S&P 500 4,327.8 +.45% |
Weekly Market Wrap by Edward Jones.
Indices
- Russell 2000 1,719.71 -1.5%
- NYSE FANG+ 7,584.3 -.6%
- Roundhill Meme Stock ETF 30.62 -2.8%
- Goldman 50 Most Shorted 125.8 -3.8%
- Wilshire 5000 42,973.3 +1.44%
- Russell 1000 Growth 2,740.89 +.28%
- Russell 1000 Value 1,480.22 +.43%
- S&P 500 Consumer Staples 705.78 +.18%
- MSCI Cyclicals-Defensives Spread 1,271.97 +.98%
- NYSE Technology 3,680.3 +2.2%
- Transports 14,699.4 -.73%
- Bloomberg European Bank/Financial Services 86.27 +.13%
- MSCI Emerging Markets 38.0 +.19%
- Credit Suisse AllHedge Long/Short Equity Index 190.70 -.15%
- Credit Suisse AllHedge Equity Market Neutral Index 103.79 +.71%
Sentiment/Internals
- NYSE Cumulative A/D Line 452,130 +.39%
- Nasdaq/NYSE Volume Ratio 8.0 +6.7%
- Bloomberg New Highs-Lows Index -512 +178
- Crude Oil Commercial Bullish % Net Position -39.7 +1.2%
- CFTC Oil Net Speculative Position 449,560 -.14%
- CFTC Oil Total Open Interest 1,787,495 +2.1%
- Total Put/Call 1.05 +6.1%
- ISE Sentiment 119.0 +20.0 points
- NYSE Arms .83 -9.4%
- Bloomberg Global Risk-On/Risk-Off Index 69.1 -3.8%
- Bloomberg US Financial Conditions Index -.02 -15.0 basis points
- Bloomberg European Financial Conditions Index -.07 +6.0 basis points
- Volatility(VIX) 19.3 +9.3%
- DJIA Intraday % Swing 1.21% -50.0%
- CBOE S&P 500 3M Implied Correlation Index 26.4+1.1%
- G7 Currency Volatility (VXY) 8.1 +.1%
- Emerging Markets Currency Volatility (EM-VXY) 8.5 -3.5%
- Smart Money Flow Index 12,401.9 +5.2%
- NAAIM Exposure Index 45.8 +9.6
- ICI Money Mkt Mutual Fund Assets $5.706 Trillion -.03%
- ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$1.549 Million
Futures Spot Prices
- Crude Oil 87.6/bbl. +5.7%
- Reformulated Gasoline 226.0 +3.11%
- Natural Gas 3.22 -3.5%
- Dutch TTF Nat Gas(European benchmark) 53.98 euros/megawatt-hour +42.1%
- Heating Oil 320.80 +10.4%
- Newcastle Coal 147.5 (1,000/metric ton) +6.2%
- Gold 1,928.2 +5.2%
- Silver 22.69 +5.1%
- S&P GSCI Industrial Metals Index 400.8 -1.0%
- US No. 1 Heavy Melt Scrap Steel 367.0 USD/Metric Tonne -.54%
- China Iron Ore Spot 114.5 USD/Metric Tonne +1.7
%
- UBS-Bloomberg Agriculture 1,580.7 +1.15%
- US Gulf NOLA Potash Spot 347.5 USD/Short Ton unch.
