Stocks Falling into Final Hour on Rising Global Growth Worries, Ebola Fears, Earnings Concerns, Tech/Transport Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Heavy

• Market Leading Stocks: Underperforming

Equity Investor Angst:

• Volatility(VIX) 19.31 +2.88%

• Euro/Yen Carry Return Index 142.0 -.63%

• Emerging Markets Currency Volatility(VXY) 8.22 +1.86%

• S&P 500 Implied Correlation 58.75 +3.73%

• ISE Sentiment Index 82.0 +24.24%

• Total Put/Call 1.24 +28.87%

• NYSE Arms 1.07 -20.0% 

Credit Investor Angst:

• North American Investment Grade CDS Index 69.56 -1.16%

• European Financial Sector CDS Index 69.04 +2.84%

• Western Europe Sovereign Debt CDS Index 26.07 +2.52%

• Asia Pacific Sovereign Debt CDS Index 71.19 +2.63%

• Emerging Market CDS Index 264.75 +.93%

• China Blended Corporate Spread Index 328.69 +2.49%

• 2-Year Swap Spread 26.25 -.5 basis point

• TED Spread 22.5 unch.

• 3-Month EUR/USD Cross-Currency Basis Swap -9.50 -.5 basis point

Economic Gauges:

• 3-Month T-Bill Yield .01% unch.

• Yield Curve 186.0 -2.0 basis points

• China Import Iron Ore Spot $77.50/Metric Tonne n/a

• Citi US Economic Surprise Index 19.10 unch.

• Citi Emerging Markets Economic Surprise Index -27.0 -5.1 points

• 10-Year TIPS Spread 1.97 unch.

Overseas Futures:

• Nikkei Futures: Indicating -100 open in Japan

• DAX Futures: Indicating +21 open in Germany

Portfolio: 

• Slightly Higher: On gains in my medical sector longs, index hedges and emerging markets shorts

• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back

• Market Exposure: 25% Net Long