WEEKEND UPDATE JULY 15 2023 - BETTER THAN EXPECTED CPI AND PPI

16 lug 2023

Macro

2/10 YR CURVE - Inverted = -.91 (Down from -.88 last week)
HIGH YIELD SPREADS = 3.97 (Down from 4.10 last week)
US ISM PMI - Contracting Faster = 46.00 down from 46.90%
US ISM SERVICES - Growing Faster = 53.90% up from 50.30%


S&P 500 ( SPY ) - Investable
Nasdaq100 ( QQQ ) - Investable
Russell2000 ( IWM ) - Investable
Gold ( GLD ) - Investable(Pullback)
US 30yr Treasury Bonds ( TLT ) - Not Investable
US Dollar ( UUP ) - Not Investable
US Real Estate ( IYR ) - Investable
European Equities ( VGK ) - Investable
India ( INDA ) - Investable
Broad Asia Equities ( VPL ) - Investable(Pullback)
China A-Shares ( ASHR ) - Counter Trend Rally
Emerging Markets ( EEM ) - Investable
Wheat Futures (ZW) - Not Investable
Corn Futures ( ZC ) - Not Investable
Soybean Futures (ZS) - Not Investable(Pullback)
Silver ( SLV ) - Investable(Pullback)
Natural Gas Futures ( NG ) - Counter Trend Rally

Volatility Levels

S&P 500 - 13.34 - Investable Market (Down from 14.83)
Nasdaq100 - 19.65 - Investable Market(Down from 20.60)
Russell2000 - 19.45 - Investable Market(Down from 20.26)

S&P 500 Volatility Structure - Normal Contango Structure

VIX 9-Day - 11.90
VIX Short Term - 13.29
VIX - 13.34
VIX Long Term - 13.43

Now, here is the list of individual ETFs and individual names are showing strength.

Strongest of our ETF universe

SVIX
BLOK
ARKW
ARKF
XHB
ARKK
IPO
XLY
ARKQ
QQQ
IGV
IYT
XLK
IWF
INDA
SPHB
QUAL
SPY
XLI
FXB
IYR
FXF
SLX
EWI
SOYB
EWN
FXE
MTUM
EWP

Strongest of our ETF Leveraged/Inverse Funds

NAIL
TQQQ
WANT
SOXL
QLD
HIBL
TPOR
SPXL
DUSL
INDL
SPUU
MIDU
TNA
URE
DRN
UWM
UYG
FAS
RETL

Strongest of Individual Equities (Russell 3000)

SMCI
VRT
SDGR
NVDA
XPO
SKYW
MOD
BLDR
ISEE
CELH
AEL
AN
RETA
TDC
ELF
BECN
TDW
JBL
SAIA
PSTG
PHM
TOL
GFF
EXTR
IDCC
ADBE
OC
AVGO
APG
THC
CWH
DELL
EXAS
VRRM
TMHC
TEX
DBX
OII
VSH
ISRG
CARR
VMC
TMDX
ALSN
KBH
ON
CHX
NVT
VMW
CC
MAT
LEN
ROK
PCAR
FTNT
PH
NFLX
DHI
PNR
YELP
ATI
PWR
ODFL
ETN
EME
FDX
CPRT
BAH
ITT
PII
TPH
ABC
SKT
LTHM
CMC
URI
MEDP
MLI
CLH
APO
TKR
WAB
GO
ARES
INSP
HWM
CRM
SLB
GMS
GE
USFD
WY
IGT
TPX
ROL
MPWR
TT
WMB
DXCM
NUE
JCI
KRG
DFS
GOLF
IR
MAR
IDXX
VECO
ORCL
MSFT
COOP
RPM
PARR
BWA
SNPS
IRM
SFM
RJF
STZ
PCH
HXL
CARS
GGG
WGO
MCO
ACGL
CAT
CRC
VST
AMP
APH
ESNT
MA
HAL
ATVI
AOS
CAL
IBKR
CVI
LPLA
CDNS
BHF
TJX
ODP
TRGP
IT
BRK/B
OZK
KIM
EA
BRX
ADNT
ORLY
TRTN
BYD
RL
HLT
MSM
LKQ
AIG
WFC
VVV
ITW
CNO
PTC
BOX
JBHT
DRI
EQH
RDN
LNG
ACM
MSI
DE
ROST
CI
OTIS
H
BF/B
ADP
AL
L
TXRH
VRTX
CBOE
GLNG
OPCH
ATO
GL
SRC