S&P 500 4,338.1 -.74%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

  • Russell 2000 1,785.10 +.48%
  • NYSE FANG+ 7,369.9 +.49% 
  • Roundhill Meme Stock ETF 32.07 +1.89%
  • Goldman 50 Most Shorted 139.05 +2.1%
  • Wilshire 5000 42,788.59 -.54%
  • Russell 1000 Growth 2,678.44 -.28%
  • Russell 1000 Value 1,497.60 -.97%
  • S&P 500 Consumer Staples 727.36 -2.1%
  • MSCI Cyclicals-Defensives Spread 1,220.4 +1.08%
  • NYSE Technology 3,600.92 +.89%
  • Transports 14,968.77 -.13%
  • Bloomberg European Bank/Financial Services 87.04 +.54%
  • MSCI Emerging Markets 38.12 -.79%
  • Credit Suisse AllHedge Long/Short Equity Index 191.67 +.04%


  • Credit Suisse AllHedge Equity Market Neutral Index 103.65 -.13%

Sentiment/Internals

  • NYSE Cumulative A/D Line 455,679 -.48%
  • Nasdaq/NYSE Volume Ratio 10.2 +4.1%
  • Bloomberg New Highs-Lows Index -585 +350
  • Crude Oil Commercial Bullish % Net Position -37.7 -5.3%

  • CFTC Oil Net Speculative Position 328,426 +.48%

  • CFTC Oil Total Open Interest 1,692,990 -5.5%
  • Total Put/Call 1.0 -13.9%
  • ISE Sentiment 98.0 +6.0 points
  • NYSE Arms 1.21 +7.8%
  • Bloomberg Global Risk-On/Risk-Off Index 71.6 -.83%
  • Bloomberg US Financial Conditions Index .06 -23.0 basis points
  • Bloomberg European Financial Conditions Index -73.0 -79.0 basis points
  • Volatility(VIX) 17.4 -2.2%
  • DJIA Intraday % Swing 1.30% +51.4%
  • CBOE S&P 500 3M Implied Correlation Index 26.7 -.42%
  • G7 Currency Volatility (VXY) 8.1 +4.4%
  • Emerging Markets Currency Volatility (EM-VXY) 8.6 +4.7%
  • Smart Money Flow Index 11,764.4 -3.0%
  • NAAIM Exposure Index  43.0 -14.3
  • ICI Money Mkt Mutual Fund Assets $5.644 Trillion +.11%

  • ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$10.119 Million

Futures Spot Prices

  • Crude Oil 90.57/bbl. +1.2%
  • Reformulated Gasoline 243.57 -4.5%
  • Natural Gas 2.96 +11.3%
  • Dutch TTF Nat Gas(European benchmark) 41.9 euros/megawatt-hour +4.2%
  • Heating Oil 336.5 +1.5% 
  • Newcastle Coal 161.3 (1,000/metric ton) +1.9%
  • Gold 1,847.9 -3.9%
  • Silver 22.15 -5.4%
  • S&P GSCI Industrial Metals Index 414.57 +.46%
  • US No. 1 Heavy Melt Scrap Steel 375.0 USD/Metric Tonne unch.


  • China Iron Ore Spot 120.6 USD/Metric Tonne +3.9%
  • UBS-Bloomberg Agriculture 1,550.95 -1.8%
  • US Gulf NOLA Potash Spot 342.5 USD/Short Ton +3.0%

Economy

  • Atlanta Fed GDPNow 2Q Forecast +4.92% +6.0 basis points

  • NY Fed Real-Time Weekly Economic Index 1.86 -11.9%
  • US Economic Policy Uncertainty Index 106.5 +97.3%
  • S&P 500 Current Quarter EPS Growth Rate YoY(16 of 500 reporting) +1.5% -8.0 percentage points
  • S&P
    500 Blended Forward 12 Months Mean EPS Estimate 239.50 -.05:  Growth
    Rate +9.0% unch., P/E 18.0 -.1
  • S&P 500 Current Year Estimated Profit Margin 12.14% +1.0 basis point
  • NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a
  • NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 263.91 +n/a: Growth Rate +59.2% +n/a, P/E 27.8 -.1
  • Citi US Economic Surprise Index 45.1 -9.8 points
  • Citi Eurozone Economic Surprise Index -54.0 -1.0 point
  • Citi Emerging Markets Economic Surprise Index 11.9 +.3 point