Economy
- Atlanta Fed GDPNow 2Q Forecast +5.15% +29.0 basis points
- NY Fed Real-Time Weekly Economic Index 2.14 +28.1%
- US Economic Policy Uncertainty Index 257.29 +183.3%
- S&P 500 Current Quarter EPS Growth Rate YoY(32 of 500 reporting) +14.3% +10.9 percentage points
- S&P
500 Blended Forward 12 Months Mean EPS Estimate 239.98 -.03: Growth
Rate +9.2% unch., P/E 18.1 +.4 - S&P 500 Current Year Estimated Profit Margin 12.18% -2.0 basis points
- NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) n/a
- NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 267.10 +1.77: Growth Rate +57.6% -2.4 percentage points, P/E 28.5 +.4
- Citi US Economic Surprise Index 51.2 -8.5 points
- Citi Eurozone Economic Surprise Index -42.5 +.8 point
- Citi Emerging Markets Economic Surprise Index 18.4 +2.9 points
- Fed
Fund Futures imply 0.0%(-0.0 percentage points) chance of -25.0 basis
point cut to 5.0-5.25%, 89.1%(+16.2 percentage points) chance of no
change, 10.9%(-16.2 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 11/1
- US Dollar Index 106.65 +.5%
- MSCI Emerging Markets Currency Index 1,671.1 +.59%
- Bitcoin/USD 26,746.2 -4.1%
- Euro/Yen Carry Return Index 167.4 -.51%
- Yield Curve(2s/10s) -43.0 -11.75 basis points
- 10-Year US Treasury Yield 4.62% -15.0 basis points
- Federal Reserve’s Balance Sheet $7.916 Trillion -.04%
- Federal Reserve’s Discount Window Usage $2.626 Billion -24.8%
- U.S. Sovereign Debt Credit Default Swap 47.3 +5.3%
- Illinois Municipal Debt Credit Default Swap 207.60 +1.49%
- Italian/German 10Y Yld Spread 204.0 +1.0 basis point
- UK Sovereign Debt Credit Default Swap 31.88 -.42%
- China Sovereign Debt Credit Default Swap 82.86 -6.6%
- Brazil Sovereign Debt Credit Default Swap 184.96 -3.9%
- Israel Sovereign Debt Credit Default Swap 123.68 +109.3%
- South Korea Sovereign Debt Credit Default Swap 37.69 -2.1%
- China Corp. High-Yield Bond USD ETF(KHYB) 24.8 +.51%
- China High-Yield Real Estate Total Return Index 73.9 -1.7%
- Atlanta Fed Low Skill Wage Growth Tracker YoY +6.0% +10.0 basis points
- Zillow US All Homes Rent Index YoY +3.2% -10.0 basis points
- US Urban Consumers Food CPI YoY +3.7% -60.0 basis points
- CPI Core Services Ex-Shelter YoY +3.7% -40.0 basis points
- Cleveland Fed Inflation Nowcast Core PCE YoY +3.70% -3.0 basis points: CPI YoY +3.42% -27.0 basis points
- 10-Year TIPS Spread 2.34% +3.0 basis points
- TED Spread 17.5 +.75 basis point
- 2-Year SOFR Swap Spread -11.0 -1.5 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -28.25 unch.
- N. America Investment Grade Credit Default Swap Index 76.72 +.8%
- America Energy Sector High-Yield Credit Default Swap Index 195.0 -4.8%
- Bloomberg TRACE # Distressed Bonds Traded 356.0 -27.0
- European Financial Sector Credit Default Swap Index 96.91 -3.4%
- Deutsche Bank Subordinated 5Y Credit Default Swap 300.95 -8.4%
- Emerging Markets Credit Default Swap Index 236.81 +1.6%
- MBS 5/10 Treasury Spread 185.0 +8.0 basis points
- Bloomberg CMBS Investment Grade Bbb Average OAS 912.0 +2.0 basis points
- Avg. Auto ABS OAS .85 +1.0 basis point
- M2 Money Supply YoY % Change -3.7% unch.
- Commercial Paper Outstanding 1,209.6 +.7%
- 4-Week Moving Average of Jobless Claims 209,250 +.2%
- Continuing Claims Unemployment Rate 1.1% unch.
- Kastle Back-to-Work Barometer(entries in secured buildings) 50.1 +.8%
- Average 30-Year Fixed Home Mortgage Rate 7.80% -6.0 basis points
- Weekly Mortgage Applications 179,300 +.62%
- Weekly Retail Sales +4.0% +10.0 basis points
- OpenTable US Seated Diners % Change YoY -5.0% -3.0 percentage points
- Box Office Weekly Gross $107.5M +28.4%
- Nationwide Gas $3.63/gallon -.12/gallon
- Baltic Dry Index 1,935.0 +.31%
- China (Export) Containerized Freight Index 819.97 -3.75%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.5 +22.2%
- Truckstop.com Market Demand Index 42.9 -3.3%
- Rail Freight Carloads 265,449 +.49%
- TSA Total Traveler Throughput 2,695,875 +21.0%
Best Performing Style
Worst Performing Style
Leading Sectors
- Oil Service +7.1%
- Energy +6.3%
Lagging Sectors
Weekly High-Volume Stock Gainers (10)
- RVMD, VSAT, DG, PGR, CHEF, AVAV, DRS, OFIX, PXD and WFC
Weekly High-Volume Stock Losers (19)
- PNC, GPRE, EVRI, AMLX, HRL, BIP, PERI, MEOH, NVT, MBLY, INMD, IDYA, STRL, WCC, SAVA, TARS, BDC, HRMY and SGH
ETFs
Stocks
*5-Day Change