95 -.72%
- Russell 1000 Value 1,553.73 +.56%
- S&P 500 Consumer Staples 757.79 +.77%
- MSCI Cyclicals-Defensives Spread 1,243.0 -.26%
- NYSE Technology 3,733.95 -1.95%
- Transports 15,300.5 +.83%
- Bloomberg European Bank/Financial Services 86.27 +4.0%
- MSCI Emerging Markets 39.2 +1.1%
- Credit Suisse AllHedge Long/Short Equity Index 193.24 +.39%
- Credit Suisse AllHedge Equity Market Neutral Index 103.3 +.30%
Sentiment/Internals
- NYSE Cumulative A/D Line 464,234 +.44%
- Nasdaq/NYSE Volume Ratio 7.2 -25.8%
- Bloomberg New Highs-Lows Index -82 +338
- Crude Oil Commercial Bullish % Net Position -29.2 unch.
- CFTC Oil Net Speculative Position 299,322 +24.3%
- CFTC Oil Total Open Interest 1,703,130 +2.7%
- Total Put/Call .98 -12.2%
- ISE Sentiment 97.0 -16.0 points
- NYSE Arms .97 +5.7%
- Bloomberg Global Risk-On/Risk-Off Index 72.9 +3.3%
- Bloomberg US Financial Conditions Index .51 +6.0 basis points
- Bloomberg European Financial Conditions Index .47 +101.0 basis points
- Volatility(VIX) 13.8 +.4%
- DJIA Intraday % Swing .95% +111.1%
- CBOE S&P 500 3M Implied Correlation Index 20.1 +3.1%
- G7 Currency Volatility (VXY) 8.0 -.9%
- Emerging Markets Currency Volatility (EM-VXY) 8.47 -3.0%
- Smart Money Flow Index 12,265.4 +.21%
- NAAIM Exposure Index 58.0 +8.3
- ICI Money Mkt Mutual Fund Assets $5.643 Trillion +.31%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$4.389 Million
Futures Spot Prices
- Crude Oil 91.01/bbl. +4.4%
- Reformulated Gasoline 271.1 +2.3%
- Natural Gas 2.65 +.99%
- Dutch TTF Nat Gas(European benchmark) 36.5 euros/megawatt-hour +5.6%
- Heating Oil 338.7 +3.0%
- Newcastle Coal 165.0 (1,000/metric ton) +2.7%
- Gold 1,924.4 +.25%
- Silver 23.07 +.61%
- S&P GSCI Industrial Metals Index 418.23 +2.3%
- US No. 1 Heavy Melt Scrap Steel 378.0 USD/Metric Tonne +1.34%
- China Iron Ore Spot 121.2 USD/Metric Tonne +2.63
%
- UBS-Bloomberg Agriculture 1,610.12 +.51%
- US Gulf NOLA Potash Spot 332.5 USD/Short Ton unch.
Economy
- Atlanta Fed GDPNow 2Q Forecast +4.94% -64.0 basis points
- NY Fed Real-Time Weekly Economic Index 1.88 +15.3%
- US Economic Policy Uncertainty Index 54.8 -11.3%
- S&P 500 Current Quarter EPS Growth Rate YoY(3 of 500 reporting) +7.2% n/a
- S&P
500 Blended Forward 12 Months Mean EPS Estimate 239.0 +.55: Growth
Rate +8.7% +.2 percentage point, P/E 18.9 +.2 - S&P 500 Current Year Estimated Profit Margin 12.14% unch.
- NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a
- NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 247.29 +1.55: Growth Rate +49.1% +.9 percentage point, P/E 31.8 +.2
- Citi US Economic Surprise Index 64.8 +3.4 points
- Citi Eurozone Economic Surprise Index -68.9 -5.2 points
- Citi Emerging Markets Economic Surprise Index 15.2 +9.1 points
- Fed
Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis
point cut to 5.0-5.25%, 97.0%(+5.0 percentage points) chance of no
change, 3.0%(-5.0 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 9/20
- US Dollar Index 105.31 +.24%
- MSCI Emerging Markets Currency Index 1,678.1 +.7%
- Bitcoin/USD 26,363.4 +2.1%
- Euro/Yen Carry Return Index 167.45 -.2%
- Yield Curve(2s/10s) -71.5 +1.75 basis points
- 10-Year US Treasury Yield 4.32% +7.0 basis points
- Federal Reserve’s Balance Sheet $8.063 Trillion -.03%
- Federal Reserve’s Discount Window Usage $2.179 Billion +6.3%
- U.S. Sovereign Debt Credit Default Swap 48.1 -2.5%
- Illinois Municipal Debt Credit Default Swap 189.25 -2.9%
- Italian/German 10Y Yld Spread 179.0 +5.0 basis points
- UK Sovereign Debt Credit Default Swap 27.18 -2.6%
- China Sovereign Debt Credit Default Swap 69.95 -3.3%
- Brazil Sovereign Debt Credit Default Swap 166.06 -2.9%
- Israel Sovereign Debt Credit Default Swap 47.7 -8.9%
- South Korea Sovereign Debt Credit Default Swap 29.5 -3.1%
- China Corp. High-Yield Bond USD ETF(KHYB) 25.0 +.12%
- China High-Yield Real Estate Total Return Index 87.77 +1.42%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% unch.
- Zillow US All Homes Rent Index YoY +3.3% -30.0 basis points
- US Urban Consumers Food CPI YoY +4.3% -60.0 basis points
- CPI Core Services Ex-Shelter YoY +4.1% +10.0 basis points
- Cleveland Fed Inflation Nowcast Core PCE YoY +4.0% unch.: CPI YoY +3.7% -10.0 basis points
- 10-Year TIPS Spread 2.35% +2.0 basis points
- TED Spread 22.5 +.75 basis point
- 2-Year SOFR Swap Spread -10.25 +.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -10.25 +1.0 basis point
- N. America Investment Grade Credit Default Swap Index 63.16 -1.7%
- America Energy Sector High-Yield Credit Default Swap Index 170.0 -5.8%
- Bloomberg TRACE # Distressed Bonds Traded 362.0 +16.0
- European Financial Sector Credit Default Swap Index 79.46 -3.6%
- Deutsche Bank Subordinated 5Y Credit Default Swap 262.48 -3.1%
- Emerging Markets Credit Default Swap Index 203.81 +.87%
- MBS 5/10 Treasury Spread 167.0 unch.
- Bloomberg CMBS Investment Grade Bbb Average OAS 922.0 +116.0 basis points
- Avg. Auto ABS OAS .78 +4.0 basis points
- M2 Money Supply YoY % Change -3.7% unch.
- Commercial Paper Outstanding 1,160.8 +.1%
- 4-Week Moving Average of Jobless Claims 224,500 -2.2%
- Continuing Claims Unemployment Rate 1.1% unch.
- Kastle Back-to-Work Barometer(entries in secured buildings) 47.0 -.55%
- Average 30-Year Fixed Home Mortgage Rate 7.51% -4.0 basis points
- Weekly Mortgage Applications 1832,200 -.8%
- Weekly Retail Sales +4.3% +20.0 basis points
- OpenTable US Seated Diners % Change YoY -6.0% -1.0 percentage point
- Box Office Weekly Gross YoY $67.6M -14.5%
- Nationwide Gas $3.87/gallon +.06/gallon
- Baltic Dry Index 1,340.0 +13.0%
- China (Export) Containerized Freight Index 875.2 -1.7%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.5 unch.
- Truckstop.com Market Demand Index 41.3 +5.3%
- Rail Freight Carloads 229,244 -6.7%
- TSA Total Traveler Throughput 2,584,180 +30.2%
Best Performing Style
Worst Performing Style
Leading Sectors
- Utilities +2.9%
- Banks +2.5%
Lagging Sectors
Weekly High-Volume Stock Gainers (6)
- OLMA, OWL, USFD, IBTX, XPRO and MODV
Weekly High-Volume Stock Losers (17)
- VTLE, CNM, TTMI, ASML, DNB, DXCM, LOW, CHWY, IOT, ADBE, NUE, KLAC, COCO, MITK, KMPR, PLNT and PTCT
ETFs
Stocks
*5-Day Change