Thursday, October 18, 2012

Stocks Falling into Final Hour on Rising Eurozone Debt Angst, Earnings Worries, Rising Global Growth Fears, US Fiscal Cliff Concerns

Broad Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Around Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • VIX 15.29 +1.46%
  • ISE Sentiment Index 127.0 +2.42%
  • Total Put/Call .85 +8.97%
  • NYSE Arms .73 -7.54%
Credit Investor Angst:
  • North American Investment Grade CDS Index 90.82 bps +1.29%
  • European Financial Sector CDS Index 158.48 bps +3.45%
  • Western Europe Sovereign Debt CDS Index 105.94 bps +1.10%
  • Emerging Market CDS Index 210.14 bps +.31%
  • 2-Year Swap Spread 9.75 +.75 basis point
  • TED Spread 22.25 +.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -25.25 -1.0 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .10% -1 basis point
  • Yield Curve 153.0 +2 basis points
  • China Import Iron Ore Spot $115.50/Metric Tonne +.09%
  • Citi US Economic Surprise Index 53.90 -1.6 points
  • 10-Year TIPS Spread 2.52 +4 basis points
Overseas Futures:
  • Nikkei Futures: Indicating -10 open in Japan
  • DAX Futures: Indicating -19 open in Germany
Portfolio:
  • Slightly Lower: On losses in my Medical/Tech/Biotech sector longs
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

1 comment:

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