Tuesday, September 02, 2014

Stocks Slightly Lower into Final Hour on Escalating Russian-Ukraine Tensions, Global Growth Worries, Technical Selling, Commodity/Gaming Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Mixed
  • Volume: Around Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 12.42 +3.67%
  • Euro/Yen Carry Return Index 144.08 +.72%
  • Emerging Markets Currency Volatility(VXY) 6.48 +2.05%
  • S&P 500 Implied Correlation 52.52 -1.52%
  • ISE Sentiment Index 101.0 +10.99%
  • Total Put/Call .83 -12.63%
  • NYSE Arms 1.07 +19.99% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 56.81 +.35%
  • European Financial Sector CDS Index 59.89 +.39%
  • Western Europe Sovereign Debt CDS Index 30.05 -2.81%
  • Asia Pacific Sovereign Debt CDS Index 63.84 -1.07%
  • Emerging Market CDS Index 286.17 +1.52%
  • China Blended Corporate Spread Index 310.94 unch.
  • 2-Year Swap Spread 21.0 -1.5 basis points
  • TED Spread 21.25 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -17.25 +.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .02% unch.
  • Yield Curve 189.0 +4.0 basis points
  • China Import Iron Ore Spot $86.70/Metric Tonne -.46%
  • Citi US Economic Surprise Index 43.50 +8.9 points
  • Citi Emerging Markets Economic Surprise Index -13.20 -.5 point
  • 10-Year TIPS Spread 2.16 +3.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +108 open in Japan
  • DAX Futures: Indicating -13 open in Germany
Portfolio: 
  • Slightly Lower: On losses in my biotech/medical sector longs and index hedges
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

No comments: