Wednesday, June 08, 2016

Stocks Higher into Afternoon on Central Bank Hopes, Oil Bounce, Short-Covering, Metals & Mining/Healthcare Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 14.09 +.14%
  • Euro/Yen Carry Return Index 127.09 -.25%
  • Emerging Markets Currency Volatility(VXY) 9.86 unch.
  • S&P 500 Implied Correlation 53.71 -.24%
  • ISE Sentiment Index 100.0 +42.86%
  • Total Put/Call .85 -1.16%
  • NYSE Arms 1.05 +.19
Credit Investor Angst:
  • North American Investment Grade CDS Index 73.39 -.62%
  • America Energy Sector High-Yield CDS Index 762.0 -4.11%
  • European Financial Sector CDS Index 95.18 +1.12%
  • Western Europe Sovereign Debt CDS Index 25.62 -1.44%
  • Asia Pacific Sovereign Debt CDS Index 51.37 +.58%
  • Emerging Market CDS Index 275.57 -2.15%
  • iBoxx Offshore RMB China Corporate High Yield Index 129.19 +.01%
  • 2-Year Swap Spread 14.25 +.25 basis point
  • TED Spread 40.25 -1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -29.5 +2.0 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 72.89 +.73%
  • 3-Month T-Bill Yield .24% -2.0 basis points
  • Yield Curve 93.0 unch.
  • China Import Iron Ore Spot $52.56/Metric Tonne +.04%
  • Citi US Economic Surprise Index -24.40 +.8 point
  • Citi Eurozone Economic Surprise Index -5.0 -2.6 points
  • Citi Emerging Markets Economic Surprise Index 9.0 -1.6 points
  • 10-Year TIPS Spread 1.61% +1.0 basis point
  • 20.0% chance of Fed rate hike at July 27 meeting, 39.2% chance at September 21 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -55 open in Japan 
  • China A50 Futures: Indicating -216 open in China
  • DAX Futures: Indicating +5 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my medical/tech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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