Welcome to Market Lab, a new weekly email from Barron’s featuring significant and exclusive market data curated by our team. We'd like to know what you think. Give us your feedback by replying to this email or by filling out a short survey. DJIA, S&P and NASDAQ % change from the Highs and Lows of the Year: The DJIA on 6/29 was 24271.41. This is down 8.81% from the high of the year, which was 26616.71 on 1/26 and up 3.14% from the low of the year, which was 23533.20 on 3/23. The S&P on 6/29 was 2718.37. This is down 5.38% from the high of the year, which was 2872.87 on 1/26 and up 5.32% from the low of the year, which was 2581.00 on 2/8. The NASDAQ on 6/29 was 7510.30. This is down 3.49% from the high of the year, which was 7781.51 on 6/20 and up 10.82% from the low of the year, which was 6777.16 on 2/8. Index P/Es DJIA close: 24271.41 P/E: 23.38 S&P 500 close: 2718.37 P/E: 24.74 Trading Diary QCHA % | QACH % | QCHAQ % Monday: -.93 | -1.11 | -1.13 Tuesday: +.39 |+.82 | +.56 Wednesday: -.82 |+1.86 | –1.55 Thursday: +.16 | –.23 | +.29 Friday: +.16 | +.79 | +.40 Dividends http://www.barrons.com/mdc/public/page/9_3022-dividends.html
Insider Transactions Ratio Total by Insiders Buying in 2018: SYM: # of insiders | # of Shares| $ Value YORW: 28 | 1,247 | 37,567 AVEO: 27 |11,054,952 | 24,927,377 FFBC: 19 |4,459| 127,378 Investor Sentiment Readings Consensus Bullish: 52% AAII Bullish: 28.4% AAII Bearish: 40.8% AAII Neutral: 30.7% Market Vane Bullish: 59% TIM Group Market: 43.7% The panic/euphoria model is a gauge of investor sentiment. It identifies "Panic" and "Euphoria" levels which are statistically driven buy and sell signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be higher one year later, while euphoria levels generate a better than 70% probability of stock prices being lower one year later. Barron's Bond Indexes Confidence Index: 80.0 Best Grade Bonds: 3.86 Interm-Grade Bonds: 4.83 Stock/Bond Yield Gap: -1.64 Sources & Definitions QCHA % = the average stock advances or declines by the %. i.e. .25 means the average stock was up 0.25 %. P/E = is the ratio of the price relative to its annual per-share earnings. Consensus Bullish = CONSENSUS identifies the 75 percent level as the overbought level and 25 percent as oversold, these points should be interpreted not as absolute reversal points, but rather as approximate levels of potential market shifts. It is also important to note the trends in the data to get a fuller sense of possible market directions indicated. AAII Numbers = data represents what direction AAII members feel the market will take over the next six months. Market Vane Bullish = the degree of bullish sentiment for the S&P 500. For example: a Bullish Consensus of 65% for the S&P 500 implies that 65% of the traders are bullish and expect the S&P 500 to rise. Conversely, 35% of the traders are bearish and expect the index to decline. TIM Group Market Sentiment = the Market Sentiment score ranges from 0 (most bearish) to 100 (most bullish) and represents a completely objective, real-time view into the advice that sell-side firms are providing their buy-side clients. Market Sentiment = When the chart goes negative it states that a year from now the market should trade higher. Confidence Index = high-grade index divided by intermediate-grade index; decline in latter vs. former generally indicates rising confidence, pointing to higher stocks. Best Grade Bonds = Barron's index of 10 high-grade corporate bonds. Interm-Grade Bonds = Barron's index of 10 medium-grade corporate bonds. Stock/Bond Yield Gap = Difference between yield on highest-grade corporate bonds and yield on stocks on the DJIA Insider Transactions Source: Thomson Reuters Investor Sentiment Readings: Sources: Consensus Inc, American Association of Individual Investors, Market Vane, TIM Group Panic/Euphoria Model Source: Citigroup Investment Research - US Equity Strategy
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