  • Fed
    Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis
    point cut to 5.0-5.25%, 82.7%(+2.0 percentage points) chance of no
    change, 17.3%(-2.0 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 11/1
  • US Dollar Index 106.19 +.55%
  • MSCI Emerging Markets Currency Index 1,665.31 -.53%
  • Bitcoin/USD 26,838.2 +1.4%
  • Euro/Yen Carry Return Index 167.95 +.02%
  • Yield Curve(2s/10s) -48.5 +19.0 basis points
  • 10-Year US Treasury Yield 4.56% +13.0 basis points
  • Federal Reserve’s Balance Sheet $7.966 Trillion -.27% 
  • Federal Reserve’s Discount Window Usage $3.250 Billion +2.1%
  • U.S. Sovereign Debt Credit Default Swap 47.57 -3.2%
  • Illinois Municipal Debt Credit Default Swap 204.54 +2.98%
  • Italian/German 10Y Yld Spread 194.0 +8.0 basis points
  • UK Sovereign Debt Credit Default Swap 30.1 +1.98%
  • China Sovereign Debt Credit Default Swap 82.3 +3.2%
  • Brazil Sovereign Debt Credit Default Swap 186.11 +1.7%
  • Israel Sovereign Debt Credit Default Swap 55.57 +14.2%
  • South Korea Sovereign Debt Credit Default Swap 33.66 +1.2%
  • China Corp. High-Yield Bond USD ETF(KHYB) 24.8 -.9%
  • China High-Yield Real Estate Total Return Index 77.41 -6.4%
  • Atlanta Fed Low Skill Wage Growth Tracker YoY +5.9% unch.
  • Zillow US All Homes Rent Index YoY +3.3% unch.
  • US Urban Consumers Food CPI YoY +4.3% unch.
  • CPI Core Services Ex-Shelter YoY +4.1% unch.
  • Cleveland Fed Inflation Nowcast Core PCE YoY +3.73% -22.0 basis points: CPI YoY +3.69% unch.
  • 10-Year TIPS Spread 2.34% -3.0 basis points
  • TED Spread 21.0 +2.0 basis points
  • 2-Year SOFR Swap Spread -7.5 +2.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -35.5 -24.75 basis points
  • N. America Investment Grade Credit Default Swap Index 73.3 +.99%
  • America Energy Sector High-Yield Credit Default Swap Index 185.0 +.34
  • Bloomberg TRACE # Distressed Bonds Traded 342.0 +24.0
  • European Financial Sector Credit Default Swap Index 91.34 +3.7%
  • Deutsche Bank Subordinated 5Y Credit Default Swap 302.57 +3.1%
  • Emerging Markets Credit Default Swap Index 224.78 +5.0%
  • MBS 5/10 Treasury Spread 172.0 +5.0 basis points
  • Bloomberg CMBS Investment Grade Bbb Average OAS 907.0 +1.0 basis point
  • Avg. Auto ABS OAS .79 unch.

  • M2 Money Supply YoY % Change -3.7% unch.
  • Commercial Paper Outstanding 1,194.9 +.9%
  • 4-Week Moving Average of Jobless Claims 211,000 -2.9%
  • Continuing Claims Unemployment Rate 1.1% unch.
  • Kastle Back-to-Work Barometer(entries in secured buildings) 50.4 +.18%
  • Average 30-Year Fixed Home Mortgage Rate 7.77% +2.0 basis points
  • Weekly Mortgage Applications 189,600 -1.3%
  • Weekly Retail Sales +4.0% -10.0 basis points
  • OpenTable US Seated Diners % Change YoY -5.0% +2.0 percentage points
  • Box Office Weekly Gross $107.2M -22.1%
  • Nationwide Gas $3.83/gallon -.03/gallon
  • Baltic Dry Index 1,716.0 +7.7%
  • China (Export) Containerized Freight Index 851.96 -2.7%
  • Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 27.5 unch.
  • Truckstop.com Market Demand Index 40.6 -6.0%

  • Rail Freight Carloads 258,419 +5.3%
  • TSA Total Traveler Throughput 2,594,802 +25.7%

Best Performing Style

Worst Performing Style

Leading Sectors

  • Regional Banks +2.2%
  • Semis +1.8%

Lagging Sectors

Weekly High-Volume Stock Gainers (10)

  • GPCR, NKE, CCCS, WBA, DUOL, KSS, PLNT, EAT, BMBL and TRMB

Weekly High-Volume Stock Losers (8)

  • BEPC, NEP, MDGL, NAPA, MTN, CCL, SNDX and CORT

ETFs

Stocks

*5-Day Change



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