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



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