Wednesday, December 03, 2014

Stocks Higher into Final Hour on Central Bank Hopes, Less Eurozone Debt Angst, Yen Weakness, Commodity/Healthcare Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 12.43 -3.27%
  • Euro/Yen Carry Return Index 154.06 -.06%
  • Emerging Markets Currency Volatility(VXY) 8.53 +.12%
  • S&P 500 Implied Correlation 65.96 -.48%
  • ISE Sentiment Index 161.0 +35.28%
  • Total Put/Call .76 -32.74%
  • NYSE Arms .79 -44.43% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 61.75 -.61%
  • European Financial Sector CDS Index 58.23 -1.16%
  • Western Europe Sovereign Debt CDS Index 26.75 -5.59%
  • Asia Pacific Sovereign Debt CDS Index 61.71 -1.43%
  • Emerging Market CDS Index 291.80 -.50%
  • China Blended Corporate Spread Index 327.96 -.05%
  • 2-Year Swap Spread 21.0 +.75 basis point
  • TED Spread 22.5 +.75 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -12.25 +.5 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .01% unch.
  • Yield Curve 173.0 -2.0 basis points
  • China Import Iron Ore Spot $69.25/Metric Tonne -2.01%
  • Citi US Economic Surprise Index 12.20 +4.3 points
  • Citi Eurozone Economic Surprise Index -26.20 -4.6 points
  • Citi Emerging Markets Economic Surprise Index -4.2 +.5 point
  • 10-Year TIPS Spread 1.80 +1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +149 open in Japan
  • DAX Futures: Indicating +9 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my biotech/medical/tech/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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