Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Around Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 12.79 -8.77%
- Euro/Yen Carry Return Index 118.90 +.40%
- Emerging Markets Currency Volatility(VXY) 10.46 +.58%
- S&P 500 Implied Correlation 42.78 -5.57%
- ISE Sentiment Index 82.0 +15.49%
- Total Put/Call .96 -6.8%
- NYSE Arms .68 -6.31%
Credit Investor Angst:
- North American Investment Grade CDS Index 75.0 -4.11%
- America Energy Sector High-Yield CDS Index 644.0 -3.09%
- European Financial Sector CDS Index 101.0 -.98%
- Western Europe Sovereign Debt CDS Index 24.83 +1.55%
- Asia Pacific Sovereign Debt CDS Index 32.76 +.28%
- Emerging Market CDS Index 234.33 -3.08%
- iBoxx Offshore RMB China Corporate High Yield Index 132.20 -.01%
- 2-Year Swap Spread 24.75 -.25 basis point
- TED Spread 58.50 +.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -55.5 -6.0 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 73.02 +.25%
- 3-Month T-Bill Yield .27% +3.0 basis points
- Yield Curve 84.0 +2.0 basis points
- China Import Iron Ore Spot $55.86/Metric Tonne -1.45%
- Citi US Economic Surprise Index -5.10 -1.7 points
- Citi Eurozone Economic Surprise Index 2.60 -2.0 points
- Citi Emerging Markets Economic Surprise Index -11.0 -.4 point
- 10-Year TIPS Spread 1.60% +4.0 basis points
- 57.6% chance of Fed rate hike at Dec. 14 meeting, 60.3% chance at Feb. 1 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +174 open in Japan
- China A50 Futures: Indicating +42 open in China
- DAX Futures: Indicating +11 open in Germany
Portfolio:
- Slightly Higher: On gains in my biotech/tech/medical/retail sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
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